Personal Loans

Eligibility Criteria :

  • Any salaried persons / Professionals -  Self Employed / Retailers.
  • The purpose considered are, social cause / small repairs of property / Child education etc.
  • Loan granted up-to 5 times of the net monthly income of the applicant/s Or Rs.2 lacs which ever is less.
  • Minimum two personal guarantees having income / asset expectable to the Bank.    

Effective Rate of Interest    :   14 % *.

Processing Charges             :   Nil.

Pre-payment Charges          :   Nil.

Share Money Contribution :    5 % of the Loan Sanctioned.

Tenure For Repayment      :    Maximum up-to 40 months.

How to apply :

  • An application in Bank’s Prescribed Form duly filled up having been affixed with the Photographs of  the applicant/s and guarantors along with their signatures to be supported by the papers / documents detailed as under.

For the Applicant/s.

  • Photo I.D.
  • Income Proof.
  • Residential Address Proof.
  • Proof  of Immovable Property if owned by the applicant.
  • Bank A/c Statement for the last six months.
  • Statement of A/c for Loan / Advance facility availed from other Bank / F.I.
  • A letter of undertaking from the employer to deduct of EMI from salary in case of salaried person if agreed by their Employers.

For the Guarantors.

  • Photo I.D.
  • Income Proof.
  • Residential Address Proof.
  • Proof  of Immovable Property if owned in their name.

Note : Other supportive papers/documents/proofs to be produced, if further needed and asked by the Bank.

* Conditions applied.