Personal Loan
Eligibility Criteria
Banks provides you with personal loan to fulfill your dreams with minimum documentation:
For Salaried Individuals
| Criteria* | Salaried |
| Age | 21 years 65 years. |
| Salaried individuals with minimum monthly income Rs.15,000 (Rs.20,000 for applicants residing in Mumbai & Delhi; Rs.18,000 for applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata; For Others Rs. 15,000) | |
| Total years in job/profession | 2 Years |
| Years in current residence | 1 Year (One Day if in a Super A Company) |
For Self Employed Individuals
|
Criteria* |
Self Employed |
|
Age |
23 years (self employed individuals) and 25 years (for doctors); Maximum age 65 years |
|
Minimum Turnover |
Rs. 60 lakh for non-professionals; Rs. 15 lac for professionals; as per audited financials |
|
Minimum Profit After Tax |
Rs. 2 lac for Proprietorship Firm/Self employed Individuals and Rs. 1 lac for non-professionals as per audited financials |
|
Business Stability |
In current business for at least 5 years and minimum 3 years for doctors |
|
Existing relationship with the bank |
Minimum 1 year liability relationship (current or savings account) or Asset relationship (loan) either live or closed in the last 36 months; repayment track asrequired |