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Personal Loan EMI and Interest Rates

     

    Thinking of a vacation, a perfect wedding, home renovation or a much desired gadget, you no longer need to wait to realize your dreams. Make life picture perfect with a Personal Loan.

    Benefits

    • Wide range of product to choose from
    • Guidance throughout the process.
    • Doorstep service at your comfort.
    • Simple documentation
    • Sanction without having selected a property
    • Flexible repayment options
    • Insurance options for Personal loan at attractive premium

    Personal Loan Eligibility

    Banks provides you with personal loan to fulfill your dreams with minimum documentation.

    For Salaried

    Age: 22 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. 12,000)

    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

    Age–3 years (self employed individuals) and 25 years (for doctors); Maximum age €“ 65 years

    Minimum Turnover– Rs. 40 LAC 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 as required.

    Personal Loan Documents

    List of documents for Salaried

    • Proof of Identity: Passport / Driving License / Voters ID / PAN Card (any one)
    • Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
    • Latest 3 months Bank Statement (where salary/income is credited).
    • Salary slips for last 3 months.
    • 2 Passport Size photographs.
    • List of documents for Self-Employed

    KYC Documents : Proof of Identity; Address proof; DOB proof.

    • Proof of Residence: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
    • Income proof (audited financials for the last two years). Latest 6 months Bank statement.
    • Office address proof.
    • Residence proof or office ownership.
    • Proof of continuity of business.

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