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| PERSONAL LOAN |
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Personal Loans for all your financial needs |
Thinking of renovating your house? Yearning to buy a new Laptop? Need financial assistance with marriage related expenses or your child higher education? Personal Loan is your One-stop-shop for all your financial needs to fulfill any of your desires.
Key Benefits of Personal Loan: |
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Loan up to 15 lacs |
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No security/guarantor required |
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Faster Processing |
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Minimum Documentation |
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Attractive Interest Rates |
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12-60 Months repayment options |
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Eligibility Terms for your Personal Loan |
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| Criteria |
Salaried |
| Age |
25 yrs. - 58 yrs. |
| Net Salary |
Net annual income - Rs. 1,44,000 p.a |
| Eligibilty |
Employees of Public Ltd. companies, Private Ltd. companies, Government companies or MNCs |
| Years in current job / profession |
1 Year |
| Years in current residence |
1 Year |
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Documents required for your Personal Loan |
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| Documents ( Pre Sanction) |
Salaried |
| Latest 3 months Bank Statement (where salary/income is credited) |
Yes |
| 3 Latest salary slips |
Yes |
| Proof of Continuity current job (Form 16 / Company appointment letter ) |
Yes |
| Proof of Identity (any one)Passport / Driving License / Voters ID / PAN card / Photo Credit Card / Employee ID card |
Yes |
| Proof of Residence (any one) Ration Card / Utility bill / LIC Policy Receipt |
Yes |
| Proof of Qualification Highest Degree (for Professionals / Govt employees) |
Yes |
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Prepayment of the loan is possible after 180 days of availing the loan. |
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Foreclosure charges as applicable would be levied on the outstanding loan. |
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Part pre-payment is not allowed. |
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No other fees or commitment charges are levied. |
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| Description of Charges |
Personal Loans |
| Loan Processing Charges / Origination Charges |
2% of loan amount plus service tax |
| Prepayment Charges |
Lower of the two amount given below. 4% to 5% of principal outstanding. Interest outstanding for unexpired period of the loan. |
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