Personal Loan

  • Loan amount maximum Rs.5 lakhs

  • Convenient loan repayment option of 36(self employed) to 60(Individual) months

  • Simplified and quick documentation

  • Attractive interest rates
  • Hassle-free loan sanction and disbursal procedure

  • Confirmed employees of reputed PSUs, Limited Companies, Central / State Government Employees and Professors / Asst. Professors / Lecturers of College / Universities and Research Institutes

  • Minimum net monthly income of Rs.10,000 per month

  • Minimum age at loan sanction – 25 years. Maximum age at loan maturity - lower of 60 years or retirement age

Shareholding: 2.5% of loan amount
Conditions Rates

Salaried:

16.00%

Non-Salaried:

16.50%

Self Employed :

18.00% - 22.00%

Primary Documents Required for Personal Loan :

  • PAN Card (mandatory)

  • Aadhar Card (mandatory)

  • Identity Proof – Any one (e.g. Voter ID / Driving License / Passport)

  • Address Proof – Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)

  • Relationship Proof (if required)

  • Passport Size Photographs

  • Any other valid Photo ID card issued by central or state government

Primary Documents Required for Personal Loan :

  • Salary Slip for the last 3 months

  • Form No. 16 for last 3 years OR Income Tax Returns for last 3 years

  • Bank Statement of Salary Account for the last 6 months

  • Latest 3 months pay slips and Form 16 issued by the employer

  • Income documents of salaried spouse (in case of clubbing of income)

Security

a) Personal Guarantors/Surety:

i) Two Personal Sureties.

ii) Additional Surety of the spouse (if married) OR father / mother (if unmarried).

b) Security

i) Hypothecation of valuable items such as Television, Computer, Car, Refrigerator, Music System etc upto 100 % of the loan amount incase salary deduction incase of salary deduction U/s 49 of MCS Act,1960 or Salary credit by way of ECS.

ii) In all other cases-100% by way of Pledge of tangible securities viz. NSC,KVP,LIC etc /mortgage of immoveable property

iii) 20% of the loan amount, minimum take home monthly salary : Rs. 15000/-