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Loan amount maximum Rs.5 lakhs
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Convenient loan repayment option of 36(self employed) to 60(Individual) months
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Simplified and quick documentation
- Attractive interest rates
- Hassle-free loan sanction and disbursal procedure
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Confirmed employees of reputed PSUs, Limited Companies, Central / State Government Employees and Professors / Asst. Professors / Lecturers of College / Universities and Research Institutes
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Minimum net monthly income of Rs.10,000 per month
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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:
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16.00% |
Non-Salaried:
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16.50% |
Self Employed :
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18.00% - 22.00% |
Primary Documents Required for Personal Loan :
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PAN Card (mandatory)
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Aadhar Card (mandatory)
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Identity Proof – Any one (e.g. Voter ID / Driving License / Passport)
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Address Proof – Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)
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Relationship Proof (if required)
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Passport Size Photographs
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Any other valid Photo ID card issued by central or state government
Primary Documents Required for Personal Loan :
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Salary Slip for the last 3 months
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Form No. 16 for last 3 years OR Income Tax Returns for last 3 years
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Bank Statement of Salary Account for the last 6 months
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Latest 3 months pay slips and Form 16 issued by the employer
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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/-