• 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

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/-