Personal Loan

  • Eligibility
    • All Individuals between age of 21 years to 58 Years having minimum gross annual income greater than or equal to Rs.240000/- for State Government ,Central Government, Profit Making PSU employee and pensioner (Central Govt and State Government), Govt. (Central & State) Aided/Semi-Govt. Schools and collages employee and pensioner.
  • Purpose
    • Any personal purpose other than speculative/illegal purpose.
  • Quantum of finance
    • Minimum: Rs. 1.00 Lakh & Maximum: Rs. 10.00 Lakh/-
    • Income gap criteria
      a. 24 times of GMI
      b. Total deduction including instalment of this loan should not exceed 60% of NMI.
      c. Loan Amount Applied.
      d. Eligible Loan Amount: Lower of (a), (b) or (c)
  • Margin
    • Not Required.
  • Security
    • 5 PDCs of Saving Account in which salary is crediting.
  • Repayment Period
    • Minimum term 24 months
    • Maximum term 60 months
    • (Subject to maximum exit age of borrower is 60 years)
  • Moratorium
    • Not applicable
  • Rate of Interest:10% + Scoring model premium
  • Processing Charge/Upfront Fee:As per bank's extent guidelines (subject to change from time to time)
  • Disclaimer:"Kindly contact the nearest branch for more details".