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Personal Loan

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Personal loan can cover our various personal expenses like marriages, home renovations, appliance purchase, emergency expenses and medical emergency.

Processing Fees 1%

We charge 1% processing fees.

Easy Loan Processing

Smooth process to apply and get this loan.

ROI 16%

It has ROI of 16%.

Aspects

  • Smooth and hassle-free loan processing for quick financial support.
  • Loan amount can be utilized freely for any personal purpose.
  • Loan facility available up to a maximum limit of Rs. 2 Lakhs.
  • Flexible repayment tenure available for up to 3 years.
  • Pre-payment of loan attracts a penalty charge of 2%.
  • No collateral or security is required to avail the loan.
  • No margin amount is required for loan approval.

ROI & Handling Charges

  • Personal loan facility available at an interest rate of 16%.
  • Service charges are applicable on a half-yearly and yearly basis.
  • A processing fee of 1% is charged on the sanctioned loan amount.

Eligibility

  • Salaried individuals with a regular monthly income of Rs. 10,000 or above are eligible.
  • Businessmen can apply for the personal loan facility.
  • Self-employed individuals with stable income are eligible for the loan.
  • Professionals having a regular source of income can avail the loan facility.
  • Applicants between 18 and 55 years of age are eligible to apply.

Documents Required & Shared Holdings

  • New customers and guarantors are required to open a Savings or Current Account with the bank.
  • Duly filled application form along with:
    • Income Proof of Applicant & Guarantors
    • Residential Proof of Applicant & Guarantors
    • PAN Card of Applicant & Guarantors
    • KYC Documents of Applicant & Guarantors
    • Income Tax Returns (ITR) for the last 3 years
    • Employer certificate / Salary slips of last 3 months with income verification
  • Two acceptable guarantors are mandatory for loan approval.
  • No prime security is required to avail the loan facility.
  • Regular Membership fees is Rs. 10 & Share amount @ 10% of loan amount.
  • Guarantors : Nominal membership.