Personal Loan


Personal Loan is available from Rs.50,000 upto Rs. 1,00,000/- for purchase of white consumer goods to meet with the expenses like social, religious occasion, medical treatment, minor repairs to property etc.

Rate of interest on personal loan is 14.00% per year.

Applicant details

  • Applicant’s last two years Income tax Return / Payslip of last 3 months / Notarized income certificate for joint family.
  • Last tax bill / certificate from society chairman/Secretary if applicant owned property.
  • 2 Photographs of Applicant.
  • Address proof – electric bill /telephone bill (any one) As per KYC norms.
  • Photo proof – Pan card / Voter card / Driving license (Any one) As per KYC norms.
  • Bank Statement.
  • Applicant has to show all original documents to the bank for verification with zerox copy. Original documents will be returned to applicant after verification.
  • Applicant should have Savings/ current Bank account with the bank.

Guarantor details

  • Photograph-two copies.
  • Last tax bill.
  • Last income tax return copy.
  • Address proof – electric bill /telephone bill (any one) of residence and of business place.
  • Photo proof – Pan card / Voter card / Driving license (Any one).

Conditions

  • Loan amount maximum Rs.1,00,000/-.
  • Loan amount is to be repaid with interest within 36 EMIs..
  • Applicant has to take share of bank @2.5% of the limit.
  • Processing charges of 0.50% will be levied on sanction.
  • ROI @14%p.a.