Personal Loan

Eligibility Criteria

  1. For Resident Indians and NRIs.
  2. Residence within 20km radius of any branch
  3. Between 21 years to 65 years
  4. Copies of Aadhaar and PAN card are mandatory.
  5. Minimum monthly income of Rs. 15,000/-.
  6. Higher income level is only for premium and platinum schemes.
  7. Income proof:

     a.)Salaried class :-

  • Pay slip for last 3 months
  • Latest Form 16 or ITR for last 2 years, if applicable
  • Last 3 months salary account statement

     b.)Self-employed persons/businessmen/professionals:

  • Proof of business and bank statement containing business transactions
  • Audited Balance Sheet and Profit & Loss account or Annual VAT return, wherever applicable.

 Our Schemes 

Name of Scheme

Minimum monthly income (Rs) FOIR

Maximum

Loan Amount.

 (Rs)

Period (Months) Int. Rate %

Processing Fee

Classic 15,000 50% 50,000 – 1,00,000 12-18 24

2.5 %

Premium 25,000 60% 1,00,001 – 300000 12-36 22

2 %

Platinum 50,000 60% 1,00,001 – 5,00,000 12-48 18

1.5 %

 

Note:

Maximum period is 12 months for loans up to Rs.50,000/-.
Period exceeding 24 months will be applicable only for loans above Rs.2 lac.
Interests are compounded at monthly rests.

Other Charges:
i. Pre-payment charge        : Nil
ii. Cheque bounce charge  : Rs200
iii. Delay in EMI payment : Rs250 per EMI per month
iv. Legal, Repossession, Incidental Charges : Actual