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/-.
  • Purpose
    • Any personal purpose other than speculative/illegal purpose.
  • Quantum of finance
    • Minimum loan : 100000/- and Maximum Loan : 500000/-
    • a) Income gap criteria - Total deduction including instalment of this loan should not exceed 60% of GMI.
    • b) Loan amount applied .
    • Eligible Loan Amount: Lower of a) or b) above
  • Margin
    • Not Required.
  • Security
    • Third Party guarantee having net worth equal or greater than 2 times sanction amount
  • Repayment Period
    • Minimum term 24 months
    • Maximum term 60 months
    • (Subject to maximum exit age of borrower is 60 years)
  • Moratorium
    • No Moratorium period
  • Rate of Interest
  • Processing Charge/Upfront Fee
  • Disclaimer:"Kindly contact the nearest branch for more details".