Personal Loan
Personal Loans – Get finance for your every need
Dreaming of a vacation, a perfect wedding, home renovation or a much desired gadget, you no longer need to wait to realize your dreams. Make life picture perfect with a Personal Loan.
Advantages
- Wide range of product to choose from
- Guidance throughout the process, making home buying hassle free
- Doorstep service at your comfort
- Simplified documentation
- Sanction without having selected a property
- Flexible repayment options
- Insurance options for home loan at attractive premium
- Apply Online and Get Quick Approval
- Personal Loan online Approval in 2hrs.
- Check your Personal Loan Eligibility.
Personal Loan Eligibility
Eligibility Criteria
Banks provides you with personal loan to fulfill your dreams with minimum documentation:
For Salaried Individuals
|
Criteria* |
Salaried |
|
Age |
22 years – 65 years. |
|
Salaried individuals with minimum monthly income Rs.15,000 (Rs.20,000 for applicants residing in Mumbai & Delhi; Rs.18,000 for applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata; For Others Rs. 12,000) |
|
|
Total years in job/profession |
2 Years |
|
Years in current residence |
1 Year (One Day if in a Super A Company) |
For Self Employed Individuals
|
Criteria* |
Self Employed |
|
Age |
23 years (self employed individuals) and 25 years (for doctors); Maximum age – 65 years |
|
Minimum Turnover |
Rs. 40 lakh for non-professionals; Rs. 15 lac for professionals; as per audited financials |
|
Minimum Profit After Tax |
Rs. 2 lac for Proprietorship Firm/Self employed Individuals and Rs. 1 lac for non-professionals as per audited financials |
|
Business Stability |
In current business for at least 5 years and minimum 3 years for doctors |
|
Existing relationship with the bank |
Minimum 1 year liability relationship (current or savings account) or Asset relationship (loan) either live or closed in the last 36 months; repayment track asrequired |
Personal Loan Documents
Documents Required
Banks provides you with personal loan to fulfill your dreams with minimum documentation:
List of documents for Salaried
- Proof of Identity:- Passport / Driving License / Voters ID / PAN Card (any one)
- Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
- Latest 3 months Bank Statement (where salary/income is credited).
- Salary slips for last 3 months.
- 2 Passport Size photographs.
- List of documents for Self-Employed
KYC Documents : Proof of Identity; Address proof; DOB proof.
- Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
- Income proof (audited financials for the last two years).Latest 6 months Bank statement.
- Office address proof.
- Proof of residence or office ownership.
- Proof of continuity of business.
