Personal Loan

Purpose of the Loan : For any purpose like marriage expenses of self, children , Medical expenses to be incurred for self, spouse , children , dependent , for repair renovation of existing house/ Flat , for education of children , for purchase of Consumer durable items , Repayment of existing housing loan for any source .
Target Groups : Any individuals.
Eligibility : Salaried employees, Professionals and individuals with high net worth, regular pensioners drawing monthly pensions, staff member of the Bank including retired employees.
Age of Borrower : 18 to 65 Years .
Type of Advance : Term Loan.
Quantum Of Advance : Maximum ₹5.00 Lakhs or Working and Non-Working person 12 times of monthly net take home salary of the self/ spouse . In respect of Professionals and other 60% of gross annual income as per last 2 years of IT Returns whichever is less .
Margin of the Loan : 10% .
Rate of Interest : @16.00% P.A. in general.
Repayment : Maximum 48 nos of EMI.
Primary : Salary / Pension Undertaking .
Additional: @15% of liquid security in the name of applicant in general but in case of existing staff no liquid security required .
Two personal Guarantee having sufficient net worth.
Linking Share : @5% of the loan amount.
Process Fees : @ 1% of the loan amount.
Disbursement : Disbursement through saving account of the applicant .