Personal loan is an amount of money
borrowed from a bank or other lender by an individual.
Personal loans are issued only with the following conditions
For salaried &
self employed individuals.
from 12 - 60 months.
No Security, Collateral
or Guarantors required.
Loans can be used
for any purpose with no questions asked regarding the end use of
A balance transfer
facility available for those who want to retire any higher debt.
All loan repayments are done via equated monthly instalments (EMI).
for Personal loan are
- Age should be 25yrs
- Net Annual income should
be above Rs.90,000 p.a
- Should have one year
Documents to be
produced for Pesonal loans are
- Last 3 months bank
statement where salary is credited
- Proof of Turnover (Service
- Proof of present job
(Company's appointment letter)
- Proof of identity (ration
card , PAN or passport)
- Proof of residence
- Proof of educational
qualification ( original degree certificate)
Processing fee of some
amount of the loan amount is applicable. Prepayment of the loan is possible
after 6 months of availing the loan. Foreclosure charges as applicable
would be levied on the outstanding loan. Part pre-payment is not allowed.
No other fees or commitment charges are levied. Loans
are approved within 3 days after the submission of documents.