Eligibility for Personal Loan

Existing Housing Loan Borrowers subject to Salaried Individuals only, having minimum standing of 1 year relationship with the bank.

Corporate Salary Account holders having minimum standing of 1 year relationship with the Bank, where borrower is having a total experience of minimum 2 years in employment and with 1year in the current organization.

For Corporate Salary Account holders, Rs. 3 lakh as per the last year income along with minimum last 2 year ITR/Form 16 from the Employer is Mandatory.

Applicant should be of age range between 21 Years to 60 Years.

Privilages

Document Required

Proof of Address: Aadhaar Card / Voter ID Card / Ration Card

Proof of Identity: PAN Card / Aadhaar Card / Voter ID Card / Passport

Proof of Income (For Salaried): Last 2 Year ITR, Form 16, Last 3 months salary slip and Last 6 months bank’s statement.

Proof of Income (For Non-Salaried): Last 2 Years ITR, Audited Balance Sheet, and Last 1 Year Bank Statement.

Pros

No Margin Money Required

Cons

High Processing Fee

No Prepayment Allowed