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Personal Loans |
Personal Loans for any use. No Security, No guarantors.
Eligibility
| Salaried |
Working with Category A companies/ MNC or even Private firms. |
| Self-employed Professional (SEP) |
C.A., Architects, Engineers, Doctors (have to be MBBS or BDS), MBAs. |
| Self-employed Professional (SENP) |
Proprietorships and Partnerships. |
Terms of the Loan
Loan Amount
Salaried : (Rest of India)
Minimum Loan Amount :
Rs. 1 lac
Maximum Loan Amount :
Rs. 10 lacs(for Gold)
Rs. 3 lacs(for Non Gold)
Salaried : (For Delhi and Mumbai)
Loan extended only for CAT A companies. Please contact the nearest branch to know the eligible corporate.
Minimum Loan Amount :
Rs. 2 lacs
Maximum Loan Amount :
Rs. 10 lacs
Self-employed : (Self employed businessman and Self Employed Professionals)(Rest of India)
Minimum Loan Amount :
Rs. 1 lac
Maximum Loan Amount :
Rs. 10 lacs (under income based program)
Rs. 15 lacs (under Balance transfer program)
Self-employed : (Self employed businessman and Self Employed Professionals)(For Delhi and Mumbai)
Minimum Loan Amount :
Rs. 2 lacs
Maximum Loan Amount :
Rs. 10 lacs (under income based program)
Rs. 15 lacs (under Balance transfer program)
Tenure
Minimum -
12 months
Maximum -
60 months
Interest Rates
As applicable from time to time
Maximum Quantum of Loan
Refer to loan calculator:
Loan Calculator to be built based on existing norms to give loan amount to the customer.
Other Eligibility Criteria
Income
Salaried and Self Employed : (For Mumbai and Delhi) Minimum Income Level : Rs. 2 lacs
Salaried : (Rest of India) Minimum Income Level : Rs. 75,000
Self Employed : (For Mumbai and Delhi) Minimum Income level : Rs. 2 lacs
Self Employed : (Rest of India) Minimum Income Level : Rs. 1 lac.
Age
Self employed : Minimum - 21 years and Maximum - 65 years.
Salaried : Minimum - 24 years and Maximum - 58 years.
Experience
Salaried - 2 years continuous work experience with 6 months in current employment.
Salaried Gold - 1 year total work experience. No minimum current employment norms.
Self employed - 3 years in existence in same line of business.
Self employed NIP - should be in business for 5 years (3years for shopkeepers).
Residence Stability
Staying at current residence for more than 1year. In case of loans beyond 36 months, residence should be self owned.
Self employed - Any one of place of business or residence should be self-owned.
Documentation
Income Proof
Salaried :
Non Gold :
- latest salary slip.
- last years Form 16 / ITR.
- last 6 months bank statement, showing at least last six salary credits.
- For consultants, copy of contract letter along with latest Form 16 A to be taken.
Gold :
- latest salary slip / work contract.
- 3 months bank statement.
Self-employed:
- Latest IT returns with Profit and Loss Account, Computation of Income.
- Last 6 months Bank statement.
Residence Proof
- Ration card.
- Electricity bill / telephone bill in applicant´s name.
- LIC premium intimation.
- Copy of flat agreement if current residence is owned.
- Copy of registered lease agreement if staying on rent.
- Credit card billing statement (can be up to 6 months old).
Proof of identity
- PAN Card.
- Passport.
- Election commission card.
- Laminated Drivers License.
- Employee ID. Not applicable for Pvt Ltd. Co employees.
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