Personal Loan
The defining feature of personal loans is that they are unsecured. Here, the borrower does not Have to give anything in security to the lender bank. Generally, loans up to Rs. 50 lakhs are lent out over a maximum period of 10 years. Thus, your loan amount and the interest rate on that amount is dependent on various factors such as monthly income, credit history, etc.
Eligibility
- Salaried Person
- Employees of Public and private limited companies
- Public and private limited companies
- Government sector employees including Public Sector Undertakings and central and local bodies
- Minimum age of 21 years
- Maximum age of 60 years at loan maturity
- Minimum net monthly income – Rs. 15,000
The Document Required
- 2 Recent Passport Size Photographs (Valid up to last six month captured)
- Last two month Pay Slip
- Address Proof
- I.D Proof
- Bank Statement of last Three month.
- Documents Valid as Address Proof :
- Ration Card
- Electricity Bill
- Mobile Bill
- Land Line Bill
- Passport
- Mool Niwas Patra
- House Tax Slip Water Bill
- Gas Bill etc
