Personal Loans |
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Banks offer personal loans to salaried and self-employed individuals to meet
their personal needs by considering their regular income or salary and provide
without any collateral security. The loan is funded purely on the basis of
income that one get from their employer or from their own business. Banks charge
interest rate to customer by considering their company profile too. People
working with large corporates and MNC’s usually charged less with option Nill
pre closing charges.
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Eligibility |
- Applicant age must be min 21 Years
- Must have 2 years of work experience
- Applicant must have a minimum salary of 20,000 / Month
- Applicant must have clear CIBIL records
- Applicant must be working with any company or self employed
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Current Offers:
-Processing fee 1% for CAT A Companies
-Paybacks upto a maximum of 1% to CAT B & CAT C Companies
-Attractive interest rates for doctors @ 14% |
Personal Loan Interest Rates |
|
Bank |
Salary
|
Cat A |
CAT B |
CAT C |
Self Employed |
Processing Fee |
Tenure |
Preclosure Charge |
|
ICICI |
Upto 25000 |
17% |
17.50% |
18% |
16 - 18% |
Cat A - 1%
Cat B & C - 2% |
Min 1 Years
Max 4 Years |
2% |
|
35000 to 50000 |
17% |
17% |
17% |
|
50000 to 75000 |
16% |
16.50% |
16.50% |
|
Above 75000 |
15.50% |
16% |
16% |
Self-Employed 2% |
|
AXIS |
Upto 25000 |
17.50% |
17.50% |
18% |
16 - 18% |
Salaried 2% |
Min 1 Years
Max 5 Years |
Nill |
|
35000 to 50000 |
16% |
16.50% |
17% |
|
50000 to 75000 |
15.50% |
16% |
16.50% |
|
Above 75000 |
15% |
15.50% |
16% |
Self-employed 2% |
|
HDFC |
Upto 25000 |
17% |
17.50% |
18% |
16 - 17.50% |
Cat A - 1%
Cat B & C - 2% |
Min 1 Year
Max 4 Years |
Min 2% - 4 % |
|
35000 to 50000 |
16.50% |
17% |
17.50% |
|
50000 to 75000 |
15.50 |
16% |
16.50% |
|
Above 75000 |
14.50% |
15% |
16% |
Self-employed 2% |
|
CITI |
Upto 25000 |
16.50% |
16.50% |
17.50% |
16 - 18% |
Cat A - 1%
Cat B & C - 2% |
Min 1 Year
Max 4 Years |
2% - 4% |
|
35000 to 50000 |
16% |
16.50% |
17.50% |
|
50000 to 75000 |
15% |
16% |
17% |
|
Above 75000 |
15% |
16% |
17% |
Self-employed 2% |
|
SBI |
Upto 25000 |
18% |
18% |
18% |
Self Employed 18% |
Nill |
Min 1 Year
Max 4 Years |
Nill |
|
35000 to 50000 |
17.50% |
|
50000 to 75000 |
17.50% |
17% |
SBI Salary Credit
Customers 15.50% |
|
Above 75000 |
18% |
BAJAJ
FINSERV |
Upto 25000 |
16% |
16.50% |
16.50% |
17% |
2% |
Min 1 Year
Max 4 Years |
Nill |
|
35000 to 50000 |
|
50000 to 75000 |
15% |
15.50% |
|
Above 75000 |
|
ING Vysya |
Upto 25000 |
15.50% |
16.50% |
17.50% |
17.50% |
1% - 2% |
Min 1 Year
Max 4 Years |
Nill |
|
35000 to 50000 |
15% |
16% |
17.25% |
|
50000 to 75000 |
14.50% |
15.50% |
17% |
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Above 75000 |
14% |
15% |
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The Interest rates stated above may vary and request you to apply to us to get
exact rate of interest depending on your income and the company that you work
in.
- Companies category may vary from bank to bank
- Processing fee and fore closure offers change from time to time |
Personal Loan Required Documents |
|
Salaried |
SelfEmployed |
-ID Proof(PAN Card/Passport/Aadhar/Voter ID/Driving License)
-Address Proof(Aadhar/Passport/Driving License/Lease Agreement)
-3 Months payslips
-6 Months banks statement
-Form 16 - 2 Years
-One colour passport size photograph |
-ID Proof(PAN Card/Passport/Aadhar/Voter ID/Driving License)
-Address Proof(Aadhar/Passport/Driving License/Lease Agreement)
-3 years IT returns
-6 Months banks statement
-One colour passport size photograph
-Company registration certificate |
Terms and Conditions |
-Banks consider regular income that was declared in Payslips and Income Tax
returns
-Rate of interest is subject to monthly net income and company working in
-Banks fund loan to a maximum of 12 to 18 times of net salary recieved monthly
-Processing fee is deducted from the loan amount before disbursement
-Banks may ask for guarantors if needed depending on customer profile
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