Purpose: This loan can be use for any purpose (like medical treatment, Instant marriage, any instant incident).
Eligibility: Any salaried individual, professional or self -employed individual can avail this personal loan.
Quantum of loan: Up to a maximum of 90% of the proposed expenses will be granted as loan.
Rate of Interest:
Repayment: The term of the loan should be within the maturity date of the term deposit. One may prepay at will with no penalty, or pay more than your stipulated monthly installment at any time, depending upon availability of funds. This would enable paying off loan faster and reduce the interest burden. There is no prepayment penalty in case of home loan.
Other features: Nominal processing charges. No prepayment penalty.
Documents Required:
- Latest 6 months Bank Statement of salary account
- Last 2 years ITR with computation of income / Certified Financials
- Proof of Turnover (Latest Sales / Service tax returns)
- Proof of Continuity current business or industries Proof of Identity
- Proof of Residence
- Proof of Office (any one) Lease deed / Utility bill / Municipal Tax receipt / title deed
- Proof of Qualification Highest Degree