Loan

Shikshak Sahakari Bank Personal Loan @ 11% Documents Required

Shikshak Sahakari Bank Personal Loan @ 11% | Documents Required, How To Apply?, Interest Rates, Reasons and Features

Shikshak Sahakari Bank Personal Loan: If you are deciding on applying to the Shikshak Sahakari Bank, you would be delighted to know that their loan application method is quite simple. To know the ideal loan that is perfect for an individual, one needs to understand facts about the Shikshak Sahakari Bank Personal Loan in detail.

Read this article to better understand details related to Loan application, such as Shikshak Sahakari Bank interest rates, Shikshak Sahakari Bank login, Shikshak Sahakari Bank balance check, and much more.

Curious to check other banks’ offered Personal loan features, eligibility, interest rates, tax benefits, and a repayment plan. Go with our one-stop Personal Loan Page & swipe out your doubts within no time.

Shikshak Sahakari Bank

Shikshak Sahakari Bank Personal Loan Overview

The Shikshak Sahakari Bank has highly developed loans in various industries such as MIDC, Hingna, Nagpur, Butibori, etc. and consists of fixed commercial purposes. It also provided development to traders and transporters, devoting almost 70% of the Shikshak Sahakari Bank’s growth to business and industrial purposes.

The Shikshak Sahakari Bank has been contributing to a variety of social services, including disaster relief, and is known to regularly make donations to the Member Welfare Fund for the benefit of its members.

About the Shikshak Sahakari Bank

Shikshak Sahakari Bank was established in the year, 1979 to help teachers meet their financial needs. The idea of ​​establishing a bank had grown in the minds of its founders in the years prior.

However, originators of the Bank finally accomplished this aim in January of 1979. The Bank was established with a budget of Rs. 3.50 lacs only. The founders of the Bank were professional teachers themselves, belonging to the enlightened section of society. It can be said that the Shikshak Bank was set up by teachers for teachers.

In time, however, the Bank did not remain fully committed to its membership, and instead, it opened its membership to all for its betterment.

Shikshak Sahakari Bank Personal Loan Features

  • A maximum loan amount is available for all applicants
  • Multiple loan repayment options are readily accessible to any individual applying for a loan
  • The processing period of loan applications in the Shikshak Sahakari Bank is quite efficient
  • The approval process of Loans is Straightforward and hassle-free
  • The bank does not insist upon any guarantor or guarantors while applying for a Personal Loan
  • The Shikshak Sahakari Bank offers special schemes and discounts for workers of considerably large companies
  • No security fee or is mandated for availing any loan
  • Just like deposits, the Bank additionally provides numerous facilities to its customers

Shikshak Sahakari Bank Personal Loan Eligibility Criteria

  • The ones eligible for opting for the personal loan are State Government employees, Research Institutes and Universities, The Approved and confirmed employees or Limited Companies of reputed PSUs, Lecturers of Colleges or Universities, Central Government employees.
  • All individuals who have a minimum total income of Rupees Ten Thousand on a monthly basis are eligible to apply for the personal loan.
  • The individuals to get their propositions sanctioned need to be at least (minimum age) 25 years old and up to 60 years old (maximum age) which stands for the retirement age (from service).

Shikshak Sahakari Bank Personal Loan Documents Required

The records that need to be provided before one can be held as an eligible candidate for the Personal Loan are described below:

  1. Your Original Aadhar Card
  2. Your Original PAN Card

Your Original Address Proof which can be any of these as listed below:

  1. Voter ID Card
  2. Passport
  3. Driving License
  4. Bank Statement
  5. Electricity Bill
  6. Telephone Bill
  7. Registered Lease Deed or Sales Agreement

Identity Proof which can be any of these as listed below:

  1. Voter ID Card
  2. Driving License
  3. Passport

Other Documents

  • Relationship Proof (if you are asked to furnish one/ if applicable)
  • Passport Size Photograph of yourself
  • Any other valid Photo ID card(s) as issued by the state or central government.

Reasons for Rejection of the Loan

  • If the individual has a poor credit value
  • More loan inquires might lead to denial of the loan application.
  • A huge amount of general obligation.

Shikshak Sahakari Bank Personal Loan Features

  • Impressive and competitive interest rates
  • Offers outstanding strategies and rebates for workers of large corporations
  • Payment in EMI.
  • Generally, no assurance is needed for getting a personal loan
  • Quick loan authorization

How to Apply for a Personal Loan in the Shikshak Sahakari Bank?

Online Application Method

One can apply for Shikshak Sahakari Bank Personal Loan by following these stated easy steps detailed below.

  • Step 1: Visit the official bank’s website, find the personal loan option, and select the option for Shikshak Sahakari Bank Personal Loan. Select apply, and a fresh wall will start.
  • Step 2: A new screen will open, and it is a form. The form has to be filled up with important elements like the name of the applicant, residential address, and other private information.
  • Step 3: After putting in the personal details, one has to click on apply for a loan.
  • Step 4: A new window opens where the person has to put in other essential information such as- account numbers and the statements needed for loan approval.
  • Step 5: Finally, after checking the information twice, then send your loan request form.

Offline Application Method

One can also apply for a loan by visiting the bank too. For the offline method, the borrower needs to visit any Shikshak Sahakari Bank branch, and fill out the form with all the important required components and submit it along with the documents that are required.

Shikshak Sahakari Bank Personal Loan Types

  • Home Loan
  • Office Loan
  • Car Loan
  • Doctor’s Loan
  • Business Loan
  • Gold Loan
  • Credit Card Loan
  • Education Loan
  • Term Loan

Myths about the Shikshak Sahakari Bank Personal Loan

  • Prepayment of private mortgage always draws Penalty: It is not valid that the pre-price of a private mortgage usually brings a penalty. It depends upon lenders to charge any pre-price penalty.
  • Lengthy Private Loan Reimbursement Term is favorable: It is not correct that a lengthier reimbursement term gives rise to a greater rate of interest. The person will have to spend interest rate for a greater duration.
  • Your loan application is denied if you do not have a regular income: If you do not have a usual source of earnings, there are chances while you may get the loan approved. Loan permission can be granted if you add a joint owner maintaining regular earnings.
  • Interest Rates are not flexible: The rate of interest in private loans differs from client to client. Clients with good credit counts and decent earning can adjust rates with the loan giver and can get comparatively poorer rates of interest in loans.
  • Decent Credit value ensures acceptance of a personal loan: Holding a favorable credit total does not assure private loan authorization as there are different characteristics like earnings, frequency of salary, etc., which the lender assesses during the loan authorization procedure.

Takeaway from the Article

This article covers the basics and intricacies of the methods to apply for personal loans, a few of the important things to know and understand in order to apply for a personal loan. Hence, one must always read carefully the terms and conditions a specific bank puts out before applying to it for any loan.

Jalgaon Janata Sahakari Bank Personal Loan Meaning, Eligibility, Interest Rates, Documents Required

Jalgaon Janata Sahakari Bank Personal Loan | Meaning, Eligibility, Interest Rates, Documents Required

Jalgaon Janata Sahakari Bank Personal Loan: The Jalgaon Janata Sahakari Bank Limited is one of the famous banks in India. This bank offers the Jalgaon Janata Sahakari Bank Personal Loan. In this specific article, we will give you the Janata Bank home loan interest rate. This article will tell you what a personal loan is and what a Jalgaon Janata Sahakari Bank Personal Loan is. We will notify you about the Jalgaon Janata Sahakari Bank Mobile App. We will tell you what the charges are for the Jalgaon Janata Sahakari Bank Personal Loan. We will notify you about the Jalgaon Janata Sahakari Bank Statement. We will also tell you about your documents to apply for the Jalgaon Janata Sahakari Bank Personal Loan. We will also notify you about the eligibility criteria you need to fulfill to apply for the Jalgaon Janata Sahakari Bank Personal Loan. So let us begin.

Curious to check other banks’ offered Personal loan features, eligibility, interest rates, tax benefits, and a repayment plan. Go with our one-stop Personal Loan Page & swipe out your doubts within no time.

Jalgaon Janata Sahakari Bank

What is a Personal Loan?

A Personal Loan is a specific type of loan. It does not require any collateral or any security. A personal loan is the only loan that is offered with the minimum amount of documentation.

What is the Jalgaon Janata Sahakari Bank Personal Loan?

The Personal loan offered by the Jalgaon Janata Sahakari Bank is known as the Jalgaon Janata Sahakari Bank Personal Loan.

What are some among the significant benefits of applying for the Jalgaon Janata Sahakari Bank Personal Loan?

The first significant benefit of applying for the Jalgaon Janata Sahakari Bank is that you can use it for the maximum loan amount you want.

The second significant benefit of applying for the Jalgaon Janata Sahakari Bank is that there are multiple options for personal loan repayment that you can choose from.

The third significant benefit of applying for the Jalgaon Janata Sahakari Bank is the application of fast and easy processing of the personal loan that you apply for.

The fourth significant benefit of applying for the Jalgaon Janata Sahakari Bank is that the Jalgaon Janata Sahakari Bank does not insist upon a guarantor.

The fifth significant benefit of applying for the Jalgaon Janata Sahakari Bank is that the interest rates are attractive and competitive.

The sixth significant benefit of applying for the Jalgaon Janata Sahakari Bank is that the Jalgaon Janata Sahakari Bank offers special discounts and special schemes for big companies’ employees.

The seventh significant benefit of applying for the Jalgaon Janata Sahakari Bank is the presence of quick loan approval.

The eighth significant benefit of applying for the Jalgaon Janata Sahakari Bank is that generally, no security is required to avail of the personal loan.

What eligibility criteria need to be fulfilled to apply for the Jalgaon Janata Sahakari Bank Personal Loan?

To apply for the Jalgaon Janata Sahakari Bank Personal Loan, you must fulfill some essential eligibility criteria.

The first eligibility criterion that needs to be fulfilled to apply for the Jalgaon Janata Sahakari Bank is that the person applying for the Jalgaon Janata Sahakari Bank Personal Loan must be between the age range of 21 years and 58 years.

The second eligibility criterion that needs to be fulfilled to apply for the Jalgaon Janata Sahakari Bank is that the person applying for the Jalgaon Janata Sahakari Bank Personal Loan should be a permanent employee of State Government Public Sector Undertakings or the Central Government Public Centre Undertakings.

The third eligibility criterion that needs to be fulfilled to apply for the Jalgaon Janata Sahakari Bank is that the person applying for the Jalgaon Janata Sahakari Bank Personal Loan is a regular salary person or a self-employed person with a stable income.

The fourth eligibility criterion that needs to be fulfilled to apply for the Jalgaon Janata Sahakari Bank is that the person applying for the Jalgaon Janata Sahakari Bank Personal Loan should have worked for a business, a profession, or a job for a minimum of three years and more.

What are the interest rate and other charges required for the Jalgaon Janata Sahakari Bank Personal Loan?

The interest rate and other charges required for the Jalgaon Janata Sahakari Bank Personal Loan depend on the bank’s branch. The pre-payment charges will be decided by the bank and will vary from time to time.

What are the most important documents required to apply for the Jalgaon Janata Sahakari Bank Personal Loan?

Several important documents are required to apply for the Jalgaon Janata Sahakari Bank Personal Loan.

The first important document you will have to apply for the Jalgaon Janata Sahakari Bank Personal Loan is the Proof of Identity. You can carry your driving license or a copy of your passport as proof of identity to apply for a personal loan. You can also take your Aadhar Card or your Voter ID Card as proof of identity to apply for Jalgaon Janata Sahakari Bank Personal Loan. You can also carry your Government department ID Card as proof of identity to apply for the personal loan.

The second important document you will be required to have to apply for the Jalgaon Janata Sahakari Bank Personal Loan is a duly filled-up and properly signed application form for the personal loan.

The third important thing you will be required to have to apply for the Jalgaon Janata Sahakari Bank Personal Loan is photographs.

The fourth important document you will be required to have to apply for the Jalgaon Janata Sahakari Bank Personal Loan is the bank passbook or the bank statement of the last six months.

The fifth important document you will be required to have to apply for the Jalgaon Janata Sahakari Bank Personal Loan is the Proof of Income. You can carry your latest salary slip or the Income Tax Returns of the last two years as proof of Identity to apply for a personal loan. You can also bring your latest salary certificate as proof of income to apply for Jalgaon Janata Sahakari Bank Personal Loan.

The sixth important document you will be required to have to apply for the Jalgaon Janata Sahakari Bank Personal Loan is the Proof of Address. You can carry your latest electricity bill or your latest telephone bill as proof of address to apply for a personal loan.

The takeaway from this article

In this specific article, we have given you the details about the Jalgaon Janata Sahakari Bank Personal Loan, the Jalgaon Janata Sahakari Bank personal loan interest rate is, about the factors that affect the Interest Rate of the Jalgaon Janata Sahakari Bank Personal Loan, also described what a personal loan is and what a Jalgaon Janata Sahakari Bank Personal Loan is, about your documents to apply for the Jalgaon Janata Sahakari Bank Personal Loan. the Interest Rate of the Jalgaon Janata Sahakari Bank Personal Loan and also about the factors that affect the Interest Rates.

Assam Gramin Vikash Bank Personal Loan Purpose. Benefits, Features, Eligibility, Mode, Documents Required and Myths

Assam Gramin Vikash Bank Personal Loan | Purpose. Benefits, Features, Eligibility, Mode, Documents Required and Myths

Assam Gramin Vikash Bank Personal Loan: Assam Gramin Vikash Bank is a bank in India established in 2006. The bank has its headquarter in Guwahati, and the address is G.S. Road, Bhangargarh, Guwahati -781005. The bank has almost 814 branches across the state. The bank provides all financial services to its customers like saving deposits, fixed deposits, recurring deposits, loans, personal loans, net banking, RTGS, NEFT, IMPS E-wallet, RTGS, Car loan, bank loan, etc. The bank supports all the schemes like Jan Dhan Yojna, Atal Pension Yojana, Pradhan Mantri Suraksha Bima Yojana, and many more.

Curious to check other banks’ offered Personal loan features, eligibility, interest rates, tax benefits, and a repayment plan. Go with our one-stop Personal Loan Page & swipe out your doubts within no time.

Assam Gramin Vikash Bank

Purpose of Providing Personal Loan by Assam Gramin Vikash Bank

As the bank provides loans without keeping any collateral or property, it makes it easier for the customer to take loans in all sought of emergencies like payment of credit card bill, repayment of an existing loan, marriage in the family, household shifting, or any other business emergency trip. The bank provides Personal Loan Interest Rates, Personal Loans at -14% to 14.25%, which are very flexible.

Benefits and Features of Assam Gramin Vikash Bank Personal Loan

  • The process of personal loan application is fast and easy.
  • The loan approval process is quick.
  • No security is required for availing of a personal loan.
  • The maximum loan amount can be approved.
  • There are many discounts and special schemes for employees of large companies.
  • There are attractive and competitive interest rates.
  • There are various loan repayment options.

Eligibility To Apply for Assam Gramin Vikash Bank Personal Loan

  • Age: 21-58 years
  • Salaried /Self Employed with regular income.
  • Number of years in present job/business/profession: up to 3 years
  • Permanent employees of State /Central Government, Public sector undertakings, private sector companies, and reputed establishments.

Mode Of Application for Applying for A Personal Loan

Online mode: Personal loans can be easily applied from the website of bank by filling up all the necessary information and uploading all documents. The eligibility should be checked before applying for a loan.

Offline Mode: The loan can be applied by visiting any bank branch, along with all the required documents. After filling up the form available at the branch, the approval process can be started.

Documents Required for Personal Loan Approval At Assam Gramin Vikash Bank

  • Proof of identity: Passport, Voter ID, Driving License, PAN card, Aadhar Card, Government department Id card.
  • Duly filled up the loan application form with correct information.
  • Bank statement or bank passbook having entries of last six months
  • Proof of income – Income Tax Returns of 2 previous financial years.
  • Proof of income – Latest salary slip showing all deductions or Form 16 with recent salary certificate ( for salaried individuals)
  • Proof of Address – This includes the latest electricity bill /telephone bill / mobile bill, existing house lease agreement, latest credit card statement, etc
  • Photographs

Security Deposit for Applying for a Personal Loan

When it comes to security, cooperative banks are one of the banks that require no security deposit for issuing any kind of personal loan.

Loan Repayment Methods Available at Assam Gramin Vikash Bank

Any one of the following methods can be used to repay the loan.

  1. Mobile banking is provided by the bank.
  2. Through an internet banking solution.
  3. Standing instruction registration at the respective bank
  4. Automated Payment through ECS (Electronic Clearing Service )

Loan Repayment Options

The loan repayment generally starts from 12 EMI and can be done up to 60 EMI’S. The repayment period also differs from one person to another depending upon their credit score.

Myths Regarding Personal Loans

There Is A Need For Regular Income For Personal Loans

There are chances where you can get your loan approved even if you don’t have a regular income. Loan approval can be easily given to you if you are a joint holder with a regular income source.

Prepayment Of A Personal Loan Attracts A Penalty

It depends from one lender to another to charge a penalty on prepayment, and it has been generally observed that many lenders do not charge any penalty on prepayment.

Longer Loan Repayment Tenure Is Better

It is generally believed that longer loan repayment tenure is better, but it’s not true. Longer repayment tenure brings higher interest. This will make pay you interest for a longer period.

Hike In Interest Rate Increase Emi Of Personal Loan

When there is a hike in interest rate, loans generally obtained at fixed rate are not affected, but the loans obtained at the floating rate, then there is an increase in interest rates.

Interest Rates Are Not Negotiable

There is a general misconception that we cannot negotiate interest rates. Still, people with good income and good credit scores can negotiate interest rates with the lenders and get comparatively lower interest rate loans.

A Good Credit Score Can Easily approve a Personal Loan

Only a good credit score does not confirm a personal loan. There are many more factors, such as regularity of income, employer, employment type, etc., which the lender considers before loan approval.

Personal Loans Cannot Be Approved With A Poor Credit Score

If the credit score is poor, you can get a personal loan but is generally approved on higher interest rates. The loan also depends on other factors such as the borrower, age of the applicant, income of the applicant, etc. If major banks do not approve your loan, you may approve a loan from cooperative banks and NBFCs.

Various Reasons Why Personal Loan Is Rejected

  • Higher Loan Enquiries: The credit report asked by the credit bureau is called inquiry. The person should not make many queries even if it is free of cost. Too many queries lead to an effect on your credit score. The credit bureau considers such inquiries as hard inquiries and mentions in your credit report, which can lead to difficulty in your loan approval.
  • The Size Of Existing Debt: If the loan is already taken and the loan to net income ratio is above 40%, lenders can reject your loan application.
  • Poor Credit Score: A credit score defines the worth of any person. A credit score helps in determining the risk of default. Due to poor credit scores, personal loans can get rejected. Usually, a person with a credit score of less than 750 may face personal loan rejection. A credit score is generally seen by the lender while approving any loan.

Assam Gramin Vikash Bank Contact Details

  • Bank Official Website – Www.agvbank.co.in
  • Contact Numbers – 0361 – 2464107, 2131604/605/606, 9957183638, 9957183637, 9957183639
  • Email Id – Agvbank@yahoo.co.in
  • Total Branches – 814
  • Headquarter – Guwahati
  • Bank Address – G.s.road, Bhangagarh, Guwahati – 781 005
Baroda Gujarat Gramin Bank Personal Loan Features, Eligibility, Ways To Apply, Reasons, Verification Process

Baroda Gujarat Gramin Bank Personal Loan | Features, Eligibility, Ways To Apply, Reasons, Verification Process

Baroda Gujarat Gramin Bank Personal Loan: Baroda Gujarat Gramin bank is a financial institution in India set up on 12-09-2005. It has headquarters in Bharuch and deals with SkyLine constructing, second ground, near Shital visitor house, Bharuch-392 001, Gujarat. It has 238 branches throughout the state.

It provides all monetary offerings to its clients like saving deposit, fixed deposit, ordinary deposit, loans, non-public mortgage, net banking, RTGS, NEFT, IMPS, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, and many more.

The Baroda Gujarat Gramin Bank also has various other plans, like the Baroda Gujarat Gramin Bank Car Loan interest.

Want to compare Baroda Gujarat Gramin Bank Personal Loan with other bank personal loans for lowest interest rates and extra offerings? Just keep an eye on our Complete Guide on Personal Loan & choose the suitable bank to apply for the loan.

You can even apply for the Baroda Gujarat Gramin Bank credit card. In this specified article, we shall discuss all the topics related to the Baroda Gujarat Gramin Bank Personal loan and Baroda Gujarat Gramin Bank interest rate.

Baroda Gujarat Gramin Bank

Baroda Gujarat Gramin Bank Personal Loan Overview

This bank has a composure of 488 sectors in 22 regions and directs the path in various opportunities in the undertaking area. The vision of the bank is to develop as the. Regional Bank with Highest Ranking through the value in all regions of banking and monetary assistance with best strategies.

Baroda Gujarat Gramin Bank Features

  • Provides numerous deposit plans
  • Along with the competitive rate of interest and flexible withdrawal choice it offers an overdraft facility, ATMs, etc.

Baroda Gujarat Gramin Bank Personal Loan Eligibility Criteria

  1. Age: 21 to 58 years.
  2. The everlasting staff of relevant govt., public zone Undertakings, groups, private sector corporations, and reputed establishments.
  3. Salaried / Self-hired with everyday income.
  4. Number of years in the profession: up to 3 years
  5. CIBIL score: 750 and above
  6. Min Income: 25,000/-
  7. Occupation: salaried/self-employed

Baroda Gujarat Gramin Bank Personal Loan Documents Required

  • Filled and signed the application form for the loan.
  • Photographs
  • Proof of identification- Passport, Voter identification card, riding license, PAN card, Aadhar Card, authorities branch identification card
  • Evidence of earnings -modern-day revenue slip displaying all deductions or shape sixteen along with latest salary certificate (for salaried people)
  • Proof of profits- income Tax Returns of two previous financial years (for other than salaried people)
  • Evidence of deal with – bank account assertion, modern strength bill, contemporary cell/telephone invoice, brand new credit card declaration, present house rent agreement
  • Bank declaration of final six months.
  • Proof of Address: Rental authorization (with a minimum of 1 year of stay), utility bills, passport (to show your permanent residence address), and ration card.

Baroda Gujarat Gramin Bank Personal Loan Features

The Baroda Gujarat Bank has various benefits and features

  1. Most mortgage amounts
  2. A couple of loan compensation options
  3. Rapid & easy processing of personal mortgage application
  4. Short mortgage approval
  5. A guarantor isn’t insisted upon utilizing the bank
  6. Impressive & competitive interest prices
  7. Gives outstanding schemes and reductions for workers of big organizations
  8. Generally, no security is required for availing personal mortgage

Types of Personal Loan offered by the Baroda Gujarat Gramin Bank

  • Su-labh Personal Loan plan for Salaried individual
  • Baroda Gujarat Gramin Bank Gramin salary advantage saving Account
  • Baroda Gujarat Gramin Bank Gujarat Marriage Loan
  • Baroda Gujarat Gramin Bank Gujarat Loan Against Securities-
    1. National Savings Certificates
    2. Kisan Vikas Patra
    3. Life insurance policy
    4. Relief bonds
  • Loan against own deposit of the bank

Takeaways from the Article

This bank is a stable bank that gives personal loans at a decent rate of interest. Their loan characteristics are incredibly attractive. Hope this article helped you in knowing about Baroda Gujarat Gramin Bank’s documentation and other criteria in detail.

Depreciation Accounting – CS Foundation Fundamentals of Accounting Notes

Malwa Gramin Bank Personal Loan @ 16.40% | Features, Benefits, Eligibility Criteria, Documents Required, How To Apply?

Malwa Gramin Bank Personal Loan: The money is borrowed for a certain amount of time, and borrowers pay back the borrowed amount plus interest in regular, monthly installments over the “term” of the loan.

Personal loans come to one’s rescue when one is short of money. The Malwa Gramin Bank Car Loan interest rates are very competitive. They also provide other loan options such as Malwa Gramin Bank Gold Loan.

It is very easy to access Malwa Gramin Bank Personal Loans, and they are granted so fast that many people take personal loans often to meet expenses allowing them to meet their urgent expenses. This article helps the reader better understand details related to Loan applications and much more.

Curious to check other banks’ offered Personal loan features, eligibility, interest rates, tax benefits, and a repayment plan. Go with our one-stop Personal Loan Page & swipe out your doubts within no time.

Malwa Gramin Bank

Malwa Gramin Bank Overview

Malwa Gramin Bank is one of the leading Regional Rural Banks in India having Punjab National Bank, one of the premier banks in India as its Sponsor bank. The Central Government of India, vide its notification dated 21-12-2018, amalgamated

Malwa Gramin Bank has 81.28% of its branches in areas that are not urbanised thus helping in the growth of rural regions of Punjab by offering various attractive loan and deposit schemes. Punjab Gramin bank has a very strong base of foundation with a total business of more than Rs.18,400 Crores.

The Malwa Gramin Bank is a Cooperative bank that has its foundations in India. The bank has its headquarters in Sangrur. The Malwa Gramin Bank was founded on 27-02-1986.

The bank currently has a total of 74 branches spread all across the state. It provides various financial services to its customers, including saving deposits, recurring deposits, savings deposits, PPF accounts, home loans, personal loans, car loans, education loans, gold loans, PPF accounts, lockers, net banking, and mobile banking, RTGS, NEFT etc.

Malwa Gramin Bank Features

  • The maximum loan application is available for all applicants that match the criterias
  • The loan can be paid off in various methods, like with other mortgages and in various other methods
  • Loans can be paid off in installments, EMI method of payment is very helpful in rural areas where poorer people cannot pay huge amounts at a single time.

Malwa Gramin Bank Personal Loan Features

  • Maximum loan amount: The borrower can avail of the full amount of loan allowed by the bank. This helps a lot in crises when someone requires a substantial amount of money and wants to avail of a Personal loan.
  • The bank does not insist upon a guarantor: The approval of the personal loan does not need another person as guarantor to be present and to be held accountable if the borrower fails to pay for the money.
  • Attractive & competitive interest rates: A personal loan of a certain amount of money borrowed for a particular time will charge the borrower an interest rate of 16.40 per cent. However, this interest rate changes with the amount of money borrowed and the time that it is borrowed for.
  • The bank offers special schemes and discounts for employees of large companies: Malwa Gramin Bank offers special schemes with a more extended time for a personal loan to employees of big MNC companies.
  • Usually, no security is required for availing the personal Loan: No security payment or mortgages for a sense of security for the personal loan is asked of by the bank for the Personal loan.

Malwa Gramin Bank Personal Loan Eligibility Criteria

  • Age: 21 to 58 years.
  • The borrower needs to be a permanent employee of State/Central Govt., Public Sector Undertakings, Corporations, Private Sector Companies and reputed establishments.
  • Salaried / Self – Employed with regular income.
  • The borrower has to be employed for a minimum period of three years to be eligible for the loan.

Malwa Gramin Bank Personal Loan Documents Required

  • The signed and filled up personal loan application form with the necessary details. One must also make sure that the details the borrower has filled in are accurate.
  • Photographs of the passport size need to be submitted to the bank branch along with the signed loan application. Mostly the bank requires more than one copy of the current photograph.
  • Proof of identity for the person who is asking for the loan. Viable proofs of identity include Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card.
  • The borrower has to provide a proof of his income, i.e. his salary certificate along with the latest salary slip.
  • Proof of income- Income Tax Returns of 2 previous financial years (for other than salaried individuals)
  • Proof of Address – Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
  • Bank Statement or Bank Pass a copy of the PassBook of the bank one has an account in having entries of the last six months.

How to Apply for Malwa Gramin Bank Personal Loan?

Online Method

One can apply for Malwa Gramin Bank Personal Loan by following these easy steps detailed below.

  • Step 1: Visit the bank website, find the personal loan option, and select the option for Malwa Gramin Bank Personal Loan. Click on apply, and a new screen will open.
  • Step 2: A new screen will open, which is essentially a form. The form needs to be filled up with essential details like name, address and other personal information.
  • Step 3: After putting in the personal details, one has to click on apply for a loan. After this, a new window opens where one has to put in other essential information like account numbers and the documents needed for loan approval. Finally, after double-checking the information, click on submit to submit your loan demand.

Offline Method

It is not just the online method via which one can apply for a loan. For the offline method, the borrower needs to visit any Bank branch, fill out the form with all the essential required details, and submit it with whatever documents are required.

Reasons for Malwa Gramin Bank Personal Loan Rejection

  • Poor Credit Score: Credit Score defines the borrower’s credibility to repay the loan, and thus a low credit score will lead to cancellation of loan proposal.
  • Higher size of existing debt: A borrower’s loan application can be rejected by the bank if the borrower already has a big existing debt.

Types of Personal Loans Offered by Malwa Gramin Bank

  • Crop Loan
  • Four-Wheeler Loan
  • Two-Wheeler Loan
  • House Loan
  • Education Loan

Myths about the Malwa Gramin Bank Personal Loan

  • Prepayment of a private mortgage always draws Penalty: It is a myth that if one pays the price of a private mortgage in advance it extracts a penalty. It depends absolutely upon lenders to be able to charge any penalty on prepayment.
  • Lengthy Private Loan Reimbursement Term is favorable: It is not true that the longer reimbursement term the greater the rate of interest.
  • Your loan application is denied if you do not have a regular income: It is a myth that if one does not have a steady source of income, the loan might not get approved. Loan permission can be granted if one adds a joint owner that has a steady source of income.
  • Interest Rates are not flexible: The rate of interest charged for private loans differs from client to client. Clients with good credit counts and a decent portfolio can negotiate interest rates and can get comparatively poorer rates of interest in loans.
  • Decent Credit value ensures acceptance of a personal loan: Holding a favorable credit total does not assure private loan authorization as it is not the only criteria one has to fulfill to get a personal loan. There are various other condition that is assessed during the loan authorization procedure

Conclusion on Malwa Gramin Bank Personal Loan

Thus, this concludes the article detailing personal loans and, in particular, Malwa Gramin Bank Personal Loan. It is very integral to understand the basics and intricacies of the methods to apply for personal loans. This article details a few of the important things to know and understand in order to apply for a personal loan.

The Mapusa Urban Coop Bank of Goa Ltd Personal Loan

The Mapusa Urban Coop Bank of Goa Ltd Personal Loan @ 12.5 to 13% | History, Documents Required, How To Apply? Repaymnet and Interest Charges

The Mapusa Urban Coop Bank of Goa Ltd Personal Loan: Mapusa Urban Cooperative Bank Of Goa Ltd is an Indian cooperative bank. The company’s headquarters are in Mumbai. On December 9, 1965, the Mapusa Urban Coop Bank Of Goa Ltd was established. There are 23 branches in all. Besides accepting deposits, the bank also offers vehicles, gold, business, and housing loans.

It serves Indian citizens. The major goal of this bank was to give low-cost loans to small business owners, craftsmen, professionals, and the middle class in the region where it operated.

Curious to check other banks’ offered Personal loan features, eligibility, interest rates, tax benefits, and a repayment plan. Go with our one-stop Personal Loan Page & swipe out your doubts within no time.

With the launch of the first branch, this goal was fully realised, and the company progressively built a strong foundation by serving the people of Goa, Daman & Diu through its several branches in Goa.

This article will help you find Mapusa Urban Coop Bank Of Goa Personal Loan Interest rate Mapusa Urban Coop Bank Of Goa Loan subsidy, Mapusa Urban Coop Bank Of Goa Loan rate.

The Mapusa Urban Coop Bank of Goa Ltd

The Mapusa Urban Coop Bank of Goa Ltd Overview

Soon after the freedom of Goa, when the co-operative movement was just getting started, a group of roughly 27 notable individuals of Mapusa founded “The Mapusa Urban Co-operative Bank Ltd,” a co-operative banking institution. It was founded on December 9, 1965.

On the auspicious day of Gudi Padwa, March 23, 1966, this Urban Bank opened its first branch in the little town of Mapusa. The mother of invention is need.

The socio-economic conditions in place at the time were ideal for establishing a local Urban Co-operative Bank that might contribute to the socio-economic upliftment of the people of Mapusa in particular, as well as the inhabitants of Goa, Daman, and Diu as a whole.

The pioneering attitude of these renowned and ardent pioneers inspired the people of Goa greatly. Personal Loan Purpose at Mapusa Urban Coop Bank Of Goa Ltd

A variety of financial demands can be met, such as a vacation overseas, home relocation, family marriage, credit card bill payment, current loan repayment, medical emergency, etc., without worrying about retaining any collateral or property.

How to Apply for a personal loan from the Mapusa Urban Coop Bank Of Goa Ltd?

  • Online Application Process: Fill in your personal and job details on the Bank website and upload the required documents to apply online. You may then apply after checking your eligibility.
  • Offline Application Process: You can go to any Mapusa Cooperative Bank branch along with the necessary documents to begin the loan approval process. The provision of security is not usually required for the acquisition of a personal loan.

The Mapusa Urban Coop Bank of Goa Ltd Personal Loan Documents Required

  • Photographs and proof of residency
  • Salary Certificate of Sureties and photographs.
  • Statements of Account/Income Tax Returns that have been audited

Note: Photographs should be of a properly completed and signed personal loan application form

Passport, voter ID card, driver’s licence, PAN card, Aadhar card, and government department ID card

  • Proof of income: showing all deductions showing most recent pay stub (for salaried individuals)
  • income tax returns from the previous two fiscal years are required (for other than salaried individuals)

About Personal Loan Repayment in the Mapusa Urban Coop Bank Of Goa Ltd

The amount of the loan is usually determined by the applicant’s repayment capabilities. For salaried individuals seeking a loan, a maximum of 7 years time period is given for repayment of the loan, For Non-Salaried loan takers, 5 years is the maximum allowed time period.

For businessmen, up to Rs. 1 lakh is available. Up to 60 installments can be made on personal loans. The first installment is 12 EMIs. Your credit score also determines how long you have to repay the loan.

About Interest Rate On Loans and Advances in the Mapusa Urban Coop Bank Of Goa Ltd

  • accommodations: Up to Rs. 15 lakhs in housing – salaried: 12.00 percent
    Above Rs.15 lakhs to Rs.25 lakhs – salaried: 13%
  • Loan for a Car
    Up to Rs. 5 lakhs – 12.50 percent (maximum 5 years)
    Above Rs. 5 lakhs — 13.00 percent (maximum 5 years)
  • A vehicle that has been previously owned
    15.00% if the model is less than 5 years old.
    Maximum of 5 years for two-wheelers: 13.00 percent
  • Repairing Your Home 7 years of salary: 14.50 percent
    Non-Salaried 15.50 percent for a maximum of 5 years
  • Government employee/salaried
    Direct Salary Deduction: 13.00 percent
    13.50 percent against the PDC/ECS mandate The maximum amount you may pay is INR 5 lakhs. 7 years maximum
  • Loans for Individuals
    if you’ve been employed for at least seven years, you’ll get a 15.50 percent raise.
  • Non-salaried: 16.50 percent (up to INR 1 lakh for businessmen).
    Small businesses, retail trade, and transportation are all examples of small businesses.
  • Maximum 5 years: 14.00 percent up to INR 5 lakhs
  • Max 5 Years: INR 5 lakhs to INR 10 lakhs Mx 5 Years: INR 5 lakhs to INR 10 lakhs Max 5 Years: INR 5 lakhs to 14.50 percentage point
    More than INR ten lakhs 15.50 percent for a maximum of 5 years
    Max 3 Years in the Rent a Bike Business: 14.00%
  • Important Characteristics of advances:
    On a daily declining balance, interest is imposed.
  • Interest Rates That Are Attractive
  • Documentation is simple.
  • Loan payback by post-dated check, salary deduction, or ECS mandate @ Rs. 7/- per thousand + service tax
  • Approval of a Loan in a Short Time

Takeaways from this article

Small company owners, entrepreneurs, government employees, housewives, and others love the bank. The Bank has established a Special Scheme for paid individuals and has completely redesigned the process for government, semi-government, and business personnel to obtain loans quickly.

The system entails the prompt creation of Savings Bank Accounts by the concerned workers, into which their wages are deposited on the applied date, allowing the employee to get loans to cover the costs of white goods and other needs. The salaried class has embraced this program with open arms.

Nagaland Rural Bank Personal Loan @ 9.99 % | Features, Eligibility Criteria, Documents Required, Interest Rates and Charges

Nagaland Rural Bank Personal Loan @ 9.99 % | Features, Eligibility Criteria, Documents Required, Interest Rates and Charges

Nagaland Rural Bank Personal Loan: The Nagaland Rural Bank is one of the popular banks in India. This bank offers a Personal Loan. In this article, we have highlighted the Nagaland Rural Bank Personal Loan details. We will tell you about the Nagaland Rural Bank Head Office.

We will tell you what the Nagaland Rural Bank Net Banking is and what the personal loan interest rates of the bank are. We will notify you about the Interest Rate of the Nagaland Rural Bank Personal Loan and the various factors that affect the Interest Rate of the Nagaland Rural Bank Personal Loan.

We will tell you what the Document Charges are for the Nagaland Rural Bank Personal Loan and the Service Charges for the Nagaland Rural Bank Personal Loan.

Want to compare Nagaland Rural Bank Personal Loan with other bank personal loans for lowest interest rates and extra offerings? Just keep an eye on our Complete Guide on Personal Loan & choose the suitable bank to apply for the loan.

We will also tell you about the documents you must have to apply for the Nagaland Rural Bank Personal Loan. We will also tell you about the eligibility criteria that a person needs to fulfill to apply for the Nagaland Rural Bank Personal Loan. So let us begin.

Nagaland Rural Bank

What is Personal Loan?

A Personal Loan is just another sort of a regular loan. It does not require any security or any collateral. A personal loan is the only type of loan that is offered with a minimum number of documentation.

What is the Nagaland Rural Bank Personal Loan?

The Nagaland Rural Bank was formed on the 30th of March in 1983. The head office of the Nagaland Rural Bank is located in Nagaland. The Nagaland Rural Bank offers a scheme of personal loans known as the Nagaland Rural Bank Personal Loan.

Nagaland Rural Bank Personal Loan Features

Here we have some of the unique features of the Nagaland Rural Bank Personal Loan. The age range of the Nagaland Rural Bank is between 21 to 54 years. The CIBIL score is required to be 750 or more than it.

The interest rate levied in the case of the Personal Loan provided by this bank is 9.99 % per annum.

There is no lowest or minimum EMI for the Nagaland Rural Bank Personal Loan. The tenure of the Nagaland Rural Bank Personal Loan is for up to 60 months. The processing fee for the Nagaland Rural Bank Personal Loan is between 1 % and 2 % of the loan amount.

The Nagaland Rural Bank Personal Loan does not have prepayment charges. The Nagaland Rural Bank Personal Loan also does not have part payment charges. The minimum loan amount that a person can apply for is Rs 50 000. The maximum loan amount that a person can apply for is Rs 5 00 000.

Nagaland Rural Bank Personal Loan Benefits

  • The first significant advantage of applying for the Nagaland Rural Bank Personal Loan is that it has easy disbursal.
  • The second significant advantage of applying for the Nagaland Rural Bank Personal Loan is that it involves easy processing.
  • The third significant advantage of applying for the Nagaland Rural Bank Personal Loan is that no guarantor is essential.
  • The fourth significant advantage of applying for the Nagaland Rural Bank Personal Loan is that the processing time essential for the personal loan is 2 to 3 days only.
  • The fifth significant advantage of applying for the Nagaland Rural Bank Personal Loan is that both a self-employed person and a regular salary person can take the benefits of the Nagaland Rural Bank Personal Loan.

Nagaland Rural Bank Personal Loan Eligibility Criteria

  • To apply for the Nagaland Rural Bank Personal Loan, you must fulfil some eligibility criteria. The CIBIL score is required to be 750 or above.
  • The age limit for the loan is between 21 years and 54 years.
  • The minimum income to apply for the Nagaland Rural Bank Personal Loan is Rs. 18,000 per month.
  • The person applying for the Nagaland Rural Bank Personal Loan can be a self-employed person or a regular salary person.

Nagaland Rural Bank Personal Loan Interest Rate?

The Interest Rate imposed on the Nagaland Rural Bank Personal Loan is 9.99 % per annum.

Nagaland Rural Bank Personal Loan Other Charges

Some other charges are essential to apply for the Nagaland Rural Bank Personal Loan. You have to give a Nagaland Rural Bank Personal Loan Interest rate of 9.99 % per annum.

In addition to that of the personal loan, you have to give a Nagaland Rural Bank Personal Loan Processing Charge. The processing charge of the Nagaland Rural Bank Personal Loan ranges between 1 % and 2% of the loan amount.

The person applying for the Nagaland Rural Bank Personal Loan does not have to pay any amount as Prepayment Charge. There is no stamp duty charge for the Nagaland Rural Bank Personal Loan. There are no cheque bounce charges, penal interest, or floating rate of interest for the Nagaland Rural Bank Personal Loan.

Nagaland Rural Bank Personal Loan Documents Required

In order to apply for the personal loan, you will have to carry several significant documentations that are essential to apply for the Nagaland Rural Bank Personal Loan.

  • The first significant documentation you will have to apply for the Personal Loan is Proof of Identity. You can carry your driving license or a photocopy of your Passport, your Aadhar Card or your Voter ID Card.
  • The second significant documentation you will be required to have to apply for the Nagaland Rural Bank Personal Loan is the Proof of Residential Address. You can carry your Rent Agreement with at least one year of stay or your Utility Bills or Passport of your permanent residence. You can also carry your Ration Card.
  • The third significant documentation you will be required to have to apply for the Personal Loan is Proof of Income. You can carry the verification of Income Tax Returns of the previous two fiscal years or the recent salary slip of the last six months or the Bank Statement of the previous three months.
  • Last but not least, the person applying for the personal loan will be required to submit a duly filled and properly signed application form for the Nagaland Rural Bank Personal Loan when they apply for the personal loan.

Takeaway from this Article

In this particular article, we have given you information about the Nagaland Rural Bank Personal Loan, about the Nagaland Rural Bank Personal Loan interest rate and about what a Nagaland Rural Bank Personal Loan is.

Bharat Cooperative Bank Mumbai Personal Loan

Bharat Cooperative Bank Mumbai Personal Loan | Benefits, Eligibility Criteria, Documents Required and Interest Rates

Bharat Cooperative Bank Mumbai Personal Loan: The Bharat Cooperative Bank Mumbai Limited is one of the famous banks in India. This bank offers the Bharat Cooperative Bank Mumbai Personal Loan. In this specific article, we will give you the Bharat Co-operative Bank Personal Loan Interest Rate. ‘

This article will tell you what a personal loan is and what a Bharat Cooperative Bank Mumbai Personal Loan is. We will notify you about the Bharat loan online features. We will tell you what the charges are for the Bharat Cooperative Bank Mumbai Personal Loan.

We will notify you about the Bharat Bank Personal Loan eligibility. We will also tell you about your documents to apply for the Bharat Cooperative Bank Mumbai Personal Loan.

Want to compare Bharat Cooperative Bank Mumbai Personal Loan with other bank personal loans for lowest interest rates and extra offerings? Just keep an eye on our Complete Guide on Personal Loan & choose the suitable bank to apply for the loan.

We will also notify you about the eligibility criteria you need to fulfill to apply for the Bharat Cooperative Bank Mumbai Personal Loan. So let us begin.

Bharat Cooperative Bank Mumbai

What is a Personal Loan?

A Personal Loan is a specific type of loan. It does not require any collateral or any security. A personal loan is the only loan that is offered with the minimum amount of documentation.

What is the Bharat Cooperative Bank Mumbai Personal Loan?

The Personal loan offered by the Bharat Cooperative Bank Mumbai is known as the Bharat Cooperative Bank Mumbai Personal Loan.

Benefits of Applying for the Bharat Cooperative Bank Mumbai Personal Loan?

  • The first significant benefit of applying for the Bharat Cooperative Bank Mumbai is that you can use it for the maximum loan amount.
  • The second significant benefit of applying for the Bharat Cooperative Bank Mumbai is that there are multiple options for personal loan repayment.
  • The third significant benefit of applying for the Bharat Cooperative Bank Mumbai is the application of fast and easy processing of the personal loan.
  • The fourth significant benefit of applying for the Bharat Cooperative Bank Mumbai is that the Bharat Cooperative Bank Mumbai does not insist upon a guarantor.
  • The fifth significant benefit of applying for the Bharat Cooperative Bank Mumbai is that the interest rates are attractive and competitive.
  • The sixth significant benefit of applying for the Bharat Cooperative Bank Mumbai is that the Bharat Cooperative Bank Mumbai offers special discounts and special schemes for big companies’ employees.
  • The seventh significant benefit of applying for the Bharat Cooperative Bank Mumbai is the presence of quick loan approval.
  • The eighth significant benefit of applying for the Bharat Cooperative Bank Mumbai is that generally, no security is required to avail of the personal loan.

What Eligibility Criteria need to be Fulfilled to Apply for the Bharat Cooperative Bank Mumbai Personal Loan?

To apply for the Bharat Cooperative Bank Mumbai Personal Loan, you must fulfil some essential eligibility criteria.

  • The first eligibility criterion that needs to be fulfilled to apply for the Bharat Cooperative Bank Mumbai is that the person applying for the Bharat Cooperative Bank Mumbai Personal Loan must be between the age range of 21 years and 58 years.
  • The second eligibility criterion that needs to be fulfilled to apply for the Bharat Cooperative Bank Mumbai is that the person applying for the Bharat Cooperative Bank Mumbai Personal Loan should be a permanent employee of State Government Public Sector Undertakings or the Central Government Public Centre Undertakings.
  • The third eligibility criterion that needs to be fulfilled to apply for the Bharat Cooperative Bank Mumbai is that the person applying for the Bharat Cooperative Bank Mumbai Personal Loan is a regular salary person or a self-employed person with a stable income.
  • The fourth eligibility criterion that needs to be fulfilled to apply for the Bharat Cooperative Bank Mumbai is that the person applying for the Bharat Cooperative Bank Mumbai Personal Loan should have worked for a business, a profession, or a job for a minimum of three years and more.

What are the Interest Rate and other Charges Required for the Bharat Cooperative Bank Mumbai Personal Loan?

The interest rate and other charges required for the Bharat Cooperative Bank Mumbai Personal Loan depend on the bank’s branch. The pre-payment charges will be decided by the bank and will vary from time to time.

The maximum loan amount for the Bharat Cooperative Bank Mumbai Personal Loan is Rs. 5, 00, 000. The maximum loan tenure for the Bharat Cooperative Bank Mumbai Personal Loan is 60 months. The processing fee and charges will be as decided by the bank and will vary from time to time.

What are the Most Important Documents Required to Apply for the Bharat Cooperative Bank Mumbai Personal Loan?

Several important documents are required to apply for the Bharat Cooperative Bank Mumbai Personal Loan.

  • The first important document you will have to apply for the Bharat Cooperative Bank Mumbai Personal Loan is the Proof of Identity. You can carry your driving license or a copy of your passport as proof of identity to apply for a personal loan.
  • You can also take your Aadhar Card or your Voter ID Card as proof of identity to apply for Bharat Cooperative Bank Mumbai Personal Loan. You can also carry your government department ID Card as proof of identity to apply for the personal loan.
  • The second important document you will be required to have to apply for the Bharat Cooperative Bank Mumbai Personal Loan is a duly filled-up and properly signed application form for the personal loan.
  • The third important thing you will be required to have to apply for the Bharat Cooperative Bank Mumbai Personal Loan is photographs.
  • The fourth important document you will be required to have to apply for the Bharat Cooperative Bank Mumbai Personal Loan is the bank passbook or the bank statement of the last six months.
  • The fifth important document you will be required to have to apply for the Bharat Cooperative Bank Mumbai Personal Loan is the Proof of Income.
  • You can carry your latest salary slip or the Income Tax Returns of the last two years as proof of Identity to apply for a personal loan.
  • You can also bring your latest salary certificate as proof of income to apply for Bharat Cooperative Bank Mumbai Personal Loan.
  • The sixth important document you will be required to have to apply for the Bharat Cooperative Bank Mumbai Personal Loan is the Proof of Address.
  • You can carry your latest electricity bill or your latest telephone bill as proof of address to apply for a personal loan.

The Takeaway from this Article

In this specific article, we have given you the details about the Bharat Cooperative Bank Mumbai Personal Loan, the Bharat Cooperative Bank Mumbai personal loan interest rate is, about the factors that affect the Interest Rate of the Bharat Cooperative Bank Mumbai Personal Loan.

We described what a personal loan is and what a Bharat Cooperative Bank Mumbai Personal Loan is, the Interest Rate of the Bharat Cooperative Bank Mumbai Personal Loan and also about the factors that affect the Interest Rates.

Punjab Gramin Bank Personal Loan | How To Apply?, Purpose, Documents Required, Eligibility Criteria, Types of Loans

Punjab Gramin Bank Personal Loan | How To Apply?, Purpose, Documents Required, Eligibility Criteria, Types of Loans

Punjab Gramin Bank Personal Loan: Punjab Gramin Bank helps rural people so that they can uplift their living standards. The three districts of Punjab have around 264 branches of Punjab Gramin Bank. You’ll be offered different types of deposits and loan schemes from this bank.

Curious to check other banks’ offered Personal loan features, eligibility, interest rates, tax benefits, and a repayment plan. Go with our one-stop Personal Loan Page & swipe out your doubts within no time.

Punjab Gramin Bank

Punjab Gramin Bank Personal Loan Purpose

These personal loans are primarily helpful for financially weak people and living in rural areas. The primary purpose of providing personal loans is to help the borrower meet all personal needs. There could be many reasons for a person who’s applying for a loan, like for children’s education expenses, medical expenses, wedding expenses, or even travel (domestic and foreign) expenses.

Punjab Gramin Bank Personal Loan Key Points

  • The minimum age required for this personal loan is 21, and the maximum age required for this personal loan is 58.
  • The one applying for this loan should have a CIBIL score of 750 or greater than that.
  • 9.99% per annum is an approximate interest rate for Punjab Gramin Bank Personal Loan.
  • The repayment period for the loan could be 12 months to 60 months.
  • The Processing fees for Punjab Gramin Bank are around 1% to 2%.
  • The bank decides the prepayment charges for the loan.
  • The bank also decides the part payment charges for the loan.
  • The minimum loan amount provided by this bank is Rs. 5000.
  • The maximum loan amount provided by this bank is Rs. 4 Lakhs or 20 times the salary.

Punjab Gramin Bank Personal Loan Eligibility Criteria

  • The one applying for this loan must have a CIBIL score of 750 or above.
  • The minimum age required for this personal loan is 21, and the maximum age required for this personal loan is 58.
  • One should have a minimum income of around Rs. 15,000 to Rs 25,000, then only eligible for this loan.
  • It would help if you were a Salaried/ Self-Employed/ Pensioner.

Punjab Gramin Bank Personal Loan Documents Required

  • One requires a Copy of Passport, Driving License, Aadhaar Card, Voter ID Card as identity proof.
  • For proof of address, one can submit the documents: Rent Agreement (Min. 1 year of stay), Utility Bills, Proof of permanent residence, Ration card, Bank Account Statement, Latest Credit Card Statement.
  • When applying for a loan, your income proof is a must, and you can submit the following documents like income proof.
  • ITR: Last two financial years( For self-employed), Salary Slip of Last six months for Salaried Employees, Bank Statement of last three months.

Punjab Gramin Bank Personal Loan Processing Time

  • Fast processing
  • It needs less paperwork
  • A processing fee may vary and can be asked by the bank

How to Login in Punjab Gramin Bank Portal?

  • You have to visit the official website of Punjab Gramin Bank.
  • You can see the login button on the top right corner of the page. Click on it.
  • You can now use your mobile number, username, and password for login.

Punjab Gramin Bank Customer Care

There are four ways for contacting the Punjab Gramin Bank customer, and they are as follows:

  • By Phone: You can call Punjab Gramin Bank on 1800-180-7777 (toll-free)
  • Callback Request: You can also request a call back by visiting the bank’s website
  • Online Chatbot: You can also get your queries answered by the iPal chatbot online
  • Branch Visit: You can see the nearby Punjab Gramin Bank branch to get your queries.

How to Apply for Punjab Gramin Bank Personal Loan?

If you are willing to apply for a loan in Punjab Gramin Bank, then kindly visit the website of this bank.

Punjab Gramin Bank Personal Loan Application Status

The points mentioned below must be followed when one is checking their Punjab Gramin Bank Personal Loan

Application Status:

  • Visit the bank branch personally where you had applied for the loan and give the loan officer your loan application details.
  • Visit the website of Punjab Gramin Bank and fill in your loan details.
  • Send your loan details to the bank via email.
  • Through the I-mobile app of the bank
  • These methods enable you to track your loan status easily.

Punjab Gramin Bank: Repayment as Equated Monthly Installments (EMI)

Any one of the following methods can be used to repay the loan:

  • Standing instruction registration at your bank
  • Through Internet Banking solution
  • Automated Payment through ECS (Electronic Clearing Service)
  • Through Mobile Banking App, if provided by the bank

Different Personal Loan Offers by Punjab Gramin Bank

Home Loan

This bank also offers a home loan. The eligibility criteria are discussed below;

  • The one applying for this loan should have a minimum age of 21 years, and the maximum age should be 60 years.
  • If you have a regular income then only, you should apply for a home loan.
  • Earn more than the required monthly income.

Personal Loan for Government Employees

The Punjab Gramin Bank provides personal loans to all government employees. The amount of personal loans depends on the company you are working in.

Education Loan

  • If you are studying in India, you’ll be offered around 10 lac rupees education loan. And if you are studying abroad, you’ll be offered around 20 lac rupees education loan.
  • Four lakhs rupees is the loan limit for education loans.

Personal Loan for Pensioners

If you are a pensioner, you would be asked for a processing charge.

For Pensioners, the personal loan interest rate is quite affordable.

Personal Loan Balance Transfer

If you are transferring the sum to another institution, it’s known as a Personal Loan balance transfer.

The interest rate for personal loan balance transfer is relatively low.

It also provides the facility of long repayment tenure.

Top 3 Reasons of Rejection of Personal Loan Application in Punjab Gramin Bank

  • Poor Credit Score: When there is a calculation of the creditworthiness of any person, then the credit score is used. Your credibility to repay the loan without mistakes is also determined using a good credit score. The lenders also use a credit score to assess the risk of default. Mainly lenders reject your loan application based on your poor credit score. You should be careful if you have a credit score less than 750 because you can face personal loan rejection problems.
  • Higher Size of Existing Debt: The lender may reject your loan application if you have already taken a lot of loans and the loan to net income ratio is above 40%
  • Higher Loan Enquiries: Inquiry means when you are applying for credit and asking for your credit bureaus’ credit report.

Such inquiries are considered hard inquiries by the credit bureau, and it’s also mentioned in your credit report.

If inquiries are available free of cost, you should not make too many inquiries. Too many inquiries hurt your credit score.

Conclusion on Punjab Gramin Bank Personal Loan

That’s all we can discuss Punjab Gramin Bank Personal Loan in our article. If you are looking for a personal loan in this bank, we hope this article will be helpful and informative. If you found it informative and helpful, then share it with your friends and families too. We would like to see your reviews too.

Dombivli Nagari Sahakari Bank Personal Loan @ 11.95% Schemes, Documents Required, EMI Calculator and Rate of Interest

Dombivli Nagari Sahakari Bank Personal Loan @ 11.95% | Schemes, Documents Required, EMI Calculator and Rate of Interest

Dombivli Nagari Sahakari Bank Personal Loan: A bank loan is a major part of citizenship. Personal loans are important for all people, regarding many sorts of investments like purchasing electronic gadgets, or for starting a business, sometimes for home loans, or for investing in children’s education.

People, who suffer from undergoing economical crunches, can get a lot of facilities, provided by Dombivli Nagari Sahakari Bank under several schemes. The schemes are designed masterfully, so that needy man can get help easily, on various occasions mentioned earlier.

Curious to check other banks’ offered Personal loan features, eligibility, interest rates, tax benefits, and a repayment plan. Go with our one-stop Personal Loan Page & swipe out your doubts within no time.

This content will explore some crucial matters including loan calculation of this bank, the interest rate of purchasing motorcycle and Dombivli Nagari Sahakari bank rate of interest for other purposes.

Dombivli Nagari Sahakari Bank

Schemes of Personal Loans Given by Dombivli Nagari Sahakari Bank

Utsav Loan Scheme provided by DNS Bank

  • Purpose- In this scheme, a personal loan is given to individuals for purchasing electronic gadgets like television, refrigerator, air-conditioner, microwave oven, pc, water heater and all consumer durable items including a motorcycle.
  • Eligibility- The consumer has been employed by a govt. or non-govt. job, or must be a self-employed person. This is all that the eligibility criteria need.
  • Loan limit- One can lend the maximum amount of Rupee 1lacs according to Indian currency.
  • Minimum Net Salary- It is as mentioned by the bank’s criteria.
  • Citizenship- The individual must be a citizen of India and should live in the country.
  • Age- This criterion will be mentioned by the Dombivli Nagari Sahakari bank itself.
  • Repayment schedule- The consumer must repay the loan he has taken within thirty-six months.
  • Guarantors- There should be two guarantors with the consumer if he cannot repay the money within time. This is absolutely necessary for the scheme.
  • Security- The security the bank will provide under this scheme, is the hypothecation of the purchased article.

Subidha Loan Scheme provided by Dombivli Nagari Sahakari Bank

  • Purpose- This loan is provided on the purpose of repaying old debts, in some ceremonial purposes, like opening a new business, or for children’s marriage or education, for medical expenses, for tourism loans and etc. There may be other reasons and certainly those would be acceptable to the bank acceptable to the bank.
  • Eligibility- Any individual can have the opportunity to have this bank loan. Indian citizenship is necessary.
  • Loan Limit- This scheme will provide the maximum amount of Rupees 5 lacs according to the Indian currency.
  • Minimum Net Salary- This amount would be set by the bank itself.
  • Citizenship- The consumer must be a residential citizen of India.
  • Age- This criteria would also be set by the bank itself.
  • Repayment Schedule- The amount must be repaid within sixty months maximum under this scheme of personal loan.
  • Guarantors- There should be two guarantors minimum in case the borrower fails to repay the money within the given time.
  • Security- The security provided by this scheme is a Group Insurance in the name of the borrower/co-borrower. The amount is equivalent to the loan amount.

Documents Required for Dombivli Nagari Sahakari Bank Personal Loan Application

  1. KYC Documents
  2. Income papers like, for business person copy of latest ITR (if ITR of year 2019-20 is unavailable, ITR of 2018-19vcan also be provided), and for salaried individuals, copies of latest three months salary slip is to needed.
  3. If the borrower cannot fill the ITR, then s/he must submit the declaration of his/her income.
  4. Proof of address like, voter card, passport, Aadhar card, Ration card etc are to be needed.
  5. As a document of age, one needs to submit his/her birth certificate.
  6. As an identity proof, one needs to submit voter card, Aadhar card, Ration card and etc.
  7. And the borrower’s passport size photograph is also needed.
  8. The borrower absolutely must be a resident citizen of India.

All about the Rate of Interest

For the case of Utsav Loan Scheme, the rate interest for both sexes is 11.95%. And for the case of Subidha Loan Scheme, the rate of interest is also 11.95% for applicant of both sexes. It is quiet convenient for men and women to take the privilege of borrowing money under the schemes of Utsav Loan Scheme and Subidha Loan Scheme.

EMI Calculation for Dombivli Nagar Sahakari Bank’s Personal Loan

The calculation procedure may be easily understandable if there is an example. Let’s imagine that a person lends the amount of Rs.50,000 at an interest rate of 10% p.a. for a tenure of 1 year. The processing fee is 1% of the loan is availed by the customer. For the repayment scale of twelve months, with the addition of processing fee, rate of interest over the principal amount, that person will have to pay Rs.4,395.

More About Dombivli Nagari Sahakari Bank’s Personal Loan Details

  • The processing fee is Rs.500, as per the previously mentioned in the columns.
  • There may be some other foreclosure charges would be mentioned by the bank itself. One must prepare him/herself on that account, on borrowing money.
  • There must be two guarantors with the borrower, in case it is not repaid. So, their details are also very necessary and crucially important.
  • The loan amount would be received by the borrower in his/her bank account that had been mentioned in the loan application form.
  • The applicant can apply from a nearest branch of Dombivli Nagari Sahakari bank, or from the branch where the person holds a valid account.
  • Security terms are as they are previously mentioned.
  • A GST rate of 18% will be applicable on banking services and product is applicable from 01 July, 2017. So, for this purpose, it also would be applicable.
  • The rate of interest is 11.95% for both sexes, and both both schemes of having personal loan under Dombivli Nagari Sahakari Bank.
  • The borrower must be a residential citizen of India.
  • The documents are necessarily to be submitted as a proof and record of identity and address. Aadhar card, voter card, birth certificate, passport, ration card and passport size photos are absolutely necessary.
  • The terms and conditions regarding the salary of the borrower would be mentioned by the Dombivli Nagar Sahakari Bank itself.

So, Dombivli Nagari Sahakari Bank offers personal loans with attractive interests. It can be helpful to consumers a lot, for health, ceremonial, educational and other purposes like to be free of debts, and purchasing some new gadgets essential for household and daily city life.

So, this article may successfully serve the work of attracting people to have the opportunity to have the privilege of this outstandingly interesting and attractive scheme.

So, the citizens of India who now undergo much economic turmoil due to the pandemic and other reasons may try out through these schemes of personal loans. After all, the bank serves citizens with lots of convenient ways to reach out economical stability.

The schemes are under security services, so people can avail themselves of those trustfully without hesitations. After all, being freed from loan debts is moving towards a secure future.

Janata Sahakari Bank Personal Loan | Characteristics, Documents Required, Benefits and Eligibility Criteria

Janata Sahakari Bank Personal Loan | Characteristics, Documents Required, Benefits and Eligibility Criteria

Janata Sahakari Bank Personal Loan: Janata Sahakari Bank offers all monetary benefits recurring deposit, net banking, personal loan, education loan. Car loan, etc.

The chief purpose of the bank is to assure that finance is given to the economically backward category of the community. Personal loans can be utilised for a lot of reasons! Whether one requires budgets for a wedding, for a medical crisis, or to renovate & glorify the house to a fantasy residence.

If you are looking for any bank to take a loan without getting anxious about holding any collateral, Janata Sahakari Bank is suitable for you.

This article has the details of Documents needed for Janata Sahakari Bank Personal Loan, loan eligibility for Janata Sahakari Bank Personal loan, Features, and purposes of Janata Sahakari Bank personal loan, etc.

Want to compare Janata Sahakari Bank Personal Loan with other bank personal loans for lowest interest rates and extra offerings? Just keep an eye on our Complete Guide on Personal Loan & choose the suitable bank to apply for the loan.

Janata Sahakari Bank

Janata Sahakari Bank Personal Loan Aim

Its main aim is to fulfill all kinds of monetary requirements like a vacation outing, home shifting, wedding credit card bill payment, reimbursement of a prevailing loan, medical crises, and several others.

Janata Sahakari Bank Personal Loan Eligibility

  • Age needs to be between twenty-one to fifty-eight years.
  • Needs to be Stable workers of State or Central Government or esteemed establishments.
  • Needs to have regular income whether the person is salaried or self-employed.
  • Working experience at the current job should be at least three years.

Janata Sahakari Bank Personal Loan Documents Required

  • Signed and filled up an application for a personal loan.
  • Passport size Photo
  • identity proof like Passport, Voter ID, driving approval license, Aadhar card, etc. is needed.
  • Income evidence, the recent earnings receipt showing all records or Form 16 with a recent income statement for salaried persons is needed.
  • Address proof- Bank statement declaration, electricity bill recent, mobile recent bill, etc. is needed.
  • Bank declaration having updates of recent 6 months.

Reimbursement of Personal Loan at Janata Sahakari Bank

60EMIs is the permitted limit for reimbursement of personal loans and it begins from 12EMIs. And this entire reimbursement produce relies on the credit value.

Characteristics and Benefits Janata Sahakari Bank Personal Loan

  • Supplies maximum loan payment
  • Offers many loan reimbursement choice
  • Generally, no assurance is needed for taking a personal loan
  • The quick and uncomplicated process of a personal loan petition is available
  • A guarantor is not asserted up by the bank
  • Impressive and active rate of interest
  • Gives unique policies and deals for workers of big firms
  • Term of the loan: 60months (about 5 years) is the maximum term

Reasons for Preferring Janata Sahakari Bank Personal loan

  • Reasonable interest rate
  • Processing expense is low
  • Security is not needed
  • No limitation on use
  • Can prepay the loan amount

Reasons for Personal Loan Rejection

The low credit value can be a reason for the rejection of a loan as credit value shows the credit reliability of the person. Thus, good credit value shows that the person can repay the loan without default while low credit value leads to the rejection of the loan application. A higher value of the prevailing loan reduces the chance of getting a new loan.

Individuals who can take Janata Sahakari Bank Personal Loan

  • Salaried workers
  • Self-employed people
  • Professionals with steady earning
  • Business people

Myths about Personal Loan from Janata Sahakari Bank

Some Myths about taking a Personal Loan from the Janata Sahakari Bank are:

The low-interest rate for a personal loan is best: It is not always correct as many other factors are also important while selecting a lender for a loan. Factors like tenure of the loan, processing expense, reimbursement term, eligibility of the amount of loan sanctioned, etc. play key a role in the loan selection process.

Pre-Payment of loan captivate penalty: It is not always correct as it relies upon the one lending to charge any prepayment liability as in some cases lender might not charge any prepayment liability.

The rise in the rate of interest increases monthly installments: This is not right as the loan was ta a taken at a fixed interest rate would not change and for a loan with a floating rate, if the person does not want monthly installment to increase, then he or she choose an increase in the term.

Loan application gets rejected if the individual does not have regular earning: This is not fully correct as a loan can be supplied if the applicant adds a joint holder.

There is a belief that a higher loan payment term is preferable as the person will have to pay lower monthly installments but it is not correct as longer-term loan payment brings rise to high rate of interest and interest needs to be paid for a longer-term.

Only people with salaried jobs can apply for personal loans: It is a popular notion that only individuals doing salaried jobs having a fixed income can apply for personal loans.

But somebody who is self-employed and an industry possessor can also take personal loans. Instead of the profession, the credit conclusion is led by the person’s borrowing ability and ability to pay the loan in time.

A person with low credit total cannot get a personal loan approved: Credit score Is just one of the several factors responsible for loan approval and several other components play a key role in the loan approval procedure, some of them are the age of the applicant, earning, income, job category, etc.

Conclusion

If one wishes to apply for a personal loan, knowing the interval and documentation is an essential factor in applying for any loan.

This specific article will help you in knowing more about Personal loans given by Janata Sahakari Bank, it’s the rate of interest, goals and as eligibility norms, documents needed, etc. The bank is incredibly glad to cater to the monetary needs of the public

It has several repayments options along with an impressive rate of interest which is a constructive factor in the case of a personal loan.

This article is meant to familiarize you with the features of a personal loan so that it can be simple for an individual to choose a purposeful loan suitable to meet their needs. No matter what the monetary purposes are Kalyan Janata Sahakari Bank’s loan gives you a right result.

FAQ’s on Janata Sahakari Bank Personal Loan

Question 1.
What is meant by Janata Sahakari Bank Personal loan?

Answer:
Janata Sahakari Bank Personal loan can be taken from Janata Sahakari Bank which is an unsecured loan, used to deal with any kind of monetary necessity.

Question 2.
What is the monthly installments in Janata Sahakari Bank Personal loan?

Answer:
EMI is the money amount that a person borrowing the money needs to reimburse every month to the bank to pay off the obligation within a particular term.