Loan

Punjab And Sind Bank Personal Loan @ 11.5% | Eligibility, Highlights, EMI Calculator, Documents Required

Punjab And Sind Bank Personal Loan @ 11.5% | Eligibility, Highlights, EMI Calculator, Documents Required

Punjab And Sind Bank Personal Loan: Punjab And Sind Bank were mobilised on 15th April 1980. It was not the only bank mobilised on the 15th, but four other banks were also there when it was mobilised. The Availability of personal loans of Punjab and Sindh are usually meant for the benefits of blue-collar and old-age pensioners. The PSB personal loan is the brand name for the Punjab and Sikh bank personal loans. The eligibility criteria for these personal loans, which the banks set, are based on some major categories like employment of the individuals, the relationship of participants with the bank, age of the individual, etc. In this post, you will get to know the process of getting a personal loan from Punjab and Sind 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 And Sind Bank

Eligibility Criteria for Punjab And Sind Bank Personal Loan

Salaried individuals and senior citizens receiving pensions are the applicants who are eligible for these personal loans. To be eligible for the loans, the salaried individuals can be from any of the following :

The individual can be an employee of any government sector or any permanent employee of any reputed institution.

Age Of The Eligible Applicants:

It is one of the most important criteria for the eligibility of these loans. The age of the

The individual is a major factor that decides the required or allowed amount of loans. The qualified age of each category of the applicant for the loans by the bank’s restriction is below:

Age restrictions of employees working in any government PSU:

 the minimum eligible age for the participant working in the government sector is 21 years, while the maximum age for a similar applicant is 60 years.

Age restriction of the salaried individual working in any private sector:

The minimum eligible age for the participant working in the private sector is 21 years, while the maximum age for a similar applicant is 65 years.

Age restrictions for the old age pensioners:

70 years.

Relation with the bank:

The pensioners should have a pension account with the bank. There is no need on account of salaried applicants.

The purpose of loan :

Keeping aside the eligibility of the applicant, the purpose of the loan is specified by the bank. The bank account gives official permission for the loan. For a personal loan, PSB specifically excludes the applicants for being eligible for getting a personal loan from the bank.

Documents Required for PSB Personal Loans

KYC documents and income-related documents are required to get a personal loan from the bank, and these documents should prove the applicant’s eligibility to proceed further. With these documents are mandatory documents required for PSB personal loans are listed below :

Proof of Identity

The following documents listed below reading to our identity for applicants are :

  • Passport
  • Adhar card
  • Voter ID
  • Driving license
  • proof of address
  • Utility bills (latest bills)
  • Rent agreement / Sale Deed of house

Proof of Income

Following applicant are required for proof of income of applicant are :

  • For salaried applicants
    • Latest salary slips
    • From 16
  • For pensioners
    • Pensioners slips
    • The latest statement of the bank shows details of the credit of pensioners.

statement of the bank:

A statement from the bank from the past six months is required. Latest passport size photos are also required.

Punjab And Sind Bank Personal Loan Highlights

PSB provides personal loans at a very affordable rate of interest and provides repayment of the tenure. This is the most favoured product in the segment because of the feature it provides. following are the main highlights of the Personal loans are listed below

loan amount :

for salaried person

  • Monthly salary up to 18 months
  • Annual income up to 1.5 Times
  • Rupees 3 lacs

For the pensioners: the age group of 65 years

  • monthly pension up to 15 times
  • rupees3 lakhs
  • The age group of 65 and up to 70 years
  • monthly pension up to 10 times
  • rupees 1 lacs

interest rate: 11.5% annually

Tenure : Five years (approx. 60 months)

Processing fee : 1% amount of the total loan

Guarantee :

the following can be provided as a guarantee are listed below :

  • Eligibility age of the applicant
  • third party
  • Mutually guaranteed
  • Spouse guarantee
  • Major son

The specific meaning of a personal loan: It’s a category of loan that doesn’t require collateral or security, and you can get it with minimum documentation, and it is required to fulfil our expenses. It can include rent expenses, medical or any other type of expenses. It is a type of unsecured loan and has vast eligibility criteria for work and benefit from this.

Eligibility Calculator of Personal Loan

The term “personal loan equated monthly instalment calculator” is a type of application available on almost every side of every bank. It helps the applicant to get an estimated amount of personal loan. Every person can get it on behalf of eligibility for reverse this tool doubles

EMI Calculator

Following are the calculators needed for the input of personal loan are listed below :

  • applicants age
  • applicants monthly income
  • Applicants monthly expense
  • Amount of loan
  • Interest rate
  • Loan tenure

Punjab Bank and Sind Bank Loan Overview

Bank of Punjab and Bank of Sindh are prominent public sector banks in India whose headquarters are located in India’s capital. The bank provides awards with a segment of Corporate and retail segments like MSM agriculture awards digital priority International and many segment seasonal loan services. Almost every segment of Karta to fulfil their customers needs all the requirements personal nature of the personal loan. These proceed As Quick As Possible and excessive documentation is not required.

FAQ’s on Punjab And Sind Bank Personal Loan

Question 1.
Does Punjab and Sind Bank approve self-employed persons for personal loans?

Answer:
Personal loans are not approved for a self-employed person from Bank of Punjab and Bank of Sind.

Question 2.
Does the Bank of Punjab and Bank of Sindh provide personal loans to a person who does not have an account on any of these banks?

Answer:
Anyone can not get a personal loan from Punjab and Sind Bank if they do not have an account on these banks. There is no such way of salaried employees whether they are in the public or a government.

Question 3.
Factors responsible which usually influence the Eligibility of a person personal loan from Punjab and Sind Bank?

Answer:
Following are the factors which usually influence the Eligibility of a personal loan of any persons are listed below:

  • applicants age
  • applicants income
  • applicants credit score
  • relation with the bank
  • experience of work
  • status of employment
  • liabilities

Question 4.
Does Punjab Sind Bank account for personal loans if they are applied from any of the online modes?

Answer:
Yes, you can apply for a personal loan through online mode. These modes are listed below:

  • internet banking
  • website of the Punjab sind bank
  • mobile banking

Question 5.
What’s the toll-free number of the Punjab Sind Bank for any queries related to personal loans?

Answer:
1800 4198 300 this is the toll-free number of Punjab Sind Bank for any queries related to personal loans.

Nutan Sahakari Bank Personal Loan | Features, Benefits, Purpose, Eligibility Criteria, Documents Required, How To Apply?

Nutan Sahakari Bank Personal Loan | Features, Benefits, Purpose, Eligibility Criteria, Documents Required, How To Apply?

Nutan Sahakari Bank Personal Loan: There are thousands of banks providing personal loans in India. One of them is Nutan Sahakari Bank. Nutan Sahakari Bank has its headquarters in Mumbai. 4th October 1971 was when Nutan Nagarik Sahakari Bank Limited was founded. This bank has a total of 25 branches in India. And all the branches provide financial services to its customer like saving deposit, fixed deposit, recurring deposit, net banking, mobile banking, RTGS, NEFT, IMPS, E-Wallet, home loans, personal loan, car loan, education loan, gold loan, PPF account, lockers, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, etc.

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.

Nutan Sahakari Bank

Nutan Nagarik Sahakari Bank Personal Loan Features and Benefits

  • Nutan Nagarik Sahakari Bank provides a maximum loan amount.
  • The Bank also has multiple ways for loan repayment.
  • If you are applying for a loan application in this bank, you will find it easy and fast.
  • After verifying the application, it quickly approved the loan amount.
  • Bank doesn’t insist on the Guarantor.
  • The interest rates provided by this bank are attractive & competitive.
  • The workers in large companies are offered unique benefits like schemes and discounts by the bank.
  • There is no security required for availing of personal loans in this bank.

How To Apply for a Personal Loan in Nutan Nagarik Sahakari Bank?

As we know, everything is available digitally. Many banks provide loans to support their customers financially. One can apply online and offline for a personal loan in Nutan Nagarik Sahakari Bank.

Online method: First of all, visit the website of the Bank. Then after filling up your personal information, work information, upload necessary documents in the online form. The critical point is to keep in mind that you must check your loan eligibility before applying.

How To Apply for a Personal Loan in Nutan Nagarik Sahakari Bank?

Take all the necessary documents with you in any Bank branches. After this fill-up, the form Correctly and get your loan approval process started.

Nutan Sahakari Bank Personal Loan Purpose

As many families in India are financially weak so for them, many banks like Nutan Sahakari Bank came up to help those people so that they can also fulfill their dreams and other financial needs like a foreign trip, buy their own house, marriage in the family, payment of credit card bill, repayment of an existing loan, medical emergencies without any fear of keeping property or security.

Nutan Sahakari Bank Personal Loan Eligibility Criteria

Your age should be between 21 to 58 years.

  • The permanent employees of State/Central Govt., Public Sector Undertakings, Corporations, Private Sector Companies, and reputed establishments are eligible for this loan.
  • Salaried employees and self-employed people with regular income can also apply for this loan.
  • The one applying for this job must have at least three years of experience in the current job/ business/ profession.

Nutan Sahakari Bank Personal Loan Documents Required

You have to fill up and sign the personal loan application form correctly.

  • One requires two-three photographs while filling a personal loan application.
  • You should have a Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card as your identity proof.
  • If you are a salaried employee, then you must have the latest salary slip showing all deductions or Form 16 along with a recent salary certificate as income proof, or else if you are a salaried individual, then you should have Income Tax Returns of two previous financial years as an income proof.
  • Documents like Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement are also required as address proof.
  • One should have a bank passbook having the last six months’ entry.

Nutan Sahakari Bank Personal Loan Repayment Options

The maximum EMIs allowed for repayment of a personal loan is sixty. The loan repayment starts from 12 EMIs. You can decide your loan repayment period based on your credit score.

Nutan Nagarik Sahakari Bank: Repayment as Equated Monthly Installments (EMI)

Some of the different methods discussed below that 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

Reasons for the Rejection of a Personal Loan Application

There could be many reasons for the Rejection of a Personal Loan Application, but here we will be discussing the top three reasons for rejection of a personal loan:

  • Poor Credit Score: Their credit score defines the creditworthiness of any person. Your credibility to repay the loan without defaulting decides your credit score. The credit score is essential for a lender to estimate the risk of default. Many of the personal loan applications get rejected by the lenders just because of having poor credit scores. If you are applying for a personal loan and have a credit score less than 750, then maybe you can face personal loan rejection.
  • Higher Size of Existing Debt: If you have already taken a lot of loans and the loan to net income ratio is above 40%, then the lenders may reject your loan application.
  • Higher Loan Enquiries: Inquiry means that the lender asks for your credit report from the credit bureaus whenever you apply for credit. Even if it’s available free of cost, you should not make too many inquiries. Because too many inquiries hurt your credit score.

FAQ’s On Nutan Sahakari Bank Personal Loan

Question 1.
What are the risks associated with a Personal Loan?

Answer:
There are significant three risks associated with Personal Loan, and they are as follows:

  • If you failed to repay a personal loan on time, the lender has a right to file a claim on you and can also take you to court. And this is not even opposed by any security.
  • There may be a huge penalty if you feel you have to pay off your loan too early.
  • Don’t be an easy target for false advertising and enter into a fake loan agreement.

Question 2.
Is it possible to balance the transfer of my loan to another bank?

Answer:
If the bank from which you have taken a personal loan is charging higher interest than other banks, then you can go for a balance transfer of your loan and thereby reduce your monthly burden.

Question 3.
How can I apply for a personal loan?

Answer:
There are many ways to apply for a personal loan. Some of them are by directly visiting the bank branch, by contacting and meeting the sales representative of the bank. Through a loan agent, apply online at the bank’s website.

Question 4.
Can I get top up on a personal loan?

Answer:
Yes, if the bank provides this facility from where you got a personal loan. This top-up criterion differs from bank to bank.

Conclusion on Nutan Sahakari Bank Personal Loan

This is all we can discuss Nutan Sahakari Bank Personal Loan in our article. I hope you guys found it informative, helpful, and engaging. If you have found this informative, share it with your family and friends.

Pragathi Krishna Gramin Bank Personal Loan | Benefits, Documents Required, How To Apply and How To Calculate?

Pragathi Krishna Gramin Bank Personal Loan | Benefits, Documents Required, How To Apply and How To Calculate?

Pragathi Krishna Gramin Bank Personal Loan: There are thousands of personal loans available in India, and one of them is Pragathi Krishna Gramin Bank Personal Loan. Pragathi Krishna Gramin Bank has its headquarter in Bellary, and this colossal bank has around 1168 branches across the state. The establishment of this Gramin Bank was on 23rd August 2013, and this is one of the best banks for availing of personal loans.

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.

Pragathi Krishna Gramin Bank

Pragathi Krishna Gramin Bank Personal Loan Financial Services

The financial services provided by Pragathi Krishna Gramin Bank are as follows:

  • saving deposit
  • fixed deposit
  • recurring deposit
  • loans/ personal loan
  • net banking
  • RTGS
  • NEFT
  • IMPS
  • Atal Pension Yojana
  • Pradhan Mantri Jandhan Yojana
  • Pradhan Mantri Suraksha Bima Yojana
  • Pradhan Mantri Jeevan Jyoti Bima Yojana

Points to Ponder for Pragathi Krishna Gramin Bank Personal Loan

  • If one is applying for this loan, their age should be between 22 and 59.
  • Your CIBIL Score must be a minimum of 750 or above.
  • The interest rate for Pragathi Krishna Gramin Bank Personal Loan is 9.99% per annum.
  • One can repay the loan amount in a minimum of one year or a maximum of seven years.
  • Pragathi Krishna Gramin Bank Personal Loan Processing Fee is up to 1%-2%.
  • One should have a minimum income of rupees 18000/month.
  • If you are applying for this loan, you should be salaried or self-employed.

Pragathi Krishna Gramin Bank Personal Loan Benefits

  • Easy payment: If you already have an account in a bank, the day you are pre-approved for a loan the same day the bank offers quick and easy defray. Those who don’t have an account in the bank get approved in two days.
  • No guarantor is required: This bank is one of the easiest products to avail of because there is no requirement of any guarantor for this type of loan.
  • Personal Documents: If one is applying for this job, they should submit original and veritable documents.
  • Attractive and competitive interest rates: Up to 10.75% of interest rates provided by this bank are quite attractive and competitive.

Pragathi Krishna Gramin Bank Personal Loan Documents Required

Documents Required for Self-Employed Applicants:

  • You should have the last three months’ salary slips.
  • Income Tax Return of the last two financial yrs is used as income proof for availing this loan.
  • You have to fill up the form correctly with a good sign.
  • Documents like Aadhaar Card, Driving Licence, Voter ID Card, ID Card of the Company are used as identity proof.
  • You will also be asked for residence proof. You can submit documents like Bank Account Statement, Latest Electricity Bill, Latest mobile bill, Latest Credit Card Statement, Existing House Lease Agreement.
  • One should also have two passport-sized photographs.

How to apply for Pragathi Krishna Gramin Bank Personal Loan?

Online process;

  • Visit the official website of the Bank.
  • Fill in your general information in the online form.
  • Before applying, check once the eligibility criteria by this one to have an idea of whether they are eligible for a loan or not.

Offline process;

  • Visit the bank branch which is nearer to your home.
  • Collect all the information about a personal loan.
  • Now you can apply for a loan.

How to Calculate EMIs for Pragathi Krishna Gramin Bank Personal Loan

The EMI calculation Pragathi Krishna Gramin Bank Personal Loan is straightforward. You have to follow the steps mentioned below:

  • Loan amount
  • The interest rate of your loan
  • Loan tenure

Pragathi Krishna Gramin Bank Personal Loan Processing Time

When it comes to the Processing of Personal Loan Applications usually, this bank takes two weeks or 15 days. But if you are a pre-approved already existing account holder of this Pragathi Krishna Gramin Bank, then you’ll get approval in 1-2 days.

Different Offers for Pragathi Krishna Gramin Bank Personal Loan

This bank has a wide range of personal loan offers, starting from Personal loans for Salaried Individuals and Personal loans to Self Employed Individuals, also provides offers to self-employed individuals ranging from Personal Loans for Doctors, personal marriage loans, and personal loans Loan for Pensioners, etc.

Pragathi Krishna Gramin Bank Personal Loan for Salaried Employees

  • Attractive and competitive rate of interest
  • 12 months to 60 months loan tenure.
  • The amount of loan depends on the company you are working with.

Pragathi Krishna Gramin Bank Personal Loan for Self Employed Individuals

Self Employed Individuals get a personal loan from Pragathi Krishna Gramin Bank.

These self-employed people have to submit more documents as compared to the salaried applicants.

These banks provide funds so that you can fulfil your needs.

Pragathi Krishna Gramin Bank Education Loan

The students who are studying in India and abroad are supported financially by Pragathi Krishna Gramin Bank Education Loan.

Around 10 lac rupees can be provided by this bank to those who want to study in India.

Around 20 lac rupees can be provided by this bank to those who want to study abroad.

Pragathi Krishna Gramin Bank Home Loan

Pragathi Krishna Gramin Bank also provides personal loans for making new homes or repairing old homes.

No matter if you are Indian or NRI. Both are eligible for this home loan.

Your earning should be more than the minimum required income.

If one is salaried or self-employed, then regular income is necessary.

Pragathi Krishna Gramin Bank Personal Loan for Government Employees

The government employees are provided personal loans by this bank at lower interest rates which generally start around 10.75%. A government employee also gets additional offers and benefits by choosing the loan tenure. If you are a defence personnel, the bank doesn’t charge a processing fee for you.

NRI Personal Loan

NRIs are directly provided with a personal loan from Pragathi Krishna Gramin Bank. The Personal Loan includes the following features for NRIs:

  • Pragathi Krishna Gramin Bank offers NRIs with adjustable end-use personal loans of up to Rs. 10 lakh.
  • NRI Personal Loan interest rates launch at 15.49 per cent p.a.
  • Up to 36 months is the term of the loan.

FAQ’s On Pragathi Krishna Gramin Bank Personal Loan

Question 1.
How can I check my PKGB loan balance?

Answer:
You have to contact the customer care number of Pragathi Krishna Gramin Bank so that you can check the personal loan balance in Pragathi Krishna Gramin Bank.

Question 2.
What is the interest rate of Grameen Bank?

Answer:
5.40% is the interest rate for the general public. 5.90% is the interest rate for senior citizens. 1.5 lakh is the ceiling amount of investment.

Question 3.
Which bank is the sponsor of Prathama Gramin Bank?

Answer:
Punjab National Bank is one of the leading commercial banks of India that sponsors the Gramin Bank.

Question 4.
How to pay Pragathi Krishna Gramin Bank Personal Loan EMI?

Answer:
One can use the net banking service of Pragathi Krishna Gramin Bank to pay for your loan, or else your loan EMIs from Pragathi Krishna Gramin Bank automatically take from your bank account monthly.

Conclusion on Pragathi Krishna Gramin Bank Personal Loan

That’s all about Pragathi Krishna 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 useful, then share it with your friends and families too. We would like to see your valuable feedback.

Saptagiri Grameena Bank Personal Loan @ 9.99% Details, Documents Required, Eligibility Criteria, Loan Status and Myths

Saptagiri Grameena Bank Personal Loan @ 9.99% | Details, Documents Required, Eligibility Criteria, Loan Status and Myths

Saptagiri Grameena Bank Personal Loan: Saptagiri Grameena Bank is a Gramin Bank of India. This Gramin Bank was founded on 1st July 2006, and Chittoor is the headquarter of this bank. The bank has around 200 branches across Andhra Pradesh.

Want to compare Saptagiri Grameena 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.

Saptagiri Grameena Bank

Saptagiri Grameena Bank Personal Loan Details

Some of the details for Saptagiri Grameena Bank Personal Loan:

  • If one wants to get eligible for this loan, their minimum age should be 21 years, and their maximum age should be 70 years.
  • Your CIBIL score should be 750.
  • 9.99% per annum is the personal loan interest rate of Saptagiri Grameena Bank.
  • The loan repayment tenure of this bank is from 6 months to 72 months.
  • The processing fees for this Katagiri Grameen bank personal loan are approximately 1%-2%.
  • The minimum loan amount given by this bank is 50,000 rupees.
  • The maximum loan amount given by this bank is 7,50,000 rupees.

Saptagiri Grameena Bank Personal Loan Eligibility Criteria

  • The one applying for this loan must have a CIBIL score of around 750 or above.
  • Your age should be between 21-70 then only you are eligible for this loan.
  • Rupees 18000 per month is the minimum income required.
  • You should be Salaried or self-employed.

Saptagiri Grameena Bank Personal Loan Documents Required

  • You have to fill up the correct information in the application form for a personal loan.
  • Copy of Passport/ Driving License/ Aadhar Card/ Voter ID Card is the documents required as identity proof.
  • Rent Agreement (Min. 1 year of stay), Utility Bills, Passport (Proof of permanent residence), and Ration card are the documents required as an address proof.
  •  The last two Assessment years/ Salary Slip of the Last six months/ Bank Statement of the Last three months are the documents required as Proof of Income.


Saptagiri Grameena Bank Personal Loan Processing Time

The time taken by the bank for the approval of your loan application is known as processing time. A maximum of two days is taken as the processing time for a personal loan.

How to Calculate EMIs for Saptagiri Grameena Bank Personal Loan?

There are three steps for calculating Saptagiri Grameena Bank Personal Loan, and they are as follows:

  • Amount of the Loan
  • Interest Rate
  • Tenure

Different Offers for Saptagiri Grameena Bank Personal Loan

Saptagiri Grameena Bank Home Loan

  • Indian or a fully documented NRI, these both are eligible for the home loan provided by Saptagiri Grameena Bank.
  • The minimum age requirement of an applicant is 18 years.
  • The maximum age requirement of an applicant is 70 years.
  • Your salary should be more than the required income.

Saptagiri Grameena Bank Personal Loan for Government Employees

  • The government employees also get the offer of a personal loan from Saptagiri Grameena Bank.
  • The amount of loan given by the bank entirely depends on your company’s reputation.

Saptagiri Grameena Bank Car Loan

  • This bank offers car loans too.
  • The loan amount provides 80-100% on a new car.
  • The repayment of the loan can be made from 12 to 72 months.

Saptagiri Grameena Bank Personal Loan for Education

  • The bank also provides education loans.
  • If you are studying in India, you can go up to an Rs. 10 lakh education loan.
  • If you are studying abroad, then you can get up to Rs. 20 lakh education loan.


Saptagiri Grameena Bank Personal Loan Balance Transfer

If you are sending your loan amount from one lending station to another, it’s known as a balance transfer, and it helps to lower the interest rate.

Saptagiri Grameena Bank Personal Loan Top Up

The supplementary amount financed by a company into your existing loan amount is known as a top-up loan.

Saptagiri Grameena Bank Personal Loan Status

If you want to check the status of your loan, then visit the bank’s official website.

Saptagiri Grameena Bank Customer Care

There are four ways to connect the customer care of Saptagiri Grameena Bank. They are as follows;

  • You can call Saptagiri Grameena Bank on 08572-233598 (toll-free).
  • You can also request a call back by visiting the bank’s website.
  • If you have any queries, you can get answers by the iPal chatbot online.
  • You can visit the nearby Saptagiri Grameena Bank branch to get your questions.

Saptagiri Grameena Bank Personal Loan Myths

Prepayment of Personal Loan always attracts Penalty

It’ completely false that prepayment of a Personal Loan always attracts a penalty. The prepayment penalty charges depend on the lenders. In many cases, it is also noticed that the lender does not charge any prepayment penalty.

Personal Loan at Lowest Interest Rate is the Best

It’s false that the Personal Loan at the lowest interest rate is the best. Many other essential factors matter while selecting the best lender for a personal loan. Factors like processing fee, eligible amount, tenure of loan repayment, service issues, other loan terms, etc., matter a lot. In addition to lower interest, you must consider other components too.

Hike in Interest Rate increases EMIs of Personal Loan

The loans obtained at a fixed rate of interest would not affect when there is a hike in interest rate. You can also increase the loan tenure case if you do not want EMIs to increase.

Your Loan Application Gets Rejected if you do not have Regular Income

There are chances of getting approval of a personal loan application, and you can also avail of a personal loan in cases where you do not have a regular source of income. If you add a joint holder with a steady income or borrow from peer-to-peer lenders, you can also have a loan approved by the bank.

Longer Personal Loan Repayment Tenure is Better

People think that longer personal loan repayment tenure is better as the borrower will need to pay lower EMIs. One can pay the amount comfortably, but this is a misconception. You will get higher interest outgo in longer repayment tenure, and you also have to pay interest for a longer period.

Interest Rates are not Negotiable

The personal loan interest rates depend on the customer. Customers who have a high credit score and a good income can quickly negotiate with lenders on interest rates and can also get comparatively lower interest rate loans.

Good Credit Score Guarantees Personal Loan Approval

Many factors like income, regularity of income, employer, employment type, etc., play an essential role in loan approval, so it’s a misconception if you think that carrying a good credit score will guarantee a personal loan.

You cannot Get a Personal Loan with a Poor Credit Score

If other factors are not up to the mark and still have a good credit score, you may also face rejection in the loan application. You can also get a home loan with a poor credit score, but you will get it at a higher interest rate. Other factors like the borrower’s age, the applicant’s income, etc., are also considered in home loans.

This is all we can discuss Saptagiri Grameena Bank Personal Loan in our article. We hope that if you are looking for a home loan, education loan, or any other loan, this article will be helpful and informative.

AU Small Finance Bank Personal Loan @ 14% | Features, Documents Needed, Eligibility Criteria and Ways to Apply

AU Small Finance Bank Personal Loan @ 14% | Features, Documents Needed, Eligibility Criteria and Ways to Apply

AU Small Finance Bank Personal Loan: Personal loans can be seen as a form of installment credit. It is different to a credit card in the sense that a personal loan makes a one-time payment of cash to borrowers. 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. It is very easy to access personal loans, and they are granted so fast that many people take personal loans often to meet expenses. In recent times, lots of people have AU Bank Personal Loan Apply.

Want to compare AU Small Finance 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.

In this article, we will discuss in detail AU Small Finance Bank Loan details like the various intricacies of the complicated procedure, including AU Small Finance Bank Loan Interest Rate.

AU Small Finance Bank

AU Small Finance Bank Overview

AU Small Finance Bank Personal Loan is the personal Loan provided by Au Small Finance Bank for when someone needs money quickly. Their loans are designed to take care of all customer’s financial needs with minimal possible documentation and usually provide speedy approvals.

AU Small Finance Bank Personal Loan Features

Features of the Bank are:

  • Free of any Collateral
  • There is the bare minimal need of documentation
  • Easy and instant approval of any type of Personal Loan
  • Easy repayment options for applicants to avail various services
  • Multipurpose end-use schemes

One can utilize the AU Small Finance Bank’s Personal Loans can for the following:

  • Educational purposes
  • Home renovation pursuits
  • Fulfilling Goals for a Wedding
  • Intents for Traveling
  • Debt consolidation
  • Healthcare measures

How to Apply for a Personal Loan in AU Small Finance Bank?

One can apply for a certain amount for a personal loan in AU Small Finance Bank in both the online and the offline methods.

Online Method

When one applies for a personal loan online, one is directly purchasing it from the bank without any involvement of the middlemen. Further, there are no added costs like agent commission.

Step 1: In order to apply for a personal loan at AU Small Finance Bank, one needs to log on to their website and click on the “Apply for a Loan” option at the top menu selections. One can find a personalized EMI calculator where one puts in the details of the Loan, like the amount to be borrowed and the term of the loan.

Step 2: After one has put in the details, one has to click on apply for Loan. After this, a new window opens where one has to put in essential details 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

There are two ways one can apply for a personal loan at AU Small Finance Bank in the offline method-

At the Bank Branch: In this method, the borrower needs to visit a branch of the bank, fill out the form with all the essential details needed and finally submit it with whatever documents are required.

Through an Agent: Banks have various agents who sell personal loans. These agents are especially helpful If one needs guidance before applying for the Loan. However, they are paid a commission, and this might create a small increase in one’s interest rates.


AU Small Finance Bank Personal Loan Eligibility Criteria

  • The person who is applying for the Loan has to be a resident of India.
  • The minimum age a borrower has to be before applying for a personal loan at AU Small Finance Bank is 23 years of age.
  • The borrower cannot be above the age of 58 years at maturity.
  • The tenure or the time period of the loan, i.e. the amount of time in which the borrowed amount is to be paid back with interest to the bank, cannot be more than 02 to 60 months.
  • The upper limit for the amount a person can apply for the Personal Loan is it can’t be more than 7.5 lakhs.

AU Small Finance Bank Personal Loan Documents Required

It is paramount for AU Small Finance bank to ask for the checking of documents before approving a loan. These are the various documents needed to apply for AU Small Finance Bank Personal Loan:
<ul

  • Personal Loan application with a recent photograph
  • PAN Card copy
  • Identity proof (Passport copy, Aadhaar copy, Driving license copy, Voter Id Card)
  • Address proof (Passport copy, Aadhaar copy, Driving license copy, Voter Id Card)
  • Income proof (Salary slip, ITR document)
  • Bank Statement for last six months

AU Small Finance Bank Personal Loan Features

  • AU Small Finance Bank, the borrower, can use a Personal Loan to fund different things: It is applicable to use AU Small Finance Bank Personal Loan for various items ranging from education, home renovation, and weddings to Healthcare and debt consolidation.
  • Flexi payment options from 2 to 60 months: The borrower can have flexible payment schedules that range from 2 months to 60 months to pay off the borrowed amount. This goes a long way in helping the customer pay off his debts on his own time and when he can, thereby reducing stress.
  • Instant credit/disbursement: When a loan is granted and approved, the borrower gets the amount he asked for to be borrowed instantly into his account. This plays a significant role if one is in an emergency and needs a substantial amount of money in a very short period of time.
  • Minimum documentation: When the customer needs a personal loan, it requires minimal documentation to ask for a loan and get the Loan approved. This helps in the case of an emergency as the procurement and checking of minimal documents saves a lot of time.
  • Avail loans up to 7.5 lakhs: The upper limit for a personal loan in AU Small Finance Bank is a whopping amount of 7.5 lakhs. Keeping the upper limit so high comes in helpful when a customer needs a substantial amount of money.
  • No security or guarantor required: 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.
  • Low Interest Rates: A personal loan of twenty-five thousand rupees over a period of six months will charge the borrower an interest rate of fourteen per cent. However, this interest rate changes with the amount of money borrowed and the time that it is borrowed for.

Takeaways from the Article

Thus, this concludes the article detailing personal loans and, in particular, AU Small Finance bank personal Loans. 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 information about personal loans is not just limited to this article. One must always read carefully the terms and conditions a specific bank puts out before applying to it for a loan.

South Indian Bank Personal Loan @ 11.55% to 14.40% | Documents Required, How To Apply?, Interest Rates, Reasons and Features

South Indian Bank Personal Loan @ 11.55% to 14.40% | Documents Required, How To Apply?, Interest Rates, Reasons and Features

South Indian Bank Personal Loan: Personal loans can be seen as a form of installment credit. It is extremely helpful for those people whose financial condition is really poor and is in requirement of instant monetary support. The South Indian Bank Personal Loan comes to one’s rescue when one is short of money.

South Indian Bank Personal Loan interest rates are competitive with the market and are really good. It is very easy to access a personal loan under this bank since one can apply for South Indian Bank Personal Loan online as well.

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.

South Indian Bank

South Indian Bank Personal Loan Overview

The South Indian Bank is very secure and dynamic whose main objective is customer convenience. Their vision is to become the most preferred bank when it comes to corporate governance, customer service, and stakeholder value.

The bank provides various financial services to its customers, such as, recurring deposits, savings deposits, PPF accounts, home loans, personal loans, lockers, mobile banking RTGS, NEFT, etc.

About the South Indian Bank

The South Indian Bank is a private sector bank with its foundation in India. It was founded on 29th January, 1929 and has its headquarters in Thrissur, Kerala. This bank was the first private sector bank in Kerala that received the license from RBI under Section 22 of the Act of Banking Regulation, 1949. The bank currently has a whopping 924 branches all over India.

How to Apply for a Personal Loan in the South Indian Bank?

Online Method

One can apply for South Indian Bank Personal Loan by following these easy steps detailed below.

Step 1: Visit the bank’s website and find the personal loan option. Select the option of South Indian Bank Personal Loan present under it and click on apply.

Step 2: A new screen will open that will contain a form. The form needs to be filled with essential details like name, address, and other personal information.

Step 3: After putting in the personal details, click on apply for loan. A new window opens where other essential information like account numbers and the documents needed for loan approval are required. Fill those in and then double-check the information. Lastly, click on submit to submit your loan application.

Offline Method

For the offline method, the applicant needs to visit the bank branch. There they need to fill out the form with all the essential required details and submit it along with all the required documents.

South Indian Bank Personal Loan Eligibility Criteria

  • The age of the individual needs to be between 21 to 58 years.
  • The applicant needs to be a permanent employee of State or Central Govt., Public Sector Undertakings, Corporations, Private Sector Companies, or reputed establishments.
  • The applicant needs to be salaried or self-employed.
  • The applicant has to be employed for a minimum period of three years to be eligible for the loan.

South Indian 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 applicant has filled in are accurate.
  • Passport size photographs 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 of the applicant is required. Viable proofs of identity include Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card.
  • The applicant has to provide proof of their income.

If they are salaried then their salary certificate, along with the latest salary slip is the proof.

If the applicant is self-employed, then their Income Tax Returns of 2 previous financial years is the proof.

  • Proof of Address is required and that includes Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
  • A bank statement or a copy of the Passbook is required. The passbook or statement must have an account of the entries of the last six months.

Reasons for Rejection of the Loan

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

South Indian Bank Personal Loan Features

Maximum loan amount: The South Indian Bank provides a maximum of Rs. 10 Lakhs for Personal Loans. The amount is quite huge and the borrower can avail the entire amount when they are in crisis.

Multiple loan repayment options: In the South Indian Bank Personal Loan scheme, the borrower gets the opportunity of repaying the loan amount in multiple ways. The bank provides many repayment options, like mortgaging something of equivalent value, etc.

Fixed Time Period: The bank has a specified time period for when the borrower has to repay the loan amount. The maximum time given to the borrower to pay off the loan amount is 48 months.

Fast & easy processing of personal loan applications and quick loan approval: The South Indian Bank Personal Loan has one of the fastest and simplest processing times for personal loans. Their loan approval system is also very quick and hence customers do not have to wait for long time periods.

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: The South Indian Bank has an interest rate of 10.25% to 14.15% on their personal loans. The rates are extremely competitive in the market and are quite attractive to the customers as well.

South Indian Bank Personal Loan Types

The South Indian Bank offers different options under their Loan. These options are available to satisfy the needs of salaried individuals, self-employed individuals, and even group borrowers. Currently, the South Indian Bank is offering two types of Personal Loans, that are:

The South Indian Bank Personal Loan for individuals 

Under this loan, the salaried and self-employed individuals get access to instant loan amounts at a reasonable interest rate. Even NRIs can access this loan. For applying for the loan, one can do the needful online with extremely minimal documentation. The requirement for any collateral security is also nil.

South Indian Bank Personal Loan for Group

This loan offers financial help to a group of people collectively and fulfills their different personal needs. The individual requirements may include educational expenses, debt repayment, travel expenses, etc. There is no requirement of collateral security for securing the loan, and the documentation is also very minimal.

Specialties of the South Indian Bank

  • The South Indian Bank has received the Best MSME Bank award among all the other private sector banks.
  • They are the first private sector bank that has opened an NRI branch and has also started an Industrial Finance Branch.
  • Among all the other banks in Kerala, the South Indian Bank is the first bank that executed a core banking system.
  • They have branches all over India and are counted as one of the most proactive banks in India.

Takeaway from the Article

The South Indian Bank is a safe and secure bank that provides personal loans at a good interest rate. Their personal loan features are extremely exciting and they even have an online method for the application of loans. The bank’s team is extremely tech-savvy and they make sure to provide the best customer care services as well.

Jammu And Kashmir Bank Personal Loan | Eligibility Criteria, Documents Required, How To Apply? and Verification Process

Jammu And Kashmir Bank Personal Loan | Eligibility Criteria, Documents Required, How To Apply? and Verification Process

Jammu And Kashmir Bank Personal Loan: For short, Jammu & Kashmir Bank, or J&K Bank, provides a diverse variety of J&K bank loans, personal loans to salaried employees, company owners, professionals, and retirees.

The bank provides a range of smart banking products, including savings accounts, current accounts, fixed deposits, non-resident equivalent fixed deposits, along with J&K Bank Personal Loan interest rate and the provided the steps to opt for J&K bank personal loan apply online. To learn more about the personal loan plans offered by J&K Bank, read this article.

Want to compare Jammu And Kashmir 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.

Jammu And Kashmir Bank

Jammu And Kashmir Bank Overview

Jammu and Kashmir Bank (J&K Bank) was founded in 1938 as a Scheduled Commercial Bank and is one of India’s oldest private sector banks. The bank is headquartered in Srinagar and is listed on the NSE and the BSE. The Reserve Bank of India has designated the bank as the sole agent for carrying out banking activity for the Government of Jammu & Kashmir and Ladakh in the Union Territories of Jammu & Kashmir and Ladakh.

Jammu And Kashmir Bank Personal Loan Features

  • There are several options for paying off debt.
  • You can apply for a personal loan easily and quickly.
  • Loan approved promptly
  • The bank does not demand for guarantees.
  • Attractive and competitive interest rates
  • Major corporation employees are eligible for special programs and discounts.
  • The provision of security is not usually required in order to obtain a personal loan.

How to Apply for J&K Bank Personal Loan?

The following is a guide to applying for a personal loan online:

  • Step 1: Fill out the personal loan application form at the top of this page.
  • Step 2: You’ll see a list of qualified personal loan offers organized by acceptance possibilities, which are computed using a proprietary technology known as “SmartMatch.”
  • Step 3: Choose the best loan deal for your circumstances or contact us for assistance.
  • Step 4: When you submit your online loan application, you’ll get an instant conditional e-approval.
  • Step 5: Finally, our experts will walk you through the loan processing and disbursement procedure.

Jammu And Kashmir Bank Personal Loan Eligibility Criteria

The following table summarises the eligibility requirements for the various personal loan products offered by J&K Bank for Saral/Saholiat Finance Scheme.

  • For Employees: Permanent workers of the State/Central Government, Public Sector Undertakings, Autonomous Bodies, and Institutions are eligible for the J&K Bank Saral/Saholiat salaried individual loan.
  • For Professional: You must be a licensed professional such as a physician (MBBS, BDS, etc.), engineer, architect, chartered accountant, or lawyer.
  • For Pensioner: You must be a Central/State Government Pensioner, including family pensioners, who receive benefits from J&K Bank. Your age should be between 25 and 75 years.
  • For Businessmen: You must be a current J&K Bank customer (cash credit/secured overdraft/term loan) with a minimum three-year history with the bank. You need to have a bank account with a Platinum or Gold status. Please remember that you must have a minimum of one year standing and may incur up to two penalties for failing to maintain AMB throughout the term.
  • For Festival Advance Scheme: You must be a permanent employee or retiree of the State/Central Government, a Government/Semi-Government Enterprise, or an Autonomous Body.

Jammu And Kashmir Bank Personal Loan Documents Required

While the bank does not define the specific documentation necessary for each form of personal loan, a few of the most mentioned below are essential:

  • Proof of Identity: This might contain your Aadhaar card, voter ID card, PAN card, passport, and driver’s license, among other things.
  • Proof of Address: Most recent utility bill (telephone bill/electricity), bank passbook, Aadhaar Card, and other documents may be included.
  • Proof of Income: This might contain things like your pay stubs, bank account statement, profit and loss statement, and income tax return, among other things.
  • Personal loan application form: It must be completely filled out and signed—color passport photos were taken recently.

Reasons for Personal Loan Application Rejection

An unfavorable credit rating: It is crucial for a lender to determine a borrower’s risk of default based on a credit score. Low credit scores result in many personal loan applications being declined. A person with a credit score below 750 may have difficulty getting a personal loan.

There is a greater amount of existing debt

Someone might be refused a loan if they may have taken a lot of loans and your loan-to-net-income ratio is more than 40%.

Loan Inquiries Have Increased: When you apply for credit, a lender will obtain your credit report from the credit bureaus. The credit agency will classify these requests as hard inquiries, and they will show on your credit record. You should not make too many questions, regardless of if it is free. If you make too many queries, your credit score may suffer.

Types of Personal Loan Offered by J&K bank

Saral/Saholiat Finance Scheme for Employees-

  • End-Use: Any personal requirement.
  • Maximum loan amount: 36 months’ gross pay.
  • Security: If your payment account is not kept with J&K Bank, a suitable third-party guarantee is provided.
  • Term of Repayment: Up to 7 years

Saral/Saholiat Finance Scheme for professionals-

  • End Use: Any persona/professional requirement.
  • Loan amount: up to Rs. ten lakh
  • Security: Two-person guarantee from a suitable third party
  • Term of Repayment: Up to 5 years

Saral/Saholiat Finance Scheme for the business owner-

  • End Use: Any personal requirement.
  • The loan amount is up to Rs. 5 lakh.
  • Security: Appropriate third-party assurance.
  • Tenure of Repayment: Up to 5 years

Saral/Saholiat Finance Scheme for pensioners-

  • End Use: Any personal requirement.
  • Loan amount: 18 months’ net pension if you are under the age of 70.
  • If you’re under 75 years old, you’ll get a 12-month net pension.
  • If you are a family pensioner under the age of 70, you will receive a 12-month net pension of Rs. 2 lakh.
  • Safety: A family pensioner or a family member’s promise.
  • Term of Repayment: Up to 5 years

Myths about Personal Loans

  • Loan rejection is caused by a poor credit score: While a person’s credit score is taken into account when determining their loan eligibility, there are other variables that take precedence on a poor credit score. It should be noted, however, that the rate of interest paid to people with a low credit score is often greater than that charged to those with a better credit score.
  • The interest rate on personal loans is quite high: Interest rates are commonly set by financial institutions and other lenders depending on a person’s repayment ability and credit score. Loans with higher interest rates are often granted to people who have a low repayment capacity. Borrowers with good credit and a good repayment history can get a personal loan with an interest rate as low as 10% p.a.
  • If you already have a loan, you won’t be able to get a personal loan: Many loan applicants believe that if they are presently repaying another debt, they will be unable to receive a personal loan. This is not the case, and the requirements for approving a second personal loan are the same as they were for the first. Financial institutions approve loan applications based on the borrower’s repayment potential and current income.

Conclusion on Jammu And Kashmir Bank Personal Loan

Personal loans are available from Jammu and Kashmir Bank for a range of purposes, from the purchase of smartphones and computers to the construction of modular kitchens and the buying of cookies.

The term of a Jammu and Kashmir Bank personal loan varies according to the scheme selected.

While the majority of personal loan programs are fee-free, the Smartphone Finance scheme, the Sahafat Finance scheme, and the Modular Kitchen Finance scheme all impose processing costs of Rs.250, 0.50 percent of the loan amount, and Rs.200 + GST, respectively.

Borrowers’ maximum credit limit is determined by the plan. While the Consumer Loan plan permits borrowing up to Rs.75,000, the Saholiat/Saral Finance scheme permits borrowing up to Rs.20 lakh. Each loan program has a cap on the amount that can be borrowed.

Bharatiya Mahila Bank Personal Loan 10.15% to 13.65% PA | Features, Benefits, Eligibility, Ways To Apply, Characteristics

Bharatiya Mahila Bank Personal Loan 10.15% to 13.65% PA | Features, Benefits, Eligibility, Ways To Apply, Characteristics

Bharatiya Mahila Bank Personal Loan: The Bharatiya Mahila Bank offers personal loans to women who are looking forward to supporting their finances. Their goal is to empower women and help them get associated with the banking institutions.

In this writing, we talk about the eligibility, repayment, EMI and all the other details about Bharatiya Mahila Bank Education Loan, personal loan and business loan.

The bank’s business loans help women establish themselves as entrepreneurs. The Bharatiya Mahila Bank Business Loan Eligibility will help you determine if you will be granted a loan from the Bharatiya Mahila Bank.

In this writing, we have also provided the link to the Bharatiya Mahila bank business loan website, which will help you apply for the loan.

Want to compare Bharatiya Mahila 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.

Bharatiya Mahila Bank

What is the Bharatiya Mahila Bank?

The Bharatiya Mahila Bank Limited is an Indian public sector bank. Its headquarters are situated in Delhi. The Bharatiya Mahila Bank Limited organisation was founded in the year 2013. It has 107 branches spread all over the country.

It offers all the financial assistance to its customers such as fixed deposit, saving deposit, recurring deposit, personal loans, home loans, car loan, education loan, PPF account, lockers, gold loan, holiday loan, Atal Pension Yojana, net banking, mobile banking, RTGS, E-Wallet, Pradhan Mantri Jeevan Jyoti Bima Yojana, NEFT, IMPS, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, and many more.

Find details related to the Bharatiya Mahila Bank Limited, such as the Official Website of the bank, ATMs across the country, Contact Numbers of the bank, official EmailID. You will also find information about loan purpose, Eligibility criteria, Margin, Repayment of Personal Loan, Document needed for Personal Loan from below.

Features and Benefits of the Personal Loan of Bharatiya Mahila Bank

  • The maximum amount of loan
  • Multiple options for loan repayment are available
  • Quick & easy sanction and processing of personal loan application
  • Easy loan approval
  • The bank does not insist upon a guarantor
  • Attractive & competitive rates of interest
  • Offers unique schemes as well as discounts for employees of companies
  • Generally, no security is needed for availing of a personal loan

Ways to Apply for a Bharatiya Mahila Bank Personal Loan

One can apply for their loan by both – online or offline mode. Listed below are the ways in which one can choose from one way, whichever suits them.

How to Apply Online?

One can apply online via the official website of Bank and fill up their personal information as well as work information & upload all the necessary documents. One can use it after checking their loan eligibility.

How to Apply Offline?

One can visit any of the Bank branches personally along with all the needed documents, properly fill-up the form and get their loan sanction process started.

Purpose of Bharatiya Mahila Bank Personal Loan

To meet all types of financial needs such as a holiday trip abroad, marriage in the family, household shifting, repayment of an existing loan, payment of credit card bills, medical emergencies and many more without worrying about having any collateral or property.

Eligibility for Bharatiya Mahila Bank Personal Loan

  • Age limit from 21 to 58 years.
  • The individual must be a permanent employee of State/Central Govt., Corporations, Private Sector Companies, Public Sector Undertakings, and reputed establishments.
  • Individuals who are Salaried or Self – Employed who have a regular income.
  • Number of years in the current job or business or profession: up to 3 years

Documents Needed for Bharatiya Mahila Bank Personal Loan

  • Properly filled up and signed application form for the personal loan.
  • Passport-sized photographs of the individual taking the loan.
  • Identity proof – Driving License, Passport, PAN card, Voter ID Card, Government department ID card, Aadhar card.
  • Income Proof – Latest salary slip that shows all deductions or Form 16 accompanied with the recent salary certificate (for salaried individuals)
  • Address proof – Latest electricity bill, bank account statement, latest credit card statement, latest mobile or telephone bill, Existing home lease agreement.
  • Bank passbook or bank statement of having entries of previous six months.

Amount Allowed for Bharatiya Mahila Bank Personal Loan

The minimum amount of Rs. 10,000 to the maximum amount up to 12 times Net Monthly Income for salaried people and pensioners subject to a ceiling of Rs.10,00,000 in all centres.

Repayment of Bharatiya Mahila Bank Personal Loan

Maximum 60 EMIs are permitted for repayment of one’s loan. It begins with 12 EMIs. The repayment time is also dependent upon one’s credit score.

Bharatiya Mahila Bank: Repayment of loan via Equated Monthly Instalments (EMI)

Any one of the following ways can be used for repaying the loan:

  • Standing instruction registration at one’s bank
  • Via Internet Banking solution
  • Automated Payment by ECS (Electronic Clearing Service)
  • Through Mobile Banking Application, if offered by the bank

What is Needed for Creating Banking Opportunities for Women?

In the Indian subcontinent, only 26% of females have an account registered with a formal financial organisation, compared to 46% of males.

This has altered after the initiative of Pradhan Manthri Jan Dhan Yojana – accounts of females jumped radically to around 60%. That implies an account in either a bank, a co-operative, post office, a credit union, or a microfinance institution, as per a study by the World Bank.

Along with this, for females, per capita credit is 80 per cent lesser than males.

Furthermore, the research using a global dataset with 350 Microfinance Institutions (MFIs) in 70 countries showcases that more female clients have been associated with lower write-offs, lower portfolio-at-risk, and lower credit-loss provisions ceteris paribus provision.

Key Characteristics of the Management

Bharatiya Mahila Bank (BMB) was owned entirely by the Indian Government. Firstly, the bank consisted of a board of directors having eight women. Mrs Usha Ananthasubramanian is the managing director as well as the chairman of the bank, and SM Swathi is the executive director of the bank.

One of the main objectives of this Bank is to focus on the banking requirements of women and encourage economic empowerment via women’s growth and development.

Bhartiya Mahila Bank Business Loan

The bank promises a platform for female entrepreneurs to get loans for their businesses. These business loans have been intended for various business purposes for meeting the need for working capital or the expansion of the business.

Bharatiya Mahila Bank provides loan amounts to a maximum amount of Rs. 20 Crores for manufacturing enterprises. Outstanding business loans with a profitable interest rate have been offered by the BMB and grant collateral-free loans up to Rs. 1 crore under the CGTMSE cover.

Business Loan Details At Bhartiya Mahila Bank

The details of Business Loan Interests, charges, fees and Commissions at Bhartiya Mahila Bank are stated below.

Type Details
Interest Rate 10.15% per annum to 13.65% per annum
Loan Amount for Retail Trader as well as Service Enterprises Up to Rs. 5,00,00,000
Loan Amount for Manufacturing Enterprises Up to Rs. 1,00,00,000
Loan Tenure Up to 7 years
Processing Fee As per bank’s norms

 

ICICI Bank Personal Loan @ 10.50% | How To Apply?, Features, Eligibility Criteria, Documents Required, Types and Myths

ICICI Bank Personal Loan @ 10.50% | How To Apply?, Features, Eligibility Criteria, Documents Required, Types and Myths

ICICI Bank Personal Loan: Personal loans can be seen as a form of installment credit. It is different from a credit card because a personal loan makes a one-time payment of cash to borrowers. 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.

ICICI Bank Personal Loan comes to one’s rescue when one is short of money and ICICI Bank Personal Loan interest rate added on to the borrowing amount is to be returned by the borrower within the stipulated time decided beforehand.

ICICI Bank limited interest rates are competitive with the market. It is very easy to access the ICICI Bank personal loans, and they are granted so fast that many people take personal loans often to meet expenses.

Want to compare ICICI 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.

ICICI Bank

ICICI Bank Overview

The ICICI Bank is a private sector bank with its foundation and headquarters in India that has a total asset of 10,200 crores. The bank has its headquarters in Mumbai. ICICI Bank Limited was founded in the year 1996. The bank currently has a whopping 4450 branches all over India and over 1030013900 ATMs across the entirety of the state.

It provides various financial services to its customers namely saving deposit, recurring deposit, savings deposits, PPF accounts, home loans, personal loan, car loan, education loan, gold loan, PPF account, lockers, net banking, mobile banking, RTGS, NEFT etc.

ICICI Bank Features

  • Low-interest rates
  • Available internationally
  • Credit cards provide extra security along with their microchip feature
  • Exclusive offers for dining
  • Amazing VISA deals

How to apply for ICICI Bank Personal Loan?

Online Method

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

Step 1: Visit the ICICI bank website, find the personal loan option, and select the option for ICICI 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 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 ICICI Bank branch, fill out the form with all the essential required details, and submit it with whatever documents are required.

ICICI Bank Personal Loan Eligibility Criteria

  • The borrower has to be either salaried or self-employed.
  • If salaried, then the individual needs to have a monthly income of Rs. 30,000. They must have a job or profession for at least 2 years and must live for 1 year in their current address. They must be within the age group of 23 to 58 years.
  • If self-employed, then the age group is 28 to 65 years. For a doctor, the minimum age is 25 years. The individual, if a non-professional, must have a turnover of 40,00,000. If professional, then it should be 15,00,000.

They must work for 5 years under their current business. If they are a doctor, then they must work for 3 years before applying.

The individual should also have a savings or current account or loan account for at least 1 year with the bank.

ICICI 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.
  • 2 passport sized photographs.

For salaried,

  • Proof of identity such as Passport, Voter ID card, Driving license, PAN card. Any one of them is required.
  • Proof of Address – Leave and license agreement, or passport, or utility bill that is not older than 3 months.
  • Bank statement of latest 3 months.
  • Salary slips for the last 3 months.

For self-employed,

  • KYC documents like address proof, identity proof, and age proof.
  • Proof of Address include any one – Leave and license agreement, or passport, or utility bill that is not older than 3 months.
  • Audited financials for last 2 years as income proof.
  • Proof of office address.
  • Bank statement of current 6 months.
  • Proof of business continuity.

ICICI Bank Personal Loan Features

  • The ICICI Bank offers a very low-interest rate on personal loans. Their interest rate for personal loans starts from 10.5% per annum.
  • Their loan amount is very flexible. An individual has the option to choose their loan amount that ranges from Rs. 50,000 to Rs. 25,00,000.
  • The tenure period offered by the bank ranges between a period of 12 to 72 months.
  • The EMI amount is also very reasonable.
  • There is no requirement of collateral or any other form of security.
  • Minimal documentation and fast and easy process for documentation.
  • Extremely fast disbursement. After the approval of the personal loan, the amount gets credited to the individual’s account within a span of 3 seconds.
  • There are no restrictions on end usage. One can apply online for a loan and receive quick assistance.

Types of Personal Loan offered by the ICICI Bank

  • Wedding Loans
  • Home Renovation
  • Holiday Loan
  • Fresher Funding
  • Top up Loan
  • NRI Personal Loan

Myths about the ICICI Bank Personal Loan

  • Long time for processing of loan: It is completely incorrect since the processing time now is very fast, simple, and hassle-free. The entire experience is very smooth and even online application is available.
  • Only salaried individuals are eligible: This is a concept that many people have but it is incorrect. Self-employed individuals, consultants, business owners, and many more people fulfill the eligibility criteria properly.
  • Low credit score: A credit score is very important while applying for a personal loan. High credit scores can secure a personal loan from the bank but there are other factors as well. Even with a low credit score, approval of a loan is possible if other factors are fulfilled.
  • Existing loans: Approval of a personal loans is possible even if they have existing loans. This is only when all the other factors are properly fulfilled.

Takeaways from the Article

Thus, in this article, we have provided detailed information about ICICI bank personal loans. 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.

One must always read carefully the terms and conditions of the bank before applying to it for a loan.

The Cosmos Co Operative Bank Personal Loan @ 10 to 10.25% | Reasons, Conditions, Eligibility, How To Apply?, Documents Required

The Cosmos Co Operative Bank Personal Loan @ 10 to 10.25% | Reasons, Conditions, Eligibility, How To Apply?, Documents Required

The Cosmos Co Operative Bank Personal Loan: When you’re strapped for cash and don’t have any collateral, personal loans are the options that can support you. Cosmos Bank is the best place to go if you want to apply for a loan. Before applying for the loan, remember to check for the Cosmos Bank Personal Loan Eligibility criteria.

In this specific article, we have covered all of the elements of the loan, such as the Cosmos Bank Personal Loan Online application, the documentation required and a few other aspects, which are beneficial for applicants to know beforehand.

The Cosmos Bank Personal Loan Calculator is another vital tool, the applicants need to use, to calculate their eligibility. All of these are defined for your increased convenience.

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.

The Cosmos Co-Operative Bank

The Cosmos Co-Operative Bank Overview

Personal loans become essential when you are hit with a massive expense and do not have the resources to finance it. These loans don’t require much documentation; thus, they’re mostly used for personal considerations.

The loan can be paid back in customizable installments over a significant period of time.

The Cosmos Cooperative Bank is a well-managed ‘Financial Institution,’ an emblem of trustworthiness, growth, and innovation. In business practices and assisting small customers, the bank has preserved its core ethics.

Cosmos Bank has established a stance in the banking industry attributable to its long and rich history, transparency, commitment to strong financial standards, technological innovations, and, most notably, its highly competent and experienced Board of Directors.

The Cosmos Co Operative Bank Features

  • Overdraft or Term Loan facility is currently available in the bank.
  • A loan of up to Rs. 5 lacs can be arranged.
  • 2138 / Lakh is the EMI that is incurred.
  • Your loan will be disbursed within three days if all of your supporting documentation is acceptable.
  • The repayment period is restricted to 60 months.
  • Processing fees charged are usually 1% of the amount borrowed, plus the relevant GST rate.
  • The charges incurred are 3% of the loan amount for a duration of up to 12 months.
  • The charges incurred are 2% of the loan amount for a period after 12 months but before 24 months.
  • The charges incurred beyond 24 months are 1% of the loan amount.
  • If your CIBIL score is greater than 750, you will be charged a 10% interest rate.
  • If case your CIBIL score is less than 750, you will be charged a 10.25 percent interest rate.

How to Apply for a Personal Loan in the Cosmos Cooperative Bank?

Preferably, candidates should inspect the official notification released by Cosmos Cooperative Bank on their official website and thoroughly check the eligibility criteria provided in the official updated PDF. Candidates must apply only if they meet the eligibility criteria.

The Cosmos Co-Operative Bank Personal Loan Eligibility Criteria

A list of the basic prerequisites is provided below.

  • Applicants should be from 21 years of age and not more than 65 years.
  • Salaried individuals must be employed in reputed institutions, including PSUs, government associations, schools, colleges, or universities.
  • Salaried individuals should hold a minimum work experience of 2 years with one year of service pending in the current organization.
  • A minimum work experience of a year is essential for people in business and other professionals.

The Cosmos Co-Operative Bank Personal Loan Documents Required

Although the documents required for personal loan approval are minimal, the following list highlights the strictly mandatory documents.

In the case of the applicants and their guarantor

  • Two Duly Filled Application forms
  • Two passport-sized photos of applicants and their guarantor
  • A valid Photo ID proof
  • Residence proof
  • Pan Card Copy

In the case of salaried individuals

  • Salary slip of the last three months
  • Bank statement for last 6 months
  • Form 16A
  • IT returns for the last three years

In the case of businessmen,

  • Financial statement od the last three years
  • ITR copy and bank statement of business for the last 1 year

The Cosmos Co Operative Bank Personal Loan Features

  • Cosmos Bank currently ranks as India’s second-largest cooperative bank. Inventive commerce has bolstered its financial position over the last century.
  • The Cosmos Co-operative Bank Ltd. has a 115-year proven track record of delivering a consistent level of service to its more than 20 lakh delighted clientele across 140 branches in seven states of India.
  • The Board of Directors includes renowned and skilled individuals from various fields who have a competent orientation to policy development.
  • The bank is led by an executive team that is highly competent, committed, innovative, and honest, and truthful.

Types of Personal Loan offered by Cosmos Cooperative Bank

There are various types of Personal Loans offered by the Cosmos Cooperative Bank as stated below:

  • Loan for Travel
  • Loan for Medical expenses
  • Loan for Purchase of consumer durables
  • Loan for Higher education
  • Marriage Loan
  • Loan for Family functions

Takeaways from the Article

Some of the most prominent grounds for taking out a personal loan are home renovations, overseas travel, and domestic needs.

You can also leverage a personal loan to help fund some significant and pretty sizeable personal events such as family weddings, trips, and other personal issues such as house remodelling, home renovation, so on and so forth, by choosing the Cosmos Cooperative Bank Personal Loan.

Ujjivan Small Finance Bank Personal Loan @ 11.49% | Interest Rates, Eligibility, Benefits, How To Apply?, Documents Required

Ujjivan Small Finance Bank Personal Loan @ 11.49% | Interest Rates, Eligibility, Benefits, How To Apply?, Documents Required

Ujjivan Small Finance Bank Personal Loan: At the Ujjivan Small Finance Bank, individuals are offered personal loans for meeting their economic needs. There are a number of personal loans that they offer, such as medical loans, educational loans, home loans, home renovation loans, car loans and many more, which help people handle their financial needs smoothly.

The Ujjivan Small Finance Bank, Personal Loan Rate of Interest, is highly attractive, making the process of clearing debt simpler. In this writing, we have also talked about the Ujjivan Small Finance Bank Personal Loan Payment process, which will help you have a better understanding of the process.

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.

We have also included important factors such as eligibility, documents needed, and even the process for applying.

Ujjivan Small Finance Bank

Ujjivan Small Finance Bank Overview

Ujjivan Small Finance Bank is known as a wholly-owned subsidiary and has designed a new personal loan product for salaried professionals, which is a first for small financing banks in India in the personal loan segment.

Personal loans from Ujjivan Bank will assist you in meeting any personal financial needs you may have as well as deal with any unexpected emergencies.

Personal loans from Ujjivan Bank can be used for a number of purposes, including higher education, wedding expenses, medical bills, vacation planning, home improvement, and more.

At the Ujjivan Small Finance Bank the personal loan is intended to give consumers the best financial alternative in their moment of need. These personal loans are fully contactless, with an online application process and competitive interest rates.

Salaried professionals with a monthly salary of more than Rs. 15,000 can apply for Ujjivan Bank personal loans. Loans ranging from Rs 50,000 to Rs 15,00,000 are available to applicants.

Ujjivan Small Finance Bank Features

  • With interest rates as low as 7%, you may save even more money.
  • Unlimited free transactions at Ujjivan SFB ATMs using your choice of debit card – RuPay Classic Debit Card or RuPay Platinum Debit Card
  • A monthly money transfer limit of 3.5 lakhs is provided.
  • Every quarter, you’ll get ten free check leaves.
  • You’ll have access to trying to cut mobile banking in your choice of nine languages.
  • On Debit Card Activation, you will receive a gift voucher worth $150.
  • Annual Debit Card Maintenance Fees are Waived

How to Apply for a Personal Loan in the Ujjivan Small Finance Bank?

As stated previously, the full loan application process can be completed online through the Ujjivan Bank website. There are only four steps to finishing your online application:

  • Go to the ‘Explore Products’ section on the Ujjivan Bank homepage and select ‘Personal Loan.’
  • This page comprises all the information about the personal loan. Once you’ve read and understood them, click ‘Apply Now.’
  • It will guide you to a mould where you can enter your personal information such as names, email addresses, employment information, and date of birth.
  • After you’ve filled in these details, click ‘Proceed.’
  • A bank representative will reach you to assist you with the next stages and to finish the application.

Ujjivan Small Finance Bank Personal Loan Eligibility Criteria

The following requirements for getting a private loan from Ujjivan Small Finance Bank:

  • You must be a permanent resident of India.
  • You must be a salaried employee.
  • Your age should be within 22 and 58 years old.
  • At least Rs. 15,000 should be your net monthly salary.

Ujjivan Small Finance Bank Personal Loan Documents Required

For the application for a personal loan at Ujjivan Small Finance Bank, you’ll need to have the following documents:

  • Proof of Address: This could be a passport, a driving license, an Aadhaar card, or an election ID card, among many other things.
  • Proof of Income: This includes your latest three months’ payslips.
  • Bank Account Statement: This is the statement from your main functional bank account or salary account for the previous six months.
  • PAN Card (Personal Identification Number) (Mandatory)
  • ID Card for the Company

Ujjivan Small Finance Bank Personal Loan Features

The following points are a few of the key features of Ujjivan Small Finance Bank’s personal loan:

  • Flexible loan amount: One can receive a loan for anything between Rs. 50,000 and Rs. 10,00,000.
  • Collateral not needed: One does not need to keep putting up any collateral or security in order to have a personal loan from Ujjivan Small Finance Bank.
  • Flexible loan repayment time: One can return the loan more than a period ranging from one to five years, depending on the needs.
  • Quick approval: Generally, the loan is authorised within four working days of the application being submitted.
  • Borrower insurance: Ujjivan Small Finance Bank offers a loan protection policy in addition to a personal loan for the borrower’s benefit.
  • Interest rate: Ujjivan Small Finance Bank’s personal loan interest rate now starts at 11.49 per cent annually. However, the exact interest rate that applies to an applicant is based upon a number of factors, including the applicant’s credit history, loan amount, and desired tenure, among many others.
  • Value added services: In addition, the bank provides value-added services such as loan insurance to safeguard your personal loan. Loan insurance will cover the payback in the event of an unforeseen event that renders you unable to pay back the loan, removing the burden of repayment from you or your family members.

Types of Personal Loan offered by Ujjivan Small Finance Bank

Group Loans

The Joint Liability Group (JLG) arrangement provides loans with low-interest rates. You can choose an appropriate alternative from the following items depending on the nature and purpose of your needs:

  • Business Loan
  • Family Loan
  • Agriculture and Allied Loan
  • Education Core Loan
  • GL Top-up Loan
  • Emergency Loan
  • Education Loan (Top-up)
  • Loyalty Loan

Features

  1. Amount of loan: 2,000/- to 60,000/-
  2. On a declining balance strategy, the rate of interest is 22% per year (governed by the MCLR based pricing policy of the bank)
  3. Processing Fee: 1.2% per cent of the loan amount (excluding GST) (applicable for loans over 25,000).
  4. 6 months/1 year/1.5 years/2 years tenure

Gold loan

Whether you’re hoping to broaden your business or build your dream home, fund your child’s education, or plan a trip overseas, your gold can now meet your current financial needs. Bring your gold jewellery to any of our stores to apply for a loan with instant approval and no hidden fees. Apply for a Gold Loan today and let the financial power of your gold working for you.

Takeaways from the Article

At the Ujjivan Small Finance bank, individuals are offered various personal loans for supporting their financial needs. The bank offers various types of personal loans such as gold loan, medical loan, ho