Loan

State Bank of Hyderabad Personal Loan @ 15.7% to 16.2% | Registration Process, Rate of Interest, Documents Required and Advantages

State Bank of Hyderabad Personal Loan: When in an urgent situation, a Personal Loan from the State Bank of Hyderabad could enable you to accomplish your varied monetary requests. SBI Personal loan is regarded as an unsecured loan, and it can be leveraged for a host of activities, including managing costs, settling medical expenses, accomplishing ambitions, refurbishing homes, so on and so forth.

Whatever your financial intentions are, a Personal Loan from the State Bank of Hyderabad is an amazing pick.

Furthermore, the SBI Personal Loan rate of interest is very accessible and will help you fulfil your emergency needs. Once you qualify the SBI Personal Loan eligibility requirements, your loan will get sanctioned in no time.

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.

State Bank of Hyderabad

State Bank of Hyderabad Overview

Like many places having a regional bank, the state bank of Hyderabad is a regional bank of Hyderabad. It is one of the five associate banks of the State Bank of India and also a nationalized bank in India in the public sector. State Bank of Hyderabad was founded by the seventh Nizam of Hyderabad Osman Ali Khan and has its headquarters at Gunfoundry, Abids, Hyderabad, Telangana.

The Bank was founded in 1941 named the Hyderabad State Bank, San 1956 until 31 March 2017 is now associated with SBI, and it merged with SBI on 1 April 2017. It has over 2,000 branches and has 18000 employees crossing its Business of 2.4 trillion on 31 December 2015 and has a net profit of 8.12 billion.

State Bank of Hyderabad Personal Loan Features

  • The interest rates do not change, so you must note the whole duration of loan repayment.
  • There are simply available documents needed to get the loan, so the process becomes much faster.
  • Easy processing of the loan and the personal loan application.
  • Interest rates are very competitive and attractive for the candidates.
  • May give special schemes and exemptions for large companies taking loans.
  • If it is a salaried or Business account linked to this Bank, the Bank will cut the amount regularly at the end of the Bank upon access.
  • The candidate’s location determines the salary amount and the loan amount that you are eligible for; it can be higher in metropolitan cities or can fluctuate based on the type of city there in the loan amount.
  • If a person has some fixed assets or stays at a housing which is then you have the capacity to repay the loan, and the company’s Employment can make the process smoother.
  • No rigid security system is there, so taking the loan is fast.
  • You can pay the loan through a check or cash deposited every month in hand to the Bank.

How to Apply for a Personal Loan in the State bank of Hyderabad Bank?

You can follow the online or offline process, whichever you find convenient. But, first, you need to fill the loan application form, which authenticates personal and professional details and submit it along with the documents checklist at your nearest bank branch or online.

Online Application: One can apply for personal loans online through the state bank of Hyderabad’s website. Individuals can fill up their personal information and work details and upload all the necessary documents for the loan. Individuals can also apply after checking their eligibility for the loan.

Offline Application: Individuals can visit any branch of the Hyderabad branch Bank and all the documents and information required, fill the form and get their loan approval process to start.

State Bank of Hyderabad Personal Loan Eligibility Criteria

  • The candidate applying has to be from the age group 21-60 years.
  • Should be of sound mind and a job holder or Business to repay the amount with interest as asked.
  • The candidate should be an employee of a private limited company or a public sector like the central, local or state body.
  • The candidate’s income must be at least Rs.15,000, working with a minimum of two years of work experience at a government or private company.
  • The candidate takes the known requirement for the credit score and should not be a negative customer or be under too many debts.
  • Should have some documents of address proof, age proof and employment proof.

State Bank of Hyderabad Personal Loan Documents Required

  • Personal loan Application form signed in proper places
  • Two Photographs preferred current
  • Identity proof Aadhar Card, passport, driving license etc.
  • Income proof for salaried individuals is the latest salary slip and recent certificates and deductions.
  • Income proof for non-salaried individuals is the income tax returns of the last two financial years.
  • Address proof with the bank statement, electricity bill, credit card statement on mobile bill latest.
  • Bank statement for the passbook provided by the Bank with entries of the certificates last six months.

For NRI applicants, the accompanying documents are mandated:

In addition to a properly filled loan application form, NRI personal loan applicants must provide the necessary documentation:

In addition, any of the following photo ID proofs are officially accepted.

  • Copy of the passport
  • Copy of the visa
  • Any one of the following documents is accepted as verification of Employment.
  • Letter of Appointment
  • Job contract
  • Labour/ Identity card (if applicable)
  • Official email ID

Any of the below documents can be presented as income verification.

  • Bank statements from the previous six months
  • Valid salary slips or salary certificates from the previous six months
  • Photograph Requirements are also there.
  • Copies of coloured passport size photograph

Reasons for Rejection of the Loan

There are a few reasons for which a loan can get rejected from the Bank for all the SBI related banks. A good score reflects how responsible in handling your finance. Lenders consider it an important criterion to evaluate the borrowers’ creditworthiness. Having a poor credit rating is going to hurt your loan eligibility.

About the Repayment of State Bank of Hyderabad Personal Loan

  • Minimum: Rs. 25,000 & Maximum: Rs. 5 Lakhs is the loan as per eligibility
  • The reimbursement facility is also available through the branch channel.
  • The loan will be over and above the existing loans if any.
  • 60 months (including three months moratorium)
  • The loan has to be repaid in 57 EMIs, including interest charged during the whole period.
  • 50% is the rate of interest (minimum 100 bps lower than a similar unsecured product of the Bank)
  • Processing fee: 1.50% of the Loan Amount (subject to minimum 1000 & maximum 15000) with GST included.
  • Penal Interest @2% p. m would be charged over and above the applicable interest rate on the overdue amount for the period of default.
  • Prepayment charges of 3% on prepaid amount. No prepayment/ foreclosure charges if an account is closed from the proceeds of a new loan account under the same scheme.

Takeaways from the Article

In this article, we have seen what the eligibility criteria are, what the documents are required and most importantly, what features should say what this Bank is apart from the other. The article will be helpful for individuals looking for a loan. The insights provided about the interest rates and the different features of the personal

Sutlej Kshetriya Gramin Bank Personal Loan @ 14.50% | Features, Benefits, Eligibility, Advantages and How To Apply?

Sutlej Kshetriya Gramin Bank Personal Loan: At Sutlej Kshetriya Gramin Bank, personal loan interest rates start at 14.50 percent and go up from there. You may apply for personal loans online. Find out about the purpose of a personal loan from Sutlej Kshetriya Gramin Bank, eligibility, margin, repayment of a personal loan, security, and documentation requirements for a personal loan from the Sutlej Kshetriya Gramin Bank EMI calculator and eligibility calculator provided below.

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 article deals with various aspects of the Bank, especially  Sutlej Kshetriya Gramin Bank home loan features, a guide to Sutlej Kshetriya Gramin Bank business loan application online,  and much more.

Sutlej Kshetriya Gramin Bank

Sutlej Kshetriya Gramin Bank Personal Loan Overview

Sutlej Kshetriya Gramin Bank is an Indian Gramin bank formed on the 7th of March, 1977. Sunity Road, Cooch Behar – 736 101, West Bengal is the address of the organisation’s headquarters in Cooch Behar. It operates 149 branches around the state.

Its customers offer various financial services, including savings deposits, fixed deposits, recurring deposits, loans, personal loans, net banking, RTGS, NEFT, IMPS, Atal Pension Yojana, and Pradhan Mantri Awas Yojana.

It also offers a variety of other financial products and services. The Jandhan Yojana and the Pradhan Mantri Suraksha are examples of government initiatives. In addition, Pradhan Mantri Jeevan Jyoti Bima Yojana, Bima Yojana, and a slew of other schemes are available.

How to Apply for a Personal Loan in the Sutlej Kshetriya Gramin Bank?

One may submit an application online on the Sutlej Kshetriya Gramin Bank website by entering your personal details and work details and attaching any supporting papers that are required. After determining your loan eligibility, you may submit an application.

Sutlej Kshetriya Gramin Bank Personal Loan Eligibility Criteria

An individual successfully qualifies for a personal loan if they are salaried or self-employed. One should fulfill the following eligibility criteria before applying:

  • Age: The set age for an applicant should be met, which is 21 to 58 years.
  • Repayment skills: It is essential that as an applicant, one must be employed or do business for a certain number of years.
  • Current EMIs: The applicant should not have any pending loan liabilities and be able to acquire additional debts.
  • Credit Rating: One of the critical elements is to hold a bank-specified credit score and credit history.

Sutlej Kshetriya Gramin Bank Personal Loan Documents Required

  • Photographs
  • A passport, a voter identity card, a driver’s licence, or any acceptable forms of identification.
  • As evidence of income, you can use your tax returns from the two years before (for other than salaried individuals)
  • In addition to a bank account statement, a power bill, a mobile/telephone bill, and a credit card statement, proof of residency include other papers. The rental agreement for a property that is currently in place
  • You’ll need a six-month bank statement or passbook.

Sutlej Kshetriya Gramin Bank Personal Loan Features

Every Bank around the globe provides receiving facilities but with some different exceptions that need them superior from one another.

  • The borrowing amount is limited
  • There are a variety of choices for loan repayment.
  • Processing personal loan applications are quick and simple.
  • Approval of the needed loan within 24 hours
  • The Bank does not require the presence of a guarantor.
  • Interest rates that are both competitive and attractive
  • Employees of huge corporations might take advantage of special programmes and discounts.
  • Good repayment options with multiple options.

Sutlej Kshetriya Gramin Bank Personal Loan Advantages

According to the Bank, Sutlej Kshetriya Gramin Bank provides its clients with bespoke products tailored to meet their customer groups’ individual needs. Sutlej Kshetriya Gramin Bank also provides the following services which make them customer-friendly:

  • There will be no involvement by the Bank in the operation of the applicant’s business.
  • Loan to a Business from Sutlej Kshetriya Gramin Bank
  • ATM transactions at Sutlej Kshetriya Gramin Bank and other VISA ATMs in India are completely free of charge for everyone.
  • There are no fees associated with NEFT/RTGS transactions or demand draughts.
  • Once the loan has been granted, it is convenient and simple to obtain the funds.
  • A reimbursement account is a separate current account used to manage reimbursements in a streamlined manner.
  • The company provided instant Welcome Packs to aid with the digital account opening (IWP).
  • Applicants that have a long-standing relationship with the Bank will receive reasonable interest rates.
  • Personal and home loans are offered at preferential rates.

Takeaways from the Article

Personal loans are one of the most helpful loans that many banks often sanction throughout the globe. Personal loans require less security and more repayment advantages to cover the expenses.

The main work of a personal loan is to act as a credit to the customer’s verification and approval process. There are features like payment of the loan, documents of loan, EMI of lo

Punjab And Maharashtra Cooperative Bank Personal Loan | How To Apply?, Advantages, Eligibility Criteria, Reasons for Rejection

Punjab And Maharashtra Cooperative Bank Personal Loan: Bank of Punjab and Maharashtra is an Indian cooperative bank. In Mumbai, the company’s headquarters are located. On February 13, 1984, the Punjab and Maharashtra Cooperative Bank was established, including 140 sub-branches.

Among the many financial products and services it offers, there are many different savings accounts and fixed deposit products like the Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, and Pradhan Mantri Suraksha Yojana. There are also several different types of personal loans, such as the personal loan, the car loan, the education loan, the gold loan, and the PPF account. Many other government assistance programs are available, including the Pradhan Mantri Jeevan Jyoti Bima Yojana and others.

You can learn more about Punjab and Maharashtra Cooperative Bank by:

  • Visiting their official website
  • Finding out where their ATMs are located across the country,
  • Knowing where their branches are located across the country,
  • Learning how to contact Punjab and Maharashtra Cooperative Bank customer service representatives
  • Learning how to get Punjab and Maharashtra Cooperative Bank’s corporate headquarters.

Personal Loan Purpose, Eligibility, Margin, Repayment, Security, and Documentation Required for Personal Loan are all listed here.

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 Maharashtra Cooperative Bank

Punjab And Maharashtra Cooperative Bank Personal Loan Advantages

  • The most you can borrow as per your requirement and eligibility
  • Loans can be paid off in a variety of ways.
  • Personal loans can be approved rapidly and effortlessly using this service.
  • Loans are approved quickly.
  • You don’t need to provide a guarantor to the bank for the approval of the loan.
  • Affordable and alluring interest rates
  • To reward staff of huge corporations, the company offers exclusive deals.
  • Personal loans often do not require any collateral to be put up as a form of security.

How To Apply for Punjab and Maharashtra Cooperative Bank Personal Loan?

Apply Online: The Punjab and Maharashtra Cooperative Bank website allows you to apply online by entering your contact and employment information and attaching any required supporting documentation. After validating your loan eligibility, you can use it.

In-person: You can go to any Punjab and Maharashtra Cooperative Bank branch with all necessary paperwork, fill out the form, and begin the loan approval procedure.

The Punjab and Maharashtra Cooperative Bank is offering a personal loan for a variety of reasons:

A wide range of financial needs, such as a vacation abroad, a house move, a wedding, the payment of credit card bills, the repayment of an existing loan and many more, can be met without the need to keep any collateral or property.

Punjab And Maharashtra Cooperative Bank Personal Loan Eligibility Criteria

  • For those between the ages of 21 and 58 years.
  • Public sector personnel, including those employed by the state and federal governments, private corporations, and reputable institutions.
  • Regularly paid employment, whether through a job or one’s own business.
  • Up to three years of experience in the current job/business/profession.
  • Personal Loan Documentation Required by the Punjab and Maharashtra Cooperative Banks
  • The personal loan registration form has been completed and signed.
  • Photographs
  • Government department ID cards, Passports and Voter ID cards are examples of acceptable forms of identification. Aadhar cards and government ID cards are also acceptable forms of identification.
  • a recent pay stub or Form 16 showing all deductions, as well as a current certificate of employment, as proof of income (for salaried individuals)
  • Income tax returns record of the person of last two years as proof of income.
  • The latest utility bill (electricity or gas), phone or cell bill, and credit card statement are examples of acceptable proof of address. a current leasing arrangement for a residence.
  • Statement or entries in the passbook of last six months

Repayment of Punjab And Maharshtra Cooperative Bank Personal Loan

Repaying the loan can be accomplished in a variety of ways, including:

  • At your bank, you can set up a “standing order.”
  • Internet banking is made possible by this technology
  • Through ECS, ECS payments can be automated (Electronic Clearing Service)
  • The bank’s Mobile Banking App, if available.

Reasons for Rejection of Punjab And Maharshtra Cooperative Bank Personal Loan

The three most common reasons for a personal loan application to be rejected

Having a low credit rating: If you have a good credit score, lenders will be confident that you will repay the loan and avoid defaulting. A good credit report is vital for a lender to gain the trust of a borrower. Lenders often turn down personal loan applications with low credit scores. A unique loan application may be rejected if the applicant’s credit score is lower than 750 points.

More Debt Already Obtained: The bank or credit union may turn down a credit application with a high loan-to-income ratio (more than 40%).

An Increase in Loan Requests: When you apply for a loan, the lender will request a copy of your credit report from one or more credit agencies, a process known as an inquiry. Such inquiries are recorded in your credit report by the credit bureau as “hard inquiries.” Even if the service is free, you should limit the number of inquiries you make. Your credit score suffers if you ask an excessive number of questions.

Myths about Personal Loans

The Lowest Interest Rate Personal Loan Is the Best: Personal Loans with the lowest interest rates are not always the best option. Choosing the best lender for a personal loan isn’t just about the interest rate. These include the processing charge, the amount of money that can be borrowed, the length of the repayment period, and other loan terms.

Personal Loan EMIs rise when the interest rate rises: A rise in interest rates would not affect loans with fixed interest rates. If you don’t want to see an increase in EMIs on a floating rate loan, you can increase the loan term.

If you don’t have a steady source of income, your loan application will be rejected: A personal loan application can also be granted, even if a person’s regular income source is not consistent enough for her to qualify for a personal loan. It’s possible to get approved for a loan if you can get a co-borrower with a steady source of income to sign on.

Loans with longer repayment terms are preferable: It’s a common misconception that having a longer payback period means the borrower will have to pay smaller monthly payments, but this isn’t always the case. For a longer amount of time, you’ll have to pay interest.

Non-Negotiable Interest Rates: Customers with excellent credit and a stable source of income can bargain with lenders for reduced interest rates.

Having a high credit score is a given blessing: A strong credit score does not ensure the acceptance of a personal loan because the lender considers other variables such as income, regularity of income, employer, type of employment, and so on during the loan approval procedure.

Poor credit won’t let you get a personal loan: During the house loan application process, a credit score is only one of several factors used to determine whether or not the loan application will be approved. You can still receive a home loan with a low credit score but a higher interest rate. If a home loan is granted, it is also affected by criteria such as a person’s age and income. Several cooperative banks and NBFCs can help you get a home loan even if you have a bad credit score.

Oriental Bank of Commerce Personal Loan @ 8.95% – 14.00% | Features, Purpose, Eligibility Criteria, How To Apply?, Documents Required

Oriental Bank of Commerce Personal Loan: Oriental Bank of Commerce is one of the most trusted public sector banks in India founded by Raj Bahadur Sohan Lal. He was the first chairman of this Bank. Its headquarter is situated at Gurgaon, Haryana. This Bank had approximately 2390 branches along with 2625 ATMs In all over India. In the year 2020, this Bank was merged with Punjab National Bank on 1st April. This Bank provides its services from urban to rural areas all over India. In 2018, this bank was awarded the title of ‘The Best Performing Bank under the Atal Pension Yojana’ by the Pension Fund Regulatory and Development Authority.

Oriental Bank of Commerce provides every type of banking facility and service as like as personal loans, credit cards, internet banking, Mobile banking, deposit accounts, insurances, ATMs, etc.

Oriental Bank of Commerce offers different types of personal loans schemes. If you need any funds for an urgent need, a personal loan is one of the best options for you. Here you can get many attractive as well as many competitive interest rates. Now you need to read on and find out every detail of the personal loan offered by Oriental Bank of Commerce.

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.

Oriental Bank of Commerce

Oriental Bank of Commerce Overview

Interest Rates 8.95% – 14.00%
Loan Amount INR 5,00,000 (Max. 5 months salary)
Tenure 1-5 Years
Processing Fees 0.5% of the loan amount (min INR 500)
Pre-Payment Nil

Oriental Bank of Commerce Personal Loan Features

  • Here you can lend the maximum amount of money. (INR 5,00,000)
  • Repayment options for multiple loans are available here.
  • This Bank provides very fast and easy processing of personal loan applications.
  • Approval of personal loans is done quickly.
  • There is no guarantor is needed for a loan application.
  • You can find a suitable interest rate as you want.
  • A personal loan doesn’t require any type of security.

How to Apply To Get A Personal Loan from Oriental Bank of Commerce?

  • Online Mode: If you want to apply for a personal loan from Oriental Bank of Commerce in online mode, you have to check out the website of this bank and then fill the form with your personal information and then you have to upload the necessary documents.
  • Offline Mode: On the other hand, you can apply in offline mode to get a personal loan. For that, you need to visit personally any near branch of the Bank along with all the required documents such as identity proofs, and then you have to fill the form properly.

Oriental Bank of Commerce Personal Loan Purpose

A personal loan is a kind of borrowed money that is used for an urgent need or any type of temporary use. You have to pay back the total money in monthly installments over a few months or maybe years.

To get a personal loan approval you need to show some purposes. They can be

  1. Debt Consolidation: Debt consolidation is used by the consumers paying off a small debt in only one go by taking one big loan. It is one of the most common reasons to take a personal loan. So when you are going to apply for a personal loan and then use paying off the other loans, you are uniting all the outstanding balance is into one monthly payment. It is the best reason for those who have lots of high debt.
  2. Home Remodeling: Any homeowner can take a personal loan for the renovation of their house such as repairing, home painting, new fixtures, etc.
  3. Moving Costs: When you are moving out, you need extra money to cover your expenses. A personal loan can help you to move all of your household belongings from one place to another place. You can also stay in a comfortable place when you are moving somewhere.
  4. Appliance purchases: When you need to buy any kind of household or electronic appliance suddenly, a personal loan is a great option for you. It allows you to purchase that product easily and provides a big relief.
  5. Wedding Expenses: For the families who don’t have that proper amount of money to cover a whole wedding ceremony, a personal loan can help them. You can apply for a personal loan to pay each expense used in the wedding.
  6. Vacation cost: To cover the cost of a luxurious vacation trip, a personal loan is one of the best ideas for you. A personal loan can help your financial condition and you can easily make your dream successful.
  7. Vehicle Financing: If you need to buy a vehicle urgently, a personal loan is available.
  8. Emergency purposes: For any type of emergency cost or something else that needs immediate action, you can apply for a personal loan.

Oriental Bank of Commerce Personal Loan Eligibility Criteria

For Government /PSU employees

  • The applicant must be a permanent and confirmed employee.
  • The application should have a salary account with this bank.
  • The monthly salary should be at least Rs. 10, 000.

For Corporate Employees

  • The applicant must be a permanent employee.
  • Up to three years of experience is needed in the present job.

For the Pensioners

  • An individual applicant’s age should not be more than 75years.
  • If the applicant is a family pensioner, his/her age should not be more than 70years.

Oriental Bank of Commerce Personal Loan Documents Required

  1. The personal loan form must be filled out and signed properly.
  2. Photographs
  3. Any kind of identity proof such as Aadhar card, driving license, PAN card, Voter ID card, etc.
  4. Proof of income like the latest salary slip which shows all deductions.
  5. Address proof like Bank account statement, lastest electricity bill, latest mobile or telephone bills, latest credit card statement, etc along with the existing house lease agreement.
  6. Bank statement or the Bank Passbook with the entries of the last six months.

Some Personal Loan Myths

  1. Prepayment of a personal loan always attracts a penalty: It is baseless when someone says that prepayment of a personal loan always attracts a penalty. It depends upon the lenders for the charges of any prepayment penalty. Many lenders don’t charge any prepayment penalty.
  2. A personal Loan which has the lowest interest rate is the best: It is wrong that a personal loan at the lowest interest rate is best. You can find many other important components which matter a lot when you select the best lender for your loan. These components include processing fee, eligible amount, tenure of loan repayment, etc.
  3. If you don’t have regular income then your Loan application gets rejected: You can get a chance personal loan application approved even in case you don’t have a regular source of income. You have to add a joint holder having a regular income and then your loan approval will be given.
  4. Longer Personal Loan Repayment tenure is better than any others: It is not true that longer personal loan repayment tenure is better as the borrower will need to pay lower EMIs he/she can pay comfortably. Higher interest outgo is brought by longer repayment tenure. One has to pay interest for a long period.
  5. Interest rates are impassible: The interest rates on the personal loan vary from the customers to the customers. A person with a proper credit score along with good income can negotiate on the interest rates with the lenders and it can get comparatively some lower interest rate loans.
  6. Personal loan approval is guaranteed by a good credit score: If you carry a good credit score it doesn’t mean that you can get Personal Loan approval very easily. There are also so many factors like income, regularity of income, employer, employment type, etc by which the lender considered during the loan approval process.
  7. If you have a poor credit score, you can’t get a personal loan: A credit score is one of those factors which consider getting your loan approval. Your application to get Personal Loan can be rejected with a good credit score because of the other factors which are not up to the mark. A home loan is sanctioned depending on other factors like the borrower’s age, the applicant’s income, etc. When the major banks don’t provide a home loan with a poor credit score then the cooperative banks are there to give the Personal Loan.

Reasons for the Rejections Of Personal Loan

  • If the credit score is very poor: A credit score is a number that represents a person’s financial and credit standing and ability to obtain the financial condition. A good credit score refers to one’s credibility to repay the loan without any defaults. Their lenders need to understand the risk of default. A person with a credit score of 750 may face an issue to be rejected from getting a personal loan.
  • If the size of the existing Debt is high: If you have already taken a lot of loans and the loan net income ratio is above 40% then your loan application may be rejected by the leaders.
  • If the Loan inquiries are high in numbers: Whenever you apply for credit, you are asked for your credit report from the credit bureaus by the lenders which is called an inquiry. The credit bureau considers such inquiries which are called hard inquiries and it is mentioned in your credit report. You should not make too many inquiries even it is available free of cost. It will impact a negative effect on your credit score.

Conclusion on Oriental Bank of Commerce Personal Loan

So, we have witnessed that taking a personal loan is a great decision to cover the extra funds or expenses. Getting a personal loan is a good idea but you should have a stable income for covering the repayment process. On the other hand, the best part is you can use the personal loan for any purpose. The interest rate is quite lower than the regular credit cards. If you have a good credit score along with the other factors, you can surely apply for a personal loan. It’s a suitable financing option for the consolidation of existing debts.

IDBI Bank Personal Loan @ 9.50% | Eligibility, How To Register, Documents and Definition

IDBI Bank Personal Loan: Do you seek monetary support? Applying for a personal loan should help you accomplish your financial objectives, whether you’re experiencing an extra expense or want to initiate substantial house maintenance.

It will not only help you combine your obligations, but it will also assist you in making bulk transactions.

IDBI Bank personal loans are a fantastic opportunity because of their customizable repayment schedule and affordable interest charges. IDBI Bank personal loans provide versatile repayment plans ranging from 1 year to 5 years, with interest rates starting at 9.50 percent p.a. and administrative costs as minimal as 1% of the loan amount.

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 IDBI Bank Personal Loan Eligibility is very basic, and IDBI Bank Personal Loan apply Online is completely hassle-free and straightforward.

Hence, it is an ideal choice. In this article, we’ve carried out a thorough assessment of the loan provided by IDBI and have broken down its components like the IDBI Bank Personal Loan rate of interest for your comprehensive understanding.

IDBI Bank

IDBI Bank Overview

The Industrial Development Bank of India is also known as the IDBI Bank. Earlier, it was an apex Development Financial Institution in the field of industry and was established on July 1st, 1964. In 2004 it was converted into a completely functioning bank. With over 1890 barnches and over 3300 ATMs, IDBI Bank has surely touched the lives od millions.

IDBI Bank Features

The IDBI Bank has certain features which make them stand out and different from its competitors in the market. Some salient features of the IDBI Bank are

  • They have a world-class system and process to meet the needs of their customers and also help them in improving their business efficiency.
  • They provide their customers with excellent services and provide them with the best financial solutions.
  • The bank has a very ethical, responsible, and very transparent approach and is slowly creating a benchmark in corporate governance.
  • The IDBI Bank has an ever-expanding global presence.
  • They maintain a healthy work environment in the bank and often encourage their employees to grow and become more efficient.

How to Apply for a Personal Loan in IDBI Bank?

One can apply for a personal loan in the IDBI Bank very easily. It is a three-step program and it follows

  • The first step is to get in contact with the bank with the help of their toll-free numbers. They have a 24×7 program.
  • The next step is to visit the nearest branch of the bank.
  • Then the individual will receive a call from the bank representative. This means that the individual’s personal loan application has been accepted by the bank.

To register for the personal loan online, the consumer will have to follow the given instructions.

  • At first, the consumer will have to visit the official website of IDBI Bank.
  • Next, they will have to click on the ‘net banking’ option, which is present on the top right side of the screen.
  • They will have to click on the dropdown and consequently select the ‘personal’ option.
  • Next, they will need to click on the ‘login’ option and continue.
  • After entering the valid credentials like the login ID, they will need to click on ‘continue to login

IDBI Bank Personal Loan Eligibility Criteria

The minimum eligibility criteria for salaried and self-employed professionals are as mentioned below:

  • The basic requirement is that the consumer must be a resident of India.
  • The age of the consumers must be between 21 years and 60 years. The maximum age for pensioners allowed is 75 years.
  • The yearly income of the salaried class applying for the loan must be a minimum of INR 1.8 lakhs per annum.
  • The yearly income of the self-employed professional class applying for the loan must be a minimum of INR 3.6 lakhs per annum.
  • The yearly income of the self-employed non-professional class applying for the loan must be a minimum of INR 5 lakhs per annum.
  • The minimum loan amount which is allowed is Rs.25,000, and the cap loan amount extends to Rs.5 lakh.
  • The maximum available loan duration here is 60 months or five years.

The minimum eligibility criteria for salaried in-built Over Draft account and in-built Over Draft IDBI Pensioners account are as mentioned below:

  • The age of the consumers must be between 22 years and 65 years. The maximum age for IDBI pensioners allowed is 75 years.
  • The maximum loan amount permissible is five times of net salary.
  • Overdraft facility of 1 year for IDBI pensioners is allowed, which extends to 2 years for salaried account holders

IDBI Bank Personal Loan Documents Required

Given below is a comprehensive list of all the documents required for applying for a loan.

  • A copy of your Aadhaar card or PAN card or Voter ID or Passport or Driving License etc. is required as photo identification proof.
  • A photocopy of your recent Electricity Bill, which mandatorily should not be more than three months old, or a Passport or Ration Card is necessary as proof of your residential address.
  • A copy of salary account bank statements for the past six months is required for salary verification, along with the salary slips for the last three months.
  • A certificate issued by the employer mentioning one year of continuous employment with the current employer is essential.
  • Form 16 or the acknowledged Income Tax Returns for the last two years is also required.
  • A filled application form with a signature and three passport-size photographs attached is required.

IDBI Bank Personal Loan Features

The personal loan of the IDBI Bank has certain features which make them different from the personal loan provided by other banks. Thus the features of the personal loan of the IDBI Bank are

  • They have a high maximum limit of up to five lakhs.
  • The repayment period can extend up to a period of sixty months.
  • The bank does not issue any security for applying for a personal loan.
  • The bank does not enforce any pre-payment penalty on its customers.
  • The bank has a quick and easy processing of the loan application.
  • The bank does not usually take much time in loan approval.
  • The bank provides special offers and schemes of discounts for employees of big organisations.

Types of Personal Loan Offered by the IDBI Bank

The IDBI Bank provides Personal Loans of different types which are

  • IDBI Bank offers personal loans to salaried persons, retirees, self-employed individuals, and non-professionals to support their own economic obligations.
  • Customers who have a pension account with IDBI bank are suitable for this program. The maximum overdraft limit is five times the monthly net pension amount.
  • Consumers who have a salary account with an overdraft feature are also entitled. A person must be a permanent employee with a minimum of one year of unbroken employment for any of the following to be considered for the financial advantage:
    • Government/Semi-Government/Quasi-Government entity.
    • Recognized Organisations.
    • Multinational Corporations.
    • Public or Pvt. Ltd Co.

Takeaways from the Article

Thus, this concludes the article detailing personal loans and, in particular, IDBI Bank Personal Loan. It is very necessary to understand the basics requirements and 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.

Apart from the details provided in the article one must always read carefully the terms and conditions a specific bank puts out before applying to it for a loan.

State Bank of Travancore Personal Loan | Loan Amount, Interest Rates, Eligibility Criteria, Documents Required, Features and Benefits

State Bank of Travancore Personal Loan: Personal loans are a perfect solution if you are falling short of cash for your dream vacation or destination wedding. Besides that, personal loans can also come in handy during medical emergencies.

Are you looking for an instant personal loan with minimal interest rates? Well, the State Bank of Travancore Personal Loan has you covered. In this article, we have provided all the details regarding the interest rates of the personal loan as well as the personal loan documents required.

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.

State Bank of Travancore

  • State Bank of Travancore Personal Loan Overview
  • State Bank of Travancore Features
  • How to Apply for a Personal Loan in the State Bank of Travancore?
  • State Bank of Travancore Personal Loan Eligibility Criteria
  • State Bank of Travancore Personal Loan Documents Required
  • Reasons for Rejection of the Loan
  • State Bank of Travancore Personal Loan Features
  • Types of Personal Loan offered by the State Bank of Travancore
  • Takeaways from the Article
  • State Bank of Travancore Personal Loan Overview

    State Bank of Travancore (SBT) was one of the major Indian banks based in Thiruvananthapuram, Kerala, and a principal associate of the State Bank of India. State Bank of Travancore was a subsidiary of the State Bank Group, but it also had private shareholders. It was Kerala’s premier bank.

    As of March 31, 2015, SBT had 1,157 branches and 1,602 ATMs spread across 18 states and three union territories. The Union Cabinet accepted a proposal to merge the State bank of Travancore and four other associate banks with SBI on February 15, 2017. It merged with its parent bank on March 31, 2017.

    State Bank of Travancore Features

    • The bank requires minimal documentation of the applicant.
    • The application for the personal loan is approved quickly, making it easier for the applicants.
    • The applicant can choose from a wide variety of repayment options for the personal loan.
    • The State Bank of Travancore has relatively appealing and competitive interest rates.
    • Special deals and discounts are available for employees working in large firms.

    How to Apply for a Personal Loan in the State Bank of Travancore?

    When it comes to applying offline, you will have to visit the nearest branch of the State Bank of Travancore, fill in the form, and submit it at the counter with your signature and documents. This starts the approval process for your application.

    State Bank of Travancore Personal Loan Eligibility Criteria

    • The applicant must be within 21 to 60 years of age.
    • The applicant has to be an existing customer of the State Bank of Travancore.
    • The applicant needs to have a regular monthly income and can either be salaried or self-employed.
    • In terms of salaried individuals, the applicant must have completed one year of service in their current organization.
    • As for self-employed individuals, the applicant needs to have a profit-earning for at least the past 12 months.
    • CIBIL score of the applicant must be more than 700.

    State Bank of Travancore Personal Loan Documents Required

    • Two passport-sized photographs of the applicant are a must.
    • Applicants need to submit a copy of either their passport or driver’s license or Aadhar card or voter ID card as proof of identity.
    • Applicants should submit any of the following as proof of address: Utility Bills, Rent Agreement for a minimum of one year at the address, Ration card, Passport as proof of permanent residence.
    • Individual income tax returns for the last two fiscal years, salary slips for the previous six months, and bank statements for the previous three months are required to prove income.
    • For self-employed individuals, they must submit all company documents along with all Income Tax Returns.
    • The individual must also submit any other documents when required by the bank.

    Reasons for Rejection of the Loan

    There might be situations when your loan application might be rejected. Following are some of the common reasons for rejecting the loan application.

    • Low Credit Scores: If the bank finds the applicant’s credit scores below 700, then the bank rejects the loan application.
    • High amount of existing debts: If an applicant has any existing loans which are very high in amount, the bank can reject their application.
    • Many inquiries: If an applicant makes too many inquiries about a loan, their application can be rejected.

    State Bank of Travancore Personal Loan Features

    • The State Bank of Travancore gives a personal loan from Rs. 24,000 to a maximum of Rs. 10 lakhs.
    • The interest rate for the personal loan is as low as 9.99% per annum.
    • The repayment period of EMIs for the loan ranges from 12 months to a maximum of 72 months.
    • The bank does not require the applicant to provide any security; however, it depends on the amount of loan taken and certain other factors.

    Types of Personal Loan offered by the State Bank of Travancore

    Marriage Loan by State Bank of Travancore

    For Indians, the most expensive event is a wedding. State Bank of Travancore offers low-interest personal loans to help you manage your finances and celebrate without stress.

    Personal Loan for Government Employees

    The State Bank of Travancore offers special rates and benefits to government employees and military personnel. It provides lower processing fees, higher loan amounts, and flexible repayment terms to public sector employees.

    Doctor Loan by State Bank of Travancore

    Doctors who have been practising for at least four years are eligible for special offers and discounts from the State Bank of Travancore to help them meet their personal and professional expenses.

    Personal Loan for Pensioners

    Personal loans for pensioners are made possible by the State Bank of Travancore, which offers flexible repayment terms, low-interest rates, and reduced processing fees. Your pension should be deducted from the bank’s account.

    Personal Loan Balance Transfer Facility

    Existing personal loans causing you problems can be transferred to the State Bank of Travancore at no extra cost. The bank will offer you lower personal loan interest rates and simple EMI options.

    Personal Loan Top-up Facility

    Anyone with a State Bank of Travancore personal loan can get a top-up for additional funds and requirements without having to apply for a new loan.

    Takeaways from the Article

    The State Bank of Travancore is one of the most suitable personal loan options available in today’s market. They provide very cheap and affordable interest rates, and the applicants have a more extended period of time to repay the loan amount. Besides that, the State Bank of Travancore has various options to choose from in terms of personal loans. Be it loans for pensioners or loans for government employees; they have got you covered at any time. However, it is essential to remember that you should meet the eligibility criteria to get approved for the loan.

    The Nainital Bank Personal Loan @ 11.95% | Eligibility, Factors, Documents Required and Rate of Interest

    The Nainital Bank Personal Loan: A personal loan refers to an unsecured loan granted to individuals based on their income level, employment history, etc. The amount of loans needs to be paid back to the bank within the stipulated time along with the bank’s interest rate. The personal loan provided at the Nainital Bank has amazing features, and hence an individual must apply for it.

    The Nainital Bank toll-free number is always available, and their personnel is very considerate and well-behaved. They have their Personal loan EMI calculator using which the calculation of EMI becomes much easier.

    In this article, we will discuss the Nainital Bank Personal Loan interest rates, their eligibility criteria, the documents required, and similar things.

    The Nainital Bank

    The Nainital Bank Overview

    The Nainital Bank is a limited scheduled commercial bank that was founded in the year of 1992. It is a subsidiary of the Bank of Baroda and has headquarters at Nainital, Kumaon. Mr. Dinesh Pant is the CEO of the bank, and it is under the Ministry of Finance, Government of India.

    The Nainital Bank currently has 163 branches, and the bank offers personal loans, gold loans, private banking, consumer banking, corporate banking, etc.

    How to Apply for a Personal Loan in the Nainital Bank?

    To apply for a personal loan at the Nainital Bank, one firstly needs to meet all their eligibility criteria and must have the required documents as well.

    The individual needs to visit the bank’s online portal. They need to log in and fill in the application form with the required details and information regarding their personal loan. The required details may include the name of the individual, their age, address, income, amount of the loan they are applying for, etc.

    Next on the line of priority, they need to submit the application form along with the information they filled in. After the submission, the processing of the application will be done by the bank, and the loan will get either approved or rejected.

    There is another way to apply for a personal loan in the Nainital Bank. For that, the individual needs to visit the nearest branch of the bank. Then the application form needs to be filled in, and the applicant must also submit the required documents.

    After the submission is over, the processing of the application will be done by the bank. This may take around 30 days, and then the approval or rejection of the loan will be known. An individual can also contact the Nainital Bank contact number and apply for a personal loan.

    If an individual wants, they can even track the status of their personal loan application both offline and online.

    The Nainital Bank Personal Loan Eligibility Criteria

    Each bank has certain criteria that an individual needs to meet to get a personal loan. The Nainital Bank also has such criteria that estimate the eligibility of an individual for receiving a personal loan. The list of criteria that makes an individual eligible for the Nainital Bank Personal Loan is given below.

    • The age of the candidate registering for the personal loan must be between 21 to 65 years.
    • The individual applying for the loan must be an Indian.
    • The minimum income of the individual must be between Rs. 4,000 to Rs. 20,000 per month. The income will vary according to their area of living.
    • The individual must be employed. They must be either salaried personnel or self-employed personnel.
    • If self-employed, the employment should be at least for two years. If salaried, the individual must work at least for a year with their current employer.
    • The highest loan amount that an individual can apply for is Rs. 70 lakhs. It may vary according to their capability to repay.
    • The credit score of the individual is preferred to be 750 and above.

    People who fail to meet the above-mentioned criteria are not eligible for the application of a loan under the Nainital Bank Personal Loan and hence should not apply for it.

    The Nainital Bank Personal Loan Documents Required

    There is certain specific documentation that an individual needs to submit along with their application form to apply for the Nainital Bank Personal Loan. These documents and paperwork may vary from bank to bank, and hence the documents needed at this bank are given below.

    • The individual must have their application form. The form has to be properly filled and signed.
    • They also require three passport size photographs of themselves.
    • As proof of identification, the individual must have a photocopy of their Voter ID Card, or Passport, or Driving License, or IT PAN Card.
    • The individual must have either their statement of the bank account or their passbook for the last six months.
    • The salaried individuals must have the latest Form 16 or Income Tax Returns for the last two assessment years.
    • The self-employed individuals must have their Income Tax Returns for the last two assessment years.
    • As proof of address, the individual must have a copy of their rental agreement that shows at least one year of their stay, or electricity bills, or telephone bills.

    Reasons for Rejection of the Loan

    • Low credit score: After applying for a personal loan, one of the first things that the bank will do is check the credit score. If the CIBIL score of an individual is less than 700, then there are chances of their loan getting rejected.
    • Incorrect documents: If information about the name, residence, and other account details about the individual is incorrect, then it can be difficult for the bank to provide the loan. Without relevant information, banks can’t approve personal loans.
    • Unstable work conditions: Financial stability is very important when it comes to lending money. If an individual changes job regularly or has very flexible self-employment, chances of their loan application getting rejected are high.
    • Not meeting the eligibility criteria: Apart from income level and existing debt, there are other factors as well that affect the approval of personal loans. If an individual is unable to meet the age, nationality, and other similar eligibility factors, then their loan will get rejected.

    The Nainital Bank Personal Loan Features

    • Loan amount: Nainital Bank permits an individual to have a personal loan amount of up to Rs. 5 lakh that would allow them to fulfill their requirements.
    • Flexible repayment alternatives: The bank offers flexible repayment alternatives for the repayment of the personal loan amount.
    • Minimal documentation: Nainital Bank proposes a hassle-free and minimal documentation process for personal loans. Their loan approvals are also very quick and easy.
    • Swift disbursal: Once approved, the Nainital Bank Personal Loan amount is transferred digitally to the individual’s account within a few days.
    • Amazing interest rate: The personal loan offered at Nainital Bank presents exciting interest rates. The rate ranges between 11.95 percent to 12.20 percent.

    Takeaways from the Article

    This article includes all the exclusive information regarding the Nainital Bank Personal Loan. One needs to follow all the given information before applying for a loan at this bank. They also need to have a proper idea regarding the terms and conditions of the bank.

    State Bank of Mysore Personal Loan @ 9.60% | Eligibility Criteria, Factors, Features, Documentation

    State Bank of Mysore Personal Loan: The State Bank of Mysore was an Indian public sector bank. It had its headquarters in Bangalore and was founded on 2nd October in the year of 1913. Initially known as the Bank of Mysore Ltd., this bank merged with the State Bank of India under the Act of State Bank of India subsidiary banks, 1959.

    The personal loans provided by this bank are extremely beneficial. The State Bank of Mysore Personal Loan interest rates and the State Bank of Mysore Personal Loan online payment are amazing and affordable as well. The State Bank of Mysore Personal Loan contact number is always available, and one can easily contact their personnel for consultation regarding their personal loan offers.

    In this article, we will focus on the various things related to the State Bank of Mysore Personal Loan.

    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.

    State Bank of Mysore

    State Bank of Mysore Personal Loan Overview

    The State Bank of Mysore was an Indian public sector bank. It had its headquarters in Bangalore and was founded on 2nd October in 1913. Initially known as the Bank of Mysore Ltd., this bank merged with the State Bank of India under the State Bank of India subsidiary banks Act in 1959.

    The merger took place on 1st April 2017, and from then on, the State Bank of India held a share percentage of 92.33% of the bank.

    How to Apply for a Personal Loan in the State Bank of Mysore?

    First, to apply for a personal loan in the State Bank of Mysore, visit the bank’s nearest branch. Please fill out the application form with the necessary details and submit it along with the required documents.

    Another way of application includes applying online. Log in to the State Bank of Mysore’s official website and fill out the application form to apply online. One should then submit the required documents along with the form and wait for the processing of the application.

    State Bank of Mysore Personal Loan Eligibility Criteria

    There are certain criteria that an individual needs to follow to get a personal loan. The state bank of Mysore also has such criteria that an individual needs to meet up for receiving a loan.

    The list of criteria that makes an individual eligible for the State Bank of Mysore Personal Loan is given below.

    1. The age of the individual applying for the personal loan must be between 21 to 58 years. If they are applying for a pension, then they must be above the age of 76 years.
    2. The minimum income of the individual must be Rs. 6,000 per month.
    3. The individual applying for the loan must be employed. They must be either salaried personnel or self-employed personnel.
    4. The CIBIL score of the individual must be above 700.
    5. People who do not fall under the list of criteria given above are not eligible for the application of a loan under the State Bank of Mysore Personal Loan.

    State Bank of Mysore Personal Loan Documents Required

    For applying for a loan, an individual must have certain documentation as proof of their age, address, income, etc. For every bank, the list of documentation is more or less the same. But there are certain things that differ from bank to bank.

    The list of documentation an individual requires for applying for a State Bank of Mysore Personal Loan are given below:

    1. The individual must have the application form.  The form has to be properly filled and signed.
    2. They also require two passport size photographs of themselves.
    3. As proof of identification, the individual must have a copy of their Aadhar Card, passport, driving license, and Voter ID Card.
    4. As proof of income,
    5. The salaried individuals must have the latest Form 16, their salary certificate, and their salary slip.
    6. The self-employed individuals must have their Income Tax Returns for the last two assessment years and their respective bank statements for the previous three months.
    7. As proof of address, the individual must have a copy of their passport, a copy of their Ration Card, their rent agreement that shows at least one year of their stay, and their utility bills.

    State Bank of Mysore Personal Loan Features

    The State Bank of Mysore Personal Loan provides some amazing features that make the loan extremely attractive. People opt for this loan because of its unique features. Some of them are given below:

    1. The loan tenure provided by the bank is between a period of one year to three years. Within this period, an individual must repay their loan amount to the bank.
    2. The loan amount provided by the State Bank of Mysore for a personal loan depends on a lot of factors. But the minimum loan amount provided by this bank is Rs. 50,000, while the maximal loan amount is Rs. 15 lakhs.

    But the loan amount provided to a specific individual may vary depending on their credit history, repayment of loan capability, and other similar factors.

    1. The interest rate that the bank offers on their personal loan is 9.60% per annum.
    2. An individual needs to pay the one-time processing fee that the State Bank of Mysore attaches along with their personal loan offers. The processing fee is 1% of the entire loan amount.

    Types of Personal Loan offered by the State Bank of Mysore

    The State Bank of Mysore offers other personal loans as well. Each one has its own features and interest rates. The types of personal loans offered by the bank are:
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    • The State Bank of Mysore Marriage Loan: This loan is perfect for Indian households.
    • State Bank of Mysore Personal Loan accessible to Government Employees: With this loan, one can fulfill all their financial requirements.
    • The State Bank of Mysore Doctor Loan: This loan provides all different kinds of special packages for doctors.
    • State Bank of Mysore Personal Loan accessible to Pensioners: With this loan, elderly citizens will be able to solve their monetary problems.
    • State Bank of Mysore Personal Loan with Balance Transfer: This bank loan allows an individual to convey their high-interest loan from another granter to the bank.
    • State Bank of Mysore Personal Loan with Top Up: This loan allows existing loan borrowers to avail of additional funds basing them on their repayment eligibility and loan eligibility.

    Takeaway from the article

    This article we have discussed the different features of the State Bank of Mysore Personal Loan. We have given information regarding the eligibility criteria, documentation, and other important factors.

    Before applying for a loan at this bank, be well aware of all the vital details and make sure that you are familiar with the terms and conditions properly.

    United Bank of India Personal Loan | Components, Eligibility, Documents Required, Characteristics and Advantages

    United Bank of India Personal Loan: The United Bank of India is a good choice for that as it has different personal loan schemes available for its clients and an impressive rate of interest, and the availability of checking the United Bank of India’s loan status.

    The method for applying for a personal loan is very easy and understandable, but it is essential to understand the measures for applying, documents required, etc; for which the applicants need to know about the United Bank of India’s loan EMI calculator.

    To know about these, follow this article, which includes Union bank’s loan rate of interest, and much more, which will aid an applicant through the process of application, to opt for a Personal Loan.

    United Bank of India

  • United Bank of India Overview
  • United Bank of India Features
  • How to Apply for a Personal Loan in the United Bank of India?
  • United Bank of India Personal Loan Eligibility Criteria
  • United Bank of India Personal Loan Documents Required
  • United Bank of India Personal Loan Computation of EMI
  • United Bank of India Personal Loan Features
  • Takeaways from the Article
  • United Bank of India Overview

    United Bank of India was established in Kolkata, and it has been merged with the Punjab National Bank with effect from the 1st of April 2020. The organisational structure of the bank is the same as that of PNB.

    United Bank of India’s personal loan is the solution to the helpless calls of any individual in crisis. One can avail of this loan to deal with any serious medical emergency, getting married, going on a holiday, buying a device or remodelling one’s home.

    The United Bank of India’s loan scheme is available to any Government employee who is in the private corporate or pensioner.

    United Bank of India Features

    • A personal loan in a United bank is available in India to any Government worker, private corporate worker, or pensioner.
    • The suitable amount of loan depends on the kind of group you are operating for. The bank has classified the association into three maintain groups A, B, C. The workers of group A can use a loan of a maximum of 15 lakh, accountable to additional eligibility norms. The same limit for group B and group C is Rs. Ten lakh and Rs.5 lakh respectively.
    • In the personal loan classification, the rate of interest is one of the lowest. The rates are transparent, based on papers collected by the bank.
    • United bank of India takes fifteen days for processing the application of the loan.
    • This bank accepts the loan in just a few hours to the utmost of one to three days.

    How to Apply for a Personal Loan in the United Bank of India?

    As of now, only the Online Application for a Loan is in use. To avail of the online application, you should go to the official website of the United Bank of India and apply.

    United Bank of India Personal Loan Eligibility Criteria

    For Salaried Individuals

    Scheme A (tie-up)

    • Permanent or confirmed employees of reputed companies. Institutes or organizations in India.
    • The applicant could or could not have a functional salary account with us.
    • Minimum monthly salary of Rs 15000 per month.
    • Minimum monthly salary of Rs 20,000/- for Delhi, Kolkata, Mumbai, Chennai, Ahmedabad, Bengaluru, and Pune).

    Scheme B (Non-tie-up)

    • Permanent or confirmed employees of reputed private institutes and organizations in India.
    • The applicant should be a bank customer for at least six months preceding the application for the loan.
    • Applicants must maintain a salary account with us.
    • Minimum monthly salary of Rs 15000 per month.
    • Minimum monthly salary of Rs 20,000/- for Delhi, Kolkata, Mumbai, Chennai, Ahmedabad, Bengaluru, and Pune).

    For Non-salaried Individuals

    • Must have a regular source of income.
    • The present age of the applicant must be within 25 years to 75 years.
    • Applicant must be a customer of the United Bank for at least two years before considering the loan application.
    • Applicant should maintain savings or current account with the bank and hold an average quarterly balance of Rs 25000 or above for immediately preceding four quarters.


    United Bank of India Personal Loan Documents Required

    • Previous three months’ salary receipts
    • Aadhaar Card is needed for identity evidence.
    • Proof of residence whether owned, rented, or if any company provided.
    • Bank declarations of six months old are allowed.
    • PAN Card is a necessity.
    • 2 passport-size images.

    United Bank of India Personal Loan Computation of EMI

    To calculate the EMI, the information needed is:

    • Loan amount
    • Term of the loan
    • Interest rate
    • These values need to be filled in the EMI calculator to find the exact amount payable for each month.

    United Bank of India Personal Loan Features

    • A decent, credible record is important to get the preference. Ruin payments adversely impact one’s CIBIL tally. The bank contemplates these ruin payments that are made in the past.
    • The term of a personal loan affects the rate of interest, with loans for short terms captivating a greater rate of interest in comparison with loans for longer terms.
    • The job of a person has relevance on the rate of interest, as noticeable in the rates indicated by the Bank for several people. Pensioners have indicted a poorer rate of interest as they are not vigorously employed and rely on their pension amount to meet their needs.
    • United Bank of India demands a poorer interest rate for salaried women taking loans in comparison to their male partners.
    • Age can have relevance on the rate of interest as people under 25 years could be indicted a bigger rate of interest in comparison to others due to many reasons.

    Takeaways from the Article

    There are numerous aspects that banks analyze before accepting any sort of Personal Loan, hence, this article tells you the details of a personal loan so that it can be easy to choose the intended loan for you. This article will help you to know more about the procedure for a Personal loan given by the United Bank of India.

    Tripura Gramin Bank Personal Loan @ 12.50 % | Documents Required, Features, Eligibility Criteria, Interest Rates and Other Charges

    In this particular article, information about the Tripura Gramin Bank personal loan interest rate, the expenses are for the Tripura Gramin Bank Personal Loan, and much more are provided for your convenience.

    The applicant can avail Tripura Gramin Bank Online App to opt for a Personal Loan from the bank, the procedure of which is stated in the paragraphs below.

    We have listed all the documentations needed to apply for the Tripura Gramin Bank Personal Loan, and the eligibility criteria that you have to fulfil to apply, some details about the Tripura Gramin Bank Online App for the Tripura Gramin Bank Personal Loan, in this article.

    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.

    Tripura Gramin Bank

  • Tripura Gramin Bank Overview
  • Tripura Gramin Bank Features
  • How to Apply for a Personal Loan in the Tripura Gramin Bank?
  • Tripura Gramin Bank Personal Loan Eligibility Criteria
  • Tripura Gramin Bank Personal Loan Documents Required
  • Tripura Gramin Bank Personal Loan Features
  • Reasons for Rejection of the Loan
  • Types of Personal Loan offered by the Tripura Gramin Bank
  • Takeaways from the Article
  • Tripura Gramin Bank Overview

    The Tripura Gramin Bank Limited is a very popular bank in India. Tripura Gramin Bank was established on 21st December of 1976 as a Regional Rural Bank in Tripura, India, with its regional office is at Agartala.

    In its initial days, the United Bank of India sought to sponsor the Tripura Gramin Bank.  The bank was first established with the motive of evolution and upliftment of the Rural Farming Sector.

    Hence, the bank offers personal loans with other services to make the possibility of availing of a Personal Loan come true.

    Tripura Gramin Bank Features

    • The rate of interest of the Tripura Gramin Bank Personal Loan is 12.50 % per annum. The loan tenure for the Tripura Gramin Bank personal loan is a period of 60 months. The processing fee and the other charges that are needed for the Tripura Gramin Bank Personal Loan depend on the branch of the bank that you visit.
    • The pre-payment charges for your loan will be decided by the bank and that may vary from time to time.

    How to Apply for a Personal Loan in the Tripura Gramin Bank?

    Application for a Personal Loan is done Online, through the official website of the Tripura Gramin Bank (presently, the United Bank of India). Any further details about the Offline Applications will be updated on the website. Hence, it is advisable for applicants to check for any official updates, daily.

    Tripura Gramin Bank Personal Loan Eligibility Criteria

    To apply for the Tripura Gramin Bank Personal Loan, you have to fulfill some vital eligibility criteria, as follows:

    • The person applying for the Tripura Gramin Bank Personal Loan has to be in between 21 years and 58 years.
    • The applicant must be a permanent employee of the Central or the State Government Public Sector Undertakings, or a permanent employee of any private sector company, any corporation, or any establishment that is reputed.
    • The applicant should be a self-employed person or a regular salary person with a stable income or salary.
    • Work experience for any job, profession, or business for at least three years is also another requirement for availing of a Personal Loan.

    Tripura Gramin Bank Personal Loan Documents Required

    Several vital documentations are required to apply for the Tripura Gramin Bank Personal Loan such as:

    • Identity Proof
    • Aadhar Card or the Voter ID Card
    • Properly signed and duly filled-up application form for your loan.
    • Several recent, passport-sized photographs
    • Bank statement of the previous six months or the bank passbook.
    • Income Proof
    • Address Proof

    Tripura Gramin Bank Personal Loan Features

    • The maximum loan amount can be made use of as you wish.
    • There are many options for personal loan repayment that the person can choose from.
    • Straightforward processing of the personal loan that you apply for
    • No guarantor is needed for the Tripura Gramin Bank Personal Loan.
    • The Tripura Gramin Bank offers interesting discounts and wonderful schemes for large companies’ employees.
    • The Bank ensures fast approval of loan
    • No security is needed to avail of the loan

    Reasons for Rejection of the Loan

    The bank does not require an individual to profess any document or property, but it is of utmost significance that the applicant is reliable. In order to verify the same, the bank tends to look at the credit history and other patterns to estimate if the person availing the loan will diligently repay it.

    Types of Personal Loan offered by the Tripura Gramin Bank

    The other types of Personal Loans offered by the Tripura Gramin bank are:

    • Medium Term Farm Loans
    • Housing Loan Scheme
    • Transport Operator Loan
    • Own your car scheme
    • Bharat Darshan Loan
    • Small Business Loans
    • Loan to SHG
    • Loan Under Swabalamban
    • Loan Under SGSY
    • Utsav Wrin Prakalpa
    • LATD
    • Education Loan Scheme

    Takeaways from the Article

    In this particular article, we have given you information about the Tripura Gramin Bank Personal Loan, the documentations you need to apply, interest rates and about some factors that actually affect the Rate of interest of the Tripura Gramin Bank Personal Loan.

    Nagpur Nagarik Sahakari Bank Personal Loan @ 15% | Advantages, Eligibility Criteria, Documents Required, Interest Rates and Charges

    Nagpur Nagarik Sahakari Bank Personal Loan: The Personal Loan is a kind of 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 documentations.

    In this specific article, we will give you information about the Nagpur Nagarik Sahakari Bank personal loan interest rate. The article highlights details about what the personal loan and Nagpur Nagarik Sahakari Bank Personal Loan are.

    Facts about the Nagpur Nagarik Sahakari Bank Mobile App, the costs are for the Nagpur Nagarik Sahakari Bank Personal Loan, the bank statement of the Nagpur Nagarik Sahakari Bank, documentations to apply for the Nagpur Nagarik Sahakari Bank Personal Loan, eligibility criteria that you have to fulfil to apply for the Nagpur Nagarik Sahakari Bank Personal Loan, are all discussed below

    Want to compare Nagpur Nagarik 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.

    Nagpur Nagarik Sahakari Bank

    Nagpur Nagarik Sahakari Bank Overview

    Nagpur Nagarik Sahakari Bank is one of the most ancient and leading Cooperative banks in Vidarbha, set up with the efforts of some of the devoted members of the cooperative movement on the auspicious day of “Vijayadashmi” in 1962.

    The government started Nagpur Nagarik Sahakari Bank’s first branch in the Gandhibagh area of Nagpur.

    The Bank started with a scanty capital amount of Rs. 26000/- and has grown to an assets base of Rs. 1493.46 lac with 60521 members as of the 31st of March 2010. The Bank was granted Scheduled bank status on the 22nd of May 1999 after fulfilling the criteria of the preferred deposit base.

    The Bank had also acquired Multistate Scheduled Bank status on the 21st of March 2001. Today, the Bank’s processing area is the entire state of Maharashtra, Madhya Pradesh, and Raipur, providing all kinds of Loans and exclusive offers to customers.

    Nagpur Nagarik Sahakari Bank Features

    • The interest rate of the Nagpur Nagarik Sahakari Bank Personal Loan is 15 % per annum.
    • The maximum loan amount for the Nagpur Nagarik Sahakari Bank Personal Loan is the amount that is not more than 5 times of gross salary or the amount of Rs. 1, 50, 000. The amount that will be the lower one of the two will be taken.
    • The loan tenure for the Nagpur Nagarik Sahakari Bank personal loan is 60 months.
    • The processing fee and other charges that are needed for the Nagpur Nagarik Sahakari Bank Personal Loan always depend on the bank’s branch.
    • The pre-payment charges for the loan will be decided by the bank and they may vary from time to time.

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

    Application Online: You can apply online through the Nagpur Nagarik Sahakari Bank App and fill in the required personal information, work information and upload necessary documents.

    Note: As for offline application, the applicant needs to contact the nearest Nagpur Nagarik Sahakari Bank branch to know about further details.

    Nagpur Nagarik Sahakari Bank Personal Loan Eligibility Criteria

    To apply for the Nagpur Nagarik Sahakari Bank Personal Loan, you have to fulfill some essential eligibility criteria.

    • Applicants need to be between the age of 21 years and 58 years.
    • The person applying for the Nagpur Nagarik Sahakari Bank Personal Loan is to be a self-employed person or a regular salary person with a stable and regular income.
    • The applicant has to be a business worker with prior work experience.

    Nagpur Nagarik Sahakari Bank Personal Loan Documents Required

    Several significant documentation is required to apply for the Nagpur Nagarik Sahakari Bank Personal Loan.

    • Identity Proof (valid)
    • Photographs of the guarantor and applicant
    • Bank passbook (updated)
    • Income Proof (valid)
    • Address Proof (valid)

    Nagpur Nagarik Sahakari Bank Personal Loan Features

    • The maximum loan amount can be utilised as you want.
    • Several choices for personal loan repayment that the person can choose from.
    • Easy and fast processing of the personal loan a person applies for.
    • Attractive and competitive interest rates.
    • Discounts and interesting schemes for huge companies’ employees.
    • Quick approval of the loan.
    • No security is needed to avail of the loan, generally.

    Takeaways from the Article

    The Nagpur Nagarik Sahakari Bank Loan is used to cover for a person’s financial ventures such as domestic needs, religious occasions, medical treatment, or sudden emergencies etc. Hence, one should surely rely on the Nagpur Nagarik Sahakari Bank for availing their personal