Loan

Andhra Pragathi Grameena Bank Personal Loan | Purpose. Benefits, Features, Eligibility, Mode, Documents Required and Myths

Andhra Pragathi Grameena Bank Personal Loan | Purpose. Benefits, Features, Eligibility, Mode, Documents Required and Myths

Leave a Comment / Loan / By / March 20, 2024

Andhra Pragathi Grameena Bank Personal Loan: Banks are the core of India’s financial sector, providing a meeting ground for all kinds of investors and savers. Indian banking system consists of the Central bank (RBI), commercial banks, cooperative banks, and developmental banks.

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.

Andhra Pragathi Grameena Bank

What Are Grameen Banks?

Grameen Bank is a microfinance organization and community development bank, and it provides small loans known as microcredit to the impoverished without requiring any collateral. Grameen banks are commercial banks owned by the government of India operating at a regional level throughout various states of India. The Grameen banks in India are to provide basic banking facilities and financial services in rural areas. Grameen banks also give a way to break from the invisible prison of poverty, and it’s not only about providing money to the people. It is about noticing and recognizing the potential in people and giving them the courage to stand for themselves and earn a livelihood.

Andhra Pragathi Grameena Bank

Andhra Pragathi Grameena Bank in India was established in 2006. The bank has its headquarter in Kadapa, and the address is Rayachoti Road, Andhra Pradesh. The bank has almost 1124 branches across the state. The bank provides all financial services to its customers like saving deposits, fixed deposits, recurring deposits, loans, personal loans, net banking, RTGS, NEFT, IMPS E-wallet, RTGS, Car loan, bank loan, etc. The bank supports all the schemes like Jan Dhan Yojna, Atal Pension Yojana, Pradhan Mantri Suraksha Bima Yojana, and many more.

Purpose Of Providing Personal Loan By Andhra Pragathi Grameena Bank

As the bank provides loans without keeping any collateral or property, it makes it easier for the customer to take loans in all sought of emergencies like payment of credit card bill, repayment of an existing loan, marriage in the family, household shifting, or any other business emergency trip. The bank provides Personal Loan Interest Rates, Personal Loans at -14% to 15%, which are very flexible.

Benefits And Features Of Andhra Pragathi Grameena Bank Personal Loan

  • The process of personal loan application is fast and easy.
  • The loan approval process is quick
  • No security is required for availing of a personal loan.
  • The maximum loan amount can be approved.
  • There are many discounts and special schemes for employees of large companies.
  • There are attractive and competitive interest rates.
  • There are various loan repayment options.
  • Guarantor is not at all insisted upon by the bank.

Eligibility To Apply for Bank Personal Loan at Andhra Pragathi Grameena Bank

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

Mode Of Application for Applying for A Personal Loan

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

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

Documents Required for Personal Loan Approval At Andhra Pragathi Grameena Bank

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

Security Deposit for Applying for A Personal Loan

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

Loan Repayment Methods Available At Andhra Pragathi Grameena Bank

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

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

Loan Repayment Options

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

Myths Regarding Personal Loans

There Is A Need For Regular Income For Personal Loans

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

Prepayment Of A Personal Loan Attracts A Penalty

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

Longer Loan Repayment Tenure Is Better

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

Hike In Interest Rate Increase Emi Of Personal Loan

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

Interest Rates Are Not Negotiable

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

A Good Credit Score Can Easily approve a Personal Loan

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

Personal Loans Cannot Be Approved With A Poor Credit Score

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

Various Reasons Why Personal Loan Is Rejected

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

Andhra Pragathi Grameena Bank Contact Details

  • Bank Official Website – Www.apgbank.co
  • Contact Numbers – 08562-244153
  • Email Id – Pragathibank@apgb.in
  • Total Branches – 1124
  • Headquarter – Kadapa
  • Bank Address – Rayachoti Road, P.b.no.65, Kadapa – 516 001, Andhra Pradesh
Karur Vysya Bank Personal Loan @ 8.7% to 19% p.a | Eligibility Criteria, Reasons, Details, Documents Required

Karur Vysya Bank Personal Loan @ 8.7% to 19% p.a | Eligibility Criteria, Reasons, Details, Documents Required

Leave a Comment / Loan / By / March 20, 2024

Karur Vysya Bank Personal Loan: There are several kinds of personal loans that are accessible for the clients of Karur Vysya Bank. Clients can choose the kind of loan they need based on their requirements. The bank has set the eligibility norms for each loan, like bon voyage, instant-loan, Swarna Mitra, quick loan, IPO funding, etc.

Personal loans are permitted rather effortlessly and do not mandate the applicant to give enormous records for which, applicants must be thorough with the various eligibility norms for personal loans of KVB.

KVB gives personal loans under varied sections that depend on the goal, and the eligible norms also vary depending on the proposal selected by the person.

This article will help you know about, types of personal loans offered in KVB, Documents needed for KVB personal loan, and much more.

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

Karur Vysya Bank

Karur Vysya Bank Overview

Karur Vysya Bank is an esteemed bank in India, set up in Karur in 1916 by two well-known visionaries and illustrious sons of Karur, the Late Shri M.A. Venkatarama Chettiar and the Late Shri Athi Krishna Chettiar to give financial aid to the traders and people related with agriculture in and around Karur, which is a textile town located in Tamil Nadu.

The purpose of these loans as offered by the bank can be for medical issues, trips, any sudden personal necessity, education expenditures, etc.

Karur Vysya Bank Features

  • Loan strategies are formulated depending on the client’s needs to reach various necessities such as trips, family expenses, medical costs, etc.
  • One can also receive reliable financing with secure loans by giving gold jewellery as an agreement or can avail quick or instant loan facility.
  • A reimbursement term is up to sixty months.
  • It gives the floating rate of interest which is incredibly accessible.
  • Leading banks such as the KVB generally have the least CIBIL tally of seven hundred is important for any personal loans.
  • The person’s income level shows how much they will be able to pay as EMI, which impacts the loan amount to be sanctioned.
  • The city of residence plays a significant role in the sanctions of loans. Like more loans are accepted in metro cities rather than in other cities.
  • Age plays a crucial role as young people often change jobs, and if one job fails, they will not be able to pay through EMI.
  • People with salaried jobs get monthly earnings on a fixed date, and the EMI is taken away at once from their income accounts, while self-employed ones must depend on the market demand situations to earn.
  • Individuals living in a house owned by them instead of a rented house as no part of their earnings is spent on rent, making it easy for them to pay the instalments. Secondly, it is easy to find the individual easily if they cannot keep pace with the EMI amount.
  • Duration for living and working in a location from which the person is applying plays a key role in the loan eligibility.

How to Apply for a Personal Loan in Karur Vysya Bank?

For Application, applicants can choose the type of loan they wish to avail and apply:

  1. Online: Through the bank website
  2. Offline: By contacting the nearest branch of the bank

Karur Vysya Bank Personal Loan Eligibility Criteria

The details of the eligibility norms which are appropriate to several types of personal loans:

Bon Voyage

Reason for the loan– To travel for a job or any personal purpose.

Should be a Citizen of India or is staying in India.

  • Age should be at least 21 years and an utmost of 65 years
  • The person doing salaried jobs should be prepared to give an undertaking note from the employer to subtract EMI and credit it directly to the bank.

Swarna Mitra

The basis of the loan is for personal usage or non-agricultural purposes.

A person should be a citizen of India or stay in India.

Age should be at least 21years and a maximum of 65 years.

IPO funding

It is taken to invest in an IPO

A person needs to be a citizen of India or stay in India.

Persons maintaining a savings account with any sector of KVB, KVB Demat account, or any authorized DPs will only be applicable for this loan.

Quick Loan

For job purposes or individual reasons

Individuals have to be a citizen of India or stay in India.

  • Overdraft is permitted just for one year.
  • Central and state government insurances, KVPs, NSCs, can be consented to.

Instant Loan

Taken for individual purpose or non-agricultural usage.

It needs to be a Citizen of India or an individual staying in India.

  • Stable workers of government or private organizations.
  • Temporary workers are not qualified.
  • Age needs to be at least twenty years and a maximum of sixty years.
  • After the reduction of loan EMI, the net take-home salary of applicants should not be less than 25% of their total salary.

Personal Loan, whether Secured or Unsecured

They were taken for personal usage. The person should be a Citizen of India or staying in India.

  • Stable workers of government or private organizations.
  • Temporary workers are not qualified.
  • Age needs to be at least twenty years and a maximum of sixty years.
  • After the reduction of loan EMI, the net take-home salary of applicants should not be less than 25% of their total salary.
  • The person doing salaried jobs should be prepared to give an undertaking note from the employer to subtract EMI and credit it directly to the bank.

Karur Vysya Bank Personal Loan Documents Required

  • Passport size image of the guarantor as well as of the applicant
  • Id evidence, proof of residence, copy of Pan card of both
  • For business people, a recent two-year financial declaration, an ITR document, and a bank declaration for a recent one year
  • For salaried people, recent three months income receipt, the bank declaration for the prior six months and Form 16A and IT recovery for the previous three years

Karur Vysya Bank Personal Loan Features

  • Amount of loan- up to 25lakhs
  • Rate of interest-8.70percent to 19percent per annum
  • Term of loan-Five years
  • Lowest Installment-Rs. 2,061 Per lakh
  • Charges of processing- Upto 1.50percent of the sanctioned loan amount
  • Reliable and reimbursement ability is an incredibly significant part of Karur Vysya bank properties. This is defined by the CIBIL value, which enables the bank to trace one’s prior credit record and reimbursements.

Types of Personal Loan Offered by Karur Vysya Bank

  • Bon Voyage
  • Swarna Mitra
  • IPO funding
  • Quick Loan
  • Instant Loan
  • Personal Loan, whether Secured or Unsecured

Takeaways from the Article

If one needs to apply for a personal loan, knowing the interval and documentation of a loan is an essential aspect of applying for any loan. This article will help you know about Personal loans given by Karur Vysya Bank Personal Loan, factors affecting the eligibility, norms, etc.

Furthermore, this article will assist you with the features of a personal loan so that it can be simple for you to select the perfect loan.

Pallavan Grama Bank Personal Loan | Documents Required, Eligibilities and Features

Pallavan Grama Bank Personal Loan | Documents Required, Eligibilities and Features

Leave a Comment / Loan / By / March 20, 2024

Pallavan Grama Bank Personal Loan: In today’s time of inflation, it becomes challenging to fulfill everything. It seems like there is no limit to the expenses, and in the meantime, if we have to do some critical work, we need more money. This important work could be anything. Maybe this vital work is related to your marriage or related to studying abroad. Then we think about how to meet all these expenses. Well, there is nothing to worry about because here we will talk about the bank which provides you with all the facilities of personal loan at a low-interest rate.

So let’s consider the following points without any delay. We will cover such essential headings, including Pallavan Grama Bank Personal Loan eligibility, features, benefits, documentation requirements and why Pallavan Grama Bank for a personal loan.

Want to compare Pallavan Grama 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.

Pallavan Grama Bank

Pallavan Grama Bank Personal Loan

Pallavan Grama Bank is a regional rural bank in Indian, which was established in 1976 in Tamil Nadu state. The bank has a total of 626 branches, and the Indian Bank sponsors it. This bank was made especially for the upliftment of the rural agriculture sector so that rural areas can also progress and make their recognizance.

What is Pallavan Grama Bank Personal Loan?

To avail of a personal loan from Pallavan Grama Bank, you must have all the qualifications first of all. When you pass the eligibility criteria, then you become eligible to get this loan. Your repaying capability is a must to take a personal loan because for a lender, and it’s a matter of credibility.

Why Pallavan Grama Bank for Personal Loan?

There are many reasons to choose this bank for a personal loan. First comes its low fee charges for processing, and it is because they charge you with no hidden fees. The second reason is its highly competitive interest rate which is a plus point to it. Within two or three minutes, a salaried or self salaried applicant can know the ability as well. Loan disbursal of the amount is also very fast in this bank. Its straightforward documentation process and all-time availability make it one of the best Banks for a personal loan.

Documents Required for Pallavan Grama Bank Personal Loan

As we have told you before, to take a Personal loan from Pallavan Grama Bank, you have to go through a simple documentation process. So let’s see below what documents the borrowers are required for a personal loan.

Proof of residence 

First of all, the borrower’s income and job matter for taking a personal loan from Pallavan Grama Bank.

So as residence proof, you need a passport, Id card, DL, Adhar card, Voter card and ration card.

If someone lives in a rented house, he will have to submit the rental agreement in the bank and the address of the house owner—also the electricity bill in your name. Also, you should have your Bank account statement, recent telephone bill and recent credit card statement.

Documents required for KYC 

A PAN card is a must for a self-employed applicant, and if you are a self-employed applicant, you should have previous three years’ ITR. These were some documents that you are required for your KYC.

Income proof for the salaried and self-employed applicant

If you are a salaried applicant, you should have the last six months’ bank statements and the previous three months’ salary slip. If you’re not a salaried applicant, you should have two previous financial years’ Income Tax returns.

ID proof

For taking a personal loan, you should have your passport, voter card, Government department ID card, adhar card and driving license as identity proof to a bank. A coloured passport size photo for all applicants. It’s a must for all.

Features of Pallavan Grama Bank Personal Loan

User-Friendly access

Whenever you go to this bank to take a loan, you will see an excellent environment. The staff there are very professional and well behaved who are focused on their work. You can connect with the bank and take good advantage of it.

Easy documentation process

There is no need for you to rush here and there for the documentation process, as the bank provides you with all the facilities in one place. In simple words, after contacting this bank, you will not have to deal with any kind of paperwork.

Fast processing of the application

The process starts very soon after you submit your application to the bank. This bank starts the application process very fast as compared to other banks.

Quick loan approval

Along with fast processing, this bank provides a quick loan approval facility, which means it will take very little time to get your loan approved.

The points mentioned above prove that Pallavan Grama Bank is a good option for taking a personal loan.

Eligibilities for Pallavan Grama Bank Personal Loan

For Salaried Employee 

Maximum and minimum age for an applicant 

For Pallavan Grama Bank Personal loan, an applicant’s age should be 21 years which is minimum, and the maximum age should be 60 years.

Your city where you live in

If you live in a metropolitan city and want to take a loan from this bank, your minimum salary should be rs. 18000. Apart from this, if you do not live in a metropolitan city, your minimum salary should be rs.12,000.

The applicant with three years of work experience 

Job experience for the job professionals is about three years, and his salary should be received on his account monthly.

An applicant with a fine credit score

This point should be especially kept in mind while taking a personal loan. It is considered essential to have a good credit score to get a personal loan because this shows the credibility of borrowers.

Self-employed borrower 

  • The maximum age is 60
  • ITR

Self-employed applicants should have ITR of the last three years to avail of a personal loan from Pallavan Grama Bank.

Excellent credit score 

It is considered suitable for a self-employed borrower to not have any loan in his account, which shows a good credit score. Well, having a good credit score means that you are highly eligible to take the loan.

Yearly minimum amount 

If your annual income is around 2.5 lakh rupees, you are considered eligible for this loan in a very high amount. If you have a business, then your business should be running continuously for about 3 or 4 years (Minimum three years), so If you fulfil this condition, you can get a Personal loan quickly.

Apply online or offline

It is effortless to take a personal loan from this bank. You can fill the form offline or online. As offline, you can visit the bank branch and fill the form there. While leaving home, keep all your documents with you and fill the form thoroughly. You will get to see only professional employees there who will support you completely when you go there. Also, you can go to the official website of Bank to fill the form if you like.

Conclusion on Pallavan Grama Bank Personal Loan

We hope that some of the essential points shown by us have given you an idea about which things you should keep in mind while taking a personal loan from Pallavan Grama Bank. Its financial services of saving deposit, fixed deposit, loans, personal loan, RTGS net banking, NEFT, IMPS, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana are worth praising. Apart from that, after some analysis, it is confirmed that if someone wants to take a loan from this bank, he must go for it.

Manipur Rural Bank Personal Loan | Advantages, Interest Rates, Features, Documents Required and EMI

Manipur Rural Bank Personal Loan | Advantages, Interest Rates, Features, Documents Required and EMI

Leave a Comment / Loan / By / March 20, 2024

Manipur Rural Bank Personal Loan: Are you also thinking of taking a personal loan from Manipur Rural Bank?. So you must want to get all the information about this bank? Well, don’t worry, we’ll cover all the important points here. So, be it the marriage function at your home or any emergency, Manipur Rural Bank is constantly available to serve you with its many financial services.

When you plan to marry, the expenses are not only one, but there are many. Then the problem is how to meet all these expenses as this is also an important thing that has to be done. You don’t have to worry because we understand all your requirements and prove it by offering personal loans for your emergency expenses, wedding expenses, and any product purchases.

Manipur Rural Bank, a gramin bank of India, was established in 1981 in Manipur. The headquarters of this bank is in Imphal. Manipur Rural Bank has a total of thirty branches, and the United Bank of India sponsors it. Under the provision of the Regional rural banks’ act, 1976, its foundation was laid. This bank is doing excellent work for the rural people of Manipur. Manipur’s rural people have got huge benefits from this bank as well.

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

The bank believes in the exaltation of the rural people. For this, the bank offers simple and best financial services with fine financial products to their customers.

What is a Manipur Rural Bank Personal Loan?

It is a type of unsecured loan that does not require any security by the borrower to take it from the bank. You need to have a good credit score to get this loan because it is an unsecured way that is why all the application documents are thoroughly checked for the loan.

Advantages of Manipur Rural Bank Personal Loan

Let us tell you that before taking a loan from any bank, some of its qualities and features should be considered so that there may not occur any problem later, so let us discuss some of its advantages here below.

  • Less processing fee with fast processing: You only have to pay the total loan amount’s 2-3% as a processing fee for a personal loan application. For fast personal loan application processing, you must rely on this bank.
  • Less documentation needed: If you are worried that more of your time will be spent on documentation, then there is nothing to worry about as the Manipur Rural Bank provides us with less documentation for the loan process.
  • Affordability: Manipur Rural Bank Personal Loan is available at an affordable rate. You are not required to have any subsidiary against the personal loan amount. Its low-interest rates will amaze you.
  • Hassle-free scheme of personal loan: The bank offers simple and best loaning schemes and gives you the facility to determine tenure for the loan.
  • Best for every borrower: Whether you are a salaried applicant or self-employed, its loan service is available for you. Whether it’s for your house renovation or your wedding expenses, so if you are thinking of taking a personal loan, then you must contact this bank.
  • Meet all your requirements with Manipur Rural Bank Personal Loan: We take loans normally for meeting all sorts of financial requirements. It could be a long holiday trip to another country, home shifting, marriage expenses, buying expensive machines, paying credit card bills, etc. This bank provides all varieties of personal loans with many facilities to complete your desired work.

Manipur Rural Bank Personal Loan Interest Rates

As per the 20 November 2021 update: It is – 13%.

Minimum annual interest- 10 70%.

Bank evaluates and later determines the loan amount and loan Interest rate.

Loan Repayment

Maximum EMIs – 60

EMIs start from – 12

(Credit score plays a major role for repayment period)

Eligibility Criteria for Manipur Rural Bank

Personal Loan

For self-employed applicant

  • A borrower must be of a minimum of 25 years and a maximum of 65 years. He/she should have the past year’s ITR return of at least 2.5 Lac of the past year.
  • To apply for a loan in this bank, your business should be running for about three or above three years.
  • A self-employed Borrower should have the CIBIL score of 750, which is a minimum value.
  • For applying for the personal loan in Manipur Rural Bank, a self-employed applicant should have the above 30 lakh annual turnover of his business.

For the salaried applicant: 

If you are a salaried employee, then you must have these below eligibilities-

  • You must be of a minimum of 21 years and a maximum of 61 years.
  • You are eligible to apply for Manipur Rural Bank Personal Loan if your salary is 18,000 rs monthly.
  • Besides this, the salary of the borrower needs to come to a bank account.
  • A salaried employee should have a minimum 750 credit score for the personal loan.

Manipur Rural Bank Personal Loan Features

  • Availability of maximum loan in Manipur Rural Bank
  • Repayment can be made with many different options
  • Loan approval in less time.
  • No guarantor is required.
  • Loan disbursal within 48 hours.
  • Offers special schemes and discounts for employees of large companies
  • Borrowers are not required to have any security.

Document Required for Manipur Rural Bank Personal Loan

As an identity proof
  • Passport
  • PAN card
  • Aadhar Card
  • Voter ID card
  • Driving license
  • Government department ID card
As an income proof
  • Current salary slip with all deductions on it and as an alternative you can bring form 16 in bank.
  • Total 6 months Bank statements
  • Salary certificate of where you are still working if you are a salaried individual.
  • Two previous years’ income tax returns for those who are not salaried employees.
  • financial papers that are audited  (self-employed).
As a address proof
  • Recent mobile/telephone bill.
  • Bank account statement
  • Electricity bill
  • Latest credit card statement,
  • lease agreement of borrowers’ existing house.
For those who live on rent must have –
  • Rent agreement 
  • Water bills of  3 months
Photographs and passbook yes 

Manipur Rural Bank Personal Loan Work

  • When you visit Manipur Rural Bank, you have to apply first for a loan.
  • When you fill and submit the form completely, then this form will be transferred to the bank. A bank employee will check your paper carefully and evaluate it.
  • As we have mentioned above, what are the things and points you have to take care of for eligibility. Well, the employee of the bank will check those eligibilities before passing the loan.
  • When you become eligible for a loan after analyzing your credit score, your income, and many other things, both the loan and interest will be decided by the bank itself.
  • So the last step is the disbursal of the personal loan.

As you can see, the loaning process is very easy in Manipur Rural Bank, and also it does not ask for maximum documentation, which is a nice thing.

Repayment as Equated Monthly Installments (EMI) in Manipur Rural Bank

Let us tell you that there is not only one method of repayment in this bank but there is more than one way, which we have written below.

  • Repay through ECS (Electronic Clearing Service)
  • At your bank by standing instruction registration.
  • A borrower can repay the personal loan using Internet Banking.
  • If the bank provides the mobile banking app, you can repay your loan in full sitting at home from the mobile app.

Conclusion on Manipur Rural Bank Personal Loan

Whether you are going somewhere abroad or getting married or if there is an emergency for some reason, you can use this type of loan well. This bank lives up to your expectations with lots of features, benefits, and facilities. Personal loans can be used in many ways, and one of them is paying off your credit card with minimum interest.

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

Leave a Comment / Loan / By / March 20, 2024

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?

Leave a Comment / Loan / By / March 20, 2024

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?

Leave a Comment / Loan / By / March 20, 2024

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

Leave a Comment / Loan / By / March 20, 2024

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

Leave a Comment / Loan / By / March 18, 2024

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:
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  • 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

Leave a Comment / Loan / By / March 18, 2024

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

Leave a Comment / Loan / By / March 18, 2024

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.