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

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

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

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

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

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

Nagaland Rural Bank

What is Personal Loan?

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

What is the Nagaland Rural Bank Personal Loan?

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

Nagaland Rural Bank Personal Loan Features

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

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

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

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

Nagaland Rural Bank Personal Loan Benefits

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

Nagaland Rural Bank Personal Loan Eligibility Criteria

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

Nagaland Rural Bank Personal Loan Interest Rate?

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

Nagaland Rural Bank Personal Loan Other Charges

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

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

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

Nagaland Rural Bank Personal Loan Documents Required

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

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

Takeaway from this Article

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

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