PURPOSE

• To meet personal expenses such as marriage, purchase of consumer durables, travel, holiday, etc.

PERSONAL LOAN NON SALARIED ELIGIBILITY

• Non-salaried individuals having regular source of income**.
• Minimum age of the applicant should be 25 years.
• Maximum permissible age at the end of repayment to be 75 years. This is subject to assessment at the time of sanction the adequacy of income to meet repayment obligation till the age of 75 years.
• Applicant should be customer of our Bank for at least 24 months prior to considering the loan proposal.
• Applicant should necessarily maintain savings or current account with us with average quarterly balance of Rs.25000 & above for immediately preceding 4 quarters and conduct of account should be satisfactory, i.e. no cheque returns for financial reasons, no adverse feature reported etc.

NATURE OF FACILITY

• Term Loan

QUANTUM

• Minimum Amount – No limit
• Maximum: subject to repayment capacity, maximum quantum of loan per individual is as under:
  • New/first time borrowers - Rs.5.00 lakh
  • Existing borrowers with a satisfactory repayment record of 2 years - Rs.15.00 lakh

MARGIN

• Nil

PERSONAL LOAN NON SALARIED RATE OF INTEREST

• Please click here to know our latest interest rates.

REPAYMENT TENURE

• The maximum repayment period will be earlier of the following two:
  • 5 years (60 months)
  • Up to the age of 75 years

SECURITY

• No security, subject to the condition that Spouse of the applicant must join as co-applicant.

GUARANTEE

• In case borrower is single/widow/divorcee, then guarantee of a person having means equivalent to the loan amount.

PERSONAL LOAN NON SALARIED EMI CALCULATOR

• Please click here for EMI Calculator