|Purpose||:||General Purpose unsecured loans for individuals, Resident Individual Indians|
|Eligibility||:||Category 1. Employees of State/ Central Govt/ Semi Govt./Profit making PSUs with a minimum of 3 years service in the present organization.
Category 2: Employees of Private Sector Companies with SBH 1 to 3 rating who are banking with us are eligible with a minimum of 3 years service in the present organization.
|Loan Amount||:||Linked to Net Monthly Income(NMI)/ Net Annual Income(NAI) and may be as under:
Category 1 & category 2 customers: 12 times NMI subject to a minimum of ’25,000/- maximum of ’7.5 lacs. However , for a person availing the loan for the first time amount be capped maximum at ’5. 00 lacs.
Quantum of Loan will be subjected to EMI/ NMI ratio as under:
|Interest||:||CLICK HERE to view interest rates|
|Security||:||Check Off facility / In case where check Off facility is not available, post dated cheques/ ECS mandate should be invariably obtained.|
|Type of loan||:||Demand Loan|
|Processing chgs||:||1% of the advance subject to a minimum of ` 1000/-|
|Min. Cooling Period||:||If the loan is closed prematurely a fresh personal loan should be considered only after a min gap of 1 month, from date of liquidation of earlier loan|
|Prepayment Charges||:||No prepayment charges|
Personal Loan Scheme: Personal Loan Unsecured