Personal loan is renewal type loan that is extended against self-owned property and Home Equity loan is on EMI basis, which is also extended against self-owned property. The Personal/Home Equity loan product is designed to serve our valued clients to meet their personal requirement in easy and hassle free manner against the property and sound income source for repayment.
To meet valid immediate personal financial needs.
- Tenure: one year for renewal type loan and 15 years for term loan
- Maximum limit: 10 million for renewal type loan and no restriction for term loan.
- Service charge : 1% on sanctioned loan amount
- Pre-payment charge : 2% on prepaid amount
- Repayment : Monthly/quarterly interest payment or EMI basis
- Individuals with multiple source of income
- Salaried individual
- Self-employed individuals
- Application Form
- Copy of Citizenship of Applicant and Guarantor
- Land revenue and tax paid receipt
- Approval of construction, approved house drawing and construction completion certificate (as appropriate)
- Recent blue print, trace map and four boundry certificate
- Photo of the Applicant and Guarantor
- Copy of Lalpurja/ Electricity Bill/Water Bill etc.
- Recent salary certificate signed by authorized person
- Audited Financial Statements of latest FY, in case of business income
- Photocopy of Bluebook of the vehicle/Equipment duly verified by Concerned Authority
- Copy of PAN/VAT and other registration Certificate
- Rental Agreement
- Remittance slips
- Copy of valid visa
- Others as required