PERSONAL LOAN ($1000-$5000)
- What are the minimum and maximum loan amounts?
You can avail of personal loans ranging from $1,000 to $ l5,000 depending on your eligibility, income and repayment capacity.
- What are the options for repayment tenures?
The loan can be repaid over a period of 12 to 60 months.
- Are there any additional charges?
A processing fee and requisite documentation charges are payable upfront. This fee will be deducted from the Loan amount at the time of disbursal.
- How much time will it take for my loan to be approved?
Your loan will be disbursed within 4-7 working days post receipt of the required documents. Loan sanction and disbursal is at the sole discretion of the bank.
- Do I have to provide any security, collateral or guarantors?
No security, collateral or guarantors are required for obtaining a Personal Loan with .
- What is EMI?
EMI stands for Equated Monthly Installments. This installment comprises both principal and interest components.
- How do I repay the loan?
You can repay the loan in Equated Monthly Installments (EMI's) using the ECS facility, post-dated cheques favouring or a direct account debit (only for Account holders).
- Can I repay my loan earlier?
You can re-pay your loan with preclosure charges of 5% anytime after completion of 12 EMIs by giving the bank a 21 day notice.
- Do I need to open an account with for availing and/or servicing the loan?
We will encourage you to start a banking relationship with us so that we will be able to offer a host of other value added services, which are complementary to the loan, however opening an account with us is not mandatory.
- Do I get special privileges as a Customer?
As a Customer, you will be offered special interest rates, asked for minimal documentation and your application will be processed on priority. You can also pay your EMI through standing instruction to debit your account.
- How does Personal Loan benefit me?
offers a Personal Loan for any of your personal requirements. You can use it for your child's higher education, purchasing consumer durables or a personal computer, a car or a two wheeler, to meet the expenses of family functions, to go on a vacation, to consolidate your expensive debt into a cheaper debt - or just about any personal payment requirement!
- Who can apply for Personal Loan?
All resident individuals meeting our criteria can apply for a personal loan with .
- I am an existing Personal Loan customer. Can I get an additional loan amount?
Yes, you might be eligible for an additional amount if it has been 6 months or more since you have availed of your loan. To find out if you are eligible, please apply online and let our advisor call you.
- How can I apply for Personal Loan?
Its simple! Fill in your details in the form and let our advisors call you and help you with your needs.
- How much would I need to repay each month?
At the time of booking of your loan, the EMI (Equated Monthly Installments) is calculated based on the loan amount sanctioned, interest rate and tenure.