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Pradhan Mantri MUDRA Yojana is initiated by Hon’ble Prime Minister on 2015 with the aim to support financial assistance to micro & small enterprises.

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Pradhan Mantri MUDRA Yojana is initiated by Hon’ble Prime Minister on 2015 with the aim to support financial assistance to micro & small enterprises.

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Project Loan for Textile Industry in India- Apply Online

Textile industry is one the largest GDP contributor in India, Under the industry, several funding schemes has been implemented by the government - Know More.

India is proudly known to be largest producer of textile and apparel industry, Under the textile industry 100% of FDI Foreign Direct Investment is provided by Govt.

Government of India has taken several initiatives to promote export trading of textile industry to foreign countries & one such popular funding support is MUDRA Scheme, it allows weavers & handloom entrepreneurs to get 20% margin assistance accordingly loan amount around 10 thousand per weavers is provided to financial support.

Features of MUDRA Scheme-

Interest rate 6% onwards per annum

Maximum tenure 3 years to repay loan

Easy & quick approvals

What is textile industry & textile industry meaning?

Generally, textile is knitted -Woven fabric made up of yarn mixture of these two knowns to be textile which is widely used to produce a variety of clothes & textile sector includes the participation of works like research, design, development, manufacturing & production of textile fabrics.

It has the responsibility to convert raw material into useable finished goods which also involves development, manufacturing & productions of goods, therefore textile industry is an example of Agro based industry.

Textile Industry Growth in India

Technology innovation has given block buster boost to textile industry in recent times & ultimately aids to create huge number of employment opportunities to job seekers.

Even after the covid 19 pandemic, through digital platform textile sector growth was non-stoppable & rapidly growth level increased.

Advanced technology thoroughly restructures textile sector by understanding key requirements of business production & customer's needs, marking the gap & fulfilling the same.

Artificial Intelligence utilized in textile machinery to ease work management. Refer the below image for textile industry growth in India!

Points to consider before apply for Project Loan-

There are certain points you need to consider before apply for project loan as given below:-

Create Solid Project Report:- Project report is an essential report required by lenders. No matter whether you need project loan for manufacturing, textile, transport, education & other any industry. Project report has the power to decide to fund your project or not. However, make sure you create solid project report for bank loan which contains clear presentation of project planning, management, implementation with investment structure so that lender know whether funding your project report is worth it.

Check Credit Score:- Credit score plays a crucial role in determining borrowers credit stability. It might be personal loan or business loan prior to loan application lenders will check your credit score in terms to ensure that you have good repayment history. Avoid multiple requests:- Do you know? Multiple requests for loan application led to lower your credit score because on each request lender used to conduct credit check which known to be harder check & eventually application rejection chances increased. Are you planning for Textile Industry Business setup & need project loan? Various banks & financial institutions offer project loan for textile industry! Get compared to choose your perfect banking partner, here we at financeseva helps our valuable clients to get project loan at affordable rates & deals. We will be working on behalf of our clients from loan application to disbursement take place. Why to choose us?

We don’t charge anything from our clients

Maintain 100% transparency in process

Provide Free advisory by CA & EX Banker

We also create customized project report for bank loan

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Project Loan for Manufacturing Industry– Apply Online- Financeseva

Project Loan for Manufacturing Industry– Apply Online

Get Project Loan for Manufacturing Business at competitive rates- know how to increase Project Loan possibilities, use EMI calculator for scheduled chart.

Manufacturing industry known to be growth sector of India globally recognized biggest manufacturing industry hub. Government of India introduced various credit scheme to encourage & promote manufacturing sector. Here are some of those we are going to discuss below.

Whether it might be a small or big unit, each business requires essential funds to ensure smooth cash flow takes place without facing any financial crisis.

Manufacturing business engaged in following activities are eligible-

Transportation & equipment

Fast Moving Consumer Goods

Pharmaceutical Industry

Electronics

Paper Industry

Fashion Industry

Printing & Publishing

Industrial Equipment

Chemical Industry

How to increase Project Loan possibilities?

There are certain points you need to consider to increase the possibilities of project loan approval.

Maintain Good Credit Score:-

It's totally upto you, whether you want to raise funds through acquiring equity or debt in both terms company credit score matters! Because it’s the ideal way to know company creditworthiness to determine whether it has repayment capability or not, hence at initial stage itself considering this point will help to increase project loan possibilities.

Prefer to opt Smaller Loan Amount:-

The most important part considered in terms of deciding approval of application is required loan amount, it is the core vital evaluated & sometimes your application get rejected due to high loan amount expectation with average credit history. Therefore, it's highly recommended in such circumstances that to opt for smaller loan account to get easy project loan approval.

Cash Flow Management:-

When business doesn’t have good hands-on management, it collapses the ongoing cash flow & creates financial crisis. Make sure each investment are worth to spend, avoid unnecessary expenses this can help to manage Good cash flow management system which has the potential to mitigate risk & eventually unlock various financial opportunities.

Clear Projection:-

Project report for bank loan is the essential part of project funding, project report depicts project cost it includes product & services, project estimate cost, survey, market growth & similar. So, it must present a well-structured clear projection.

Project Loan Calculator for Manufacturing Industry

Various banks & financial institutions offer different interest rates featuring their own benefits. It's your duty to compare rates from various lenders to get best & affordable deals. After your thorough research & comparison- you can able to choose the right lenders.

Before applying for project loan, you should know monthly payable EMI. To ensure its budget-friendly & won’t affect business cash flow. Project loan calculator helps to portrait scheduled monthly payable EMI Charges, estimates balance principal amount with respective months just by entering the value like required loan amount (Note- Lenders funds 65% - 85% of project cost as loan amount) So, when you enter the loan amount consider this point to get most accurate calculations following interest rate & finally tenure period for repayment is required to analyze specific requirements.

How to apply for Manufacturing Industry Project Loan?

Start researching & Comparison on banks & financial institutions rates & other features which seems to be more suitable your requirements.

Once you have chosen your financial banking partner try to reach them out either by visiting their official website & quote a request or visit nearest bank branch to get loan application.

After getting application online or offline you just need to fill them out with attaching all relevant documents & finally submit them. Once the application reviewed by lenders, if it seems all well & good shortly representative will get in touch.

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Canara Bank Personal Loan

By: Financeseva

Canara Bank Personal Loan

Canara Bank's personal loans interest rates is very attractive when compared to other lenders, no hidden charges made by Canara Bank on personal loans and viable options for borrowing for any of urgent financial requirements.

Features and benefits of Personal Loan

Features

Use for Multiple expenses

Flexible tenure

Online application

Benefits

Affordable interest rates and other charges

No security needed

Less paperwork

Interest Rate Starting From 10.99%

        Canara Bank different types of Personal Loan

There are different types of personal loan offers by Canara bank:-

Canara Budget: - Canara Bank offers a Canara Budget loan. It is a type of personal loan offered to meet the personal financial needs of a customer, other than for speculative purposes.

Canara Pension LoanInterest rate of canara pension loans up to 10.20% onwards.

General Pensioners can get 5 – 10 lakhs

For Defence Pensioners loan amount availability is Rs. 5 – 10 lakhs

For Family Pensioners can get 3 – 5 lakhs

Canara pension: - Canara Bank provide the pension to their EX-employees that can be used to meet various medical expenses or any personal requirements of pensioners.

Canara Budget The interest rate charged on canara budget up to 11.25% onwards. As per applicant profile and pervious credit history

Canara Bank Personal Loan interest rate and processing Fees

Interest Rate10.20% onwards

Loan Amount Up to Rs. 10 Lakh

Loan Tenure Up to 84 months

Processing Fees Up to 1% of loan amount sanctioned

Other charges on Personal Loan

Penal interest: - 2% per month

EMI bounce charges: - Rs. 1,000

Fees for duplicate statement: - This fee generally ranges between Rs.200 and Rs.500

Stamp duty: - At actuals

Foreclosure charges: - 4% + applicable taxes

Comparison of Canara Bank Personal Loan interest rate with Other Lenders

Banks/NBFCs nameInterest Rates (per annum)

Canara Bank10.20%

SBI9.60%

HDFC Bank10.25%

PNB7.95%

Axis Bank10.49%

Kotak Mahindra Bank10.25%

IndusInd Bank11.00%

IDFC First Bank10.49%

Canara Bank Personal Loan eligibility criteria

Canara BudgetCanara Pension

Confirmed employees of: State/Central Government

Reputed PSUs

Reputed Corporate/Public Limited Company/Private Institution

IT/BT Company

Any Lecturer or Assistant, Professor or Professor of Colleges, Research Institute and University etc.

State Government Pensioners

Central Government Pensioners

Pensioners of all Government Department Undertakings

Pensioners of all Public Sector Undertakings/Corporate Pensioners

Family Pensioners of all the above categories

Canara Bank Personal Loan Documents Required

Document categoryDocuments required

KYC Document

Salaried & self-employed both required to provide any of the following-

PAN Card

Aadhaar Card

Driving License

Election/ Voter ID Card

Passport

Proof of Income

Applicant should require last 3-month payslip.

Applicant should have bank statement of last 3 months.

Financial Documents

Salaried Individuals: For salaried individuals required last 3 month's Salary Slips and, Bank Statements of 6 months.

Self-employed individuals: - If you are a Self-employed individual you need to require a last 1-year bank statement for both savings and current account.

Proof of residence

Documents required for address proof:

PAN Card

Passport

Aadhaar Card

Driving License

Election/ Voter’s ID Card

Property/ Municipal Tax receipt

Electricity bill, telephone bill, water bill, phone bill, gas bill, etc.

How to apply Canara Bank Personal Loan online?

You just need to follow the given below mentioned steps to apply for canara Bank personal loan online:

Step 1: - Firstly you should Identify the requirement and the loan amount as per your need, this will help you to apply for the correct amount.

Step 2: - Visit the official website of canara bank and choose personal loan to fill your personal, financial, and employment details.

Step 3: - After completing this step and once you submitted the application If, your criteria match then only  canara bank representative will contact you.

Step 4: - After the confirmation you need to submit documents like your proof of identity, address proof, and a bank account statement for the last 6 months.

Step 5: After evaluation of your information.  Your loan approval take place and loan amount will be credited to your respective account.

Canara Bank Personal Loan FAQ

Who is eligible for Canara Pension Loan?

The eligibility criteria of canara pension loan are given below:-

Canara Bank pensioners

Central government pensioners

State government pensioners

Public sector undertakings’ pensioners

Family pensioners of  retired employees

How do I know if my personal loan application has been approved?

After completing and summiting all documents & details. You can go to the customer care unit of Canara Bank for checking the personal loan application status or you can check the status of your personal loan by using Canara Bank net banking account.

How can I use canara bank Personal Loan EMI Calculator?

If, you want to check your EMI, you can use canara bank Personal Loan EMI Calculator just fill basic information like the amount of personal loan you wish to borrow, the rate of interest, and the tenure of the repayment of the personal loan to calculate the EMI.  EMI Calculator indicates the accurate sum of your EMI that you have to pay on a monthly basis.

How can I get Canara bank Personal loan online?

Open the official website of a Canara Bank.

Log in to your personal loan account using customer ID and password.

Click on 'View statement'.

What is Canara Bank credit score for Personal loan?

If, the Applicant wants to get a personal loan then his credit history should be above than 750. this is an ideal credit score accepted by Canara Bank.

Canara Bank customer care

If, customer-facing issue, any questions, and queries call us today on mentioned toll--free numbers.

Toll Free Numbers

1800 425 0018

1800 103 0018

1800 208 3333

1800 3011 3333

(If calling from outside India call on non- toll free number)

+91-80-22064232

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Kotak Mahindra Bank Personal Loan

By: Financeseva

Kotak Mahindra Bank Personal Loan

Are you planning to organize a big event, a wonderful trip, and decorate your house, but facing an unexpected expense, we have a solution to your planned or unplanned expenditures with Kotak Mahindra Bank Personal Loans.

            Benefits and features of Personal Loan

Benefits

Hassle-free documentation

Zero requirements of collateral

Easy-to-meet Eligibility

Features

Speedy processing and easy disbursal of money

Flexible options of Loan repayment through EMI

Multipurpose Loan

Kotak Mahindra Bank Various Types Of Personal Loans

Personal Loan for Holiday: - You don’t need to delay your world trip plan anymore. Kotak Mahindra Bank Personal Loan is the ultimate way to fulfill your requirements. Minimal paperwork & quick processing makes it unique.

Personal Loan for medical emergency-No worries about emergency now you can get a Personal Loan by Kotak Mahindra Bank to deal with any kind of personal emergency, like your medical outstanding bills, need funds for operation and any surgery.

Personal Loan for debt consolidation: - Kotak Mahindra Bank provides Personal Loans to consolidate debt and repays multiple debts at one time with a single monthly payment. While this is a simplify the debt repayment process and saves you money.

Kotak Mahindra Bank Personal Loan Eligibility

Bank to Bank certain criteria get varied for Kotak Mahindra Bank Personal Loan eligibility criteria are below mentioned: -

1. The applicant should be a permanent employee with a minimum 1 year

2. Applicant minimum net income should be Rs. 30,000/- per month

3. Existing savings account or current account is required for this Loan

4. The customer should maintain the required balance in the account as per the account type

5. The applicant must be a resident of the current city for at least one year.

6. Anyone can apply for Kotak Mahindra Personal Loan between the ages of 21 years and 58 years

Axis Bank is providing Personal Loans for holiday

Kotak Mahindra Personal Loan Documents Required

Document category Documents required

KYC Document

Both salaried & self-employed required to provide any one of the following: -

PAN Card

Aadhaar Card

Driving License

Election/ Voter ID Card

Passport

Proof of Income

Applicant should require last 3-month pay slip.

Applicant should have Bank statement of last 3 months.

Financial Documents

Salaried Individuals: For salaried individuals required last 3 month's Salary Slips and, Bank Statements of 6 months.

Self-employed individuals: - If you are a Self-employed individual you need to require a last 1-year Bank statement for both savings and current account.

Proof of residence

Summit any one of the following documents as an address proof:

PAN Card

Passport

Aadhaar Card

Driving License

Election/ Voter’s ID Card

Property/ Municipal Tax receipt

Electricity bill, telephone bill, water bill, phone bill, gas bill, etc

How to apply for Kotak Mahindra Personal Loan Online?

You just need to follow the given below mentioned steps to apply for Kotak Mahindra Bank Personal Loan online:

Step 1: - Identify the requirement and the Loan amount as per your need, this will help you to apply for the correct amount.

Step 2: - Visit the official website of Kotak Mahindra Bank and choose Personal Loan to fill your personal, financial, and employment details.

Step 3: - After completing this step and once you submitted the application If, your criteria match then only Kotak Mahindra Bank representative will contact you.

Step 4: - After the confirmation you need to submit documents like your proof of identity, address proof, and a Bank account statement for the last 6 months.

Step 5: After evaluation of your information.  your Loan approval take place and Loan amount will be credited to your respective account.

Kotak Mahindra Bank Personal Loan FAQ

How can I check my Personal Loan details in Kotak Mahindra Bank?

You can send an SMS on "9971056767 or 5676788" number from your registered mobile number with the Bank.

How much Kotak Mahindra Bank Personal Loan cibil score requirement?

Applying for Personal Loan from Kotak Mahindra Bank you need minimum 750.

How Can I get Kotak Mahindra Personal Loan for self-employed?

If, your monthly income salary is Rs. 15,000 then you eligible to get a Personal Loan if you meet the other eligibility requirements.

How can I use Kotak Mahindra Bank Personal Loan EMI Calculator?

If, you want to check your EMI, you can use Kotak Mahindra Bank Personal Loan EMI Calculator just fill basic information like the amount of Personal Loan you wish to borrow, the rate of interest, and the tenure of the repayment of the Personal Loan to calculate the EMI.  EMI Calculator indicates the accurate sum of your EMI that you have to pay on a monthly basis.

How is my Personal Loan amount disbursed?

Once your Personal Loan is approved, the amount is automatically transferred to your salary account, the details of which are to be submitted at the time of the Personal Loan application.

Is Kotak Mahindra Bank Personal Loan apply is available online?

Yes, Kotak Mahindra Bank Personal Loan apply is available online & it's too easy, you just need to visit their site & click on the apply now button, where you will be offered facilities of Personal Loan. If you are cleared with your choice click one of them if not then simply request a call back shortly customer representative will you in touch.

How to check kotak Mahindra Bank Personal Loan status?

You can check Kotak Mahindra Bank Personal Loan status online itself, just by clicking https://www.kotak.com/en/transaction-services/track-application.html  you get redirected to Kotak Mahindra Bank site track application status where you will be required to choose the Loan products & next to it any identifier number whether it’s a generated application number, mobile number or other PAN number.

Kotak Mahindra Bank Personal Loan Customer Care Number

You can directly visit KOTAK MAHINDRA Site & fill basic details to continue online chat

Kotak Mahindra Bank Personal Loan 24×7 Customer Care Number

1860 266 2666 (Local charges applied)

+91 22 6600 6022 (Overseas charges applied)

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Punjab National Bank Personal Loan

Punjab National Bank Personal Loan  

Have you decided to buy a new car and planning to go on a long trip with your family and friends. Punjab national bank offers personal loans Now, don’t wait to apply and make your dream true.

                       Personal Loan Features & Benefits

Features

Loan starting from 6.80% Onwards

Minimal processing fee levied

Digital Processing accessible by PNB

Flexible repayment option

Benefits

Personal loan tax benefits are available

Up to 30 years of longest tenure

PMAY Subsidy scheme available

Punjab National Bank Various Types of Personal Loans

Punjab National Bank offers some personal loan schemes for the public, doctors and pensioners with different rate of intrest shown in table:-

                            Personal Loan Schemes:

Personal loan scheme Best for Interest rate

Personal loan scheme for public Salaried individual8.95% to 14.50%

Personal loan for doctorDoctor8.95% onwards

Personal loan for pensioners Retired individuals9.3% onwards

Punjab National Bank Personal Loan Scheme for Public - The Public is eligible for this scheme, applicants have to be permanent employees in the State or Central Government, minimum annual income of Rs.4 lakh and applicant should have paid tax over the last 3 financial years.

Punjab National Bank Personal Loan Scheme for Pensioners: -Pensioners to be eligible for this scheme, the applicant has to be drawing pension from any branch of PNB.

Punjab National Bank Personal Loan Scheme for Doctors: - Doctors are eligible for this scheme, the applicant should earn a minimum annual salary of Rs.5 lakh, should have paid tax for the last years, and should be in current residence for 2 years.

Punjab National Bank Personal Loan rates of interest & Processing fees

Interest Rate8.95% p.a. to 14.50% p.a.

Loan TenureUp to 84 months

Loan AmountUp to Rs.15 lakh

Loan TenureUp to 84 months

Type of Other Charges by Punjab National Bank Personal Loan

Loan processing charges: - 1% of the loan applied + GST.

Part or full prepayment Charges: - Generally part or full prepayment charges is applicable in fixed interest rates rather than floating interest rates.

Cheque bounce charges: - For 1st time cheque bounce you will be charged 750/- + GST & for 2nd time you will be charged 1000/- + GST.  

Overdue charges: - Unpaid EMI for delayed period will be levied 24% per annum.

Account statement Charges: - Through online can access account statement for free of cost if request received to branch charges will be levied 500/- + GST.

Changing repayment mode: - For changing repayment mode swapping will be charged 750/-.

Loan pre-closure statement: - A charge of 750/- applicable.

Change of ROI: - In Punjab national bank rate of interest available both fixed & floating when you change fixed interest rate to floating rate 3% of POS + GST respectively changing floating rate to fixed interest rate levied 0.5% POS + GST.

CIBIL Checking Charges: - For checking your CIBIL report you will be charged 50/-.

MODT/Registration of Charge - Fore Creation/Cancellation of registration a charge of 500/- + GST levied.

Punjab National Bank Personal Loan Eligibility criteria

You are not too far from reaching your goal, take a one-step ahead to confirm whether your eligibility matches their requirements if yes then happy or no, then try to match yourself by given details-

Applicant must be resident of India

Applicant age should be in-between 21 to 63 years

Applicant should have a regular source of income might be salaried or self-employed (salaried individuals required last 3 months' Salary Slips and, Bank Statements of 6 months and Self-Employed Individuals required a last 1-year bank statement for both savings account and current account.)

Punjab National Bank Personal Loan Documents -

Salaried applicantSelf-Employed applicant

Loan application form with passport size photographsLoan application form with passport size photographs

Id proof with a unique identification

Pan card

Aadhar card

Driving licence

Voter id card

Id proof with a unique identification

Pan card

Aadhar card

Driving licence

Voter id card

Educational qualification proofEducational qualification proof

Age proofAge proof

Proof of official address and residential address.

PAN Card

Passport

Aadhaar Card

Driving License

Election/ Voter’s ID Card

Property/ Municipal Tax receipt

Proof of official address and residential address PAN Card

Passport

Aadhaar Card

Driving License

Election/ Voter’s ID Card

Property/ Municipal Tax receipt

Income proof:

Last 3-month payslip

Bank statement of last 6 months

Income proof:-

Last 3-month payslip

Bank statement of last 6 months

How Punjab National Bank Personal Loan apply online?

Have you decided to get a loan so you don’t need to go outside just simply follow these steps for Punjab national bank personal loan apply online:-

Step 1 - You can apply for a Punjab National Bank personal loan by visiting their website site https://www.pnbhousing.com/  or visit the nearest Punjab national branch bank.

Step 2 – Then download the application form online or request the bank branch to share the loan application.

Step 3 –After successful download of application you need to fill the required columns with correct value where it includes personal, employment & property details. Also, make sure you attach all relevant documents & submit them.

Step 4- Wait for approval. you will receive a loan permitted &, the loan amount will be credited in your account.

Punjab National Bank Personal Loan FAQ

Which purpose I Can Get Punjab National Bank Personal Loan?

You can get PNB Personal Loan to meet all types of your personal needs. It is a multipurpose loan that can be used to meet an expense

How to use Punjab National Bank Personal Loan calculator?

Checking Punjab national bank personal loan calculator is much easier to use, you just need to enter net monthly income, interest rate & existing EMI’s to know your monthly payable EMI & eligible loan amount in seconds.

How much salary you should have to get Punjab National Bank Personal Loan?

Applicants should earn a minimum of 30,000 monthly salaries then only they will be eligible for personal loan.

How much Personal Loan amount can I get from Punjab National Bank?

Generally, the PNB housing loan provide up to 90% of property value as a maximum loan amount & various factors are considered in terms of determining eligible loan amount.  

How can I apply for a PNB Personal Loan offline?

It is easy to apply for a PNB personal loan offline. You can visit the nearest PNB branch to apply for a personal loan. You must have to carry required & necessary documents to apply for a PNB personal loan.

What is the Punjab National Bank Personal Loan eligibility criteria?

Your minimum monthly income must be 30,000 to avail of a personal loan from PNB. The bank considers your income to determine your eligibility. Your ability to make EMI payments is justify based on income earned.

What is the Punjab National Bank Personal Loan rate of interest?

The PNB Personal loan interest rates are @ 8.70% to 14.25%.

Punjab National Bank Personal Loan customer care number

For further query, you can directly visit Punjab National Bank Site and fill in basic details and continue online chart, or you can directly call on Punjab national bank personal loan contact number 1800 120 8800

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SBI Personal Loan

SBI Personal Loan

SBI offers Personal Loan to customer to best used to improve their finances, like paying off high-interest debt, children's higher studies, cover-up medical expenses or funding a home improvement project.

                 Personal Loan Features & Benefits

Features

Easy Application

Flexible Tenure

Low processing fee paid

No physical documentation

Benefits

Attractive interest rate

No Collateral required

24*7 availability through SBI YONO APP

SBI Personal Loan Interest Rates, Processing fees & tenure

Interest Rate9.60% p.a. onwards

Loan AmountLoan up to Rs.20 lakhs

Minimum Income RequiredMinimum Income should be above Rs.15,000 p.m

Loan TenureUp to 6 years

Types of SBI Personal Loan

There are majorly 5 types of SBI personal loan offered to customized segment as below mentioned -

SBI Kavach Personal Loan: - SBI offers kavach personal loan that work as a term loan with the motive to help individual/family who were impacted by covid & require finance for treatment expenses & this feature shall be effective from 1st of April 2021. Any salaried & self-employed can get upto 5 lakhs that too with zero processing fees at 80.5% rates.

          Key Features: -

No collateral/security required

Zero processing fees

Lowest EMI facility

SBI Personal Loan for Pensioners: -SBI pension loan is offered to state, central, defence and family pensioners to fulfil their personal financial needs whether financing for children higher studies or marriage, planning to purchase new home, covering up medical expenses or paying off existing debts.SBI Pension loan requires only minimal documents even processed in less time as compared to other loans & provide you the comfort of paying affordable EMI as SBI personal interest rates starting from 9.75% onwards with no processing fee are levied.Ensure pensioners age should not exceed 76 years when applying for loan.

          Key Features: -

Applicant must have Pension Account in SBI Bank

No processing fee levied

Get easy EMI repayment method

You can apply from any SBI Bank Branches

SBI Xpress Credit Personal Loan: -As the name itself say Xpress credit personal loan that allows applicant to get instant disbursal for covering up all types of financial needs mainly for unplanned expenses. Any salaried individual having salary account in SBI Bank with a regular income of 15,000 p/m can get loan upto 20 lakhs.

          Key Features: -

Applicant should have salary account in SBI Bank

Get loan amount from 1 Lakh to 20 Lakhs

Flexible tenure facility ranging 6 months to 60 months

Xpress credit SBI personal loan interest rate starting @10.60% to 13.10% p.a

Pre-Approved Personal Loans on YONO:-SBI Bank offers pre-approved personal loan to their pre-selected existing customer by determining certain parameters if you are a pre-approved applicant can get advantages of Instant loan through YONO App.

     Key Features: -

Applicant should have salary account in SBI Bank

Instant disbursement through YONO app in just 4 clicks

Fully Digitally processing & sanction

24*7 support availability in YONO

SBI Quick Personal Loan:- SBI Quick personal loan give you the flexibility of getting loan, whether you maintain a salary account in SBI or with other banks, you have still opportunity to get loan that too in quick time.

     Key Features: -                

Not Mandatory to have account in SBI

Applicant monthly minimum income should be above 15,000

Salaried Employee must have at least 2 years of work experience

Get Loan at affordable rates with lowest processing fee

No Collateral or Guarantor required to get Loan

State Bank of India Type of Other Charges

Security - NIL

Processing Fees - SBI charges 1% of loan amount + applicable taxes

Part payment charges - 6 months to 60 months (or residual service period whichever is lesser)

Penal charges- 2% p.m. charged

SBI Personal Loan Eligibility Criteria

The applicant should be a permanent employee with a minimum    year of service with any of the following employers –

Central and State Government

Private Company

Selected Corporates who have a business relationship with the bank as well as do not have ECR, Subject to certain terms and conditions

Applicant minimum net income should be Rs.15,000/- p.m.

Existing savings account or current account is required for this loan

The customer should maintain the required balance in the account as per the account type.

A pre-approved SBI Personal Loan offer must be available when the applicant logs into YONO app.

SBI Personal Loan Documents Checklist

Document categoryDocuments required

KYC Document

Both salaried as well as self-employed need to provide any one of the following as identity proof.

PAN Card

Aadhaar Card

Drving License

Election/ Voter ID Card

Passporit

Proof of Income

Applicant should require last 3-month payslip.

Applicant should have bank statement of last 6 months.

Financial Documents

Salaried Individuals:  salaried individuals required last 3 month's Salary Slips and, Bank Statements of 6 months.

Self-employed individuals: - Self-employed individuals required a last 1-year bank statement for both savings and current account.

Proof of residence

You can summit any one of the following documents as an address proof:

PAN Card

Passport

Aadhaar Card

Driving License

Election/ Voter’s ID Card

Property/ Municipal Tax receipt

Electricity bill, telephone bill, piped gas bill, water bill, post-paid mobile   phone bill etc.

How to apply for personal loan from SBI Bank online

You can use SBI personal loan online apply through the SBI YONO app, you can follow the below-mentioned steps by steps points:

Login to the SBI YONO app with some basic details.

See for available pre-approved personal loan offer in your account

Select the loan amount and tenure according to you

Enter the OTP which received on your registered mobile number and submit the application

The amount of loan will be pay out in your account instantly

State Bank of India SBI Personal Loan FAQ

1.How to pay SBI personal loan Emi online?

Borrowers of SBI loans can quickly pay their SBI loan EMI online if they missed it or if they (borrowers) want to prepay some amount. This service entails transferring funds from a savings account to the credit of a loan account via NEFT, which is an instant transfer because the accounts are with SBI.

2.How much personal loan can I get from SBI?

Many factors are considered in terms of determining personal loan amount of an individual, in general you can get maximum upto 20 lakhs.

What is the age limit for borrowers?

SBI personal loan eligibility for age limit set as minimum 18 & maximum 52 years at the time of application.

4.How do I track my SBI personal loan?

To track your SBI personal loan status download the YONO SBI app and know your status easily.

5.How to use SBI personal loan EMI calculator?

State bank of India SBI personal loan EMI calculator is user friendly & ease to use, enter your required loan amount with interest rate & tenure time period required to repay loan amount, within seconds its present overall schedule chart.

6.How can I apply for SBI personal loan online?

For digital process use SBI personal loan online apply through YONO App with just 4 clicks you can get loan without any facing problem.

What is the SBI personal loan interest rate for salary account?

SBI personal loan interest rate for salary account starts from 9.60% to 11.10% per annum which mean to be low rates as compared to other loans.

Which bank personal loan is best?

Every bank is best at their aspects, Choosing the best bank for personal loan online requires research & comparison, to ease your process we have thoroughly researched by determining different factors to filter ideal bank like SBI, HDFC, Kotak, ICICI, Axis. Etc are some of the top best listed banks for personal loan.

How to check SBI personal loan status?

If you want to check SBI personal loan status online, just download the YONO App-Click personal loan- Select availed type of loan-Finally you have to enter application reference number which have been received to your registered mobile number by Bank. If you want to visit your nearest bank branch carry out relevant document & ask the bank representative to look upon it.

10.Is there any SBI personal loan app?

Yes, SBI personal loan app has launched application in the name of YONO App its totally a digital bank where you can easily pay off your bills, book tickets, transfer money, take loan like more & more features.

SBI Personal Loan customer care number

SBI personal loan customer care number can be used for any service-related issue, customer can get in touch with SBI by Calling Customer Help Line Numbers 1800 425 3800

Toll free number: 1800 1234

Toll number: 080-26599990 Toll free number: 1800 425 3800

Toll free number: 1800 11 2211

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Bank of Baroda Personal Loan

Bank of Baroda Personal Loan

Personal Loans from the Bank of Baroda have many advantages over other forms of credit, like credit cards & informal Loans from friends, family members or untrustworthy financiers. Bank of Baroda Personal Loan is a good option if you need an emergency fund for wedding, or planning a tour with family.

        Bank Of Baroda Personal Loan benefits and features

Benefits

Advantage over credit cards

Zero prepayment charges

Offers the top up facility

Features

Maximum Loan amount can be obtained

Flexible tenure

Bank of Baroda Various Types of Personal Loans

Bank of Baroda Personal Loan for personal expenses:-Bank of Baroda offers Loan for personal expenses such as weddings, medical emergencies, paying off debts, higher education, home renovation, etc.

Bank of Baroda Top-up loan:- Through BOB Top up the Loan, you can avail minimum Loan amount as 1 lakh & maximum Loan amount as 2 crores but remember repayment tenure period will be the balance on your existing home loan

    3. Bank of Baroda pre-Approved Personal Loan:- As its name suggests approved Personal Loan is given to only potential borrowers who qualify some eligibility criteria to get approved. Suppose, you are pre-approved customer then you may contact BOB representative directly to get benefited from offering schemes.

Bank of Baroda Personal Loan rate of interest, fee and other charges

Interest Rates and Types of Banks of Baroda loan scheme

Charges

For Existing Customers having bank account Relationship with same Bank for minimum 6- months For applicants having Bank account relationship with any other Bank for minimum 6- months

Lowest interest rate10.50%12.50%

Processing fee2% +GST2% +GST

Penal interest2% on overdue amount2% on overdue amount

Pre-closure charges Nil charges Nil charges

Loan amount

Loan up to 1 lakh to 10 lakhs for Metro and Urban Centers.

Loan up to 50,000 to 5 lakhs for Semi Urban & rural areas)

Loan up to lakh to 10 lakhs for Metro and Urban Centers

Loan up to 50,000 to 5 lakhs for Semi Urban & rural areas)

Foreclosure charge Nil charges Nil charges

Tenure48 to 60 months48 to 60 months

Bank of Baroda Personal Loan eligibility

Age21 – 70 years

Employment Type Salaried and Self-employed professional and non-professional

Minimum Salary for SalariedRs.25,000 per month

Minimum Salary for Non-SalariedRs.2 lakh per annum

Bank of Baroda Personal Loan Eligibility Criteria for Salaried:-

Applicant should be resident of India

Applicant age should be in-between 21 to 70 years

Bank of Baroda Personal Loan Eligibility Criteria for Professional:-

Applicant age should be in-between 21 – 65 years

Doctor, CA, Architect, Lawyers, Consultant, Engineer & CS can apply for Home Loan on Professional category.

Bank of Baroda Personal Loan Eligibility Criteria for Self-Employed:-

Any individual filling income tax returns are eligible

Maintain good financial records

Minimum 3 years of existing business

Bank of Baroda Personal Loan Documents Required

Document categoryDocuments required

KYC Document

Both salaried as well as self-employed need to provide any one of the following as identity proof.

PAN Card

Aadhaar Card

Driving License

Election/ Voter ID Card

Passport

Proof of Income

Applicant should require last 3-month payslip.

Applicant should have Bank statement of last 6 months.

Financial Documents

Salaried Individuals:  salaried individuals required last 3 month's Salary Slips and, Bank Statements of 6 months.

Self-employed individuals: - Self-employed individuals required a last 1-year Bank statement for both savings and current account.

Proof of residence

You can summit any one of the following documents as an address proof:

PAN Card

Passport

Aadhaar Card

Driving License

Election/ Voter’s ID Card

Property/ Municipal Tax receipt

Electricity bill, telephone bill, piped gas bill, water bill, post-paid mobile phone bill etc.

How to apply Bank of Baroda Personal Loan online?

Step 1 - You can apply for a Personal Loan from the Bank of Baroda by visiting their website or you can visit the nearest branch.

Step 2 - Check your eligibility criteria to meet well or not from your end to avoid Loan rejection. If, yes you may download Personal Loan application form by online or collect it from your nearest branch Bank.

Step 3- Fill the required personal, professional, and financial details and attach KYC & mandatory documents. Then check your all details and documents twice before submitting the Loan application.

Step 4 – After evaluation of your information. shortly your Loan approval take place where your Loan sanctioned then, Loan amount will be credited to your respective account

                         Bank of Baroda Personal Loan FAQ

How to fill Bank of India Personal Loan application form?

It’s a simple process whether you are applying online or offline you just need to ensure that you carry mandatory document as given by BOB Personal Loan checklist, after that you will be required to fill up the details in Personal Loan application form like your full name, date of birth, address, occupation & contact details along with necessary documents attached. Check twice details & documents are submitted properly without any missing or error consist.

What is the importance of credit score to avail a Bank of Baroda Personal Loan?

Your credit score matters a lot while you get a BOB Personal Loan. Your cibil score should be more than 750. A low credit score increases the chances of rejection your application.

What is the Bank of Baroda customer care number?

Any further query and question just call on toll free number for Bank of Baroda are 1800 258 4455 and 1800 102 4455.

Who are eligible to apply for Bank of Baroda Personal Loan as self-employed professionals?

All individuals who fall under the self-employed such as doctors, lawyers, interior designers, architects, engineers, tech consultants, management consultants, company secretaries, and so on are eligible to avail of a Personal Loan through the Bank of Baroda.

Do I need to be an existing customer of Bank of Baroda to get their Personal Loan?

No, it's not necessary to be an existing customer of same Bank but Banks give preference to existing customer. For new customer, the Bank will check your financial record, any recent credit transactions, and your average financial status.

How much EMI do I have to pay?

To know how much EMI is allocated to your borrowed amount, firstly you need to calculate. Use the Bank of Baroda Personal Loan calculator to get your monthly scheduled EMI & timely its remaining principal amount.

How does Bank of Baroda Personal Loan EMI calculator work?

To calculate Personal Loan EMI, you need to enter required Loan amount, tenure period to repay Loan & interest rates to calculate monthly payable EMI.

Bank of Baroda Customer Care

For knowing more about Personal Loan customers can contact the Bank of Baroda customer services by call on this number 1800-258-4455 and 1800-102-4455 (toll-free) or you can visit the nearby Bank of Baroda branch to get your queries answered.

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ICICI Bank Personal Loan

Description: - Get an ICICI Bank Personal Loan at 10.50% onwards, get up to 20 lacs- lowest processing fee. ICICI Bank offers specialized Personal Loan! know your eligibility.

ICICI Bank Personal Loan

A Personal Loan is a dominant Loan product for any Bank. Personal Loans are pay out quickly and do not require any collateral.  They allow customers to obtain funds immediately to meet any unexpected happening. ICICI Bank Personal Loans can be utilized for different purpose like weddings, holidays plan, home repairs and construction, fresher funding or as a kind of top-up Loan.

Benefits and features of Personal Loan

Benefits

Flexibility in Loan tenure

Minimum documents needed

Interest rate is fixed

Collateral or security not needed

Features

Disbursal within 3 seconds

Loans of up to Rs.20 lakh

Tax benefits

Zero hidden charges

              ICICI Bank Various Types of Personal Loans

1. Fresher Funding: - Fresher funding provided by ICICI Bank. This Loan designed to help freshers i.e., a recently graduated and seeking their first job. ICICI Bank Personal Loan interest rates depends on the Loan applicant. They can get up to 1.5 lakh-the credit history, age and location of the applicant.

2. Top-up Loan: - ICICI Bank offers top-up Loan on existing Personal Loans to help individuals meet their gradational, financial need. There are two top-up Loan options offered by ICICI Bank to customer. You can either choose to get a new Loan in addition to your existing Personal Loan or get a top-up on your existing Personal Loan.

 3. Personal Loan for NRIs:  ICICI Bank offers Personal Loan for Non-resident Indians (NRI) also help them to fulfil all needs, be it a dream wedding or renovating a home or a wonderful trip.

       ICICI Bank Personal Loan interest rate & processing fee

Interest Rate10.99% p.a. onwards

Loan AmountUp to Rs.20 lakh

Loan TenureUp to 5 years

Repayment charges5 % p.a.

Processing Fee2.25% of the loan amount + GST

Type of Other Charges by ICICI Bank Personal Loan

1. Loan processing charges: - 2.25% will be charged as a processing fee.

2.Prepayment Charges: - Prepayment fee will be 5 %p.a.

3. Loan Cancellation Charges:  Each Loan cancellation you will be charged 3000/- plus GST.

4. Late payment charges: - 24% will be imposed on p.a.

5. Changing repayment mode: - For changing repayment mode swapping will be charged 500.

6. EMI bounce charge: - For each cheque bounce you will be charged 400/-. per bounce plus GST.

ICICI Bank Personal Loan Eligibility

1. The applicant should be a permanent employee with a minimum 1 year of service with any of the following employers –

Central and State Government

Private Company

Selected group who has a business relationship with the Bank as well as do not have ECR, Subject to certain terms and conditions

Applicant minimum net income should be Rs.30,000/-per month

    3. Existing savings account or current account is required for this loan

     4. The customer should maintain the required balance in the account as per the account type

ICICI Personal Loan Documents Required

Document categoryDocuments required

KYC Document

Both salaried as well as self-employed need to provide any one of the following as identity proof.

PAN Card

Aadhaar Card

Driving License

Election/ Voter ID Card

Passport

Proof of IncomeApplicant should require last 3-month payslip & must show latest 6 months bank statement.

Proof of residence

Documents requirement as an address proof:

PAN Card

Passport

Aadhaar Card

Driving License

Election/ Voter’s ID Card

Property/ Municipal Tax receipt

How to apply for ICICI Personal Loan Online?

Step 1 - You can apply for ICICI Bank Personal Loan through visiting their website ICICI Bank.com or you can visit the nearest ICICI branch Bank.

Step 2 - Firstly check your eligibility criteria to meet well or not from your end to avoid Loan rejection. If yes you may download Personal Loan application form by online or collect it from your nearest branch Bank.

Step 3- Fill the required personal details of & occupational & attach KYC & mandatory documents. Then check your all details and documents twice before submitting the Loan application.

Step 4 – After evaluation of your information. Banker will shortly give Loan approval after that Loan sanctioned would be shared & soon the disbursement take place, Loan amount will be credited to your account.

ICICI Bank Personal Loan FAQ

How to check ICICI Bank Personal Loan status?

Checking your Personal Loan status in ICICI Bank is simple & quite easy as below given step by step: -

Just click on this link https://loan.icicibank.com/asset-portal/my-applications-login

You need to fill  the basic details like your registered mobile number, date of birth and OTP/application number and click on Continue to check the status of your application.

How to use ICICI Bank Personal Loan calculator?

The purpose of using calculator to know your financially eligible to manage your budget after getting a Loan.

What is the age limit of ICICI Personal Loan?

The applicant should be 23 years old to apply ICICI Personal Loan.

What should be my income to secure an ICICI Bank Personal Loan?

A minimum salary of salaried people should be Rs. 30,000. The business entity profit should of Rs. 2 lakhs (for Proprietorship Firm or Self-employed Individuals) and as per audited financial Rs. 1 lakh for non-professionals.

What is the method of repaying Personal Loan in ICICI Bank?

You can repayment your Personal Loan ICICI Bank through EMIs. If you have an account with this Bank, you can repay the amount through a direct debit facility or, you can even repay the loan via NACH mandate.

How to apply ICICI Personal Loan Offline?

You can also apply for ICICI Bank Personal Loan offline by visiting the nearest ICICI Bank branch and filling and submitting the Personal Loan application form.

ICICI Bank Customer Care

For any query and doubts customers can contact from ICICI Bank customer care via any of the following types:

By Phone or: You can call ICICI Bank on 1860-120-7777 (toll free)

Online Chatbot: You can also get your queries answered by the iPad chatbot online

Branch Visit: You can visit your nearby ICICI Bank branch to get your queries

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Axis Bank Personal Loan

Do you need urgent funds for any emergency whether for children higher studies, cover-up medical expenses or pay off other debts & much more, Axis Bank personal loan stands here to solve your problems.

Axis Bank Personal Loan Features & Benefits

Features:-

Low interest rates

Flexible tenures and repayment options

Minimal documentation and

Quick approval

Collateral free

Benefits:-

Personal loan funds can be utilized for multiple purposes & it is the core benefit of this loan:-

Used in wedding

Holiday trip

Business investment

Covering Medical Expenses

Home construction and renovation

Axis Bank Personal Loan Interest Rates, Processing fees & tenure

Processing FeesUp to 2% of the Loan Amount

Foreclosure charges

5% for 0 - 12 Months

4% for 12 - 24 Months

3% for 24 - 36 Months

2% for greater than 36 months

+ GST as applicable.

Loan amountBased on customer profile

Interest Rate Axis bank personal loan interest rate is starting @ 10.49% onwards.

Maximum Tenure more than 36 month

Types of personal loan from Axis bank

Personal Loan for Holiday: - You don’t need to delay your world trip plan anymore.  Axis bank is providing personal loans for holiday allows you to plan a fantastic vacation with friends & family, Require minimal documentation and quick approvals.

Personal Loan for medical emergency-No worries about emergency now you can get personal loan by Axis bank to deal with any kind of personal emergency, be it medical outstanding bills, need funds for operation and any surgery.

Personal Loan for debt consolidation: - Axis bank provides personal loans to consolidate debt and repays multiple debts at one time with single monthly payment. While this is a simplify the debt repayment process and saves you money.

Axis Bank Personal Loan Type of Other Charges Type Charges

Check Dishonor Charges300

List Of Documents Up to 500

Photocopy Of Documents Up to 500

Duplicate statement issuance charges UP to 250

Stamp duty charges As per the State Stamp Act

Swap charges Up to 500

Disbursement Cheque Cancellation Charge Post Disbursement Up to 500

Eligibility for axis bank personal loan

Axis bank will check your eligibility that you are capable for loan amount or not. To check your eligibility on personal loan use Axis Bank personal loan eligibility calculator.

Salaried Employees, Salaried doctors, or employees of public and private limited companies are eligible

Applicant monthly income should be Rs 15000

Applicant must be resident of India

At the time of maturity, applicant age should be 60 years.

Applicant age should be 18 to 65 years at the time of application.

Applicant must have a regular source of income might be salaried or self-employed (salaried individuals required last 3 month's Salary Slips and, Bank Statements of 6 months and Self-Employed Individuals required a last 1-year bank statement for both savings and current account.)

Axis Bank Documents Required for personal loan

Document category Documents required

KYC Document

Both salaried as well as self-employed need to provide any one of the following as identity proof.

PAN Card

Aadhaar Card

Driving License

Election/ Voter ID Card

Passport

Proof of Income

Applicant should require last 3-month payslip.

Applicant should have bank statement of last 6 months.

Financial Documents

Salaried Individuals:  salaried individuals required last 3 month's Salary Slips and, Bank Statements of 6 months.

Self-employed individuals:- Self-employed individuals required a last 1-year bank statement for both savings and current account.

Proof of residence

You can summit any one of the following documents as an address proof:

PAN Card

Passport

Aadhaar Card

Driving License

Election/ Voter’s ID Card

Property/ Municipal Tax receipt

Electricity bill, telephone bill, piped gas bill, water bill, post-paid mobile   phone bill etc.

How to apply for personal loan from Axis Bank

You just need to follow the given below mentioned steps to apply for an Axis Bank Personal Loan online

Step 1: - Identify the requirement and the loan amount as per your need this will help you to apply for the correct amount.

Step 2: - Visit the official website of Axis bank and choose personal loan to fill your personal, financial, and employment details.

Step 3: - After completing this step and once you submitted the application If, your criteria match then only Axis bank representative will contact you.

Step 4:- After the confirmation you need to submit documents like your proof of identity, address proof, and a bank account statement for the last 6 months.

Step 5: Shortly amount will be credit to your bank account.

Axis personal Loan FAQ

1. How to check status of axis bank personal loan? You can check your axis bank status online or offline. Applicants check the loan status by calling on this number 18604195555/ 18605005555 for any queries regarding personal Loan or you can directly visit the axis bank branch to know your personal loan application. 2. How many days it will take to get personal loan in axis bank?

Sometimes they approve loan amount on the same day if your eligibility criteria match, documentation is complete and maintain a healthy credit score or it takes usually 48 hours.

3. What is the axis bank personal loan interest rate?

Current Axis bank personal loan interest rate starting @ 10.49% onwards.

4. Do I need to be an existing customer of Axis Bank to get their personal loan?

No, it's not necessary to be an existing customer of Axis but banks give preference to existing customer. For new customer, the bank will check your financial record, any recent credit transactions, and your average financial status.

5. How do I track my Axis Bank personal loan?

To track your personal loan from axis bank, you can contact the call centre of Axis Bank, or drop a mail, or visit the nearest branch of axis bank. 6. How does Axis Bank personal loan EMI calculator work?

To calculate personal loan EMI, you need to enter required loan amount, tenure period to repay loan & interest rates to calculate monthly payable EMI.

Axis Personal Loan Customer Care number

If you have any query you can connect with Axis bank personal Loan Customer Care. You can directly visit axis bank site & fill in basic details to continue online chat do a call on toll-free Number: 011-23736555.

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HDFC Bank Personal Loan

Are you planning to buy a home, car, or want to invest in your business. HDFC Bank helps you achieve your goals with a Personal Loan.

Personal Loan Features & Benefits

Features:-

Low-interest rates

Flexible tenures and repayment options

Minimal documentation and

Quick approval

Collateral free

Benefits:-

Personal Loan funds can be used for any purpose this is the biggest benefit of this Loan.

Used in wedding

Holiday trip

Business investment

Home construction and renovation

Purchasing a car etc.

HDFC Bank Personal Loan Interest Rates, Processing Fees & Tenure

Processing Fees0.5% to 1.5%

Foreclosure charges0% to 2%

Loan amountBased on customer profile

Interest rate6.70% p.a. onwards

Maximum tenure30 years

HDFC Bank Various Personal Loans

HDFC Bank offer various type of personal Loan as below defined:-

Personal Loan for Marriage: Wedding means the tall expenses of jewelry, guest welcome and many rituals. To ensure the wedding happens with glory and glamour, HDFC bank offers Personal Loans to make it happen! You can choose the Loan amount according to your needs and preference.

Personal Loan for Travel:-Do you want to travel all over the India but unable to afford it due to insufficient money. Now HDFC Bank is providing Personal Loan for travel purposes to fulfill your desire.

Personal Loan for Home Renovation :- Generally, homeowners always want to give a new look to their homes with colourful textures and designs. Things will not take place until you spend money over it, HDFC Bank Personal Loan for home renovation Loan stands here to financially support you. Apply & get Loan instantly with no complexity.

Personal Loan for Students: - Are you planning for higher studies whether within India or abroad, Higher studies require higher funds where not everyone can afford. Concerning their interest HDFC Bank is offering Personal Loan for students at competitive interest rates to aiding them to continue their studies.

HDFC Personal Loan Type of Other ChargesTypeCharges

Check Dishonor Charges300

List Of DocumentsUp to 500

Photocopy Of DocumentsUp to 500

PDC SwapUp to 500

Disbursement Cheque Cancellation Charge Post DisbursementUp to 500

HDFC Bank Personal Loan eligibility criteria

HDFC Bank Personal Loan Eligibility that you are capable for Loan amount or not. To check your eligibility on Personal Loan use HDFC Bank Personal Loan calculator.

Applicant must be resident of India

Applicant age should be in between 18 to 65 years

Applicant must have a regular source of income might be salaried or self-employed (salaried individuals required last 3 month's Salary Slips and, Bank Statements of 6 months and Self-Employed Individuals required a last 1-year Bank statement for both savings and current account.)

HDFC Bank Documents Required KYC documents- Identity & Address proof

Proof of Identity

Both salaried as well as self-employed need to provide any one of the following as identity proof.

PAN Card

Passport

Aadhaar Card

Driving License

Election/ Voter ID Card

Proof of residence:

You can attach any one of the following documents as an address proof:

PAN Card

Passport

Aadhaar Card

Driving License

Election/ Voter’s ID Card

Property/ Municipal Tax receipt

Electricity bill, telephone bill, piped gas bill, water bill, post-paid mobile phone bill etc.

Income Proof

Applicant should require last 3-month payslip.

Applicant should have Bank statement of last 6 months.

Financial Documents

Salaried Individuals:  salaried individuals required last 3 month's Salary Slips and, Bank Statements of 6 months.

Self Employed Individuals:  Self-employed individuals required a last 1-year Bank statement for both savings and current account.

How to apply for HDFC Bank Personal Loan Online?

Once you checked your eligibility and EMI amount by using the HDFC Bank Personal Loan calculator, you can apply for a Personal Loan online from the comfort of your living room easily.

Visit to the website of HDFC Bank & choose Personal Loan to fill application form by giving required details.

Once you have done with submission, after reviewing your Loan application, if your criteria match then only HDFC Bank partner will contact you.

Give your final confirmation to proceed further, you will be required to submit your given details of documents. It's depending on you whether you want to share hard copies or soft copies of documents.

If you meet the criteria, then you will be issued a confirmation letter & you need to sign a Loan agreement with HDFC Bank, Loan amount will be credited to your account within same day.

HDFC Personal Loan FAQ

1. Is HDFC Bank ask for collateral or security to approve Personal Loan? No, Personal Loans are Unsecured Loans. You don’t need to provide any collateral or security to HDFC Bank for Personal loan.

2. How much time will HDFC Bank take to process my Personal Loan an application?

HDFC Bank Personal Loans are processed within one day or 24 hours for eligible applicants.

3. Do I need to be an existing customer of HDFC Bank to get their Personal Loan?

No, it's not necessary to be an existing customer of HDFC but Banks give preference to existing customer. For new customer, the Bank will check your financial record, any recent credit transactions, and your average financial status.

4. How much Personal Loan amount can I avail from HDFC Bank?

You can avail a Personal Loan from HDFC Bank up to Rs. 40 lacs, but this would be based on your income status.

5. What is the current interest rates of HDFC Personal Loan?

Current HDFC Bank Personal Loan interest rate starting @ 10.25% onwards.

6. How to pay HDFC Bank Personal Loan EMI online?

You can pay Emi online through Paytm, google pay, phone pay or any other online money transaction app.

Visit the HDFC Loan payment page on Paytm, google pay, or any other transaction platform.

Enter your Loan Account Number.

Click on 'Get Payable Amount'

Check your payable amount and choose the payment method of your preference and proceed to make the payment

After payment you done with it.

HDFC Personal Loan Customer Care number

If, you have any query you can connect with HDFC Personal Loan Customer Care through following ways:

Toll-free Number: 1800 258 3838 (open from 8 a.m. to 8 p.m. on all days).

You can directly visit HDFC Site & fill basic details to continue online chat.

You can also send quick SMS to HDFCHOME to 56767.

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All you need to know about personal loans

Don't have any security to give! Still you can get a loan easily just all you need to know about personal loans.

  What is a personal loan? If you are thinking for your higher studies, having a plan of vacation for a couple weeks, If your parents are planning for your marriage, suddenly any medical issue occur & don't able to fund the expenses? Then you must know Personal Loan stands here for your personal needs, Various Banks, NBFC's & Financial Institutions are funding for Personal Loan. Do you know Banks funds maximum 40 lakh on Personal Loans, flexible tenure, Easy Repayment mode both available online & offline, with the Lowest Interest Rates. Visit Financeseva they will provide you complete guidance upon Personal Loan. How to get a personal loan? There are various types of loan most of you know for applying loan you must have security or assets, while personalloans is such loan where you don't need any collateral to pledge. Now, you will think how to get a Personal Loan? (Top 5 Easy steps to get a Personal Loan) Specify your Requirement :- Determine your required Loan Amount Know your Eligibility :- Before applying know eligibility & try to match Check your Monthly EMI:- Checking Monthly EMI will estimate you how much you would pay

Compare Various Banks/Lenders :- Ask various banks & their ROI

Submit Documents: - Know the Checklist & make it ready How to get a loan with bad credit? Bankers generally check your ability of repaying Loan through a credit score, it's a complete report of your credit history like have one you borrowed loan earlier & have you timely paid you EMI  like others factors. For applying Loan your Credit score matters a lot because it's a unsecured loan, therefore bankers don't have security or assets to auction if you failed to pay Loan. But still there is a chance to get personal loan with bad credit as below given points to consider :- Must show a proof of stable income Apply with Small Loan Amount Add your family members as a co-borrowers Which bank is best for personal loan? To determine which bank is best for personal loan ,you must know some basic factors to consider & determine best bank for personal loan :- Interest Rates :- You are required to consider Interest Rates, because this rate will be same for your entire Loan Tenure. It's recommended to compare interest rates from different Bank & NBFC's. Minimal Documents :- Generally Checklist are differed from bank to bank, thus you need to evaluate which bank ask minimal documents. Tenure :-Number of months you would required to sum- up Loan, know whether you need longer tenure or shorter tenure. How does it works on? Personal Loan is generally two types of Loan one is secured & another one as unsecured Loan. Let's start with secured Personal Loan features: - If you have security or assets & looking for personal loan in this case you will be charged low interest along with other facility. While if we talk about Unsecured Personal Loan features: - In that case Lenders check your credit score, if it's above 700 then only you will be eligible to get Personal Loan because due to lack of security collateral not pledging you will be not offered loan easily. Hope so things has been cleared well yet! Read More Click here: loans

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MSME Collateral Free Loan @8.50% Onwards

MSME Collateral Free Loan

The specialty of collateral free loan :- Collateral-free loans do not require you to pledge any asset as security. It brings peace of mind and opens up unlimited opportunities. One can avail collateral-free loans for various purposes. Such loans can help you meet business goals as well as personal needs like higher education, medical emergencies, marriage expenses, etc.

How is the service fee payable for the first year?

In the first year of coverage of each guaranteed unit, the Annual Service Fee is worked out on pro-rata basis i.e. at the applicable rate of fee charged for the period (no. of days) of outstanding, starting from the date of commencement of the guarantee cover till March 31. For calculation of Annual Service Fee, number of days in a year is taken as 365. For subsequent years, service fee is charged for the whole year, on the credit facility guaranteed except for terminal year or closed cases where it is on pro rata basis.

Read More Info Click here: collateral free loan

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Bank Guarantee @ 1.00 per annum commission Onwards

Bank Guarantee

An assurance to a beneficiary that the bank will uphold a contract if the applicant and counterparty to the contract are unable to do so. A guarantee means giving something as security. A bank guarantee is when a bank offers surety and guarantees for different business obligation on behalf of their customers within certain regulations.It is generally a promise made by the bank to any third person to undertake the payment risk on behalf of its customers.

What is a Bank Guarantee?

A bank guarantee is a type of guarantee from a lending institution. The bank guarantee means a lending institution ensures that the liabilities of a debtor will be met. In other words, if the debtor fails to settle a debt, the bank will cover it. A bank guarantee enables the customer, or debtor, to acquire goods, buy equipment or draw down a loan.

Examples of Bank Guarantees?

Because of the general nature of a bank guarantee there are many kinds. Here are some common examples: A payment guarantee assures a seller the purchase price is paid on a set date. An advance payment guarantee acts as collateral for reimbursing advance payment from the buyer if the seller does not supply the specified goods per the contract. A credit security bond serves as collateral for repaying a loan. A rental guarantee serves as collateral for rental agreement payments

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What is a Bank Guarantee (BG), why not any other bank instruments? What is a Clean BG?

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Letter of Credit@ 1.00% per annum commission interest Onwards

Letter of Credit

Importers and exporters normally require intermediaries such as banks or alternative financiers to guarantee payment and also the delivery of goods. Cash advances or trade credits on open accounts are usually used after the buyer and seller develop a trusted relationship. Therefore trade finance structures are used to support these relationships.

What is a Letter Of Credit?

A letter of credit is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase. Due to the nature of international dealings, including factors such as distance, differing laws in each country, and difficulty in knowing each party personally, the use of letters of credit has become a very important aspect of international trade.

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Types of Letters of Credit? What bank are the letters of credit issued from? Will my factory accept a letter of credit?

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Personal Loan Starting @ 10.25% Onwards

 What is Personal Loan? What can I use a personal loan for?

Personal Loan Starting @ 10.25% OnwardsPersonal

Loans are an approach to address money related issues during a crisis. It's a kind of unsecured loan and can be utilized for marriage costs, taking care of the hospitality bills, either going for your dream get-away or redesigning your home.

What is Personal Loan? Personal loan is an unsecured loan provided by a bank or non-banking financial company (NBFC) to an individual on the basis of key criteria such as income level, credit history, repayment capacity, employment history and other relevant factors that tend to vary from lender to another. Also known as a signature loan, a personal loan is extended to salaried and self-employed individuals alike on the basis of a judgment call made by the loan sanctioning officer on the basis of documentation submitted by the applicant. What can I use a personal loan for?

What can I use a personal loan for? A personal loan can be used for almost any type of expense ranging from big ticket appliance purchases and home renovations to luxury vacations and debt consolidation. Some other cases where personal loans may be useful include payment to unexpected medical bills.