IFSC Code : IBKL0497LUC

Salaried Parson

Personal Loan to Salary Earners :

  • Loan Limit : Maximum Upto Rs.5.00 Lacs. (Subject to Net salary in Hand for last 3 months)
  • Repayment : Repayment period will be maximum 5 Years
  • Rate of Interest : Attractive rate of Interest.
  • Interest Calculation : Interest calculation on daily reducing balance.
  • Purpose : To meet Educational, Medical or any other personal requirement.
  • Security : Hamipatra from Authorized person for monthly deduction of EMI from Salary.
  • Guarantors : Min Two Guarantors acceptable to bank from same Institution.
  • Shares Contribution : Main Share of Rs.1000/- + Additional shares of 2.5% of loan amount.
  • Charges :
    • Processing Fess : 1% of loan amount + applicable S.T.
    • Stationery Charges : Upto 1 Lakh Rs. 100 + applicable S.T.
      More than 1 Lakh Rs. 200 + applicable S.T.
    • Franking Charges
  • Condition : Minimum 1 year confirmed service is done.

Documents Required :

  • Loan application
  • PAN Card, Address Proof, latest Photograph, of the Applicant and Guarantors.
  • Applicant & Gaurantor:
    • Salary slip of last 3 months
    • Bank a/c statement for last 6 months where salary is credited.
    • Form No 16 / ITR for last 3 finicial year.
    • Confirmation Order
  • Insurance : Accidental Insurance Cover of Borrower as per bank’s policy.
  • Any other documents as required by the bank at later stage.
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