Personal loan, a loan to meet your current financial needs, is also referred to as an unsecured loan as there is no security against it. It is usually taken by borrowers who are looking for quick and easy loans with manageable interest rate and minimum documentation. You can use a personal loan as per your convenience without being monitored for the actual end usage.
Personal loan, a loan to meet your current financial needs, is also referred to as an unsecured loan as there is no security against it. It is usually taken by borrowers who are looking for quick and easy loans with manageable interest rate and minimum documentation. The primary Personal Loan eligibility criteria from is that you should be a salaried professional between 25-58 years of age.
Personal loan, is an unsecured loan as there is no security against it. offers personal loan interest rates based on your credit history, salary, the amount being borrowed. The lowest personal loan rate of interest starts from 16%. Additional fees such as Processing fee, EMI Bounce charges, Penal Interest and Secure Fee (only for online) would be charged.
Personal loan interest rates are calculated based on your credit history, salary, the amount being borrowed, and other criteria. In case you have not defaulted on payments of an earlier loan and have paid all your bills on time, you will be viewed as a low-credit risk. The lowest personal loan rate of interest starts from 16%.
The pre-closure of loan or the full repayment of the remaining loan amount in one single payment is termed as a Loan foreclosure. Use the foreclosure calculator, by selecting the number of EMIs that you have already paid and the month on which you want to foreclose your loan. This will help you calculate the foreclosure amount.
The full repayment of the remaining loan amount in one single payment is termed as a Loan foreclosure. Bajaj Finserv does not charge any extra fees or penalties as loan foreclosure charges. Use the foreclosure calculator, to calculate your foreclosure amount.
"An EMI Calculator is very easy to use. All you need to do is enter the following information: • The Loan Amount • Tenor( In Months) • Rate Of Interest "
Personal Loan EMI is the monthly payments that you would need to make in order to repay your Personal Loan. In order to calculate your Personal Loan EMI amount you can use an EMI calculator.
Personal Loan has different set of documents, eligibility criteria and loan requirements. The primary eligibility criteria for Personal Loan from Bajaj Finserv is that you should be a salaried professional between 25-58 years of age. In order to read about documents that would be required as well as to check eligibility criteria for Personal Loan
Bajaj Finserv gives you the option to prepay your personal loan’s EMIs up to 6 times in a calendar year at any interval as per your convenience. The minimum amount for each personal loan prepayment transaction should not be less than 3 EMIs. There is no maximum limit for repayment amount, subject to your clearing of your first EMI. Feel free to use our Personal Loan repayment calculator for more clarity.
If you have a large sum of money and you use it to repay your loan early, it would result in either a reduction of your EMI amount or reduction in tenure. Repaying your loan early is termed as personal loan pre-payment or part prepayment of loan. The pre-payment amount must be at least three times of your EMI amount. There is no maximum limit for repayment amount, subject to your clearing of your first EMI. Feel free to use our Personal Loan repayment calculator for more clarity.
A letter of continuity is a legal document which is signed by the borrower before the loan amount is disbursed. This document is an acknowledgement of the borrower that the balance loan amount would continue until it is completely paid off.
"Before applying for a Personal Loan, you can check your CIBIL score by following these steps: • You can initiate the process by filing in a form on CIBIL’s official website • You have to fill in personal details like name, address, and contact number • If you want a CIBIL Transunion score and your CIR (credit information report), you need to pay a fee of Rs.550 • Once you’ve submitted the form and made the payment, your CIBIL score and report will be mailed to you You can also apply for your CIBIL score offline by mailing all your documents and a demand draft of Rs.550 to CIBIL’s office in Mumbai. "
You can avail of loans ranging from Rs 50,000/- to Rs 15,00,000/- depending on your eligibility, income and repayment capacity.
The loan can be repaid over a period of 12 to 60 months.
A processing fee of 2% to 2.25% depending on the company you are employed in and location of the loan will be levied. This fee will be deducted from the disbursal amount payable to you.
Loans are approved within 72 hours of submission of complete documentation.
No security, collateral or guarantors are required for obtaining Personal Loans.
You can repay the loan in Equated Monthly Installments (EMI's) through post-dated cheques favouring ICICI Bank Limited, or if you have an ICICI Bank account you can mandate us to directly debit the same or by ECS ( Electronic Clearing Services) with any other Bank
Yes, you can prepay the entire loan outstanding anytime after paying 6 installments. Prepayment charges as applicable would be levied on the outstanding loan amount. No part prepayment is allowed.
"You can approach us in any of the following ways Apply Online Write to us using the Email Us option Call us at our 24 hour Customer Care Centre You can just walk into any of our branches. Receive a call "
Yes ICICI Bank offer Personal Loan for business purpose, to self employed individuals as well.
"For prepayment of your Personal Loan account, please visit our nearest ICICI Bank branch. We request you to carry with you the following documents to complete the process: Request Letter signed by the loan applicant PAN Card (if the mode of payment is cash and the amount is more than Rs.50,000) Payment can be made through cash, cheque or demand draft. "
"In case you are unable to visit our branch for prepayment of your loan, you can send your representative along with an authority letter duly signed by the loan applicant, for payment. The co-applicant or third party visiting the branch for closing the loan needs to carry the documents mentioned below: Main applicant Identification proof (Driving License or Passport or Voters card or PAN Card) Authorisation letter from main applicant. "
ICICI Bank offer Top Up facility if you have paid 12 EMI on the existing Personal Loan.
ICICI Bank offer Balance Transfer Facility if you have paid 12 EMI. Please contact your nearest branch or our call center for further details.
In the event of the applicant's/s' wishes: to procure the post-dated cheques and / or security post dated cheques that remain un-banked at the end of the loan tenure / change of repayment mode; or details of such un-banked post dated cheques and / or security post dated cheques, the applicant/s must make a request for the same, within thirty days of closure of loan / change of repayment mode. If this is not done, ICICI Bank shall have the discretion / responsibility to destroy the un-banked post dated cheques including security post dated cheques without any further notice and ICICI Bank shall not have the obligation to return the same to the Applicant/s.
"You may update your mailing address, mobile number or e-mail ID through any of the following modes: Through Internet Banking: STEPS: Login to www.icicibank.com with your user ID and password Click on the ""Loans"" option Click on the ""Requests"" option Select the option ""Request for Address Change"" or ""E-mail and contact number updation"" Through our Customer Care: Call our 24-hour Customer Care and our executive will be glad to help you. At any ICICI Bank branch: Visit any ICICI Bank loan branch with a valid photo ID proof and submit an application. Apply online for an ICICI Bank Personal Loan With ICICI Bank Personal Loans, you can get instant money for a wide range of your personal needs like renovation of your home, marriage in the family, a family holiday, your child's education, buying a laptop, medical expenses or any other emergencies. With minimum documentation, you can now avail a personal loan for an amount up to Rs. 15 lakhs at attractive rates of interest. You may update your mailing address, mobile number or e-mail ID through any of the following modes: Through Internet Banking: "
You can start the process of applying for a Personal Loan in any of the following ways: • By applying Online with ApnaLoanBazaar, Click Here to Apply • In person at any Axis Bank Loan Center. • By calling Axis Bank Call Center at any of these toll free numbers: 1800 233 5577 or 1800 209 5577 or 1800 103 5577.
Axis Bank will convey its decision within 5 working days from the date of receipt of the application provided the application is complete in all respects. The computation of 5 days shall starts from the day on which all documents required for a proper appraisal of the application are provided by the Customer to bank.
"At Axis Bank, you can get a Personal Loan from Rs 50,000/- to Rs 15,00,000/-. Some of the the factors we consider when deciding a loan amount are: • Your requirement and eligibility • Your income • Your repayment capacity"
Axis Bank offers you a flexible tenure ranging from 12 to 60 months. For more features of Axis Bank Personal Loans, please click here.
Yes, banks charge a non-refundable processing fee for every Personal Loan application. The processing charge to avail of an Axis Bank Personal Loan ranges between 1.5% to 2% of the loan amount plus service tax as applicable.
"You may place request for Statement of Acccount or Repayment Schedule or Interest Certificate in either of the following ways: • By calling Axis Bank Call Center at any of these toll free numbers: 1800 233 5577 or 1800 209 5577 or 1800 103 5577. • By using your registered email id to write to Axis Bank at: email@example.com."
"You may repay your Personal Loan in any of the following three ways: • Standing Instruction (SI): This mode can be used if you have an existing savings, salary, or current account with Axis Bank. You may wish to open a savings account with Axis Bank to use this option. Your EMI amount will be debited automatically at the end of the monthly cycle from the Axis Bank account you specify. • Electronic Clearing Service (ECS): This mode can be used if you have a non-Axis Bank account and would like your EMIs to be debited automatically at the end of the monthly cycle from this account. • Post-Dated Cheques (PDCs) : You can submit post-dated EMI cheques from a non-Axis Bank account at your nearest Axis Bank Loan Center. A fresh set of PDCs will have to be submitted in a timely manner. Please note Post Dated Cheques will be collected non-ECS locations only. Axis Bank recommend that you opt for either the SI or ECS mode of payment as they are both faster and less prone to error than the use of PDCs."
"Yes, you can make a part-prepayment towards your Personal Loan at your nearest Axis Bank Loan Center. *Currently, Axis Bank levies no charge for part prepayment."
"You may update your mobile number and email address in either of the following ways: • By calling any of Axis Bank toll free numbers: 1800 233 5577 or 1800 209 5577 or 1800 103 5577. • By using your registered email id to write to Axis Bank at: firstname.lastname@example.org "
"Before we process a foreclosure, all outstanding dues must be cleared. So we request you to first check for and clear any remaining amount that may be payable towards your Personal Loan by requesting a foreclosure statement from your nearest Axis Bank Loan Center. Once all outstanding dues have been cleared, please submit a foreclosure request at the Loan Center, and we will begin processing your request. *Currently, Axis Bank levies no charge for pre-closure of a Personal Loan account.Before we process a foreclosure, all outstanding dues must be cleared. So we request you to first check for and clear any remaining amount that may be payable towards your Personal Loan by requesting a foreclosure statement from your nearest Axis Bank Loan Center. Once all outstanding dues have been cleared, please submit a foreclosure request at the Loan Center, and we will begin processing your request. "
HDFC Bank offer flexible repayment options ranging from 12 to 60 months, depending on the customer’s profile.
You can take a loan ranging from Rs. 50,000 to Rs. 15,00,000, depending on your income and repayment capacity. You can club your spouse’s income if you want to get a bigger loan.
You pay the loan in equal monthly instalments (EMIs). The loan will be paid through post-dated cheques. You can also pay through ECS or a standing instruction to debit your HDFC Bank account with the EMI amount.
No, part prepayment is not allowed. The loan has to either be prepaid in full or serviced for the contracted tenure
You get a preferential rate of interest and processing fee, speedy processing and minimal documentation if you have a Salary Account with HDFC Bank. This is taken into account at the time of disbursal of the loan. You can pay through a Standing Instruction to debit your HDFC Bank account with the EMI amount.
No you don’t have to provide any security, collateral or guarantee.
Removal of a pledge from the security to regain the rights over the security is called de-pledge.
A Guarantor is a person who guarantees to pay for someone else's debt if he or she should default on a loan obligation.
Amortization is paying off debts in regular instalments over a period of time.
A right over the security is created in favour of HDFC Bank. Hence shares cannot be transferred or sold by the customer or shareholder.
RTGS is the Real Time Gross Settlement which is used for the transfer of amounts of Rs. 1,00,000 or more from one bank account to another bank account (any bank located anywhere in India if attached with an Internet system) at very minimal charges. The amount is credited into the beneficiary's account in real time. For amounts less than Rs. 1,00,000 we use NEFT( National Electronic Fund Transfer).
The National Electronic Funds Transfer (NEFT) system is a nation-wide funds transfer system to facilitate transfer of funds from any bank branch to any other bank branch.
SI stands for Standing Instructions. It is one of the modes you can use to repay a loan, wherein your HDFC Bank account is directly debited for the EMI amounts, based on your specific instructions in the form of the Standing Instructions Mandate.
CIBIL stands for Credit Information Bureau India Limited. CIBIL's aim is to fulfil the need of credit granting institutions for comprehensive credit information by collecting, collating and disseminating credit information pertaining to both commercial and consumer borrowers, to a closed user group of members. Banks, Financial Institutions, Non-Banking Financial Companies, Housing Finance Companies and Credit Card Companies use CIBIL's services. Data sharing is based on the Principle of Reciprocity, which means that only Members who have submitted all their credit data may access Credit Information Reports from CIBIL.
Yes, you can choose to repay your loan anytime after 12 months of taking the loan and after you have paid 12 EMIs along with applicable foreclosure charges. Please note Loan can be foreclosed by issuing a Demand draft / cheque at the branch; kindly note that cash beyond Rs. 49000/- will not be accepted for loan repayment against part prepayment/ full payment / matured loan closure payment. Any payment above Rs. 49000/- should be made vide Account payee Cheque / Pay order /Demand draft.
You need to carry an Agreement Number, Self-attested Identification Proof containing your signature to avail of any information / deliverable along with a written request and produce the documents at the Customer Service Desk.
Once you submit your application form and the required documents as per Bank's criteria, you can expect our approval and disbursal within 7 working days, provided everything is in order. All loan approvals are at the sole discretion of the bank.
"For your queries related to Loans (other than home loans), please visit the nearest Retail Asset Branch. You can also write to us at www.apnaloanbazaar.com with the following verification details or contact your nearest PhoneBanking officer "
"Post Dated Cheques(PDCs)/Security Cheques submitted towards loan repayment that have not been encashed, will be defaced and retained by the Bank. In case, you wish to have your old Post Dated Cheques(PDCs)/ Security Cheques to be returned to you, kindly lodge a request at the Retail Loan Service Center or through PhoneBanking or write us an email at www.apnaloanbazaar.com within 45 days from the date of application of change in repayment instructions. In case, we do not hear from you within the stipulated period, the defaced cheques will be destroyed. "
In the event that you wish to change the mode of repayment/bank account for your loan repayment, you may visit the nearest the Retail Loan Service Center and submit your request with the revised account mandate/instructions.
"In order to change your address in our records, you may visit the nearest Retail Loan Service Centerand submit the following documents: • Request form for Address Change. • Self Attested copy of your revised address proof along with the original address proof for validation. • In case a bearer submits the request on your behalf, a bearer authorisation along with KYC documents(self attested copy and original for validation) of the bearer, i.e. Identity and Signature Proof like PAN Card, Aadhar Card, Driving License or Passport Copy will also need to be provided "
"You may obtain a Duplicate Repayment Schedule for your loan account, free of charge by registering for our NetBanking facility on www.hdfcbank.com and download the repayment schedule for your linked loan account. Alternatively, you may visit the nearest Retail Loan Service Center and submit the following documents • Request form for Duplicate Repayment Schedule. • Duplicate Repayment Schedule Charges of Rs.200/- favouring ""HDFC Bank Ltd Loan Account No. << >>"" • In case a bearer submits the request on your behalf, a bearer authorisation along with KYC documents(self attested copy and original for validation) of the bearer, i.e. Identity and Signature Proof like PAN Card, Aadhar Card, Driving License or Passport Copy will also need to be provided "
A service charge of Rs.500 is applicable for changes in loan repayment instructions issued from non-HDFC Bank Account (ECS or PDC facility). A cheque/payorder/demand draft for Rs. 500 favouring “HDFC Bank Ltd Loan Account No. << >>” will be required along with the revised set of repayment instructions.
The additional charges (if any) are applicable in case you default or in case of SWAP (i.e. change the repayment mode). The charges are updated and can be viewed in the Fees & Charges section in the Bank’s website of each loan product.
You can avail of loans ranging from Rs 1,00,000 to 30,00,000 depending on your eligibility, income and repayment capacity.
The loan can be repaid over a period of 12 to 60 months tenors are only available for select profile of customers.
A processing fee of a maximum of 3% of the loan amounts and requisite documentation charges is payable upfront. This fee will be deducted from the Loan amount at the time of disbursal.
Your loan will be disbursed within 4-7 working days post receipt of the required documents.
No security, collateral or guarantors are required for obtaining a personal loan.
EMI stands for Equated Monthly Installments. This installment comprises both principal and interest components. Please use the EMI Calculator to find out the EMI you need to repay.
You can repay the loan in Equated Monthly Installments (EMI's) using the ECS facility, or a direct account debit (only for Standard Chartered Bank Account holders).
You can pre-pay your loan with preclosure charges of 5% anytime after completion of 12 EMIs by giving the bank a 21 day notice.
Standard Chartered will encourage you to start a banking relationship with us so that Standard Chartered 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.
As a Standard Chartered Customer, you will be offered special interest rates, asked for minimal documentation and your application will be processed on priority.
Citibank Personal Loan is a quick and easy way for you to access extra cash when you need it. You can get the funds you require (and are eligible for) as an unsecured loan availed on fixed terms, with each repayment going towards repaying both the interest and the principal. Citibank Personal Loan features a simple pricing structure that supports our belief in 'easy to understand' banking.
A 'secured' loan is secured against an asset, usually property. An 'unsecured' loan is where there is no asset offered as security. The best examples of 'unsecured' loans are Personal Loans and Credit Cards.
"A fixed interest rate loan has an interest rate that stays the same for the full loan term. For example, your fixed interest rate Citibank Personal Loan repayments will not change due to interest rate changes throughout the life of the loan thereby giving you greater control over your monthly budget. With a fixed interest rate loan you cannot pay extra to get ahead in your repayments. The repayment amount specified in your Loan Agreement needs to be paid each month as per the arrangement until the loan is paid in full. "
"Credit rating is a method most lenders use to assess whether your request for loan can be accommodated. We'll rate the information you provide on the application form together with other factors such as your employment history and how you manage other accounts with us, if any. We also use other information from Credit Information Agencies such as CIBIL (Credit Information Bureau (India) Limited), who keep records on your borrowing and payment habits. This includes details on how much credit you have outstanding as well as information on how many missed or late payments you may have made. If you have a number of missed or late payments, we may not be able to accommodate your request for loan. If you are concerned about your credit score, you may visit CIBIL and purchase your Credit Information Report. "
The amount of money you can borrow depends on your income and other financial commitments. Citibank Personal Loan offers a minimum of Rs.1,00,000 and maximum of Rs.30,00,000.
You can use a Personal Loan for any purpose such as, home improvements, planning your dream wedding or tidy up your finances with a balance consolidation loan. However, as per RBI regulations, you are legally bound not to utilize the Loan for any antisocial, unlawful, or speculative purposes. Nor should you use the loan funds for purchase of gold in any form, including gold bullions, gold coins, gold jewelry, gold exchange traded funds, and gold mutual funds. This is applicable to all Personal Loans.
In most cases we offer decisions in matter of hours, although there may be occasions when we require further information before we can complete your application.
You get the money within 48 hours of loan approval and documentation completion. The amount will be electronically transferred to your bank account as per the details provided to us.
Interest is calculated on the unpaid daily balance of your loan and is charged to the loan on a monthly basis. The interest rate applied each day is equal to your annual interest rate at the time, divided by 365.
The first EMI would commence from the second succeeding month. For example, the EMIs for a loan booked in the month of January, would begin from 1st March. Interest due for the month of booking will be deducted at the time of disbursal. Since the interest is deducted upfront for the month of booking, a discount will be given on this interest which will be proportionate to the number of days remaining in the month.
A Top up Loan allows you to access additional funds after you have availed your first loan with Citibank.
If you are a Citibank Personal Loan Customer, getting a Top up Loan is easy. Please fill the form in the Click 4 Call tab and our representatives will be glad to help you, or just SMS PL to 52484. We'll get back to you without delay.
Outstanding balance is the total amount you have remaining on your Personal Loan at a specific given time, excluding accrued interest and fees.
Yes. Once your Personal Loan is approved, a Loan Booking Fee of up to 2.5% of the sanctioned loan amount can be charged.
The Loan Booking Fee will be deducted from the loan amount sanctioned at the time of disbursal. For example, aRs.1,00,000 loan with an assumed maximum of 2.5% Booking Fee will become an available loan amount of Rs.97,500.
Citibank Personal Loan is currently available for salaried individuals, self-employed professional and business owners. Existing Citibank customers with a Suvidha, Branch or a Mortgage relationship can avail of Citibank Personal Loan.
"You can repay your loan over a period of 12 to 60 months. The period of time you take the loan over will affect the size of your repayments, so if you want smaller repayments, you should repay your loan over a longer term. Just remember, the longer you take to repay your loan, the more interest you'll be charged overall. "
Yes. You can pre-pay your Personal Loan. You have two options to make a pre-payment - Full Pre-payment andPartial Pre-payment. You do a Full Pre-payment by settling the entire loan outstanding in one single payment. If you opt to make partial prepayment of your outstanding amount, it is a Partial Pre-payment.
For loans booked on or after October 1, 2015, you can close your loan account in full; you can do so any time after the first twelve months since your loan booking. For loans booked prior to October 1, 2015, you can close your loan account in full any time after the first six months of your loan booking.Partial pre-payments can be made post the first 12 months of your loan booking.
"You may prepay a part of the outstanding balance of the loan subject to the following conditions: • You have paid your loan EMIs for at least 12 consecutive months since your loan booking date. • Your prepayment amount is equivalent to a minimum of 2 EMIs and a maximum of 5 EMI'S Once you inform the Bank of your intention to prepay, the Bank will consider your request and confirm the final sum you are eligible to prepay. After making the pre-payment, you will have to continue repaying the subsequent EMIs as per the repayment schedule shared by the bank. The partial pre-payment facility is available once in 12 months. "
The due date for the repayment of EMIs shall be 7th of every month, following the month of Loan disbursement. Payment instructions shall be presented from 1st of every month. We however don’t charge any late payment charges in case the payment is delayed.
"If you're an existing Citibank Online Banking customer, you can view your current loan balance online, however please be aware that this may not be your final settlement figure. Alternatively, to find out the outstanding balance on your Personal Loan just call our 24x7 CitiPhone helpline. They'll be able to give you the most recent information on your loan. "
Statements are issued yearly on the 31st of March and mailed to your most recent address provided to us. If you'd like a statement issued any other time, simply contact us on our 24x7 CitiPhone helpline numbers provided here or use your Citibank Online IPIN (available on request) to access your Personal Loan Account and obtain your account balance.
If you are Citibank Customer, please use the 'online query' facility to write to us. If you are not a Citibank Customer, please call our 24x7 CitiPhone helpline numbers provided here.
Fullerton Personal Loan is available for salaried individuals as well as self-employed individuals.
You do not need to hypothecate any assets to avail a Personal Loan from Fullerton India.
You can avail up to ` 20 Lakhs if you are salaried and ` 30 Lakhs if you are a self- employed businessman. The actual loan amount eligibility will be calculated based on your income and other parameters that the Fullerton India Relationship Manager will explain.
You can repay your loan over a period of 12 months to 48 months.
At the time of booking of your loan, the EMI (Equated Monthly Installments) will be calculated based on the loan amount sanctioned, interest rate and the tenor.
EMI or 'Equated Monthly Installment' is the convenient monthly amount that you have to service to pay back the loan availed. The EMI consists of both the principal and interest components.
You can foreclose your loan after a minimum period of 6 Months.
Yes, if you are an existing customer of Fullerton India, you will get additional benefits on the processing time as well as the interest rate. What's more, you will be eligible for a pre-qualified Top Up on your existing Principal Outstanding.
Your credit card can be an option, but withdrawing cash using a credit card can turn out to be very costly if you do not repay it quickly. Interest rates on credit card cash withdrawals can go as high as 40 per cent on an annual basis depending on the type of card you use and you also do not get the interest free period to pay back. In short, interest is charged from the moment you withdraw the cash. There is also an additional transaction charge that is levied on the withdrawal at the ATM. In comparison, a Personal Loan is cheaper and the repayment can be spread over a long period.
You can avail of personal loans that are ranging from Rs.50,000 to 15,00,000 depending on your eligibility, income, nature of job and repayment capacity.
You can repay your loan over a period of 12 to 60 months
Your personal loan will be disbursed within 4-7 working days post receipt of the required documents. All loan approvals are at the sole discretion of the bank.
A processing fee up to 2.5% of the loan amount and requisite documentation charges is payable same will be deducted from the loan amount at the time of disbursal.
You pay the loan in equated monthly installments (EMIs). The loan will be paid through ECS. You can also pay through a standing instruction to debit your IndusInd Bank account with the EMI amount.
To obtain the loan, there is absolutely no need to provide any security or collateral.
You can prepay/foreclose the entire loan outstanding anytime after paying 12 installments for Salaried Clients and any time after 6 installments for Self Employed Clients. Prepayment charges as applicable would be levied on the outstanding loan amount.
Part prepayment is not allowed. The personal loan has to either be prepaid in full or serviced for the contracted tenure.
IndusInd Bank will encourage you to start a banking relationship with us so that IndusInd Bank will be able to offer a host of other value added services which are complimentary to the loan, however opening an account with us is not mandatory.
As an IndusInd Bank Customer, you will be offered special interest rates, asked for minimal documentation and your application will be processed on priority. Having an account with us enables us to assess your financial requirements better; and assists us in providing you with services and loan amount commensurate with your payment ability and requirement.
"Kotak Mahindra Bank do not allow prepayments for a period of 12 months from the date of your first EMI. 30 days foreclosure intimation period is mandatory. You need to inform us in writing or via email about your request for full prepayment. Once your intimation period is complete, the foreclosure statement of your loan will be issued to you from our end. You need to submit this full prepayment cheque at our branch at least 7 working days before your next EMI date. You can make the foreclosure payment either via DD/cheque/cash, cheque or DD in favor of ""Kotak Mahindra Bank "" after the intimation period is over. Once your foreclosure cheque is cleared your loan closure will happen in the banks records. Kotak Mahindra Bank will send the No Objection Certificate (NOC) and the balance Post Dated Cheque's (if any) to your correspondence address within 15 working days post termination of your loan account. After 12 months + 1 month intimation period the foreclosure charges applicable would be 5% + service tax on principal outstanding. "
Kotak Mahindra Bank do not offer a part prepayment facility on your personal loan account.
"Yes, it is possible to change the Installment date. The dates available are 5th and 10th .Changing of EMI date will attract rescheduling charges and PDC Swap charges* per instance plus applicable service tax. You would need to provide a written request mentioning the reason for the EMI date change and send the rescheduling charges to us 7 working days pre / 7 working days post the EMI date. "
PDC's need to be swapped at least 7 working days pre / 7 working days post the Installment date. Charges* applicable would be Rs.500/- per instance plus applicable service tax.
"You would need to sign an ECS Mandate form. ECS Form One security cheque to be drawn in favor of 'Kotak Mahindra Bank '.This cheque needs to be undated and blank, at the bottom it needs to mention 'Not more than the loan amount' Six security cheques to be drawn in favor of 'Kotak Mahindra Bank '.This cheque needs to be undated and blank at the bottom, it needs to mention 'Not more than three times the EMI amount' PDC swap charges* will be applicable Rs. 500/- per instance plus applicable service tax. "
You can download your statement of account for free
"You would need to send a written request letter to our customer care department informing the change in correspondence address. You would need to enclose the photocopy proof of your new address. For example: An electricity bill/passport copy/ration card etc. The new address will be updated in the bank's records within 2 working days, post submission of the above mentioned documents "
"You can download your Repayment Schedule for Free Click here to view and download. Should you need the bank to send you a copy, you can place a request via phone or an email or letter or walkin to our customer care branches. The Repayment Schedule will be sent to you within two working days at your correspondence address. "
Reschedulement or postponement of EMI is not possible on your personal loan account.
"In case if your Loan is matured, you need to send us a request for NOC via letter / email. NOC will be issued to you 15 working days post termination of the loan in our system (provided there is no penal outstanding). In case if your loan is foreclosed, NOC will be issued to you 15 working days post termination of the loan in our system (provided there is no penal outstanding). In case you have availed Top up loan, NOC on the old loan which is being foreclosed will be issued to you 15 working days post termination of the loan in our system (provided there is no penal outstanding). "
"You can place a request via phone, email, letter or walk-in at any of our branches. The loan interpretation will be couriered to you at your correspondence address within 4 working days. "
You can borrow loan amount from Rs. 1 Lakh to Rs.20 Lakhs depending on your eligibility basis the financial documents submitted, repayment capacity and loan amount limit in your respective location.
RBL Bank offer convenient repayment options from 12 to 60 months. Tenor offered will be at the sole discretion of RBL Bank.
RBL bank offer Personal Loan as a term loan which can be repaid in easy EMIs (Equated Monthly Installments). EMI can be paid through ECS facility, Standing Instruction to debit your RBL Bank account or though Post Dated Cheques with your EMIamount. EMI amount can be calculated using ‘EMI Calculator’.
Clubbing of income is allowed with salaried spouse. Income of your spouse needs to be regular in nature and should be documented. Spouse income will be considered for clubbing of income as per Policy.
The Bank would update you about the loan decision in approximately 10 working days from the date of receipt of the completed application form with all the required documents.
RBL Bank offers Personal loan as an unsecured loan and hence you do not need to provide for any Security or Collateral for availing a Personal Loan.
A processing fee of upto 2.5% of the loan amount (plus Service Tax at the prevailing rate) is required to be paid. This fee will be deducted from the Loan amount at the time of the disbursal of your loan.
No foreclosure is allowed before the loan has completed 6 months. However, you can prepay the Personal Loan after having paid 6 EMIs with applicable foreclosure charges. Foreclosure charges of 5% of the principal outstanding will be charged, if you foreclose the loan before 12 months. Foreclosure charges of 3% of the principal outstanding will be charged post completion of 12 months of the loan however Nil foreclosure charges are applicable if 12 EMIs paid without any bounce and foreclosure is done using Own funds. Loan can be foreclosed by paying the foreclosure amount througha Demand Draft / Cheque at any of the RBL Bank branch. Please refer to the schedule of charges for more details.
You get the benefit of easier documentation if you have a Current / Savings Account with RBL Bank. You can avail payingyour EMI through Standing Instructions to debit your RBL Bank Account for the loan. This will be taken into consideration at the time of disbursal of the loan.
A personal loan is an unsecured loan. This means you don't have to put up any collateral, as with a car loan or a home loan, where the underlying asset is mortgaged with the lender. You do not need a guarantor either. There are several other advantages as well, such as minimum documentation, fast processing etc. Furthermore, you can use this loan for any purpose you like.
You can avail of personal loans ranging from Rs.75,000 to Rs.15,00,000, depending on your eligibility, income and repayment capacity.
The loan can be repaid over a period of 12 to 60 months.
A processing fee is payable upfront. This fee will be deducted from the disbursal amount payable to you.
Loans are approved within 72 hours of submission of complete documentation.
A personal loan is an unsecured loan. This means you don't have to put up any collateral, as with a car loan or a home loan, where the underlying asset is mortgaged with the lender. You do not need a guarantor either. There are several other advantages as well, such as minimum documentation, fast processing. Furthermore, you can use this loan for any purpose you like.
You may repay through ECS (Electronic Clearance System) by instructing your banker to deduct the EMI (Equated Monthly Installment) from the nominated Bank Account, or you may also pay through post-dated cheques, favouring Tata Capital Financial Services Limited.
"Yes, you can prepay the entire outstanding loan amount any time after 180 days of availing the loan. Tata Capital also offer part pre-payment facility. • Part pre-payment is permissible, only after 6 months of the loan disbursed • Maximum of 25% part payment is permissible within an annual cycle and with a gap of more than 6 months between two part payments. "
Yes, you can avail personal financefor business purposes
Tata Capital offer top-up facility depending on the original loan tenure after the payment of 8-18 EMIs.
If you wish to procure the post-dated cheques or security post-dated cheques that remain un-banked at the end of the loan tenure or details regarding the same, you should raise a request within 30 days of closure of the loan or change the repayment mode. If this is not done, Tata Capital shall have the discretion to destroy the un-banked post-dated cheques including security post-dated cheques without any further notice and Tata Capital shall not have any obligation to return the same to you.
"For prepayment of your personal finance account, visit our branch or call us at 18002096060. We request you to carry the following documents while visiting the branch: • Statement stating the clearance of the last installment • Request letter signed by the loan applicant • Foreclosure statement • PAN card The payment can be made through cash, cheque or demand draft. "