PERSONAL LOAN @ 9.60%
A personal loan is offers by banks for salaried employees who is working in an organizations. The Personal loan is a Unsecured loans because of no need to provide property, gold, etc with pledge with Banks or Financial Institutions. A borrower can use the personal for Marriage, Medical, Property purchase, etc. The rate of interest of the Personal loan is applicable based on the salary drawn from the Company. Rate of interest is low when getting salary more, interest will be high in case of getting salary low. Many of the Banks will not offers Personal for employees working the Proprietors, Partnership Concern. The bank will consider the salary, Cibil Score for sanction the Personal loan. Any default in previous loan, cant be eligible to apply Personal loan. A borrower should repay the loan monthly upto the loan tenure completed. Non payment of Personal loan or late payment of loan, or payment with check bounce will make credit default that you cannot apply any loan in future.
HDFC bank is a leading Bank to provide Personal loan to salary employees in India. HDFC bank offers Personal loan @ 11.50%* per annum.
If you have any concerns please read this collection of frequently asked questions before contacting us. If
you are still unclear about something feel free to contact.
The following people are eligible to apply for a Personal Loan:
|Fee||Amount to be Paid|
|Rate of Interest||11.50% onwards|
|Loan Processing Fee||2% of loan amt|
|Maximum Tenure||Upto 5 years|
|Loan Amount||Max. amount depends on applicant profile and other factors|
|Cheque Bounce Charges||Rs.200 per instance|
|Cheque / Instrument Swap Charges||Rs.200 per instance|
|Prepayment or Foreclosure Charges||Nil if floating, up to 2% for fixed rate.|