Personal Loan

Salary Deduction

Eligibility
1. For salaried persons :
● Employees of reputed and financially sound organisation.
● Minimum take home salary of INR. 15000/- pm and confirmed service for atleast one year.

Documents
Duly filled form with
● Income proof of applicant(s) & guarantor(s)
● Residential proof of applicant(s) & guarantor(s)
● Pan card of the applicant(s) & guarantor(s)
● KYC of applicant(s) & guarantor(s)

Income Proof :
For salaried
Salary slips of past 3 months, form 16, 26 as and income tax returns of past 3 years.
salary deduction letter from employer of reputed company.

For businessmen
Income tax returns, profit and loss account and balance sheet of past 3 years.

Repayment
Repayment- 40 to 60 months subject to confirmed salary deduction (Government/Limited company)

No prime security.
Two acceptable guarantors having sufficient net worth/ reasonable monthly income to be also taken as guarantors.
For housing repairs, renovations, medical expenses, marriage, ceremonial expenses, repayment of debts, other reasons/ purposes acceptable to bank etc