• Personal Use (Education, Medical, Travel, Asset Purchase, Debt consolidation etc)
  • Business Use (Working capital, Capex margin, quasi-capital, debt consolidation etc)
  • Salaried (Employees of Government, PSU, MNC, Listed companies and reputed
  • Public and Private limited companies only)
  • SENP (Self Employed Non-Professional) Manufacturers, Traders, Wholesalers, Retailers, Service Providers
  • SEP (Self Employed Professionals) Doctors, CA, CS, ICWA, Architects, Engineers.
21 Years
– 60 years or superannuation age (Salaried)
- 65 years (Self Employed)
Rs 1.00 lacs
- Rs. 10.00 Lakhs (Income Program)
- Rs. 7.50 Lakhs (Non Income Program)
12 months
Maximum 48 to 60 months (based on CIBIL score)
Interest rate
  • Eligibility- Minimum Bureau Score of 740 and -1 to 5 without credit history for applicant/Co-applicant Rs.25,000 pm Gross income (without clubbing of income of co-borrower/guarantor) supported by ITR/Form 16/16A/Banking
  • Minimum 2 years of total employment with minimum 1 year in current employment
  • Percentage of Net take home pay after considering all repayment obligations including proposed loan reduces with increase in monthly income.
  • For Monthly income above Rs.1 lac net take home pay required is just 30%.
  • Monthly average balance computed on specific dates for a year to be at least 1.25 times proposed EMI
  • For NRI’s- Based on average monthly remittance to own NRE account or to any resident account of spouse during last 12 month excluding bulk remittances
  • Minimum 3 years of business vintage
  • One year in current residence if rented
  • No stability requirement if own/parental house
  • For NRI’s, one local coapplicant required (Earning/Non earning)
  • No security ,no collateral
  • Option for co- applicant available
  • Maximum 3 unsecured loans running including the proposed one (loans with 6 months residual tenure may be excluded).
Processing fees
    2% of the loan amount.
Prepayment charges
    prepayment /part payment penalty of 4% within 1 year else after 1 year it is 2%.
Documents needed
professionals and Businessman
12 months bank statement showing salary credit/Bank statement from where loans are repaid
12 month SB a/c statement or current account
12 month NRE account or resident account of spouse showing inward remittances during last 12 month.
Passport size photo
Passport size photo
Passport size photo
Proof of identity like PAN etc
Proof of identity like PAN etc
Proof of identity like Passport etc
Address proof
Address proof.Other docs such as MOA,Partnership deed etc to be taken
Address proof
Income proof like ITr/Form 16 for last 2 years
ITR/AFS/ for last 2 year
Valid passport and visa compulsory
Salary slip/salary certificate
Salary slip/salary certificate and remittance details