Personal Loan Special


If you are lacking a small amount of money & don’t have time to hustle for a housing loan, we offer you special personal loan designed only to let you save your time and efforts. Enjoy this facility with minimum document requirement as compare to housing loan.

Purpose & Eligibility

  • Purpose:
    • Construction of house
    • Purchase of house
    • Residential flat in grampachayat area (where N.A. permission, plan approval by ADTP & title report from panel advocate is not available) [No benefit for Income Tax under Sec. 80C or 24(b)]
  • Eligibility :

      Salaried Individuals :

    • Total deductions, including the repayment of proposed loan, should not exceed 65% of gross income of Borrower.

      Non Salaried Individuals :

    • Borrower’s Average 3 years gross income to be considered.
    • Total deduction including the present & proposed loan repayment obligations should not exceed 65% of average gross income of Borrower.
    • If income is in decreasing trend, last year’s income to be considered.

Quantum & Tenure

  • Quantum :
    • Minimum : ₹ 2 lakhs
    • Maximum : ₹ 5 lakhs
  • Tenure :
    • Maximum up to 9 Years


  • Basic Documents :
    • In case of new customer, applicant & guarantors need to open savings / current account
    • Duly signed loan agreement
    • Details of existing on-going loan availed from banks / financial institution
    • Copy of Bank deposits / Life Insurance Policies / Other Investments (if any)
  • KYC documentation
    • Proof of identity
    • Address proof of applicant
    • 3 Passport sized photographs
  • Application Form
    • Duly filled & signed loan application form
  • Bank Statement
    • Bank statement for last one year
  • For Salaried individuals :
    • Last 3 months’ – salary slips
    • Form 16 or Income Tax Return
  • If an applicant Is a self-employed individuals :
    • Income tax returns of last 3 years, 26 AS from traces
    • Financial statements including balance sheet, profit & loss account and computation of income for last 3 years

    • Simple deposit of original title deeds in bank’s custody with composite document of negative lien, power of attorney & agreement to create mortgage thereon (equitable / registered mortgage not required)
    • Chain of all previous title documents (agreements of sale and registration receipts)
    • Share certificate in case of Co-op. Hsg. Society
    • Latest receipt for maintenance charges and property tax payment
    • No dues / NOC from Co-op. Hsg. Society / builder

ROI & Other Conditions :

  • ROI :
    • Please click here to know about latest ROI & Service Charges.

    • Applicant has to be a regular shareholder of the bank. The guarantors have to be either a regular member (shareholder) or a nominal member (in case of loan amount up to ₹ one lakh) of bank.
    • Standing Instruction (SI) Request / ECS or NACH instructions / Post Dated Cheques (PDC) to be submitted to the bank as per requirement.
    • If property is registered in the joint names, all the joint owners should join as co-borrowers.
    • If income of the applicant alone is not sufficient, other earning family members (spouse / father / mother / son / daughter) can join as co-borrower.
    • If the applicant’s age is over 50 years in case of salaried employee, and 60 years in case of businessman, his / her earning son / daughter should join as co-borrower.
    • Collateral Securities, if stipulated, to be submitted before disbursement. In case of assignment of LIC policies, original policies to be deposited and assignment formalities to be completed before disbursement.
    • Before disbursement, applicant has to provide margin money and necessary amount to meet all the expenses (as mentioned above & as per service charges). Adequate amount for the purpose is to be deposited in the bank account in advance.