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PERSONAL LOAN |
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| Personal loan summary |
This is a installment loan facility of 12-84 months. For amount ranging from 25,000 to 15,00,000( fifteen lakh ) to financially sound MNC/PUBLIC LIMITED companies/PRIVATE LIMITED/PSUs and to self employed professional/businessmen.
Normally there is no end use monitoring. Personal loans are generally taken for buying consumer durable, computers, furniture, or to retire high cost loan or for financing children’s education. A wedding in the family or even for financing a holiday in another words use it as u like!!! |
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| Personal Loan Schemes |
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Normal loans ( janta loans) for self employed individuals where income equal to 60,000-1,00,000 (one lac)
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Normal loan (higher income) for self employed individuals where income is more than one lac { Note: where income is more than one lac and sale is less than twenty lac ( check in profit & loss account )
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Salaried listed companies.
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Salaried non listed companies.
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BTTP (Balance Transfer top up) of loans from another financial institute
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Credit card surrogate
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Life Insurance Premium surrogate
- Personal loan track record surrogate
- Home loan track record surrogate
- Business loan track record surrogate
- Auto loan track record surrogate
- Loan against property track record surrogate
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| Personal loan product features & eligibility criteria |
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- Personal loan for Salaried
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- Personal loan for Self employed
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- Personal loan for Self employed proffessional (doctors, engineers, CA, Architects etc.
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- Surrogate to personal loan(PL). Auto Loan(PL). Housing Loan (HL). Credit card holders.
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- Personal Loan take over program (Balance transfer ).
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- Life insurance policy premium surrogate
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PRODUCT FEATURES & ELIGBILITY CRITERIA |
| A. SALARIED |
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 Apply Loan Now |
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PARAMETER |
ABN AMRO |
HDFC BANK |
ICICI BANK |
UTI BANK |
HSBC |
RATE OF INTEREST |
LISTED CO( 15-18%) NON-LISTED – not done |
LISTED CO( 11-18%) NON-LISTED 18% -36% |
LISTED CO (15-18%) NON-LISTED – 24 ( 17 % FOR SALARY ACCOUNT HOLDERS) |
15-22% |
18-21%
Listed –co 18-12%
Non listed
22-26% |
YRS AT CURRENT JOB |
2
5 YEARS JOD STABILITY PROOF REQUIRD FOR NON LISTED CO. |
1 |
1 |
3 |
1 |
MINIMUM AGE |
25 |
21 |
25 |
23 |
23 |
MAXIMUM AGE |
60 |
58 |
58 |
58 |
60 |
MIN LOAN AMOUNT |
50000 |
75000 |
50000 |
50000 |
75000 |
MAX LOAN AMOUNT |
15lac |
15lac |
15lac |
15lac
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7lac |
REPAYMENT TYPES |
- |
- |
- |
- |
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PROCESSING FEES |
2% |
2% |
2% |
2% |
2% |
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INCOME ELIGBILTY |
10000( ONLY MANAGEMENT LEVEL) |
10000 |
10000 |
10000 |
10000 |
TENURE |
12,24,36,48 |
12,18,24,36 |
12,18,24,30,36,48 |
12,18,24,36,48,60 |
12-60m |
NON LISTED CO |
NOT DONE |
MAX LOAN 75000 |
MAX LOAN 1 LAC |
MAX LOAN |
1lac |
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| SELF EMPLOYED (JANTA LOAN) |
PARAMETER |
ABN AMRO |
HDFC BANK |
ICICI BANK |
UTI BANK |
HSBC |
RATE OF INTEREST |
NOT DONE |
36% |
40% |
NOT DONE |
Not done |
YRS AT CURRENT PROFFESION |
. |
LAST TWO YEARS INCOME TAX WITH COPLETE FINANCIAL |
LAST TWO YEARS INCOME TAX WITH COPLETE FINANCIAL |
LAST TWO YEARS INCOME TAX WITH COPLETE FINANCIAL |
NOT DONE |
MINIMUM AGE |
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21 |
25 |
23 |
2 |
MAXIMUM AGE |
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58 |
58 |
58 |
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MIN LAON |
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25000 |
25000 |
25000 |
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MAX LOAN AMOUNT |
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100000 |
100000 |
100000 |
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INCOME ELIGBILTY |
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60000 |
60000 |
60000 |
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TENURE |
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MAX 36 MONTHS |
MAX 36 MONTHS |
MAX 36 MONTHS |
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| SELF EMPLOYED NORMAL WHERE ITR IS MORE THAN 1 LAC (sale more than 10 lac req). |
PARAMETER |
ABN AMRO |
HDFC BANK |
ICICI BANK |
UTI BANK |
HSBC |
RATE OF INTEREST |
NOT DONE |
21-36% |
21%-36 |
19% |
Not done |
YRS AT CURRENT JOB |
Last three year
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LAST TWO YEARS INCOME TAX WITH COMPLETE FINANCIAL |
LAST TWO YEARS INCOME TAX WITH COMPLETE FINANCIAL |
LAST TWO YEARS INCOME TAX WITH COMPLETE FINANCIAL |
1 |
MINIMUM AGE |
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21 |
25 |
23 |
- |
MAXIMUM AGE |
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58 |
58 |
58 |
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MIN LOAN AMOUNT |
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25000 |
25000 |
25000 |
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MAX LOAN AMOUNT |
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700000 |
700000 |
500000 |
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REPAYMENT TYPES |
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ARREARS |
ARREARS |
ADVANCE |
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PROCESSING FEES |
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2% |
2% |
2% |
2% |
PREPAY CHARGES |
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NA |
NA |
NA |
NA |
INCOME ELIGBILTY |
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1 LAC PLUS ITR |
1 LAC PLUS ITR |
1 LAC PLUS ITR |
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TENURE(month) |
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12,18,24,36 |
12,18,24,30,36,48 |
12,18,24,36 |
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TRACK RECORD SURROGATE (NO INCOME PROOF REQUIRED) |
PARAMETER |
ABN AMRO |
HDFC BANK |
ICICI BANK |
UTI BANK |
HSBC |
RATE OF INTEREST |
18 % EXSISTING
-18% NORMAL |
18% |
AUTO LOAN = 15%
HOME LOAN =13%
PERSONAL= SAME RATE |
19% AND ABOVE |
As per case
18-21% |
YRS AT CURRENT PROFFESION |
ITR REQUIRED OF 2003 ONLY SARAL |
2
INCOME PROOF |
2
INCOME PROOF |
2
INCOME PROOF |
2 |
MINIMUM AGE |
25 |
21 |
25 |
23 |
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MAXIMUM AGE |
60 |
58 |
58 |
58 |
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MIN LOAN AMOUNT |
25000 |
25000 |
25000 |
25000 |
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MAX LOAN AMOUNT |
15 LAC |
15 LAC |
10 LAC |
15 LAC |
10lac |
REPAYMENT TYPES |
ARREARS |
ARREARS |
ARREARS |
ARREAR |
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PROCESSING FEES |
2% |
2% |
2% |
2% |
2% |
Hl,pl,al |
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INCOME ELIGBILTY |
MIN 8 MONTH TRACK OF ANY HL,AL,PL |
MIN 9MONTH TRACK OF ANY HL,AL,PL |
MIN 09 MONTH TRACK OF ANY HL,AL,PL |
MIN 12 MONTH TRACK OF ANY HL,AL,PL |
9month min. hl,al,pl |
TENURE |
12,24,36,48 |
12,18,24,36 |
12,18,24,30,36,48 |
12,18,24,36,48 |
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LIC POLICY SURROGATE |
PARAMETER |
ABN AMRO |
HDFC BANK |
ICICI BANK |
UTI BANK |
HSBC |
RATE OF INTEREST |
19.5 –21 % |
19.5 –21 % |
19.5 –21 % |
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YRS AT CURRENT JOB |
BUSINESS STABILITY MUST FOR LAST THREE YEARS. |
BUSINESS STABILITY MUST FOR LAST THREE YEARS. |
BUSINESS STABILITY MUST FOR LAST THREE YEARS. |
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1 |
MINIMUM AGE |
25 |
21 |
25 |
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MAXIMUM AGE |
60 |
58 |
58 |
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MIN LOAN AMOUNT |
25000 |
25000 |
25000 |
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MAX LOAN AMOUNT |
1.5 |
1.5 |
1.5 |
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REPAYMENT TYPES |
ARREARS |
ARREARS |
ARREARS |
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PROCESSING FEES |
2% |
2% |
2% |
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PREPAY CHARGES |
NA |
NA |
NA |
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INCOME ELIGBILTY |
PRIMIUM OF MORE THAN 15000 PER ANNUM, POLICY MUST BE TWO YEARS OLD |
PRIMIUM OF MORE THAN 15000 PER ANNUM, POLICY MUST BE TWO YEARS OLD |
PRIMIUM OF MORE THAN 15000 PER ANNUM, POLICY MUST BE TWO YEARS OLD |
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TENURE |
12,24,36, |
12,18,24,36 |
12,18,24,30,36, |
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CREDIT CARD SURROGATE |
PARAMETER |
ABN AMRO |
HDFC BANK |
ICICI BANK |
UTI BANK |
HSBC |
RATE OF INTEREST |
18%-19 |
18%-20 |
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18-23 |
YRS AT CURRENT JOB |
BUSINESS STABILITY MUST FOR LAST THREE YEARS. |
BUSINESS STABILITY MUST FOR LAST THREE YEARS. |
BUSINESS STABILITY MUST FOR LAST THREE YEARS. |
BUSINESS STABILITY MUST FOR LAST THREE YEARS |
3 years |
MINIMUM AGE |
25 |
21 |
25 |
25 |
2 |
MAXIMUM AGE |
60 |
58 |
58 |
58 |
60 |
MIN LOAN AMOUNT |
750000 |
50000 |
50000 |
75000 |
75000 |
MAX LOAN AMOUNT |
THRICE OF CREDIT LIMIT(12 MONTH OLD NAGAR) |
DOUBLE OF CREDIT LIMIT |
DOUBLE OF CREDIT LIMIT |
50 % OF CREDIT LIMIT ( MIN LOAN 50000) |
FOUR TIMES OF LIMIT |
REPAYMENT TYPES |
ARREARS |
ARREARS |
ARREARS |
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PROCESSING FEES |
2% |
2% |
2% |
2% |
2% |
PREPAY CHARGES |
2% |
2% |
2% |
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INCOME ELIGBILTY |
LIMIT OF MORE THAN 40,000 PLUS
CARD – 8 MONTHS OLD |
LIMIT OF MORE THAN 40,000 PLUS
CARD – 12 MONTHS OLD |
LIMIT OF MORE THAN 40,000 PLUS
CARD – 12 MONTHS OLD |
LIMIT OF MORE THAN 40,000 PLUS
CARD –12 MONTHS OLD |
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TENURE |
12,24,36, |
12,18,24,36 |
12,18,24,30,36, |
36 MONTHS |
60 m |
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| TOP UP & BALANCE TRANFER |
PARAMETER |
ABN AMRO |
HDFC BANK |
ICICI BANK |
UTI BANK |
HSBC |
RATE OF INTEREST |
1 –2 % LOWER THAN PREVIOUS RATE OF INTEREST17% |
1 –2 % LOWER THAN PREVIOUS RATE OF INTEREST17% |
1 –2 % LOWER THAN PREVIOUS RATE OF INTEREST17% |
1 – LOWER THAN PREVIOUS RATE OF INTEREST ( MIN 17 % ) |
1 –2 % LOWER THAN PREVIOUS RATE OF INTEREST
Min-17% |
YRS AT CURRENT JOB |
- |
- |
- |
- |
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MINIMUM AGE |
25 |
21 |
25 |
25 |
25 |
MAXIMUM AGE |
60 |
58 |
58 |
58 |
58 |
MIN LOAN AMOUNT |
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MAX LOAN AMOUNT |
PREVIOUS LOAN AMOUNT X 1.1 |
PREVIOUS LOAN AMOUNT X 1.1 |
PREVIOUS LOAN AMOUNT X 1.1 |
PREVIOUS LOAN AMOUNT X 1.1 |
PREVIOUS LOAN AMOUNT X 1.1 |
REPAYMENT TYPES |
ARREARS |
ARREARS |
ARREARS |
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PROCESSING FEES |
2% |
2% |
2% |
2 % |
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ELIGBILTY |
MIN 9 PAID EMI FOR TOP UP AND 12 PAID EMI OR BALANCE TRANSFER |
MIN 9 PAID EMI FOR TOP UP AND 12 PAID EMI OR BALANCE TRANSFER |
MIN 9 PAID EMI FOR TOP UP AND 12 PAID EMI OR BALANCE TRANSFER |
MIN 6 PAID EMI FOR TOP UP AND 6 PAID EMI OR BALANCE TRANSFER |
MIN 9 PAID EMI FOR TOP UP AND 12 PAID EMI OR BALANCE TRANSFER |
TENURE |
12,24,36,48,60 |
12,18,24,36 |
12,18,24,30,36, |
60 MONTHS |
12- 60 MONTHS |
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| Document check list |
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