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A loan is a financial product where you receive a certain amount from a bank or financial institution, which you are required to repay with interest over an agreed period.
Anyone above the age of 18, with a steady source of income, and who meets the bank’s terms and conditions can apply for a loan.
The loan amount depends on your income, credit score, and repayment capacity. It can vary for each applicant.
You can apply for a loan by filling out the online application form on our website or by visiting our nearest branch.
Generally, the loan approval process takes 2-5 working days, but it may depend on documentation and profile verification.
The interest rate depends on the applicant's profile, loan amount, tenure, and market conditions. You can check the current interest rates on our website or at the branch.
EMI (Equated Monthly Installment) is the fixed amount you pay monthly to repay the loan. It is calculated based on the principal loan amount and the interest rate.
To apply for a loan, you will need identity proof (Aadhaar, PAN), address proof, income proof (salary slips, bank statements), and photographs.
Not all loans require a guarantor. However, for larger loan amounts or in special cases, the bank may require one.