Personal Loan Frequently Asked Questions (FAQs)

Few hours for our digital loans for customers, and within a day for our employees.

Yes.

You can get your pre-approved personal loan from here for our mature customers. Our current customers can reach out to the nearest branch or click here

The loan amount will be based on the eligibility of the applicant.

36 months for our mature customers, and 18 months for the current customers.

The personal loan can be repaid by E-Nach mandate.

The amount shall be disbursed into the bank account where ECS is set up.

Yes, you can prepay your personal loan at a nominal pre-closure rate.

A personal loan offers a versatile solution for a wide range of expenses, from major purchases like appliances or home renovations to unexpected needs like medical bills or car repairs. It can even help you consolidate debt, invest in your business, or make a down payment on a new home.

While the maximum personal loan amount varies, lenders typically consider two key factors: your income and existing debts.

To ensure comfortable repayments, they often won’t approve loans where the monthly payment (EMI) exceeds 30% of your salary, especially for salaried employees. Additionally, they factor in your existing EMIs from other loans to assess your overall debt burden and ability to repay the new personal loan.

Ditch the long queues and paperwork! Applying for a personal loan online allows you to conveniently submit your application from the comfort of your own home, saving you valuable time and effort.