Pave your way to financial freedom

Easy and flexible loan repayment options

  • Benefits
  • Eligibility
  • Features
  • Interest Rates & Charges
  • Terms & Conditions
  • Services
  • Personal loans are an ideal choice for those who need funds urgently.
  • You can repay a personal loan over a period of time with pre-determined EMIs.
  • Personal loan benefits include the flexibility it offers regarding the use. You can use funds from a personal loan for several purposes. Thus, you can pay for your home renovation, higher education, travel, wedding and medical expenses with a personal loan.
  • Among other personal loan benefits is the loan amount you can borrow. Maximum Loan available is SCR 200000.
Eligible Borrowers
  • Employees of Govt. / Autonomous Bodies/ Public / Private Limited Co. / MNCs & Educational Institutions – with minimum continuous service for 1 year
  • Employees of Proprietorship, Partnership firms, Private Limited companies, Trust – with minimum continuous service for 1 year
  • Insurance Agents- doing business for minimum last -2- years
  • Self Employed Professionals (Doctor, Engineer, Architect, Interior Designers, Tech. and Management Consultants, Practicing Company secretaries etc) — with minimum 1 year stable business.
  • Self Employed Business persons – with minimum 1 year stable business.
  • To apply for a personal loan, applicants can be employees of government bodies or private companies with minimum continuous service of one year. Similarly, self-employed professionals or business persons who want to apply for personal loans need to have their business or practice for at least one year.
  • Applicants need to be at least 18 years of age to be eligible for a personal loan, while co-applicants are not allowed. The maximum age to apply for personal loans is 63 years for salaried and 63 for non-salaried persons at the end of the repayment period.
  • The processing charges for personal loans is calculated as 2% of the loan amount.
  • Current Interest Rates
  • Fees & Charges
Purpose

For any purpose other than speculation.

Eligibility Borrowers
  • Employees of Govt. / Autonomous Bodies/ Public / Private Limited Co. / MNCs & Educational Institutions – with minimum continuous service for 1 year
  • Employees of Proprietorship, Partnership firms, Private Limited companies, Trust – with minimum continuous service for 1 year
  • Insurance Agents- doing business for minimum last 2 years
  • Self Employed Professionals (Doctor, Engineer, Architect, Interior Designers, Tech. and Management Consultants, Practicing Company secretaries etc.) – with minimum 1 year stable business.
  • Self Employed Business persons – with minimum 1 year stable business.
  • Staff members are not eligible
Co-Applicant

Applications to be considered on individual basis only. Co applicants not to be allowed.

Age
Minimum

18 Years

Maximum
  • For Salaried Persons: Age of Borrower plus repayment period should not exceed retirement age or 63 years whichever is lower.
  • For non-salaried Persons: Age of Borrower plus repayment period should not exceed 63 years.

Quantum of Finance

Maximum : SCR 2,00,000

Minimum : SCR 5000/-

Penal interest

Penal interest @2% shall be levied on overdue amount

Processing Charges

Fees & Charges

  • Remittance Facility
  • Foreign Exchange
  • Locker Facility
  • Debit card
  • Baroda Mpassbook
  • Internet Banking
  • Standing Instructions facility
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