Solution for all your personal needs no matter what it is, RBS bank has it covered for you. Repay monthly with EMI just on the basis of your salary. Special offers on interest rates are available to organizations with more than 100 employees and companies whose salary accounts are handled by RBS bank
Features
Rates & Charges
Repayment
Eligibility Criteria
Documents Required
Features
- Limited paperwork
- Quick approval and disbursement
- Minimal processing and little additional charges
- Flexible payment options, including the choice of auto-debit
Rates & Charges
- Margin: NIL
- Interest Rate:
1. Employees with a default guarantee of the employer – 12.00 %
2. Employees with No Default guarantee but against property mortgage & others
employee of other than above-mentioned products – 13.00 %
3. For Employees of Company/organization having more than 100 employees &
having salary account with our bank but office salary undertaking required for
same – 11.00% - Penal Interest: 2 % to be charged for the period of default in repayment Or Lack of
adherence to terms & condition. - Processing fee @ 0.30 % + GST on a one-time basis, on the total sanctioned
amount
Repayment
- For salaried Applicants, the mode of repayment will be through EMI.
- The repayment period will be a maximum of 5 years.
Eligibility Criteria
- Applicant\s should be of the age of 21+ years & loans should close before 1 month of retirement age.
- Applicant is eligible to get loan of 10 % amount of his gross salary Or Maximum five lakh.
Documents Required
- Proof of identity
- Proof of address
- Proof of income (Salary slips of the last 3 months)
- 5 PDC’s & Standing instructions of Saving/ Current Accounts / Ecs.
- Search report of property having clear & marketable title.
- Valuation report of valuer on our panel.
- KYC of Applicant & Guarantor(s)
NOTE:
( All other applicable rules & regulations in force should be fullfilled for eligibility.* )
