We RBS Bank want to support you in perusing your individual goals. Whether you need money for , unanticipated medical expenses, your dream vacation, or home renovations, RBS Bank can assist you in meeting all of these and other different financial needs with a personal loan.
Features
Rates & Charges
Repayment
Eligibility Criteria
Documents Required
Features
- Attractive interest rates with quicker processing.
- Get up to a maximum of 5.00 Lacs.
- Term Loan with a maximum of 60 months to repay by EMIs
Rates & Charges
- Margin: Nil
- Rate of Interest: 11.25% p.a.
- Pre-Payment Penalty:00% + GST
- Upfront Processing fee: @ 0.30% + GST on one-time basis, on total sanctioned
amount. - Penal interest: 2% to be charged for the period of default in repayment
Repayment
- The mode of repayment will be through
- The repayment period will be a maximum of 60 months.
Eligibility Criteria
- Applicant\s should be Qualified registered medical practitioner\s, Chartered Accountants, Company Secretory, Diploma & Graduates Engineers & Architects.
- PROOF OF ACTIVITY: The applicant\s must be in possession of registration / licenses, as applicable under local law e.g. Shop Establishment act, Sales tax Registration, IT returns, if any or any other relevant permission/ license from institute .
- The applicant\s should have minimum business practice of 2 years, duly supported by income tax returns.
- The proportionate amount so as to average monthly take-home income of last two years, including proposed loan installments should not be less than 1/3rd, as per income tax returns.
- Minimum one competent and acceptable guarantor required.
- The composite income of spouse from same profession can be taken into account.
- Applicant\s should be A Class Member of our bank.
Documents Required
- Proof of identity
- Proof of address
- Proof of income for the last 2 years
- Medical Registration Certificate
- Registration or license of the property.
- 5 PDC’s
- KYC of Applicant(s) & Guarantor(s)
