Personal Loans

A Personal loan has higher interest rates than secured loans like a home-equity loan, but you are not required to put up any collateral to ensure repayment. Personal Loan. A personal loan is an unsecured loan, meaning the borrower does not put up any collateral or security to guarantee the repayment of the loan



  • To meet the Personal Use like medical, vacation etc.
  • Educational expenses of family members including near relatives
  • To undertake repairs/renovation/extension to the residential/commercial property;
  • To purchase of Consumer durable product like air conditioner, computer, refrigerator, etc..
  • For Repayment of existing loans availed from other Banks / FI’s .

Eligible Customer

  • Individuals with high net worth, salaried people


  • Individuals in permanent service max. Maximum-7 years.
  • Salaried – Maximum -60 Years
    (Age limit is the maximum age at the end of the repayment Period); 
Type of Advance
  • Demand/Term Loan

Quantum of Advance

  • Bank offers personal loans ranging from Rs 1lakh to 30lakhs depending on your eligibility, income and repayment capacity.

Cost to the Customer

  • Processing fees: 1-2 %  of Loan Amount
  • Foreclosure Charges: 2-5 % of Loan Amount