City Bank has brought an unmatched personal loan program which allows you to avail up to Rs. 25 lakhs* in just 48 hours^. The Personal Loan that is fast, easy & affordable. Limited period offer*. Pay in 24 EMIs at just 13% p.a. with no processing fee & pre-payment charges.
|Loan Amount||Up to 25 Lacs|
|Interest Rate||14.25% to 19% Booking fee is charged up to 2.5%|
|Tenure||12 to 60 Months|
|Pre Payment Charges||No pre-payment is allowed for six months post booking;Pre-closure charges are levied at the rate of 3% on total principal outstanding.|
Upto 2.5% of the loan amount sanctioned. The fee is deducted from the loan amount at the time of disbursal.
Eligibility Criteria : Personal Loan
|Age||21 - 60 Years ;Salaried Doctor: 23 - 60 Years||25-65 Years|
|Income||Minimum Annual Income: Rs.2,40,000/-||Self-Employed Doctors:Rs. 60,000p.a ;CA/ICWA :Rs. 85,000 p.a;Self-Employed Engineers: Rs. 1,56,000 p.a;Other Self Employed :Rs. 1,20,000p.a|
|Job Experience||Permanent / Confirmed employee||Self-Employed Doctors:IT Assessee for at least last two years;Self-employed CA/ICWA & Engineers: Minimum three years of self-employment|
|Residence Proof||Information Not Available||Information Not Available|
Docs Required : Personal Loan
|ID Proof||Passport Copy/ Voters ID card/ Driving Licence/PAN Card/Person of Indian Origin Card/Valid Identity card*/Overseas Citizen of India Card||Photograph is mandatory/Passport/Voters Card/Driving License/PAN Card/Person of Indian Origin Card/Valid Identity card*/Overseas Citizen of India Card/Trade Licence with Photograph/Professional License with photograph|
|Address Proof||Ration card/ Telephone or Electricity Bill/ Rental agreement / Passport copy/Lease Deed/Voter ID/Bank Statement/Driving License||Passport/ Electricity Bill/Landline Telephone Bill/ Voter Card/ Ration Card/ Lease Agreement/ Property Registration Agreement/ Letter from Company (this must be in original)/Latest IT Return Acknowledgement/Acknowledged Copy of Advance Tax/Income Tax Receipt/ Driving Licence/ Bank statement|
|DOB Proof||Birth Certificate or 10th Class Passing Certificate||Birth Certificate or 10th Class Passing Certificate|
Other Charges : Personal Loan
Statement copy: Rs. 500
Late Payment Charges: All EMIs will be presented on the 1st of every month. Any delay in the payment of an EMI shall entail an additional interest of 2% p.a. above the prevalent rate upon the outstanding Balance of the Loan.
Cheque/ECS Bounce Charges: Cheque/ ECS/ SI Bounces will be charged at the rate of Rs. 250