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declaration letter


Loan Faqs
Faq

Which documents have to be furnished to avail the loan? :

Declaration/Affidavit confirming that no loan has been availed from other Bank/Institution Completely filled Application Form with Photographs. Letter of admission from the Institute Letter from the Institute stating cost break up of the program (term-wise, year-wise) Marksheets from...
Faq

What happens to processing or administrative fees if I don't avail of the disbursement? :

Most private banks do not refund the fees that you pay to them if you cancel the loan after taking the offer letter from them. However, some Govt undertaking banks do refund the fee partially or fully.
Faq

How can the credit limit be increased? :

You can increase the credit limit by giving a request letter and fresh documents to support the enhanced amount facility. This is subject to the eligibility criteria at the time of the new application.
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Can the property be sold, even when the home loan is outstanding? :

Yes, the property can be sold after getting consent of the lending bank. This consent letter by the bank usually mentions the amount at which the home loan can be considered fully paid off. This amount is inclusive of prepayment charges as applicable and calculated at a future date to give you...
Faq

Is there any documentation required post the sanction of the loan ? :

Progress reports to be provided at the time of every disbursement. Progress report includes mark sheets or a letter from the Institute, in case the mark sheets are not available while processing the fresh disbursement. The following documents have to be submitted post the sanction of the loan...
Faq

What is a Personal loan? :

Whenever you have an urgent need of cash, personal loan is the best way to take care of your cash crunch at a reasonable rate of interest. You don\'t have to give any security or collateral to the bank. Normally, the bank does not ask for guarantors either. Once you submit your application form...
Faq

What all can I use a Personal Loan for? :

Personal Loans can be used for anything and everything. There are no restrictions on the end use. You could use the loan money to finance anything from daughter\'s marriage to a holiday abroad. The bank is not concerned with the end use of the loan, if you have furnished enough proof to show your...
Faq

How do I take a Personal Loan? :

You can take a loan from any bank you like but start by checking out the best interests rate that the different banks have to offer. You should also check with the bank you have your salary account in for special discounts to existing customers. You can negotiate the rate with your bank. Also...
Faq

How is my loan eligibility determined? :

Loan eligibility differs from bank to bank. The main factor the bank considers is your ability to repay the loan. Your profile in terms of residence and the place you work is also taken into consideration. Do make sure to check all such other eligibilities before applying.
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What is the maximum tenure of a personal loan? :

Personal loan is a short tenure loan. Most of the banks provide you loan for a minimum of one year to a maximum of five years.
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How much personal loan that I can take? :

The amount of loan that you can apply for ranges from Rs.50,000 to Rs.15,00,000 depending on your capacity to repay. It will also depend on the documents you furnish, place of work, residence, city you live in and the bank would like that the installments you pay should not exceed more than 30 to...


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