1. 100% Personal
No questions and inquiries are set with borrower for the end use of money.
2. No collateral or guarantor required
100% depend on loan applicant's credit worthiness determined from his credit profile. This saves a big hassle of arranging security or guarantor, avoiding great embarrassment too.
3. Total confidentiality
It will remain secret between you and the bank. Bank policies adheres enough confidentiality.
4. Easy repayment
They comes with prepayment clause and also has greater tenure available to repay the loan amount.
5. Simple documentation
Identity proof, residence proof and income proof are sufficient in most of the cases.
6. Big loan amounts
Depending on borrower's repayment capacity, personal loan amount ranges from Rs.25000/- to Rs.20,00,000/-
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