Empower your dreams with APCOB Bank’s Personal Loans. The Bank finances loan for various purposes viz., domestic / education / health expenses, to repay the existing debts, to purchase consumer durable items, etc., our hassle-free loan options and competitive interest rates are designed to make your aspirations a reality. Take the first step towards your dreams – inquire about our Personal Loans today.
The Applicant/s should be a customer of the branch/bank.
Salaried/Self-employed/Pensioners can avail loan.
Sufficient source of income with reasonable documentary evidence to meet EMI for the loan availed.
The prospective Borrower’s & surety CIBIL score should be minimum 650.
Government Surety is required.
| Interst Rates % | |||
|---|---|---|---|
|
S. No |
Cibil Score |
Rate of Interest |
|
|
i. |
650 to 700 |
12.00 |
|
|
ii. |
701 to 750 |
11.50 |
|
|
iii. |
751 & above |
11.00 |
|
Up to Rs.5.00 Lakh – One Surety and
Above Rs.5.00 lakh – Two sureties.
The surety should also meet the requirement of 1/3rd net take home salary after meeting the entire existing and proposed monthly instalment.
It is preferable to have a salaried person either as borrower or as guarantor. In other words, if the borrower happens to be other than salaried person the guarantor / surety shall be a salaried person.
Collateral Security can also be accepted in the form of our own bank Term
Deposits, NSCs etc., and in combination with immovable property in lieu of personal guarantors.
