Particulars | Salaried | Self-employed |
---|---|---|
Rate of Interest | 13.60% yearly | 13.60% yearly |
Loan Amount | Maximum: Rs.3 lakhs | Maximum: Rs.5 lakhs |
Loan Tenure | Maximum: 60 months | Maximum: 60 months |
EMI (Lowest) | Rs.2306.14/- per Rs.1 lakh loan amount (applicable for the maximum tenure of lowest loan amount) | Rs.2306.14/- per Rs.1 lakh loan amount (applicable for the maximum tenure of lowest loan amount) |
Processing Fee | Depends on the bank | Depends on the bank |
Age |
Maximum: 60 years
Minimum: 21 years |
Maximum: 60 years
Minimum: 21 years |
Prepayment Charges | Minimum | Minimum |
Foreclosure Charges | None | None |
Nainital Bank offers the customers a hassle-free method to avail persona loan benefits. On the other hand, the interest rates charged on the personal loans are very competitive and requires minimum documentation. The personal loan offered by Nainital Bank is called Naini Sahyog Loan, and the rate of interest charged with it is 15% on a yearly basis. The salaried individuals and the individuals from the profession like CAs, Doctors, etc can avail the benefits of this personal loan scheme.
Your CIBIL score will depict your monthly income, your credit history, and your loan repayment capabilities. Nainital Bank will consider the mentioned factors before availing you the loan. If you possess a CIBIL score of 750, it is considered good, and you can easily avail the loan. Thus, you can maintain a good CIBIL score by paying all the remaining dues on time.