Nainital Bank Personal Loan Interest Rate

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Personal Details

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Nainital Bank Personal Loan Interest Rates (May 2020)

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.

Importance of maintaining good CIBIL score for availing attractive returns on personal loan:

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.

Nainital Bank Personal Loan Interest Rates key factors:

  • As per the repo rate set by the RBI, the interest rates on a personal loan will be charged.
  • Depending on your CIBIL score, the bank will charge interest, and it can be different for two borrowers having same tenure and loan amount.  

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