|Abhyudaya Bank Personal Loan Details Updated on|
|Loan Amount||Up to Rs. 5 lakh|
|Loan Tenure||Up to 84 months|
|Interest Rate||10.00% to 11.00%|
Abhyudaya Bank Personal Loan helps you purchase consumer durables, make repairs for house/apartment, buy computers/fixtures/furniture, fund marriage and ceremonies, and a lot more. People also use the credit to repay existing debt, arrange for foreign and domestic tours and travels. Also, the money is eligible to cover the medical expenses of self and family members. You can utilize the cash for lawful needs.
In this post, we will discuss Abhyudaya Bank Personal Loan features, eligibility, documents required, interest rates, and frequently asked questions..
Here are the features of the loan:
The eligibility norms for the loan are:
Abhyudaya Bank Personal Loan Interest Rate is between 10.00% and 11.00%. But the final rate of interest depends on the borrower’s profile, age, income, employment history, credit score, loan amount, tenure, and other factors.
Here are the documents you need for the loan processing:
Here are the FAQs about the loan:
There is no holiday period for the 84 EMIs repayment plan.
There is no processing fee applicable for a loan amount up to Rs. 10 lakhs.
The loan limit is up to Rs. 5 lakhs for house repair and renovation. Repayment involves 84 EMIs. No loan limit for repair and renovation of galas and shops. Repayment involves 120 EMIs.
The margin is 20-25% of the shop/house/gala’s market value at the time of the loan application.
No surety is required for a loan up to Rs. 10 lakhs. For a loan over this limit, you need one surety with a net income or salary of Rs. 30,000 and above every month.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Abhyudaya Bank.
No compromises, best personal loan in Delhi service by Abhyudaya bank.
Abhyudaya bank provided me an instant response in regards to my personal loan application. The processing charges were minimal. It is a trusted service from their team.
My experience with Abhyudaya bank for personal loan in Bangalore was a good one. My schedule was so hectic that I chose to apply online for the loan at loanbaba and was not disappointed by either of their service. Both loanbaba and Abhyudaya were professional in their service.
Personal loan by Abhyudaya bank was perfect, but the turnaround time is something they can work upon.
Ajeet G. Pathak