Nainital Bank Personal Loan

Nainital Bank star star star star star 4.0 / 5.04 users

Established in 1922, Nainital Bank Limited was objected towards catering the banking needs of the people of Nainital. In 1973, RBI (Reserve Bank of India) gave directions to Bank of Baroda to manage Nainital Bank Limited. Naini Sahyog is the personal loan product of Nainital Bank Limited. Under this scheme the bank lends personal loan to pensioners and salaried employees of the government departments as well as other institutions. As soon as any application is received by the bank, CIBIL score is drawn by the bank in order to check the credit history and reliability of the individual.

  • Q What is the age limit for an individual to take personal loan from Nainital Bank Limited?
  • AAt the time of taking the loan the applicant needs to be at least 21 years of age but not more than 58 years.
  • Q Who is eligible to take a Naini Sahyog?
  • AApplicant needs to be a permanent employee of any government department, reputed institution or a company. Field Officer or Agents of insurance companies can also be considered if they are maintaining account with Nainital Bank LImited for a minimum of 6 months and commission proceeds are credited directly to their Nainital Bank accounts from their respected department. Professionals like CAs (Chartered Accountants), advocates and doctors can also apply for Naini Sahyog.
  • Q What is the loan amount offered for applicants falling under various categories under the Naini Sahyog offered by Nainital Bank Limited?
  • AFor salaried employees, loan equal to 15 times the net take home monthly salary subject to a maximum of Rs.3 lakh can be granted.

Professionals like doctors and Chartered Accountants are granted a loan equal to two times the average income of the last two years subject to a maximum of Rs.2 lakh.

For insurance agents loan amount equal to the average of commissions that they have received in the past two years can be granted subject to a maximum of Rs. 2 lakh.

For pensioners, personal loan to a maximum of 10 times the pension that is being credited can be granted, with an upper limit of Rs. 50,000.

For high income employees like Engineers, Doctors or Professors personal loan up to a maximum of Rs.5 lakh can be granted.

Nainital Bank Personal Loan


Personal Loan
star star star star star 15.0/5
I have a Personal Loan with Nainital Bank. The loan disbursement was on time and document procedure was quick. I would say it was a satisfactory experience.
Mumbai November 19, 2018
Personal Loan
star star star star star 14.0/5
As I was holding a savings account with Nainital bank they gave me personal loan for which the entire documentation process was very less. It was a quick disbursement procedure.
Mumbai November 18, 2018
Personal Loan
star star star star star 15.0/5
I had taken a personal loan in Delhi and thankfully the amount I required was completely approved and disbursed. Excellent work.
Mumbai November 17, 2018
Personal Loan
star star star star star 14.0/5
No compromises, best personal loan in Delhi service by Nainital bank.
Mumbai November 16, 2018

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