Personal Loan

    
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DNS Bank - Personal Loan 

  • General Documents  required  by  both Salaried and Businessman 
  • Application form duly filled with three latest photos.
  • Proof of Identity e.g. PAN CARD/AADHAAR CARD/ELECTION CARD/PASSPORT/DRIVING LICENSE
  • Proof of residence e.g. Electricity bill/Telephone Bill / Ration Card/ Aadhaar Card / Passport with same residence address / Registered Leave and license agreement with one additional proof. 
  • Income Papers 

For  Salaried Person

For  Self-Employed/Businessman

 

Latest Three months’  salary slips of the applicant  or salary certificate of Three months.

Statement of account showing latest 1 year salary credits in the account.

Last two years form 16

Last two years  I.T. return (If any)

In case the service is not more than one year then salary slips of entire year/IT return (if any)

Service certificate from employer.

 

All documents to be self-attested & duly verified by branch official

 

Three years IT Return along with Balance sheet/P & L  /Computation of Income

Statement of Current accounts for 1 year

Updated   statement of all accounts maintained  at other banks except our Bank

Business Proof Eg. Business Registration certificate, GST/VAT/CST Certificate.

 

All documents to be self-attested & duly verified by branch official

 

Additional requirement 

  • Borrower to subscribe to linking shares @5% of loan amount.
  • Guarantor to become nominal members if already not regular members of our bank.
  • SB/CD accounts to be opened with our bank.
  • End use of the funds to be mentioned and verified.

  Interest Rate

Rate of Interest

Period

Maximum Amount

11.95% p.a.

84 months

5 lakhs

 

Guarantors 

  • Two guarantors acceptable to bank needed
  • Direct liability 100%- and Indirect liability of 25% will be taken into account for the purpose of

Assessment of repayment obligation of guarantors.

 Collateral 

  • Group insurance cover to be obtained equivalent to loan amount sanctioned

 Processing Charges 

  • 1% of Loan amount Minimum Rs.500/-

* T&C applicable APPLY Download PDF