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Purpose
Medical Expenses for
self or close
relatives
Purchase of consumer
durables ( T.V.,
Fridge, Washing
Machine etc.)
Purchase of
Computers, Laptops
and electronics
equipments etc.
Travel in India or
abroad by self/with
family
Purchase of
Gold/Ornaments
Purchase of
Furniture & Fixtures
Marriage
Any other purpose
acceptable to the
Bank.
Loans up to
Rs.50,000/- can be
disbursed merely
upon an undertaking
from the
borrower about its end use.
Educational
Expenses
Eligibility
Salaried person:
•
Persons having
permanent/confirmed
service.
•
Salary Certificate
and Salary slips of
last 3 months, Form
No.16 for last 2/3
years, copies of
Income Tax Returns for last two years
with its enclosures
(if applicable),
Last one year’s
Bank Statement of all accounts with
other Banks.
Other than salaried
Income Tax Returns
filed in every year
and not in bunch for
last two/three
years.
Last one year’s Bank Statement of all accounts
with other Banks.
Quantum of Finance
The monthly net
salary after
deduction of
proposed loan
installment should
not be less
than 25% of gross salary.
Rs.2,00,000/-
(Secured)
Upto Rs.50,000/-
(clean)
Maximum Limit: 10
times of Net Pay.
Security
FDR/NSCs/LIC/Govt.
Bonds (in case loan
amount exceeds
Rs.50000/-)
Repayment
Maximum 48 Months. (PDCs
or salary deduction)
Return of PDC will
attract penalty of
Rs.250/- per
instrument per
incident
Guarantors
One
Common Documents
Attested photocopy
of PAN card /
Passport / Driving
License.
Attested photocopy
of Ration Card
/Electricity bill /
Telephone bill
Latest Salary Slip
and Form No. 16 in
case of salaried
persons
Audited Balance
sheet / Profit &
Loss statement for
last 3 years in
respect of
firm/company
Income Tax returns,
with computation of
total income for
last 3 years in case
of
professionals and self-employed persons
Net Worth Form of
borrower and
guarantors
Copy of Bank
statement (at least
six months)
Latest passport size
photographs
Documents
Verification Report
of the borrower’s
residence and
Verification Report
of visit to
guarantor
residence giving observations about the household
articles which
purchased out of the
loan
proceeds carried out by Branch Officials /
Authorized
Verification Agency
Verification Report
of the employment
details of the
borrower and
guarantors
by Authorized Verification Agency.
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Jan – Adhar Personal
Loans
