Knowing your personal loan eligibility is essential to apply for a personal loan which can quicken the process of availing funds during times of financial shortage. If you do not have enough savings in your account or you are running short of cash to fulfill your personal requirements, then the best option will be to apply for a personal loan. Personal loans enable you to accomplish many tasks in life.
Both salaried professionals and self-employed individuals can apply for a personal loan. If you are a salaried employee, depending on your age, monthly take-home income and proper documentation, you may meet personal loan eligibility criteria as set by SANMATI BANK. For a self-employed individual, personal loan eligibility is decided based on age, business stability and supporting documents.
Duly filled in Account Opening Form with valid residential proof, PAN Number, 1 photograph and introduction by existing account holder of the Bank.
|TYPE OF LOAN||RATE OF INTEREST(%)||PERIOD (YEARS)|
|Loan Against Salary||14||3 to 5|
|Clean Loan||16||1 to 3|