1. Photo ID and age proof
2. Signed application form with photograph
3. Residence proof
4. Last 6 months bank statement
5. Documentation for salaried applicants:
• Last 3 months salary – slips
• Form 16 or Income Tax Returns
6. Documentation for self-employed applicants:
• Last 3 years Income Tax Returns with computation of Income
• Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
| Interest Rate (Monthly reducing balance) | 13.49% – 34% |
| Processing Fees | 0.5-2.5% |
| Loan Tenure | 1 year to 5 years |
| Pre-closure Charges | 2% – 5% |
| Guarantor Requirement | No guarantor required |
| Bank | Interest Rate |
|---|---|
| Citibank | 9.99% to 14.99% (Fixed) |
| Standard Chartered | 11.49% onwards (Fixed) |
| Capital First | 10.49% onwards (Fixed) |
| Tata Capital | 10.99% onwards (Fixed) |
| HDFC Bank | 10.25% onwards (Fixed) |
| IndusInd Bank | 10.49% to 31.50% (Fixed) |
| Fullerton | 17.25% to 37% 11.99% onwards (Fixed) |
| Kotak Mahindra | 10.25% onwards (Fixed) |
| Aditya Birla | 11.5% to 13.25% (Fixed) |
| Bank of Baroda | 10.50% to 12.50% (Fixed) |
| Bank of Maharashtra | 9.45% to 11.80% (Fixed) |
| Bank of India | 10.35% to 12.35% (Fixed) |
| Canara Bank | 12.40% to 13.90% (Floating) |
| Central Bank | 9.85% to 10.05% (Floating) |
| IDBI Bank | 9.50% to 14.00% (Fixed) ) |
| Indian Bank | 6.50% onwards (Floating) |
| Indian Overseas Bank | 10.80% (Fixed) |
| Karur Vysya | 9.40% to 19.00% (Floating) |
| South Indian Bank | 10.55% to 18.05% (Fixed) |
| State Bank of India | 1 9.60% onwards (Fixed) |
| Tamilnad Mercantile Bank | 14.30% to 16.30% 14.05% (Floating) |
| UCO Bank | 8.45% onwards (Fixed) |
| Union Bank | 8.90% to 13.00% (Floating) |
| Yes Bank | 10.99% onwards (Fixed) |
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