Be it a medical emergency, vacation, purchase of consumer durable, higher education, wedding, home renovation, etc., Nainital Bank Personal Loan can be availed to deal with all such situations and more. You can apply for Nainital Bank Personal Loan upto Rs. 5 lakh and can repay the loan as per your convenience. The loan is easy to apply and involves submission of minimum documents and less formalities.
Nainital Bank Personal Loan Documents Required
For Salaried Professionals:
- Proof of identity (Aadhaar card, Voter ID card, Passport, Government employment card, PAN Card)
- Proof of address (Aadhaar card, Voter ID card, PAN Card, Ration card, etc.)
- Proof of age (Aadhaar card, Birth certificate, PAN Card, Voter ID card, etc.)
- Proof of income (Salary Slips, Bank Account Statement)
- Application form
- Passport size photos
For Self-Employed Individuals/Professionals:
- Proof of identity (Aadhaar card, Voter ID card, Passport, Government employment card, PAN Card)
- Proof of address (Aadhaar card, Voter ID card, PAN Card, Ration card, etc.)
- Proof of age (Aadhaar card, Birth certificate, PAN Card, Voter ID card, etc.)
- Application form
- Passport size photos
- Proof of IT (Income Tax) returns or Form 16
Nainital Bank Personal Loan – Eligibility Criteria
You should be a permanent employee of Government Departments/Companies/ Reputed Institutions
Or
Field Officer/Agents of Insurance companies provided they are maintaining accounts with our bank for at least six months and the proceeds of their commission etc. are being credited in their accounts
Or
Other applicants engaged in business activity and professionals i.e. doctors, advocates, Chartered Accountants etc.
| Eligibility | Loan Amount |
| For salaried employees | An amount equal to fifteen times of net take home monthly salary/salary credited to his a/c subject to maximum of Rs.3,00,000/- |
| For high income employees of Govt. Department and PSU such as Professors/Doctors/ Engineers having monthly salary of Rs. 75000.00 per month (minimum) and net take home salary of Rs. 50,000(minimum) excluding instalment of proposed loan subject to maximum amount of Loan of Rs. 5 lakh | |
| For pensioners | An amount equal to ten times of monthly pension credited/remitted to the account of pensioner subject to a maximum amount Rs.50,000 including staff of Nainital Bank Limited |
| For Insurance Agents | An amount equal to average commission received during last two financial years subject to maximum Rs.2 lakh |
| Other Category i.e. Businessman, etc. | For Doctors & C.A. – An amount equal to two times of average returned income of last two years subject to maximum Rs.5 lakh |
| Others – An amount equal to two times of average returned income of last two years subject to maximum Rs.2 lakh |