Personal Loan
Fulfill your personal aspirations with our flexible loan options
About Personal Loan
Competitive rates for all your personal needs
Fingrowth Bank offers personal loans at competitive interest rates to meet various personal needs and requirements of individuals, self-employed persons, and professionals by mortgaging immovable property.
Whether you need funds for medical emergencies, education, wedding, travel, or any other personal requirement, our personal loan is designed to provide quick financial assistance with flexible repayment options.
Who Can Borrow?
Salaried Employees
Permanent employees with regular income and minimum net monthly income of Rs. 10,000/-
Professionals
Doctors, Lawyers, CAs, Architects, and other professionals who are income tax payers
Self-Employed Individuals
Businessmen and self-employed with minimum net annual income of Rs. 1,20,000/-
Age Limit
Maximum age limit: 55 years at the time of applying for the loan. If age is above 55 years, a co-borrower may be required.
Loan Amount & Terms
Loan Amount
Minimum Rs. 50,000 and Maximum Rs. 10 Lakh
Interest Rate
Competitive
As per prevailing rates
Margin
50%
Of market value of property
Repayment
Flexible
As per loan amount*
Security & Documentation
Primary Security
Legally acceptable title documents of non-encumbered residential house/flat/urban property/commercial/industrial property in the name of borrower, either self-occupied or vacant, and not mortgaged to any other institution/bank for any purpose.
Required Documents
For Salaried Employees:
- Salary certificate / Income Tax Return
- Verification of employment from employer
- Permanent address for correspondence (if job is transferable)
- Identity and address proof
For Self-Employed Persons:
- Evidence of income
- Copy of bank accounts (if not an account holder of the bank)
- Income-tax return of last 2 years along with PAN Card
- Residence proof
Personal Guarantee
Third party personal gurantee of one person having good credentials and adequate net worth with immovable property
Third party personal guarantee of two persons (One would be Govt Employee/Bank & Other would be PSU Employee/Existing Good Borrower of Our Bank) without immovable property
Key Features
Competitive Interest
Attractive interest rates
Quick Processing
Fast approval process
Flexible Repayment
Comfortable EMI options
Minimal Documentation
Simple documentation process
Processing Fees & Charges
- 1.18% of the loan amount as processing fee
- Fees and charges are one-time and non-refundable
- Legal and other charges, if any, to be borne by the borrower
- Insurance coverage of the property is mandatory
Ready to Apply for a Personal Loan?
Visit your nearest Fingrowth Bank branch to apply
Other Loan Products
Where to Apply?
Visit any of our branches spread across Rajasthan, Ahmedabad, Kota, Udaipur, Jodhpur or contact our Head Office.