Bank loans for non-salaried people at lowest Interest Rates

Non Salaried people can apply for loans To meet personal expenses such as marriage, purchase of consumer durable, travel, holiday, etc.

PERSONAL LOAN NON SALARIED ELIGIBILITY

• Non-salaried individuals having regular source of income**.
• Minimum age of the applicant should be 25 years.
• Maximum permissible age at the end of repayment to be 75 years. This is subject to assessment at the time of sanction the adequacy of income to meet repayment obligation till the age of 75 years.
• Applicant should be customer of our Bank for at least 24 months prior to considering the loan proposal.
• Applicant should necessarily maintain savings or current account with us with average quarterly balance of Rs.25000 & above for immediately preceding 4 quarters and conduct of account should be satisfactory, i.e. no cheque returns for financial reasons, no adverse feature reported etc.

Banks List who offered Loans to Non Salaried People

1. Bank of Baroda
2. Axis Bank
3. HDFC Bank
4. State Bank of India
5. ICICI Bank
6. Indusind Bank
7. Kotak Mahindra Bank

How to Apply Personal Loan for Non-Salaried Person?

For apply personal loan if you are non salaried person than there are 3 options available

• By Visit Bank Branch
• By Apply for online through Bank website
• By Pre approved from bank in which you have saving or current account

Documents & Income proof list for Non Salaried People

Self – employed professionals should provide below documents. These documents should be authentic and legal.

• The duly signed application form
• Passport size photograph
• Proof of Id – Passport/Voter Id/PAN Card
• Proof of age – Birth certificate/Passport
• Proof of residence – Passport/Utility Bill/Allotment letter
• Proof of income – Last 3 years Income Tax Returns (ITR), Audited and CA certified financials for the latest 2 years, which includes P&L, Balance Sheet, audit reports, etc.
• Balance sheets – Last 3 months Bank statement/Last 6 months Bank Passbook

Interest Rates on Loans for Non Salaried People