Top up facility - You can apply for a renewal of your Personal Loan, after repaying a part of the original Personal Loan obtained by you.
You have a choice of fixed or floating interest rates.
Your loan will be processed within a maximum of three working days, after submitting the loan application with all required documents.
Enjoy fast, convenient and 24 x 7 unlimited access points to your account from anywhere in the world through Online Banking, Telephone & Mobile Banking or through the millions of ATMs belonging to Cirrus or Visa networks anytime and anywhere.
You can talk to our loan officers for advice and guidance at any time before and during the repayment period of your loan.
Ability to apply via Online Banking - If you are already registered for our Online Banking facility, now you can apply for Personal Loans online from where ever you are at a time convenient to you
You should be aged between 18 and 60 years.
You need to be a confirmed employee of an organization acceptable to the Bank with a minimum of one year in confirmed employment.
Minimum salary or your regular monthly net income should be Rs 50,000/-, to apply for a Personal Loan.
The loan should be fully repaid before the date of retirement.
Your regular income should be directed to an account at Commercial Bank (which could be opened for this purpose) from which the monthly payments could be deducted.
Documents Needed
Duly completed Personal Loan application form
Employer’s letter of confirmation of employment
Employer’s undertaking to remit the salary to your Commercial Bank account | 03 most recent salary slips
Copy of a recent utility bill showing your name and permanent address
Terms & Conditions apply
Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.