Nainital Bank New Delhi

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About Nainital Bank

Nainital Bank is a bank that has started its journey before India got its Independence and has been successfully stable in the field of banking from last 97 years. The visionaries behind the establishment of Nainital Bank were uncommon people with Pt. Govind Ballabh Pant being one of them. Pt. Govind Ballabh Pant is a Bharat Ratna holder, who among other, had a dream of fulfilling the financial needs of the people of Nainital and this lead to the foundation of Nainital Bank Limited in the year 1922.

In the year 1973, the Reserve Bank of India directed Bank of Baroda (BoB) to manage the affairs of the Nainital Bank. Bank of Baroda, a premier nationalized bank, is the second largest bank in India that holds 98.6% share of the Nainital Bank. Talking about the facilities that Nainital Bank provides, the list includes personal financing, consumer banking, insurance, corporate banking, investment banking, investment management and private banking solutions. The loans as well the investment products of the bank are designed by keeping in mind the financial needs and affordability of the bank and hence is one of the first choices of people of India. Nainital Bank has spread its branches in all the main cities including Uttarakhand, Uttar Pradesh, Haryana, Rajasthan, and Delhi and offers great service to people. Read this article to know more about the products and services offered by the in New Delhi.

Nainital Bank Branches in New Delhi

Branch NameComplete AddressIFSCMICRContact Number
Punchkuian33, P.K.Road, Above Lahore Furniture Mart - 110001NTBL0DEL032110184019011-23583606
Lajpat Nagar40 - 41, Pushpa Market, Central Market, Lajpat Nagar - 110024NTBL0DEL038110184002011-29834225/29848500
Shalimar BaghBH - 8, Bhagwati Bhawan, Shalimar Bagh - 110088NTBL0DEL039110184004011-27495914/27493733
Tilak Nagar8/33, Tilak Nagar, New Delhi- 110018NTBL0DEL040110184003011-25417475
PatparganjP - 37, Pandav Nagar, Patparganj - 110009NTBL0DEL047110184005011-22792984/22750529
I.P. ExtentionVivekanand International School, I.P.Extention, Delhi - 110092NTBL0DEL053110184009011-22232950/22240041
New Ashok NagarB - 1/63, 64, New Kondli, Kirana Market, Delhi - 110096NTBL0DEL066110184012011-22622800
Pappankalan29/2, Vijay Enclave, Palam Dabri Road, Dwarka - 110045NTBL0DEL059110184011011-25055006
Vikas Marg4, Jagriti Enclave, Vikas Marg - 110092NTBL0DEL065110184015011-22161187
RohiniE - 4, Sector 16, Jain Bharti Model, Public School, Rohini, Delhi 110085NTBL0DEL073110184016011-27899070
Rohtak RoadM - 123, Guru Harkishan Nagar, Paschim Vihar, Rohtak Road - 110087NTBL0DEL076110184018011-25289112
PitampuraSatabdi House, Plot No.3, Commercial Com,Rohit Kunj, Pitampura - 110034NTBL0DEL049110184006011-27351524/27353273
Service Branch33, P.K.Road, Above Lahore Furniture Mart - 110001NTBL0DEL080110184001011-23583040
Surhera NajafgarhVillage & Post: Surhera (Nazafgarh), New Delhi-110043NTBL0DEL105110184020011-64642797
Dwarka New DelhiDelhi DwarkaNTBL0DEL1101101840212280300

Products Offered by Nainital Bank in New Delhi

Nainital Bank is one of the largest banks in India that offers a wide array of loans and investment products. The bank offers home loans, personal loans, business loans, education loans, etc. that are available at an attractive rate of interest with a higher loan amount facility. Having said that, Nainital Bank loan interest rates are one of the lowest in the market. In addition to this, the bank offers investment products like Fixed Deposits with a higher return rate and hence giving the depositor the option to earn from their own savings without any hassle. Here are the basic details of the products offered by the bank in New Delhi, like eligibility criteria, amount, interest rate, tenure, processing fee, documents required, etc. So, have a look at the below details and apply for the product that suits your purpose.

Basic Details of Nainital Bank Products

ProductEligibilityAmount Interest RateProcessing FeeTenure
Home Loan (Apna Ashiana Housing Loan Scheme) All individual/s who own in his/her name the land on which the proposed house is to be constructed along with construction plan duly approved/sanctioned by competent authority/body. In case the land on which the proposed house is to be constructed stands in the joint names, all the joint owners should be made co-borrowers. The member of registered group housing society & farmers/agriculturists are also eligible under the scheme.Up to ₹20 lakhs8.35%NIL (Up to 31.03.2017)Up to 20 years
Personal Loan (Naini Sahyog)Permanent employees of Government Departments/Companies/ Reputed Institutions.
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.
Other applicants engaged in business activity and professionals i.e. doctors, advocates, Chartered Accountants etc.
For salaried: Up to ₹5 lakhs

For Pensioners: Up to ₹50,000

For Insurance agents: Up to ₹2 lakhs

For Other Category and Businessmen etc: Up to ₹5 lakhs
11.30% - 14.75%0.50%-1% of the loan amountUp to 5 years
Car Loan (Suhana Safar Car Loan scheme)Individual
Proprietorship /
Partnership Firms / Private & Public Ltd. Co.
Up to ₹75 lakhs9.55% - 10.00%As per bank’s normsUp to 7 years
Business Loan For Vyapar Suvidha for Traders:
All individuals, firms, companies, regd. co-operative societies engaged in lawful trading of goods & commodities at least for last 2 years
Naini Health Care For Doctors:
Any individual having a Bachelors/ Masters Degree in the field of Medical Sciences like MBBS/ MS/ MD/ BDS/ MDS from a University recognized by Medical Council of India / Government of India
Up to ₹2 crores8.60%-10.35%As per Bank’s normsUp to 7 years
Fixed DepositAny Resident Individual - Single Accounts, Two or more individuals in Joint Accounts, Illiterate Persons, Blind persons, Purdanasheen Ladies, Minors, Associations, Clubs, Societies, etc. Trusts, Institutions/Agencies specifically permitted by the RBI eligible to open a "Fixed Deposit Account" in single/joint name/s.Above ₹10004.00% - 8.40%NILAbove 1 year
Education LoanFor Studies in India:-
School education including plus 2 stages.
Graduation courses – All graduation course i.e. B.A.
Post graduation courses: Masters & Ph. D.
Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental Management, Computer, Ayurved, Homeopath, Physiotherapy.
Computer certificate courses of reputed institutes accredited to Department of Electronics or Institutes affiliated to University.
Courses like ICWA,CA, CFA, CS.
Courses conducted by IIM. IIT, IISc, XLRI, NIFT.
Evening courses of Institutes approved by State /Central Government/UGC/ Universities.
Other courses leading to diploma/degree etc., conducted by colleges/universities approved by UGC/Govt/ AICTE/AIBMS/ICRM.
Courses offered by National Institutes and other reputed private institutions.
For Studies abroad:-
Graduation for job oriented professional/technical courses offered by reputed universities.
Post graduation MCA, MBA, MS.
Courses conducted by CIMA –London, CPA in USA.
Up to ₹20 lakhs10.10%-11.10%As per bank’s normsAfter completion of the course
Gold LoanAll individuals, subject to compliance of KYC/KYB norms. The applicant should be of good worth.As per the bank’s norms11.60%NILUp to 3 years

Documents Required

Below are the list of all the documents according to the product the applicant is applying for.

ProductDocuments
Home Loan Sale Deed/Agreement to Sale
Copy of approved map of proposed construction /purchase/extension
Detailed cost estimate/valuation report from an approved architect of the Bank
Salary Certificate & form No. 16 issued by employed for last two years
Income Tax Return/assessment order in case of Self-employed for last two years
Tax Paid Receipts
Allotment letter of Co-operative Society/housing board/Constructor/Builder etc.
Personal LoanFor Salaried:
Signed application form with photograph
Copy of passport/voter ID card/driving license
Processing fee cheque
Last 3 months bank statement/6 months bank passbook
Latest salary slip
Current dated salary certificate with the latest Form 16

For Self-employed:
Signed application form with photograph
Copy of passport/voter ID card/driving license
Processing fee cheque
Last 3 months bank statement/6 months bank passbook
Latest Bank statement
Latest ITR or Form 16
Car LoanIdentity Proof
Address Proof
Processing Fee cheque
Passport size photos
Loan application form
Business Loan ID Proof
Address Proof
Processing Fee cheque
Passport size photos
Loan application form
Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
Last 6 months bank statements and 3 months of all other bank accounts mentioned in the Balance Sheet
Fixed DepositIndividuals
Hindu Undivided Families (HUFs)
Minor represented by parents /guardian
Guardian on behalf of societies, clubs, trusts and associations
Associations
Clubs
Trusts
Sole proprietorship firms
Partnership firms
Limited Companies
Education LoanLetter of admission
Duly filled and signed loan application form
2 recent passport size photographs
Statement of cost of study
PAN Card, AADHAR card of student and parent/guardian
Proof of identity and proof of residence
IT returns or IT assessment order of previous two years of the co-borrower
Statement of assets and liabilities of parent/guardian
Proof of income of parent/guardian
Gold LoanKYC Documents as per the bank’s norms

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