Personal Loan in Jammu

Personal Loan Rates 2017 453 views

Top Banks Offering Personal Loan in Jammu

Bank NameMain Branch AddressRate of Interest
State Bank of India (SBI)House No. 86, Rail Head Complex, Sector 1, Trikuta Nagar, Jammu, Jammu and Kashmir- 18001211.90% - 14.90%
HDFC BankCb-13, Rail Head Complex, Gandhinagar Bahu Plaza Jammu, Jammu, Jammu and Kashmir 18000310.99% - 16.75%
ICICI BankRudra Complex, Main Road, Sector-2 Channi Himmat, Jammu, Jammu and Kashmir-18001511.00% - 18.49%
Axis BankBasement & Ground Floor, Khewat No. 118, Khasra No. 325, Gulab Singh Marg, Near Dogra Chowk, Jammu, Jammu and Kashmir-180001

15.50% - 24.00%

Punjab National Bank (PNB)Gupta Tower, Cb-13 Rail Head Complex, Jammu, Jammu and Kashmir 18000412.70% - 14.70%
Bank of IndiaResidency Road, Raghunath Bazar, Pakki Dhaki, Resham Ghar Colony, Jammu, Jammu and Kashmir-18000111.90% - 13.90%
Bank of BarodaGandhi Nagar, Jammu, Jammu and Kashmir-180004

11.55% - 16.55%

Central Bank of IndiaGreater Kailash Road, Greater Kailash, Jammu, Jammu and Kashmir-18001010.05% - 12.30%
IDBI Bank150, Dhar Road, Shakti Nagar, Udhampur, Jammu and Kashmir- 18210112.49% - 13.49%

Personal Loan Interest Rates in Jammu

ParticularsDetails
Interest Rate10.99% - 25.00%
Processing Fee1%-2.50% of the loan amount plus service tax, if any
Prepayment/Part-payment Charges3%-5% of the principal outstanding
Tenure/Repayment1-5 years
Lowest Per Lakh EMI₹ 2,204-2,935

Eligibility Criteria for Personal Loan in Jammu

  • As a salaried, one would have to be a minimum of 21 years during the loan application stage. While self-employed can apply he/she is atleast 24 years old. The maximum age for salaried & self-employed is supposed to be not more than 58 years and 65 years, respectively, at the time of maturity.
  • A net monthly income of ₹ 20,000 is what the lenders seek in the case of a salaried. While self-employed must have an annual income of atleast ₹ 1,00,000.
  • A minimum work experience of 1 year is needed for a salaried. Whereas, self-employed must stay in the same line of business for a minimum of 3 years.

Documents Required to Avail Personal Loan in Jammu

  • Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport
  • Address Proof- Utility bill/Passport/Aadhar card/Voter ID
  • Income Proof- Latest Salary Slip/ ITR/Form-16
  • Bank Statement- Last 3-6 Month Bank Statement

Bajaj Finserv Jammu

Availing a personal loan in Jammu is absolutely easy as Bajaj Finserv is there to help. This reputed NBFC among its widest range of financial products offers the best deal for a personal loan to cater the varied needs of all. This financial company with its attractive rates, minimal charges, flexible repayment options and less documentation ensures to make your personal loan journey a memorable affair. As far as applying for the Bajaj Finance personal loan in Jammu is concerned, you can either apply online or visit the branch near you.

About Personal Loan in Jammu

Far from the buzzing streets of mainstream cities, there remains a place called Jammu, located on the banks of Tavi river. It is called as the winter capital of Jammu & Kashmir State of India. A paradise for the nature lovers is what you can address it as. But there is a business side to Jammu as well. A large number of small-scale enterprises have set up their units in Jammu. Come here and check out the operation of woodgrain mills, as well as watch the local craftsmen manufacture products like carpets, electric & electronic goods. These small enterprises do require finance to carry out their operations. So, a number of banks and non-banking finance companies (NBFCs) are here to support their businesses by providing them suitable loan products.

Want to buy the latest iPhone in the market, but do not have the funds? Requested your friends and relatives for the same? But they denied any help by saying they didn’t have the money. You came back disappointed with a deep sense of under-achievement, right!. Don’t worry as your ‘Personal Loan’ friend is waiting anxiously to fulfill your iPhone wish. With the fastest approval, attractive interest rates and easy availability, there is none better than a personal loan to encash your dream. The minimum and maximum amount of personal loan are ₹ 50,000 and ₹ 40,00,000, respectively. You can repay the loan in upto 5 years. A personal loan is for realizing every single wish be it travelling, bringing home the all-new smartphone, buying a stylish car or others.

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