COVID-19 Personal Bank Loan Schemes: Eligibility, Rate Of Interest & Simple Tips To Apply

COVID-19 Personal Bank Loan Schemes: Eligibility, Rate Of Interest & Simple Tips To Apply

COVID-19 Personal Bank Loan Schemes: Eligibility, Rate Of Interest & Simple Tips To Apply

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Due to the fact nationwide lockdown continues, some leading banks in Asia have actually introduced unique schemes for organizations and people to greatly help them cope with crisis costs caused by the ongoing COVID-19 crisis.

Listing of Banks providing loans that are COVID-19 Asia

  • Bank of Maharashtra
  • Punjab Nationwide Bank (PNB)
  • Indian Overseas Bank (IOB)
  • Bank of Baroda (BoB)
  • Indian Bank
  • Union Bank of Asia
  • UCO Bank
  • State Bank of Asia (SBI)
  • Bank of Asia

Key information on some of those recently introduced COVID-19 unsecured loans and loans are the following:

Table of articles

  • 1. Bank of Maharashtra crisis Credit Line – Personal Loan Scheme COVID-19 for people
  • 2. Punjab Nationwide Bank SAHYOG COVID 19 Personal Bank Loan Scheme for people
  • 3. Punjab Nationwide Bank Aabhar Rin COVID 19 Personal Bank Loan Scheme for folks
  • 4.Bank of Asia COVID-19 unsecured loan for folks
  • 5. Indian Overseas Bank Insta Pension-COVID-19 Relief Loan for people
  • 6. Baroda Personal Loan COVID 19 by Bank of Baroda (BoB) for people
  • 7. IND-COVID – crisis Salary Loan by Indian Bank for Salaried people
  • 8. IND-COVID – crisis Pension Loan by Indian Bank for Pensioners
  • 9. State Bank of Asia COVID-19 Crisis Personal Line Of Credit for Companies
  • 10. IND-MSE COVID Emergency Loan by Indian Bank for Companies
  • 11. SHG-COVID – Sahaya Loan by Indian Bank for Self Help Groups
  • 12. Union Bank of Asia COVID crisis personal credit line for companies
  • 13. UCO Bank COVID 19 Crisis Line Of Credit for Organizations
  • 14. Indian Overseas Bank COVID Distinct Help Scheme for MSME Companies

1. Bank of Maharashtra crisis Credit Line – Personal Loan Scheme COVID-19 for folks

Bank of Maharashtra offers the financial institution of Maharashtra crisis Credit Line – Personal Loan Scheme COVID-19 to any or all its current mortgage loan customers to enable them to meet with the immediate liquidity needs through the COVID crisis that is current. The scheme can be acquired just till.

Qualified Applicants:

  1. Current housing loan clients that have finished the safety cost of these home in preference of bank and now have started the payment of a home loan that is existing
  2. Current housing loan clients who’ve currently availed a loan that is personal additionally entitled to the latest scheme susceptible to deduction norms as specified by Bank of Maharashtra

Documents Needed:

  1. Form duly finalized along side guarantor’s kind and assets and liabilities type
  2. Evidence of earnings: Salary slide of final a few months showing all deductions or form that is latest 16) duly attested by the company
  3. Evidence of work: Copy of picture ID card issued by the company, work purchase, worker quantity, etc.
  4. PAN (Everlasting Account Number) Card
  5. Form 16/ certified ITR
  6. https://1hrtitleloans.com/payday-loans-sd/

  7. KYC Papers: Aadhar Card, Passport, Voter ID, Ration Card, Driving License, etc.
  8. Authorization to debit SB account/ ECS/ NACH mandate

Interest rate: Concessional interest price of RLLR (7.45%) + 1.00% = 8.45per cent onwards

Repayment Period: as much as three years including Moratorium / getaway amount of six months

Loan Quantum:

Deductions Norms: Not surpass 70% associated with gross income that is annual proposed EMI

To learn more about the mortgage scheme, you contact the lender in the cost free quantity. Or deliver a contact along with your enquiry

2. Punjab Nationwide Bank SAHYOG COVID 19 Unsecured Loan Scheme for people

PNB SAHYOG COVID 19 unsecured loan scheme is agreed to current clients regarding the bank to give monetary support to enable them to fulfill medical or other individual economic requirements as a consequence of the COVID-19 outbreak. The scheme happens to be available.

Qualified Applicants:

  1. All permanent/ that is salaried workers of Central/State Govt./PSUs and all reputed organisations/ institutions including schools and universities, autonomous bodies/ nursing facilities/ hospitals that are drawing their wage through records in PNB (account holders with erstwhile OBC and UBI will also be qualified)
  2. Current housing loan debtor of PNB (along with individuals with existing mortgage loans from erstwhile OBC and UBI) with as much as date re re payments.

Interest rate: RLLR (7.05%) + 1.00% = 8.05percent

Repayment Period: as much as three years

Loan Quantum: Up to Rs. 3 lakh

Optimum chronilogical age of the Applicant: 60 years

You can call on toll free numbers if you want to know more about the personal loan scheme. You could get details by giving a message.

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