Catholic Syrian Bank Personal Loan Interest Rates

Personal loans from Catholic Syrian Bank can be used to cover personal financial needs such as weddings, vacations, and debt reduction. You could also borrow up to ten times your gross monthly wage and repay it in 60 months or fewer at an interest rate of 12% to 19% p.a.

Details of the CSB Bank Personal Loan Schemes

 

Particulars

Details

Rate of Interest

12.00% to 19.00% p.a

Processing Charges

0 - 1% 

Term

60 Months

Maximum Amount

Ten-time of the gross salary

Employment Status

3 Years of Work Experience

Characteristics of the Personal Loan Schemes from CSB Bank

  • Loan amount maximum.
  • There are numerous debt repayment choices.
  • Personal loan application forms are processed quickly and easily.
  • Rapid loan acceptance.
  • The bank does not require a guarantor.
  • Interest rates are both attractive and competitive.
  • Provides special schemes and discounts to large corporation employees.
  • Typically, no security is required to obtain a personal loan.

CSB Bank Personal Loan Interest Rate

Rate of Interest

12.00% to 19.00%

Who is Eligible for the CSB Bank Personal Loan Scheme?

  • The applicant must be at least 21 years old.
  • The applicant's maximum age should be 58 years.
  • An applicant must be salaried/self-employed and have a steady source of income.
  • For salaried applicants, a minimum of three years of confirmed service with a reputable organization is required.

What are the Documents Required for the CSB Bank Personal Loan Schemes?

  • Personal loan application form duly completed and signed
  • Photographs.
  • A passport, voter ID card, driving license, PAN card, Aadhar card, or government department ID card are all acceptable forms of identification.
  • Proof of income – most recent wage slip with all deductions or Form 16 with most recent salary certificate.
  • ITR from the prior two fiscal years as proof of income (for other than salaried individuals).
  • Bank account statement, most recent electricity bill, most recent mobile/telephone bill, most recent credit card statement, most recent house lease agreement
  • Bank statement or bank passbook with entries from the previous six months

Factors that Affect the Interest Rate on Personal Loan Schemes for CSB Bank

The following are the major factors that influence a personal loan interest rate-

  • Credit Score: Your credit score, which is generated based on your credit history, shows your creditworthiness to the bank. Personal loans with cheap interest rates are available to people with a credit score of 750 or higher, while those with poor credit can expect exorbitant interest rates.

  • Loan Term: Expect a lower interest rate if you choose a longer loan tenure, but the interest that is paid over the long tenure will be considerable. Similarly, if you choose a short loan term, you should expect a higher interest rate. As a result, use an EMI calculator to determine the best loan term for your personal loan.

  • Repayment Capability: If you fulfil the bank's minimum income condition, you are anticipated to repay the loan without defaulting. As a result, the bank will provide you with a personal loan at a competitive interest rate. The bank may offer you a low-interest rate if you keep your debt-to-income ratio low.

  • Existing Customers: Banks frequently provide immediate personal loans at low-interest rates to existing customers. As a result - apply for a personal loan with a bank with which you have a good financial relationship. You can even discuss the terms of your loan repayment with your banker to fit your repayment capacity.

Other Charges of the CSB Bank Personal Loan Scheme

 

Document Charges

Rs. 100 - Rs. 300

Service Charges

Rs. 10 - Rs. 2,000

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