Baroda Rajasthan Kshetriya Gramin Bank Personal Loan Approval Process

Baroda Rajasthan Kshetriya Gramin Bank Personal Loan Approval Process

About Baroda Rajasthan Kshetriya Gramin Bank Personal Loan

Baroda Rajasthan Kshetriya Gramin Bank Personal Loan is a bank that provides customers with numerous services and financial help. It Uttarbanga Kshetriya Gramin Bank Personal Loan Approval Processeven provides candidates with personal loans with numerous offers, benefits deals with low-interest rates and schemes.

The interest rate on a personal loan could range from 13% to 15% per annum or even more. The interest rate is dependent on the lender’s policies and has to be followed. The interest rate on personal loans is determined by various factors like your credit history, including your repayment track record, credit score, annual income, to date debt-to-income ratio, employment security, etc.

Important Loan Schemes available of Baroda Rajasthan Kshetriya Gramin Bank

BRKGB -Baroda Rajasthan Kshetriya Gramin Bank

1. BRKGB Kisan Credit Card Scheme
2. BRKGB Krishak Sampda Rakh Rakhav Rin Yojana
3. BRKGB Krishak Mitra(Sathi) Yojana
4. BRKGB Tractor and Implements Loan Scheme
5. BRKGB Krishak Vahan Rin Yojana
6. BRKGB Saral Krishi Rin Yojana
7. BRKGB Sampati Rin Yojana
8. BRKGB Premimum Sampati Rin Yojana
9. BRKGB Saral Vyapar Rin Yojana
10. BRKGB Sulabh Rin Yojana
11. BRKGB Premium Sulabh Rin Yojana
12. BRKGB General Credit Card (GCC)
13. BRKGB Swarojgar Credit Card Yojana
14. BRKGB Artisan Credit Card Yojana
15. BRKGB Housing Loan Scheme
16. BRKGB House Repair/ Renovation/ Extension and Interior Decoration Loan Scheme
17. BRKGB Education Loan Scheme
18. BRKGB S.M.E. Loan Scheme
19. Small Road Transport Loan Scheme
20. BRKGB Apna Vahan Rin Yojana
21. BRKGB Two-wheeler Loan Scheme
22. BRKGB Loan scheme for financing Joint Liability Groups
23. BRKGB Hathkarga Bunkar Samuh (HWG) Loan Scheme
24. BRKGB Loan Against NSCs/KVPs
25. BRKGB Loan against Life Insurance Policies
26. BRKGB Loan Schemes for financing Master Weavers
27. BRKGB TUF (Technology Upgradation Fund) Loan Scheme
28. BRKGB Loan Scheme for Agricultural Activities
29. BRKGB Loan Scheme for Non-agricultural Activities
30. BRKGB Loan Against Warehouse Receipts
31. BRKGB Loan scheme for Doctors/ Hospitals
32. BRKGB Top Up Loan Yojana
33. BRKGB Future Rental Yojana
34. BRKGB WASH Scheme

Baroda Rajasthan Kshetriya Gramin Bank Personal Loan Eligibility

The eligibility criterion for a personal loan for Baroda Rajasthan Kshetriya Gramin Bank Personal Loan are:

 

Particulars Salaried Self-Employed
Age 21 – 60 years 21 – 65 years
Minimum Income Rs.15,000* Rs.5 Lakh p.a.
Co-applicant Not mandatory Not mandatory
Loan Tenure 12 – 60 months 12 – 60 months
Maximum Loan Amount Rs.40 Lakh Rs.40 Lakh
Employment Type Employees of private limited companies and public sector undertakings
Self-employed individuals
Employment/Business Continuity At least 2 years; minimum 1 year with current employer
4 years Post Qualification experience for Doctors/ Chartered Accountants.
5 years Post Qualification experience for Company Secretary / Architect.
CIBIL Score 750 and above 750 and above
Residential Status
Resident Indian staying in own house or a rented house

 

*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000

*Note: The eligibility criteria vary from lender to lender.

Check Personal Loan Eligibility with Top Lenders in 2021

Bank Age Limit Minimum Work Experience
Minimum Income (Per Month)
SBI Up to 76 years NA** Rs.15,000
HDFC 21 to 60 years 2 years Rs. 20,000
ICICI 23 to 58 years 2 to 5 years Rs.17,500
Axis 21 to 60 years NA** Rs.15,000
Kotak Mahindra 22 to 55 years 1 year Rs.25,000
Tata Capital 21 to 58 years 1 year Rs.15,000
IndusInd 21 to 60 years 2 to 5 years Rs.25,000
Ujjivan Small Finance 22 to 58 years NA**
Above the minimum wage limit
India Infoline Finance Limited 25 to 60 years 6 months to 2 years Rs.35,000
HDBFS 21 to 65 years 1 year to 3 years
Rs.15,000 for salaried
Rs.1 lakh p.a. for self-employed
Indian Overseas Bank Up to 58 years NA* Rs.5,000
IDFC First Bank 23 to 68 years 3 years NA*
Federal Bank 21 – 55 Years 3 years Rs.25,000
Punjab National Bank 21 – 58 years 2 years for doctors Rs.15,000
Andhra Bank 21 – 55 years NA** NA*
Canara Bank NA** NA**
Salaried: Rs.6,000 & above
Self-employed – Rs. 1.5 lakh
IDBI Bank Up to 75 years for Pensioners NA** Rs.1.5 lakh p.a.
Fullerton India 21 to 55 years 1 to 2 years Rs.15,000
RBL Bank 25 to 60 years 1 to 3 years Rs.25,000
Bank of Baroda 21 to 60 years 1 year to 2 years
60% of gross monthly income
Deutsche Bank 25 to 60 years NA** Rs.25,000
Karnataka Bank NA** 3 years NA*
United Bank of India up to 75 Years 2 years NA*
UCO Bank 21 to 65 years 1 year to 5 years Rs.20,000

 

*Personal loan disbursal is solely at the bank’s discretion and as per the bank’s terms and conditions

Learn More about Personal Loan: Click Here

 

Documents Required for Baroda Rajasthan Kshetriya Gramin Bank Personal Loan

The documents required for Baroda Rajasthan Kshetriya Gramin Bank Personal Loan are:

 

List of Documents Required for Salaried Applicants

Salaried individuals must submit the following documents in addition to a completed personal loan application form:

Photo Identity Proof (Any one) Passport
PAN Card
Voter’s ID
Aadhar Card
Driving License
Address Proof (Any one)
Passport
Utility Bill (telephone, electricity, water, gas) – less than 2 months old
Aadhaar Card
Driving License
Ration Card
Income Proof
Salary slips (Last 3 months)
Bank statements for the last 3 to 6 months (showing salary credit)
Tax Paid (Any one
IT returns (for 2 years)
Form 16
Residence Ownership Proof (Any one)
Property documents
Maintenance bill
Electricity bill
Proof of Job Continuity (Any one)
Current employment certificate
Current job appointment letter (if more than 2 years have been spent in the same organisation)
Experience certificate (previous employer’s relieving or appointment letter along with job certificate)
Proof of Investment (if any)
Fixed assets, fixed deposit, shares, etc.
Existing Loans (if any)
Payment Track Record & Sanction letter
Photograph
One coloured passport size photograph

 

List of Documents Required for Self-employed Applicants

Self-employed personal loan applicants must submit the following documents in addition to a fully completed loan application form:

Photo Identity Proof (Any one) Passport
PAN Card
Voter’s ID
Aadhaar Card
Driving License
Address Proof (Any one)
Passport
Aadhaar Card
Driving License
Utility Bill (telephone, water, electricity, gas) – less than 2 months old
Ration Card
Proof of Residence Ownership (Any one)
Property documents
Maintenance bill
Electricity bill
Proof of Office Address and Ownership (Any one)
Maintenance bill
Property documents
Electricity bill
Proof of Business Existence (Any one)
Copy of GST registration
Company registration license
Shop establishment proof
Income Proof
Last 2 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant
Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable
Bank statement
Savings/current account bank statement/ bank passbook for the past one year
Proof of Investment (in case any)
Investments such as fixed deposit, fixed assets, shares, etc.
Existing Loans (in case any)
Payment Track Record and sanction letter
Professional Degree Certificate
In case of professionals
Photograph
One coloured passport size photograph

 

List of Documents Required for NRI Applicants

When applying for a personal loan, NRI candidates are typically required to submit the following documents:

Identity Proof Copy of the passport
Copy of the visa
Employment Proof Letter of Appointment
Job contract
Labour/ Identity card (if applicable)
Official email ID or the HR’s email ID
Income Proof Last 6 months’ bank statements
Last 6 months’ salary slips or salary certificate
Photograph Passport size photographs

 

List of Documents Required for Pensioners

When applying for a personal loan, a pensioner must submit the following documents:

Identity/Age Proof (Any one)
Ration card
Passport
PAN card
Aadhar card
Voter ID card
Driving licence
Birth certificate
School leaving certificate
Address Proof (Any one) Passport
Aadhaar card
Utility bills
Ration card
Driving licence
Income Proof (Any one)
Last 6 months’ bank statements/salary slips
Bank passbook
Form 16
Copy of pension payment order
Income tax returns
Photographs
Passport size photographs

 

Know More About: Personal Loan Eligibility Criteria

 

Baroda Rajasthan Kshetriya Gramin Bank Personal Loan Approval Process

Step 1: When the bank receives the personal loan application, the bank will verify the information you gave in the application form. Banks will note details such as salary deposits, bank statements, and any other activity such as deduction of EMI from your account.

Step 2: Then comes the verification stage, where the data provided by you to the bank is verified. The KYC is achieved here. The bank officials may contact you for the bank applications and documents required for the loan. The bank cross verifies documents provided and inquires in the workplace or may visit your home to dodge any fraud.

Step 3: Here’s when the credit score of 650 or more is appreciated, and your loan is instantly approved. Next, the bank looks at the transition history so far then, IT returns are examined for the approval of the loan.

Step 4: The loan amount for the personal loan and tenure will be decided by the bank based on the following:

annual salary, credit score, age, salary growth rate, and years left in job service.

Step 5: Once your loan is sanctioned, pay the processing expense and use the financiers for business or personal use.

Steps to Apply for Baroda Rajasthan Kshetriya Gramin Bank Personal Loan

Step 1: Visit the official website of Dialabank or contact us on 9878981166, or even send us an email at booking@dialabank.com.

Step 2: Fill in the information demanded by DialaBank for approving the form and submit the form to the lender.

Step 3: With this, Dialabank would advise you of the amount of money you are qualified to.

Step 4: Lastly, Dialabank will process your documents and verify them, and if the bank approves the loan, it will instantly transfer the money into your bank account.

Baroda Rajasthan Kshetriya Gramin Bank Personal Loan Approval Process FAQs

 How Can I contact Baroda Rajasthan Kshetriya Gramin Bank for Personal Loan?

Contact: 0145-2642621, 2642580

Fax -0145-2642603, Email ID: ho@barodarajasthanrrb.co.in

 How can I apply for the Baroda Rajasthan Kshetriya Gramin Bank Personal Loan?

Through both offline and online, an individual can apply for a personal loan. For offline, you can visit the nearest Baroda Rajasthan Kshetriya Gramin Bank for Personal Loan and online, visit DialaBank for more information.

✅ What is the minimum age for getting a Personal Loan from Baroda Rajasthan Kshetriya Gramin Bank?

The minimum age to apply for Baroda Rajasthan Kshetriya Gramin Bank’s Personal Loan is 21 years.