FinCare Small Finance Bank Personal Loan Approval Process

About FinCare Small Finance Bank Personal LoanFinCare Small Finance Bank Personal Loan Approval Process

Are you interested in applying for a personal loan? Then we’ve got you covered because FinCare Small Finance Bank Personal Loan Approval Process now gives customers personal loans with the best discounts and offers available. Personal loans can also be found on the Dialabank Personal Loan webpage. Other sorts of loans can be found on Dialabank’s official website. Returning to the FinCare Small Finance Bank, the following are the top-selling elements of the FinCare Small Finance Bank Personal Loan Approval Process: –

  • FinCare Small Finance Bank offers low-interest pre-approved personal loans to customers who have a good credit history and already have an account with the bank.
  • The FinCare Small Finance Bank also provides an online application where you can complete your KYC and submit your documents digitally.
  • You may also monitor the status of your FinCare Small Finance Bank personal loan application in real-time by going to the bank’s website or calling the customer service centre.
  • FinCare Small Finance Bank also includes diverse income and occupation groups, as well as specific plans.

FinCare Small Finance Bank Personal Loan Eligibility

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

Click here to know more about - Salaried Applicant
Click here to know more about - Self-employed Applicant

*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 FinCare Small Finance Bank Personal Loan

FinCare Small Finance Bank Personal Loan Approval Process

You are required to bring the following documents to avail personal loan from FinCare Small Finance Bank:-

  • Filled up a loan application form or an online form, if you are applying online
  • 2 Passport Size Photo
  • Identity Proof – One of the following: Driving License, PAN, Passport, Voter ID, Aadhaar Card
  • Residential Address Proof – One of the following: Registered Rent Agreement, Passport, Leave and License, Utility Bill of last three months
  • Income Documents – Copy of Form 16 of last 2 years, 3-month payslip, 3 months bank statement showing salary credit and any EMI debit

Steps to Apply for FinCare Small Finance Bank Personal Loan

If you wish to apply for a FinCare Small Finance Bank Personal Loan, you can do it either online or in person. We will inform you about the procedure both online and in-person at the branch. If you want to apply, you must first complete the steps listed below: –

  • Visit the FinCare Small Finance Bank’s website or get in touch with a FinCare Small Finance Bank branch.
  • Fill in the bank’s personal, professional, and financial information and submit the form.
  • The bank will evaluate your eligibility when you complete the form online and inform you of the amount you are qualified for.
  • You must submit the necessary documents, which can be uploaded online, once you agree to complete the application.
  • Finally, the FinCare Small Finance Bank will process your documentation, and the funds will be released to your FinCare Small Finance Bank account as soon as the loan has been approved.

If you want to get straight to the branch, you must complete the steps outlined below:-

  • Fill out the application form with the relevant personal information, occupation information, and contact information at any FinCare Small Finance Bank branch.
  • The FinCare Small Finance Bank representative will go over the loan’s eligibility, terms, processing fees, prepayment, and foreclosure provisions with you.
  • You will be given an application reference number after submitting the application form and relevant documents. This number can be used to check on the progress of your FinCare Small Finance Bank Personal Loan application.
  • After successful verification, the loan can be disbursed as soon as the loan is approved and the agreement is signed.

FinCare Small Finance Bank Personal Loan Approval Process FAQs

✅ What is a personal loan?

A personal loan is an unsecured loan that you can get from a bank or a non-bank financial institution to help you with any financial need.

✅ What if I default on my loan repayment when I have offered collateral security?

Personal loans are unsecured loans, which means that even if you don’t meet the lending requirements, you can still acquire a loan by putting up collateral. In such circumstances, you must be cautious about returning the loan before the term expires.

✅ What happens if I default on my EMIs and have a guarantor?

Someone who guarantees the repayment of your loan on your behalf is known as a guarantor. If you are unable to return the loan within the agreed-upon time frame and when the instalments are due, your guarantor or co-signer will be requested to pay them.