Jharkhand Gramin Bank Personal Loan Approval Process

About Jharkhand Gramin Bank Personal LoanJharkhand Gramin Bank Personal Loan Approval Process

Are you looking for Personal Loans? Then, you have reached the right place. Jharkhand Gramin Bank provides customers with numerous benefits, offers and deals with low-interest rates. To know more about the procedure of personal loans, visit the official site of Dialabank. Dialabank is a financial service helpline that assists you with details and the complete process of documentation.

Jharkhand Gramin 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 Jharkhand Gramin Bank Personal Loan

Jharkhand Gramin Bank Personal Loan Approval Process

Once you fill In your loan application and submit it to the lender or bank, there is a certain approval process that needs to be fulfilled: 

  • The bank will check your salary deposits, bank statements and all financial documents provided by you. 
  • The verification regarding your identity proofs will be checked by the bank based on your application.
  • Then the lender will check your CIBIL for credit score to check creditworthiness. 
  • If your credit score is low, it can lead your loan application to rejection, so the Credit score should be higher than 750. 
  • Your Credit Score needs to be high because it determines your eligibility and a good score increases your chances of getting a loan.
  • A tenure or loan amount will be decided based on your credit score, annual income, age and more.
  • On the basis of all these criteria, your loan and the amount will be approved.

Steps to Apply for Jharkhand Gramin Bank Personal Loan

Here are the steps on how you can apply for a Personal Loan in Jharkhand Gramin Bank : 

  • There are two ways to apply for personal loans, Online and in person. For the online method, visit the official website of Jharkhand Gramin Bank. If you can’t apply online, then visit the nearest branch of the bank.
  • After reaching the nearest branch, the representative will explain the loan rates, eligibility, terms, processing fees and other clauses.
  • Now you need to fill in all the personal, professional and financial details the lender has asked for and then you need to submit the form.
  • Once you have submitted the form, the bank will check your provided information, including your eligibility and the available amount.
  • If the bank has accepted the application, then you will be asked to submit the necessary documents. You can also upload it online.
  • Then your documents will be processed by the bank. Now with the successful approval of the loan, your bank account will receive the funds immediately.

Jharkhand Gramin Bank Personal Loan Approval Process FAQs

✅ What is the maximum age for getting a Personal Loan from Jharkhand Gramin Bank?

The maximum age for availing of a personal loan from Jharkhand Gramin Bank is 54 years.

✅ What is the minimum loan amount for a Personal Loan in Jharkhand Gramin Bank?

The minimum loan amount for Jharkhand Gramin bank Personal Loan has no limit.

✅ What is the maximum loan amount for Jharkhand Gramin Bank Personal Loan?

Jharkhand Gramin Bank lets you take a maximum loan amount of Rs. 2 lakhs under the personal loan scheme.

✅ What are the documents required for Jharkhand Gramin Bank Personal Loan?

You will require an Aadhaar card/Voter ID, PAN card, salary slips of the last 6 months, the ITR files of the last two years, and two recently clicked photographs are required for a personal loan from Jharkhand Gramin Bank.