• CSB Bank Personal Loan

    In the event of a financial emergency, you can borrow a personal loan from Catholic Syrian Bank. The lender offers a hassle-free application process.

    • Easy application process
    • Minimal documentation required
    • Low interest rate charged
    • Maximum repayment tenure of 5 years
    More

    Catholic Syrian Bank Loan Details

    Interest Rate 12% - 19%
    Loan amount Up to 10 times the applicant’s gross monthly salary

    Fees and Charges

    Schedule of charges Fee
    Documentation fee
    • Up to Rs.1 lakh: Rs.100
    • Between Rs.1 lakh and Rs.10 lakh: Rs.300
    • Above Rs.10 lakh: Rs.500
    Service charge Rs.10 to Rs.175

    Documents Required to avail a personal loan from Catholic Syrian Bank

    The documents that you will need to submit at the time of applying for a personal loan are as follows:

    • Proof of identity
    • Proof of address
    • Recent salary slip or salary certificate
    • Bank statements of the last 6 months
    • Undertaking from the employer
    • Proof of having served one’s present employer

    Why Should You Choose the Catholic Syrian Bank Personal Loan?

    Catholic Syrian Bank is a leading private sector bank that has a strong presence in both urban and rural parts of the country. The lender offers multiple loan solutions with attractive terms to cater to the financial requirements of its diverse customer base. In this article, let us look at the details of Catholic Syrian Bank’s personal loan.

    Certain reasons why you should consider applying for a personal loan from Catholic Syrian Bank are as follows:

    • Flexible Repayment: You can opt for a loan repayment tenure of up to 60 months, based on your convenience.
    • No Restrictions Applicable on the Usage of the Loan Amount: You can avail a personal loan from Catholic Syrian Bank in case of a personal necessity. The lender does not specify any restrictions on how the loan amount can be used.
    • Minimal Documentation: You only need to submit minimal documents to the lender when applying for a personal loan.

    Who Can Avail a Personal Loan from Catholic Syrian Bank?

    Individuals who are employed with reputed organisations and have completed at least 3 years of service in the organisation can apply for this loan.

    How the EMI calculation of Catholic Syrian Bank personal loan work?

    Here is an example which will help explain how a personal loan taken from Catholic Syrian Bank will work.

    Mr. Sharma takes a loan for Rs.1 lakh for a loan tenure of 1 year. The lender charges an interest of 14% p.a. As per this scenario, Mr. Sharma will need to pay an EMI of Rs.8,979. The total interest payable over the course of the loan term will be Rs.7,745. Mr. Sharma will, thus, be repaying a sum of Rs.1,07,745 to the lender. The amortisation details are as follows:

    Month Principal Paid (A) Interest Paid (B) Total Amount Paid (A+B) Outstanding Loan Amount
    1st Month Rs.7,812 Rs.1,167 Rs.8,979 Rs.92,188
    2nd Month Rs.7,903 Rs.1,076 Rs.8,979 Rs.84,285
    3rd Month Rs.7,995 Rs.983 Rs.8,978 Rs.76,289
    4th Month Rs.8,089 Rs.890 Rs.8,979 Rs.68,201
    5th Month Rs.8,183 Rs.796 Rs.8,979 Rs.60,018
    6th Month Rs.8,279 Rs.700 Rs.8,979 Rs.51,739
    7th Month Rs.8,375 Rs.604 Rs.8,979 Rs.43,364
    8th Month Rs.8,473 Rs.506 Rs.8,979 Rs.34,891
    9th Month Rs.8,572 Rs.407 Rs.8,979 Rs.26,320
    10th Month Rs.8,672 Rs.307 Rs.8,979 Rs.17,648
    11th Month Rs.8,773 Rs.206 Rs.8,979 Rs.8,875
    12th Month Rs.8,875 Rs.104 Rs.8,979 Rs.0

    *Note: In the above-mentioned example, it is assumed that no processing fee is charged.

    Compare Catholic Syrian Bank personal loan with loans from other lenders

    Particulars Catholic Syrian Bank Citibank Personal Loan ICICI Bank Personal Loan Axis Bank Personal Loan
    Interest Rate As per the lender’s terms and conditions 10.99% p.a. onwards 11.25% p.a. onwards 15.75% p.a. to 24% p.a.
    Loan Amount Up to 10 times the applicant’s gross monthly salary Up to Rs.30 lakh Up to Rs.20 lakh Up to Rs.15 lakh
    Loan Tenure Up to 5 years Up to 5 years Up to 5 years Up to 5 years

    It is necessary to compare the interest rates and other particulars of personal loans offered by different lenders in order to make an informed choice. You can visit Catholic Syrian Bank’s branch to submit the application form and the other required documents if you find that the personal loan offered by the lender matches your requirements.

    FAQs on Catholic Syrian Bank Personal Loans

    1. Can I apply for a personal loan through Catholic Syrian Bank’s website?
    2. No, the lender currently does not accept online applications. You will need to visit the lender’s branch to apply for a personal loan.

    3. Are personal loan applicants required to have a guarantor?
    4. Yes, you should have at least 1 guarantor. The guarantor should be a permanent employee in an organisation.

    5. What are the various channels through which I can contact Catholic Syrian Bank’s customer service team?
    6. You can contact the lender through the below-mentioned helpline numbers:

      • 1800 266 9090 (toll-free number)
      • 0422 – 2228422
      • 0422 – 6612300
      • +91 – 422 6612300 (ISD charges are applicable)

      You can also send an email to branchservice@csb.co.in

    7. Will Catholic Syrian Bank check my credit score when I apply for a personal loan?
    8. Yes, the lender will check your credit score. If you have a good credit score, it is likely that you will be charged a more reasonable rate of interest on your loan.

    9. How do I repay the CSB bank personal loan?
    10. You will have to repay your loan amount via EMIs or Equated Monthly Installments (EMIs) over the course of the loan repayment term.

    11. How do I check the status of my personal loan availed from Catholic Syrian Bank?
    12. If you wish to check the status of your personal loan from Catholic Syrian Bank, you can visit its nearest branch. The officials of the bank will find out the status of your personal loan application and let you know of the same after you provide them with your application reference number and mobile number.

    13. Whom do I contact if I have a query on Catholic Syrian Bank personal loan?
    14. For any banking or loan related queries, you can call Catholic Syrian Bank personal loan customer care toll-free number of at 1800-266-9090. Alternatively, you can also call the numbers 0422-2228422 and 0422-6612300 but there will be charges applicable.

        

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    Catholic Syrian Bank Personal Loan Reviews

    • Catholic Syrian Bank
      "Very good deal"
      0.5 5.0/5 "Blown Away!"
      I got a real good offer on my personal loan with Catholic Syrian bank. They had given me an interest rate of around 7 to 8% and the tenure was also as per my choice. The process was completed on time and the funds was to what I needed. It was a good experience indeed.
      Was this review helpful? 5
      , guntur
      Reviewed on Nov 09, 2016
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