Nainital Bank offers personal loans interest rates which ranges between 12.50% p.a. to 13.00% p.a. The processing fee charged by the bank goes up to Rs.1500.
This is based on the loan amount. The bank offers the Naini Sahyog personal loans to salaried individuals, pensioners, self-employed individuals, and insurance agents.
Particulars | Salaried/Self-employed Individuals | Pensioners | Insurance Agents |
Interest Rate | 12.50% p.a. to 13% p.a. | 12.50% p.a. to 13% p.a. | 12.50% p.a. to 13% p.a. |
Processing Fee | Up to Rs.1,500 | Rs.500 | Rs.500 |
Loan Amount | Up to Rs.5 lakh | Up to Rs.50,000 | Up to Rs.2 lakh |
Lowest EMI per Lakh | Rs.3,319 | Rs.3,319 | Rs.3,319 |
Pre-Payment/ Foreclosure Charges | Up to 2% | Up to 2% | Up to 2% |
Overdue EMI Interest | 2% p.a. | 2% p.a. | 2% p.a. |
There are many factors that affect your Nainital Bank Personal Loan, some of which are mentioned below:
The fees and charges which are applicable to Nainital Bank Personal Loan are as follows:
There are a number of online EMI calculators which can be used to calculate the effective EMI amount. You can use the BankBazaar Personal Loan EMI Calculator to find out the EMI amount. All you need to do is fill up the fields with the required information such as loan amount, processing fee, rate of interest, and loan repayment tenure in months. Once you have filled up the details, click on the 'Calculate' button and BankBazaar will show you the breakup of your loan accordingly.
You can avail a loan amount of up to 2 times your average income of the last two years for which you have filed returns. However, this loan amount will be capped at Rs.5 lakh.
Salaried employees can avail a maximum loan of up to 15 times of their net take-home monthly salary, subject to a maximum of Rs.3 lakh. However, this amount can go up to Rs.5 lakh for high-income drawing government and PSU employees.
If you are an insurance agent who wants to take a personal loan through Nainital Bank, the maximum loan amount that you would be eligible for will be equal to the average of the commission that you have received in the last 2 financial years. However, this amount will be subject to a maximum of Rs.2 lakh.
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
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