As a bank employee, you may benefit from certain advantages when applying for personal loans. Lenders often consider the stable income and employment profile associated with bank jobs, which can lead to competitive interest rates, flexible repayment options, and simpler documentation requirements. 

Whether you require funds for personal expenses, such as a wedding or higher education, or to address unexpected financial needs, a personal loan could be a viable solution.

Personal Loan Lenders available on Bajaj Markets

Lender

Starting Interest Rate

Processing Fee

Loan Amount

Tenure

InCred

16.00% p.a.

2% to 5% of the sanctioned amount

₹10,000 to ₹10 Lakhs

Up to 72 months

Kissht

14.00% p.a.

3% to 5% of the loan amount

₹5,000 to  ₹4 Lakhs

6 months to 24 months

Federal Bank

11.00% p.a.

0.70% to 2.80% of the loan amount + 18% GST

₹50,000 to ₹5 Lakhs

Up to 12 months

mPokket

24.00% p.a.

₹50 to ₹200 + 18% GST (maximum APR of 48%)

₹500 to ₹45,000

Up to 90 days

Bajaj Finance

10.00% p.a.

Up to 3.93% of the loan amount (Inclusive of applicable taxes)

₹50,000 to ₹35 Lakhs

12 months to 96 months

CASHe

2.79% p.m.

Up to 5.5% of the loan amount + GST 

₹50,000 to ₹3 Lakhs

9 months to 18 months

Fibe

14.00% p.a.

Up to 2% of the loan amount

₹50,000 to ₹5 Lakhs

Up to 36 months

Finnable

15.95% p.a.

Up to 3% of the loan amount

₹20,000 to ₹10 Lakhs

Up to 60 months

Muthoot Finance

14.50% p.a.

2% to 4% of the loan amount

₹50,000 to ₹10 Lakhs

Up to 60 months

IIFL Finance

18% p.a.

2% to 6% of the loan amount + GST

₹70,000 to ₹5 Lakhs

Up to 24 months

Kotak Mahindra Bank

10.99% p.a.

Up to 1.50% of the loan amount + GST

₹50,000 to ₹40 Lakhs

24 months to 72 months

KreditBee

14.00% p.a.

Up to 3% of the loan amount

₹1,200 to ₹5 Lakhs

Up to 24 months

L&T Finance

12.00% p.a.

Up to 2% of the loan amount + GST

₹50,000 to 7 Lakhs

Up to 48 months

MoneyTap

18.00% p.a.

5% to 10% of the loan amount

₹5,000 to ₹5 Lakhs

3 months to 36 months

moneyview

1.33% p.m.

Starts from 2% of the approved loan amount

₹30,000 to ₹10 Lakhs 

Up to 60 months

YES BANK

12.50% p.a.

1.15% to 2.75% of the loan amount

₹1 Lakh to ₹50 Lakhs

12 months to 72 months

Zype

18.00% p.a.

2% to 6% of the loan amount

₹3,000 to ₹5 Lakhs

6 months to 12 months

Olyv

18.00% p.a.

2% to 12% of the loan amount

₹1,000 to ₹1 Lakh

2 months to 12 months

PaySense

15.00% p.a.

2% to 2.5% of the loan amount + GST or ₹500 + GST (whichever is higher)

₹5,000 to ₹5 Lakhs

Up to 60 months

Privo 

9.99% p.a.

1% to 3% of the loan amount + GST

₹2 Lakhs to ₹5 Lakhs

6 months to 60 months

SMFG India Credit

12.00% p.a.

0% to 6% of the loan amount

₹50,000 to ₹25 Lakhs

Up to 60 months

Upwards

1.5% p.m.

Up to 4% of the loan amount

₹25,000 to ₹5 Lakhs

Up to 36 months

*Disclaimer: The mentioned details are subject to change at the lender’s discretion.

Eligibility Criteria for Personal Loan

To secure a personal loan as a bank employee, you may need to meet specific eligibility conditions. 

Common criteria include:

  • Citizenship of India is mandatory

  • Employment type: salaried or self-employed

  • Minimum age: 18 years

  • Earnings: at least ₹10,000 per month

  • Should have one year of professional experience

  • Required CIBIL score: 600 or above

Keep in mind that these criteria may vary between lenders. It is advisable to check the exact requirements provided by your chosen financial institution before proceeding with the application.

Documents Required for Personal Loan

When applying for a personal loan, you’ll typically need to submit the following documents:

Identity Proof: Any one document from the following list:

  • PAN Card

  • Aadhaar Card

  • Voter ID Card

  • Passport

  • Driving Licence

Address Proof: Provide any of the following:

  • Voter ID Card

  • Aadhaar Card

  • Passport

  • Driving Licence

  • Electricity or Telephone Bill

Income Proof: Submit bank statements or salary slips for the previous three months

Photographs: Two recent passport-sized photos

How to Apply for Personal Loan on Bajaj Markets

To apply for a personal loan, follow these simple steps:

  1. Click on the ‘Check Eligibility’ option available on the page

  2. Fill in your personal details and income-related information

  3. Specify your desired loan amount and repayment tenure

  4. Review all the information carefully and submit the application form online

Once your application is submitted, it will be reviewed by the lenders. They will contact you for verification and guide you through the next steps.

Conclusion

A personal loan for bank employees offers a convenient and flexible way to manage your financial requirements, whether for personal milestones or unexpected expenses. With tailored eligibility criteria and minimal documentation, it ensures a hassle-free borrowing experience. 

By understanding the process and gathering the required documents beforehand, you can streamline your application and secure the funds you need with ease. Always compare lenders and loan terms to make an informed decision that aligns with your financial goals.

Avail Instant Personal Loans ✓ Loan up to 50 Lakhs ✓ Quick Disbursal ✓ Minimum Documentation! Apply Now
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