NRBC Bank Life Style Loan

NRBC Bank Life Style Loan

Interest Calculation

If you plan to get married or indulge in an exotic vacation or renovate your dwelling or meet up emergency payments to uphold your life style, you can do all these and more without worrying about where the money will come from. NRBC Bank Life Style Loan is designed to address diverse financial needs in an easy and convenient manner.

Features

You can avail between 50,000-20 Lac

  • Collateral free flexible financing solution
  • Income aggregation is allowed in case of joint application with spouse.
  • Top Up facility in need of additional finance .
  • No early settlement fee on maximum 25% of principal settlement
  • Minimal documentation and hassle-free application .

Eligibility and other requirements

For Salaried executives

  • Letter of Introduction
  • Salary Certificate/Pay Slip
  • Last 6 (Six) months bank statement of salary account

For Self-employed/professionals

  • Copy of Certificate of professional degree
  • Copy of Membership Certificate with respective professional association
  • Last 12 months bank statement

For Business person

  • Valid Trade License
  • Trade License of last 3 years
  • Last 12 months bank statement
  • Registered Partnership deed for partnership firm
  • Certificate of incorporation, schedule X and form XII for limited liability company
  • Memorandum & Article of Association for limited liability company
  • Copy of Utility Bill of Business Address

For land owners

  • Rental Income generating property related documents – Valid
  • Rental Deed, Title Deed, Mutation, Land Development Tax (Khajna), Building plan and approval copy
  • Age Minimum : 22 Years
  • Maximum : 60 years (For Salaried), 65 Years (For Others)

Mandatory documents

Duly completed & signed application form

Photocopy of valid photo id (NID/Passport)

Passport sized recent photograph

Photocopy of Latest TIN certificate

Copy of Utility Bill of Residence Address

Sanction letter(s) of all other loan(s) (If any)

Ownership documents of the property

Letter of allotment/ byna Deed

Price/renovation quotation