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
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
Loan Amount
Minimum 50,000
Maximum 20 Lac
Eligibility
Loan offered to diversified professionals including salaried individuals, businesspersons, practitioners and Landlords.
Salaried: Serving in any reputed organization
Businessperson : Having at least 3 years of experience in same business
Practitioners : Engaged in private practice with at least 3 years involvement in same profession
Landlords: Landlords with sufficient rental income from properties
Required Documents
Common for all segments:
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
Salaried Individual:
Letter of Introduction
Salary Certificate/Pay Slip
Last 6 (Six) months bank statement of salary account
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
Private Practice:
Copy of Certificate of professional degree
Copy of Membership Certificate with respective professional association