What is personal loan?
A personal loan is an unsecured loan. It helps you meet your urgent money needs. Therefore, there is no need to give a security. We give the best loan offers on personal loan for Civil Defence personnel at www.lendingwale.com . So, Apply online to book your personal loan now.
Civil defence or civil protection is an effort to protect the citizens of a state from military attacks and natural disasters. It uses the principles of emergency operations: prevention, mitigation, preparation, response, or emergency evacuation and recovery.
What is the eligibility for a personal loan for Civil Defence personnel ?
|Age Criteria||25 – 76 years of age.|
|Service||A service record of at least 6 months.|
|Income||The net salary 25k month on month.|
The applicant should draw the minimum salary required for a period of 6 months.
|Account||Except for HDFC Bank, the applicant must be an account holder in the|
particular bank that he applies to.
|Credit score||First time loan applicants (some banks) & customers with a good credit history are eligible.|
|Loan amount||Maximum cap on loan amount can be decided as per salary or age of applicant.|
Upto 30 lacs.
What are the documents needed for a personal loan?
|Identity Proof||Passport; PAN or Aadhar Card;Voter ID; Driving license. |
|Residence Proof||Passport; Driving License; Voter ID; Rent agreement; Electricity bill.|
|Income Proof||Last 3 months’ income slip + 6 months’ bank statement. |
Form 16(1 year)
Copy Of service certificate.
|Age Proof||Passport; PAN Card; Birth Cert.; Employee ID Card|
What are the benefits for Civil Defence personnel employees?
|Interest rates start @10.99%*.|
|Tenure– 12-60 months.|
|Pensioners: Banks offer loans for pensioners at lowest rates. |
Maximum age limit is 76 years; loan tenure is 5 years.
Zero processing fee for defence pensioners in SBI and HDFC.
A fixed Rate of Interest is charged @ monthly reducing balance. The EMI remains constant for the tenure granted. The payment of the personal loan is by deduction through ECS from the salary account on a fixed date for the entire tenure. Pre closure & part payment facilities are applicable as per the bank policy.
Fees and Charges
|Interest Rates||10.99% – 18% (Varies from bank to bank)|
|Processing charges||NIL to 2% (Varies from bank to bank)|
|Pre-closure charges||NIL to 5%. (Varies from bank to bank)|
It is allowed after Payment of 1 EMI in Axis Bank, 6 in ICICI and 12 in HDFC.