About Manipur Rural Bank Personal Loan

Would you want to apply for a personal loan? Then you’re at the right place since Manipur Rural BankPersonal Loan Approval Process presently provides clients personal loans with the finest discounts and deals, which will be very beneficial to them. The Dialabank Personal Loan homepage also has information about personal loans. In addition, Dialabank’s official website lists a variety of lending options.

Customers with a solid credit history and an account with Gramin Bank are eligible for low-interest pre-approved personal loans.

You may also complete your KYC and submit your papers digitally using Gramin Bank’s online application.

By accessing the bank’s website, you can keep track of your Punjab Gramin Bank personal loan application status in real-time.

Manipur Rural Bank Personal Loan Eligibility

Particulars	Salaried	Self-Employed
Age	21 – 60 years	21 – 65 years
Minimum Income	Rs.15,000*	Rs.5 Lakh p.a.
Co-applicant	Not mandatory	Not mandatory
Loan Tenure	12 – 60 months	12 – 60 months
Maximum Loan Amount	Rs.40 Lakh	Rs.40 Lakh
Employment Type	Employees of private limited companies and public sector undertakings	Self-employed individuals
Employment/Business Continuity	At least 2 years; minimum 1 year with current employer	4 years Post Qualification experience for Doctors/ Chartered Accountants. 5 years Post Qualification experience for Company Secretary / Architect.
CIBIL Score	750 and above	750 and above
Residential Status	Resident Indian staying in own house or a rented house

*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000

*Note: The eligibility criteria vary from lender to lender.

Check Personal Loan Eligibility with Top Lenders in 2021

Bank	Age Limit	Minimum Work Experience	Minimum Income (Per Month)
SBI	Up to 76 years	NA**	Rs.15,000
HDFC	21 to 60 years	2 years	Rs. 20,000
Private	23 to 58 years	2 to 5 years	Rs.17,500
Axis	21 to 60 years	NA**	Rs.15,000
Kotak Mahindra	22 to 55 years	1 year	Rs.25,000
Tata Capital	21 to 58 years	1 year	Rs.15,000
IndusInd	21 to 60 years	2 to 5 years	Rs.25,000
Ujjivan Small Finance	22 to 58 years	NA**	Above the minimum wage limit
India Infoline Finance Limited	25 to 60 years	6 months to 2 years	Rs.35,000
HDBFS	21 to 65 years	1 year to 3 years	Rs.15,000 for salaried Rs.1 lakh p.a. for self-employed
Indian Overseas Bank	Up to 58 years	NA*	Rs.5,000
IDFC First Bank	23 to 68 years	3 years	NA*
Federal Bank	21 – 55 Years	3 years	Rs.25,000
Punjab National Bank	21 – 58 years	2 years for doctors	Rs.15,000
Andhra Bank	21 – 55 years	NA**	NA*
Canara Bank	NA**	NA**	Salaried: Rs.6,000 & above Self-employed – Rs. 1.5 lakh
IDBI Bank	Up to 75 years for Pensioners	NA**	Rs.1.5 lakh p.a.
Fullerton India	21 to 55 years	1 to 2 years	Rs.15,000
RBL Bank	25 to 60 years	1 to 3 years	Rs.25,000
Bank of Baroda	21 to 60 years	1 year to 2 years	60% of gross monthly income
Deutsche Bank	25 to 60 years	NA**	Rs.25,000
Karnataka Bank	NA**	3 years	NA*
United Bank of India	up to 75 Years	2 years	NA*
UCO Bank	21 to 65 years	1 year to 5 years	Rs.20,000

*Personal loan disbursal is solely at the bank’s discretion and as per the bank’s terms and conditions

Learn More about Personal Loan: Click Here

Documents Required for Manipur Rural Bank Personal Loan

List of Documents Required for Salaried Applicants

Salaried individuals must submit the following documents in addition to a completed personal loan application form:

Photo Identity Proof (Any one)	Passport PAN Card Voter’s ID Aadhar Card Driving License
Address Proof (Any one)	Passport Utility Bill (telephone, electricity, water, gas) – less than 2 months old Aadhaar Card Driving License Ration Card
Income Proof	Salary slips (Last 3 months) Bank statements for the last 3 to 6 months (showing salary credit)
Tax Paid (Any one	IT returns (for 2 years) Form 16
Residence Ownership Proof (Any one)	Property documents Maintenance bill Electricity bill
Proof of Job Continuity (Any one)	Current employment certificate Current job appointment letter (if more than 2 years have been spent in the same organisation) Experience certificate (previous employer’s relieving or appointment letter along with job certificate)
Proof of Investment (if any)	Fixed assets, fixed deposit, shares, etc.
Existing Loans (if any)	Payment Track Record & Sanction letter
Photograph	One coloured passport size photograph

List of Documents Required for Self-employed Applicants

Self-employed personal loan applicants must submit the following documents in addition to a fully completed loan application form:

Photo Identity Proof (Any one)	Passport PAN Card Voter’s ID Aadhaar Card Driving License
Address Proof (Any one)	Passport Aadhaar Card Driving License Utility Bill (telephone, water, electricity, gas) – less than 2 months old Ration Card
Proof of Residence Ownership (Any one)	Property documents Maintenance bill Electricity bill
Proof of Office Address and Ownership (Any one)	Maintenance bill Property documents Electricity bill
Proof of Business Existence (Any one)	Copy of GST registration Company registration license Shop establishment proof
Income Proof	Last 2 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable
Bank statement	Savings/current account bank statement/ bank passbook for the past one year
Proof of Investment (in case any)	Investments such as fixed deposit, fixed assets, shares, etc.
Existing Loans (in case any)	Payment Track Record and sanction letter
Professional Degree Certificate	In case of professionals
Photograph	One coloured passport size photograph

List of Documents Required for NRI Applicants

When applying for a personal loan, NRI candidates are typically required to submit the following documents:

Identity Proof	Copy of the passport Copy of the visa
Employment Proof	Letter of Appointment Job contract Labour/ Identity card (if applicable) Official email ID or the HR’s email ID
Income Proof	Last 6 months’ bank statements Last 6 months’ salary slips or salary certificate
Photograph	Passport size photographs

List of Documents Required for Pensioners

When applying for a personal loan, a pensioner must submit the following documents:

Identity/Age Proof (Any one)	Ration card Passport PAN card Aadhar card Voter ID card Driving licence Birth certificate School leaving certificate
Address Proof (Any one)	Passport Aadhaar card Utility bills Ration card Driving licence
Income Proof (Any one)	Last 6 months’ bank statements/salary slips Bank passbook Form 16 Copy of pension payment order Income tax returns
Photographs	Passport size photographs

Know More About: Personal Loan Eligibility Criteria

Manipur Rural Bank Personal Loan Approval Process

When you apply for a personal loan, firstly, you must fulfil the following personal loan eligibility criteria:

Age: You must be aged a minimum of 21 years when applying for the loan and below 65 years when the loan matures.
Occupation: You could either be a salaried individual working with a reputed MNC/government organization/private company or self-employed.
Nationality: You must be an Indian resident.
CIBIL score: Your CIBIL Score should be 750 or above.
Income: Your minimum monthly income should be at least Rs. 25,000.
Work experience: You must have work experience of at least two years, with at least one year with the current employer.

Once you meet the above eligibility criteria (that may vary from lender to lender), you must furnish the following set of documents for a personal loan (documents requirement may also vary from lender to lender):

Personal loan application form (duly filled & signed) with two recent passport-sized photographs.
Identity proof: Driving license, Aadhaar Card, Voter ID, Passport, PAN Card, etc.
Address proof: Driving license, Aadhaar Card, Voter ID, Passport, Leave & License Agreement, recent Utility Bill, etc.
Income proof for salaried: Salary slips of last two months or current dated salary certificate, latest Form 16, bank account statements of last three months of your salary account or passbook of previous six months.
Income proof for self-employed: Income proof, bank account statements of last six months of the current account.
Other documents for self-employed: Office address proof, proof of residence/office ownership, and proof of business continuity.

Steps to Apply for Manipur Rural Bank Personal Loan

If you intend to apply for a personal loan at Manipur rural bank, then you can refer to the following steps:-

Visit the Manipur Rural bank Official Website and fill out the contact us form; after 24-48 hours, the bank executives will get in touch with you depending on your eligibility and loan worthiness.
Visit the nearest branch of Manipur Rural Bank and talk to the loan section officer.
Once the loan verification and document submission are completed, your loan will move to the process stage, and then, depending on your CIBIL Score, your loan will get sanctioned.

Manipur Rural Bank Personal Loan Approval Process FAQs

✅ How does a personal loan work?

A personal loan is a financial product offered by various banks to its customers depending on their relationship with them. Usually, banks provide easy and fast personal loans to individuals with good credit histories.

✅ What is an EMI?

EMI stands for Easy Monthly Installments. It is a facility provided by the banks to repay the loan.

✅ What is a credit score? Why is it important?

A Credit score is provided by the credit bureau, which depending on your transaction history, banks officially use for analyzing risk profiles of the individual.