About North East Small Finance Bank Personal Loan
North East Small Finance Bank Limited operates as a subsidiary of RGVN (North East) Microfinance Limited. The bank is based in Guwahati, India. 
It is the only institution from Northeast India to receive this recognition to establish Small Finance Bank. It facilitates financial transactions to economically weaker strata of society. It provides services to small businesses, marginal farmers, and the unrecognized sector.
North East Small Finance 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
Click here to know more about - Salaried Applicant
Click here to know more about - Self-employed Applicant
*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 North East Small Finance Bank Personal Loan
North East Small Finance Bank Personal Loan Approval Process
- The loan application is received by the bank. The information you provided in the application form will thereafter be verified by the bank. Details available with the bank, such as bank statements, salary deposits, and any or all EMIs deducted from your account, will be checked instantly.
- The bank will then verify the information you provided in the application form concerning your identity. The bank will complete the KYC process here. You may be required to visit the bank with the originals of the documents submitted with your application form.
- The bank may send an executive to your home or office to confirm the address you provided on the application form. The bank may also cross-check your employment information with your employer.
- After the verification process is completed, the bank will check your creditworthiness. It will first check your credit score. The bank will determine your loan eligibility with your IT return.
- If you have a credit score that is higher than 750, your loan will be approved immediately.
- The loan amount and tenure will be decided based on your credit score, age, annual income, salary growth prospects and the number of years left in service.
- Once your loan is accepted, you will have to pay the processing fee.
Steps to Apply for North East Small Finance Bank Personal Loan
- Visit the official website of Dialabank.
- Fill in the personal, professional, and financial information requested by the lender and submit the form.
- After you submit the application form, Dialabank will verify your eligibility and advise you of the maximum amount you are eligible to receive.
- If you agree to process the application, you must submit the relevant documents, which can also be uploaded online.
- Finally, Dialabank will process your documents, and if the loan is approved, the funds will be transferred into your Bank account instantly.
North East Small Finance Bank Personal Loan Approval Process FAQs
✅ What are the documents required to apply for a personal loan?
As it offers a collateral-free advance, application for a personal loan generally involves ascertaining the applicant’s need/eligibility of funds and their repayment capacity. As such to be eligible for a Personal Loan applicants must generally be salaried individuals and share documents confirming their personal and professional details. Including but not restricted to:
- KYC Documents (proof of the applicant’s age, nationality, etc.)
- Documents declaring the continued employment for the applicant
- A duly filled loan application form.
