About Telangana Bank Personal Loan

Are you on the lookout for a Personal Loan? If that’s the case, you’ve come to the correct place. Telangana Bank offers a variety of low-interest incentives, offers, and discounts to its consumers. Visit Dialabank’s official website to learn more about the personal loan process. Dialabank is a financial services hotline that can help you with specifics and the entire documentation process.

Telangana 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

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Documents Required for Telangana 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

Telangana Bank Personal Loan Approval Process

Following the completion of your loan application and submission to the lender or bank, you must go through the following approval process:

Your salary deposits, bank statements, and whatever financial papers you supply will be scrutinised by the bank.
Your identity papers will be verified by the bank depending on your application.
The lender will then check your CIBIL credit score to determine your creditworthiness.
If your credit score is below 750, your loan application may be denied; therefore, your credit score should be at least 750.
Your credit score is important since it determines your eligibility for a loan, and a high score boosts your chances of acquiring one.
Your credit score, annual income, age, and other factors will influence the length of your loan and the amount you borrow.
Your loan and the amount will be granted based on all of these factors.

Steps to Apply for Telangana Bank Personal Loan

The following are the processes to apply for a Personal Loan with Telangana Bank:

Personal loans can be applied for in two ways: online or in person. To use the online approach, go to Telangana Bank’s official website. If you are unable to apply online, go to the bank’s nearest branch.
The agent will explain the loan rates, eligibility, terms, processing fees, and other clauses once you arrive at the nearest branch.
Now you need to fill in all the personal, professional and financial details the lender has asked for and then you need to submit the form.
Once you’ve submitted the form, the bank will review the information you’ve supplied, including your eligibility and available funds.
If the bank approves your application, you’ll be requested to submit the required documentation. You can also put it on the internet.
After that, the bank will process your documents. Your bank account will now get the fun after the loan has been approved.

Telangana Bank Personal Loan Approval Process FAQs

✅ What is the maximum age for getting a Personal Loan from Telangana Bank?

Telangana Bank’s maximum age for obtaining a personal loan is 54 years.

✅ What is the maximum loan amount for Telangana Bank Personal Loan?

The personal loan scheme of Telangana Bank allows you to borrow a maximum of Rs. 2 lakhs.

✅ What are the documents required for Telangana Bank Personal Loan?

For a personal loan from Telangana Bank, you’ll need an Aadhaar card/Voter ID, a PAN card, the previous six months’ salary slips, the last two years’ ITR files, and two recently taken pictures.