Corporation Bank Personal Loan

The Purpose of corporation bank personal loan

is to meet any genuine personal expenses relating to family functions, education, travel, marriage, medical etc.

The loans are both for salaried and self employed.
The Loan tenure is 1 yr – 5 yrs.

Loan amount = 12 times the take-home pay In the case of Salaried.
25% of the gross annual income in the case of self-employed.

Personal loan Interest Rate -14.50% p.a. w.e.f 04.05.2009
13.50% where salary is routed & undertaking letter is available).

Service Charges- 1.50% of the loan amount subject to a minimum of Rs.500/-

GE Money

Personal Loans: Say Yes to all your needs.

There’s an outstanding credit payment bothering you?

You want to take your family for a holiday to an international destination!

Your daughter wants to go abroad for her education?

Knock-off all these worries from your mind.

GE Money says Yes! to making it possible for you. GE Money Personal Loan offers you easy access to money with minimum documentation, and offers you maximum benefits:

• Customised loan options for both salaried and self-employed individuals
• Higher loan amounts
• Competitive rates
• Easy documentation options
• Insurance protection on your loan
• Quick processing

A few documents for Personal Loans and your wish will be granted.

Only GE Money offers you flexibility and options in terms of documents required. You can apply for a GE Money Personal Loan without any form of security or guarantor. Apply for a GE Money Personal Loan today. Just a few documents and you are about to fulfill all your needs.

• Age Proof
• Signature and ID Proof
• Residence Proof
• As Income Proof
• Alternate Documents

Age Proof (Choose One)

• Date of birth Certificate
• Passport
• PAN Card
• Laminated Driving License

Signature and ID Proof (Choose One)

• Banker’s photo verification
• Live Passport
• Live Laminated Driving License
• Live Photo Credit Card
• Employer’s ID (reputed companies and govt.)
• PAN CARD

Residence Proof (Choose One)

• Latest Telephone Bill
• Latest Electricity Bill
• Latest Water Bill
• Latest Gas Bill
• Latest Insurance Premium Receipt
• Laminated Driving License
• Election Card
• Passport
• Rent/Lease Agreement
• Allotment Letter (in case of govt. accommodation)
• Sale Deed

As Income Proof

- Salaried Individuals

• Salary slip/Salary certificate for last 3 months
• Complete 3 months bank statement required
• Bank Statement Verification Authorization letter duly signed by the applicant

- Self-employed Individuals

• ITR for 2005-06 & 2004-05 with computation of income & Complete audited financials
• In case of a Partner/Director, complete financials of the partnership/company to be in file
• Complete 6 months bank stmt required
• Bank Statement Verification Authorization letter duly signed by the applicant

In case you are not comfortable sharing your income documents, you can choose to submit the following as Alternate Documents: (only for Self Employed)

• Schedule + 12 months of bank statements OR 12 months Repayment Track from Approved Financier with 6 months bank statement showing 6 EMI debits.
• Photocopy of RC in case of auto loan surrogate. In case of Top up, please give proof of loan continuity.
• In case you would like to give cheques from a different a/c, complete 6 months bank statement for the same account is required
• Bank Statement Verification Authorization letter duly signed by you
• Valid Business ownership Proof

In select cities you could also provide us the last 3 months credit card statements along with your bank statements & business ownership proof.