Thinking of availing a Personal Loan to pare down your debts?

Take a look at CSB Bank Personal Loan to consolidate your debts

CSB Bank Personal Loan

This loan scheme, previously known as CSB Salary Plus and CSB Easy Cash, helps salaried employees of reputed organisations with at least three years of confirmed service, get funds to meet their personal needs. This loan can be availed to meet expenses such as those for a child’s wedding, domestic and foreign travel, medical emergency, consolidation of debts, etc.

Features of CSB Bank Personal Loan

Why this Loan?

  • The CSB Bank Personal Loan is designed to help CSB Bank account holders get financial assistance to meet their personal needs. Borrowers can also avail this loan scheme to pay off their debts
  • This is an unsecured loan, meaning you don’t have to offer any collateral to get the loan
  • The bank also offers specialised personal loan schemes for doctors, engineers, CAs, lawyers, senior citizens, women, etc. We suggest talking to a bank representative to get more information about these special schemes since the details are not mentioned on the bank’s website

Loan Amount

  • The maximum loan amount offered under this loan scheme is up to 10 times of gross monthly salary of the borrower

Interest

  • As of October 2020, the interest rate for this loan can range anywhere from 12.50% to 25.00%

Repayment


  • This loan must be repaid within 5 years

Eligibility

  • Confirmed/permanent salaried employees of reputed organisations with at least three years of confirmed service are eligible for this loan

Security Needed

  • This is a collateral-free loan
  • The bank asks for personal guarantee of one confirmed employee at the organisation

Documents Needed


  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Salary account details

Reference Facts:

  • CSB Bank Website: www.csb.co.in and www.csbnet.co.in (net banking)
  • Headquarters: Thrissur, Kerala
  • Call Centre Toll-Free Number: 1800 266 9090, 0422 6612300, 0422 2228422