Personal loans

What is CSB Bank Personal Loan?

CSB Bank Personal loans are Term Loan to Salaried individuals & working professionals for a specified sum of money repayable over a pre-determined period of time. There is no collateral or Security deposits are required. Rate of Interest is fixed in nature which remains unchanged throughout tenure of the Loan.

Features of Personal Loan:

Is given to salaried individuals
Loan Amount - Minimum Rs. 75,000 to Maximum Rs. 40* Lacs.
Flexible Repayment options, ranging from 12 to 72* months.
Competitive pricing / Rate of Interest (ROI) in industry.
Repayment is done through monthly EMIs
Hassle free loans - No Guarantor / Security / Collateral required.

Why CSB Bank Personal Loan?

Tailor made loan offering for affluent customer segments as per company category (Max up to 40* Lacs)
Balance Transfer Facility Available
Higher Loan Multiplier basis company category and salary bracket for applicant
Less Documentations & Speedy loan approval.
Attractive rates for salaried customers & Doctors

Uses of Personal Loan:

Customers can avail personal loan for any personal expenditure, such as:

Education
Holiday
House renovation
Down payment or margin money for flat purchase
Medical expenses
Marriage expenses
Purchase of assets
Other personal expenses

Personal loan eligibility criteria for Salaried Applicants:

The following applicants are eligible to apply for a Personal Loan:

Employees of private limited companies, employees from public sector undertakings, including central, state and local bodies
Individuals between 23 and 60 years of age
Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
Those who earn a minimum of 15,000 net income per month.

Personal Loan EMI Calculator

CSB Bank’s personal loan EMI calculator helps borrowers determine the monthly EMI amount required to repay a personal loan. The online calculator considers essential parameters such as loan amount, tenure, and interest rate to compute the EMI for individuals borrowing from the bank.

Equated Monthly Installment (EMI)

0 INR

Disclaimer

CSB Bank does not guarantee the accuracy, completeness, or correctness of any details or data provided herein. Users rely on this information at their own risk and should exercise due care, including seeking professional advice if necessary. CSB Bank is not responsible for updating any data or for any claims arising from the use of this information, whether in contract, tort (including negligence), or otherwise. Neither CSB Bank nor its agents, licensors, or group companies shall be liable to users or any third parties for any direct, indirect, incidental, special, or consequential damages, including, but not limited to, loss of profit, business opportunities, or goodwill

Personal Loan FAQ’s

What is EMI?

EMI stands for Equated Monthly Instalments. This instalment comprises both principal and interest components. Use the EMI calculator (along with this mail) to find out monthly payments based on the loan amount, the rate of interest and the repayment period.
P.S. Choose the combination that best meets customer’s financial resources and requirements.

How do we calculate EMI?

Formula of EMI : P X R X [(1+R)^N] /[(1+R)^N-1]
P= Principal or loan amount
R= Rate of Interest
N= Tenure ( loan terms in numbers of years)
EMI includes two major parameters- Principal and Interest. At Initial loan tenure, the Interest amount is higher and will progressively will get low. Further end of tenure, the principal amount proportion is large in EMI.