Personal Loan

Yes, you can prepay or foreclose your Personal Loan after the payment of at least one EMI. However, charges (and taxes) will be applicable for foreclosing a personal loan.

No part prepayment is allowed. For prepayment of your Personal Loan, please visit the nearest NCB Bank branch. We request you to carry the following documents to complete the process:

• Request letter signed by the loan applicant

• PAN Card (if the mode of payment is cash and the amount is more than Rs 50,000)

• Payment can be made through cash, cheque or demand draft.

For prepayment of your Personal Loan, please visit the nearest NCB Bank Asset Servicing Branch. We request you to carry the following documents to complete the process:

• Request Letter signed by the loan applicant

• PAN Card (if the mode of payment is cash and the amount is more than Rs 50,000)

• Payment can be made through cash, cheque or demand draft.

A processing fee is levied on loan, basis the defined pricing matrix followed by the bank. This fee will be deducted from the disbursal amount payable to you.

In case you are unable to visit our branch for prepayment of your loan, you can send your representative along with an authority letter duly signed by the loan applicant, for payment. The co-applicant or third party visiting the branch for closing the loan needs to carry the documents mentioned below:

• Main applicant Identification proof (Driving License or Passport or Voters card or PAN Card)

• Authorisation letter from main applicant.

Please click any of the links below or type your query if you don’t see the right option.

• Apply for Personal Loan

• Personal Loan EMI Calculator

• Personal Loan Eligibility Calculator

• Personal Loan Interest Rate

• Loans for Business

• Service Charges & Fees for Personal Loans

• Self employed individuals, Proprietors, Private Ltd. Co. and Partnership Firms involved in the business of Manufacturing, Trading or Services.

• The business should have a minimum turnover of Rs. 40 lakhs

• Individuals who have been in the current business for a minimum of 3 years, with 5 years total business experience.

• Those whose business has been profit making for the previous 2 years

• The business should have a Minimal Annual Income (ITR) of Rs. 1.5 lakhs per annum

• The applicant should be at least 21 years at the time of applying for the loan, and should be no older than 65 years at the time of loan maturity