2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which small finance bank launches personal loan facility for salaried individuals?
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Ujjivan Small Finance Bank
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Equitas Small Finance Bank
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Small Indus Development Finance Bank
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Jana Small Finance Bank
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Explanation:
Detailed explanation-1: -Jana Small Finance offers Personal Loan for Salaried Employees at attractive rates of interest.
Detailed explanation-2: -However, most banks and NBFCs limit a personal loan at Rs. 35 lakh to an individual. Lenders evaluate the monthly income of loan applicants and the potential growth in it before approving a loan. In most cases, individuals are eligible for a personal loan amount of up to 30 times their monthly income.
Detailed explanation-3: -Capital Small Finance Bank offers personal loans at competitive rates of interest. You can avail a loan of up to Rs. 5 lakh (on the basis of your eligibility) to meet your personal expenses. Rate of Interest-15.85% p.a.
There is 1 question to complete.