AL HABIB Personal Loan

A personal loan is an unsecured term loan provided by the bank that an individual can use as per his/her personal need. A personal loan unlike a home or car loan do not require lock in of any collateral by the applicant.

LOAN ELIGIBILITY

Age Requirement: Applicants should be aged between 18 to 55 years.

Business Vintage: The business must have a minimum operational history (vintage) of 1-2 years.

Minimum Annual Turnover: Minimum annual turnover as reflected in the Income Tax Return (ITR) is mandatory.

Profit-Making Criteria: The business should have been profit-making for at least the last 1 year.

DOCUMENT REQUIRED

Proof of Address

Photo Identity Proof of the Promoters

Business Proof

Income Proof

Partnership Deed (for Partnership Firm)

Articles of Association (AoA)

Memorandum of Association (MoA)

Board Resolution

PAN Card