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Barclays Bank Personal Loan |
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Presenting the hassle free Barclays Personal loan, easily available with flexible repayment options.
 Borrow up to Rs 17 lacs for any purpose depending on your requirements
Flexible repayment options, with tenors ranging from 12 to 84 months
Hassle free loans - no guarantor / security / collateral required
Speedy loan approval
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Loan processing charges |
Up to 2.5% of the principal amount of the loan.* |
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Interest on Personal loans |
As specified from time to time. |
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Cheque bounce charges: |
Rs. 500 |
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Late payment charges |
27% p.a. |
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Charge in case of failed ECS/direct debit payment: |
ECS: Rs. 500 for each failed payment.Direct debit: Rs. 500 for each failed direct debit from a Barclays bank account. |
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Charge for exchanging post-dated cheques, security cheques (per set) and changing ECS and direct debit payment: |
Rs. 500 |
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Pre-payment charges |
5% of the principal outstanding. Pre-payment is only permitted after six months from the date of first disbursement of the loan. |
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Cheque swap charges involving intercity transfer, entity change or substitution of liability |
Rs. 500 |
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* Terms & conditions apply
Please note: All loans will be at the sole discretion of BARCLAYS. The bank reserves the right to accept or reject any application. Terms and conditions for BARCLAYSPersonal loans are subject to RBI guidelines and / or bank policies and are subject to change without notice. Above mentioned charges are exclusive of service tax. |
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 Main Features ...
Barclays Finance offering competitive products and services to deliver superior value and more importantly suit customer needs. Barclays Finance offers Personal Loan with benefits like:-
Fast Processing
Simple Documentation
Small EMIs with longer tenure
Attractive Personal Loan Rate.
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Process & Eligibility...
Salaried individuals include employees of selected public and private limited companies,
 government sector employees including public sector undertakings and central, state an
local bodies.
Eligibility
- Minimum age of applicant: 21 years
- Maximum age of applicant at the time of loan maturity: 60 years
- Minimum gross monthly income: Rs 10,000 p.m.
Documentation required:
- Proof of identity: passport / photo PAN card / driving license / election id card / any id card issued by armed forces & public sector units (PSU) which has your photo and confirms your date of birth, signature & address.
- Address proof: Fixed line telephone bill (recent) / government or local authority bill / bank statement / driving license / passport copy / any id card issued by armed forces & public sector units (PSU) which has your photo and confirms your date of birth, signature & address.
- Latest 2 salary slips or latest salary certificate.
- Last 3 months bank statements.
Self-employed individuals include self-employed businessmen.
Eligibility
- Minimum age of applicant: 25 years
- Maximum age of applicant at the time of loan maturity: 65 years
- Minimum gross annual income: Rs. 1,00,000 p.a.
Documentation required:
- Proof of identity: passport / photo PAN card / driving license / election id card / any id card issued by armed forces & public sector units (PSU) which has your photo and confirms your date of birth, signature & address.
- Address proof: fixed line telephone bill (recent) / government or local authority bill / bank statement / driving license / passport copy / any id card issued by armed forces & public sector units (PSU) which has your photo and confirms your date of birth, signature & address.
- Latest 2 filed Income tax returns or last audited financials with e-return or income tax clearance certificate / assessment order.
- Last 6 months bank statements.
Self-employed professionals include self-employed doctors (MBBS, MD, BDS, MDS) and
chartered accountants.
Eligibility
- Minimum age of applicant: 25 years
- Maximum age of applicant at the time of loan maturity: 65 years
- Minimum gross annual income: Rs 1,00,000 p.a.
Documentation required:
- Proof of identity: passport / photo PAN card / driving license / election id card / any id card issued by armed forces & public sector units (PSU) which has your photo and confirms your date of birth, signature & address.
- Address proof: fixed Line telephone bill (recent) / government or local authority bill / bank statement / driving license / passport copy / any id card issued by armed forces & public sector units (PSU) which has your photo and confirms your date of birth, signature & address.
- Latest 2 filed Income tax returns or last audited financials with e-return or income tax clearance certificate / assessment order.
- Degree certificate & registration certificate.
- Last 6 months bank statements.
Please note: All loans will be at the sole discretion of BARCLAYS. The bank reserves the right to accept or reject any application. Terms and conditions for BARCLAYSPersonal loans are subject to RBI guidelines and / or bank policies and are subject to change without notice.
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FAQ...
This section answers some of the questions you may have about Barclays Personal loan. In case you need to know more, just email us and we shall have our representative over at your home or office to guide you through the application process.
| Who can apply for a Personal loan? |
- Salaried individuals between 21 and 60 years of age.
- Self-employed individuals between 25 and 65 years of age.
| How much can I borrow? |
The minimum loan amount is Rs. 40,000 and the maximum loan amount could be up to Rs. 1,700,000 based on the bank's qualifying criteria.
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| How do I repay my loan? |
At the time of loan disbursal, the bank will collect post dated cheques for your equated monthly installments (EMI) payments. An alternate method is through an ECS mandate, which is a direct debit from the customer's bank account.
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| Do I have an option of pre-paying my loan? |
Yes. Barclays offers you the flexibility of prepaying your entire loan by paying a foreclosure charge of 5% of your outstanding loan amount.
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| Are there any other special offers in store for me? |
Yes. If you are an existing Personal loan / credit card customer of select Banks / financial institutions, you could apply for our "Balance Consolidation Program" under which you could
- Pay off high cost Personal / consumer durable loans that you may have availed from other banks / financial institutions.
- Pay off your outstanding dues on your credit card.
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| How long will it take for my loan to be processed? |
| We shall do our best to inform you about the status of your loan application, usually within 4 to 7 working days from the date all documents / information, as required by the bank have been furnished by you. |
Please note: All loans will be at the sole discretion of BARCLAYS. The bank reserves the right to accept or reject any application. Terms and conditions for BARCLAYSPersonal loans are subject to RBI guidelines and / or bank policies and are subject to change without notice.
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| Latest News |
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27th April, 2010 |
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News Heading Will Here
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27th April, 2010 |
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