If you are looking at a large investment or emergency purchase, perhaps some personal debt consolidation or simply making your dream aspiration a reality, SDB offers permanent employees flexible, quick and customized personal loan solutions to complement individual needs and income levels.

FEATURES AND BENEFITS
  • Top up facility - You can apply for a renewal of your Personal Loan, after repaying a part of the original Personal Loan obtained by you
  • You have a choice of fixed or floating interest rates.
  • Your loan will be processed within a maximum of three working days, after submitting the loan application with all required documents.
  • No guarantors required for professionals.
  • Easy and convenient application process
  • Repayment period up to 10 years (The maximum repayment period will depend on your age and remaining years of service.)
  • Loan protection cover 
  • Maximum loan amount is flexible, depending on your disposable income, repayment capacity and requirements
 
Eligibility
  • You need to be a confirmed employee of an organization (Government/Semi-Government/Reputed Private Sector Institution)
  • Your regular income/loan installment should be directed to an account at SDB bank
  • Should be aged between 18 and 60 years (depends on the employment conditions)
  • Minimum fixed salary should be Rs. 20,000/-, to apply for a Personal Loan.
Required Documents
  • A duly completed personal loan application
  • Employer’s letter of confirmation of employment
  • Employer’s undertaking to remit the salary/loan installment to your SDB bank account
  • Recent salary slips
  • Copy of a recent utility bill showing your name and permanent address or any other supporting document acceptable to the bank
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