Dearo Personal Loans

So many of your needs may seem beyond your reach, but a Personal Loan from Dearo Investment is the easiest way to have the lifestyle you preferred.

Eligibility

You should be aged between 18 and 60 years.
You need to be a permanent employee of an organization acceptable to the Bank, and your salary must be remitted to any bank account for at least 3 months.
Minimum salary or your regular monthly net income should be Rs 75,000/-, to apply for a Personal Loan.
The loan should be fully repaid before the date of retirement.
Your regular income should be directed to an account at Commercial Bank (which could be opened for this purpose) from which the monthly payments could be deducted.

Repayment

You have the option of choosing between an equated or a reducing balance payment schemes.
Maximum repayment period of Personal Loans is 5 years. The maximum repayment period will depend on your age and remaining years of service.

Documents Required

• Loan application.
• Letter from the employer confirming Employment, Salary & Deductions with the undertaking to the account at Commercial Bank.
• Bank statements of other banks for the past 06 months, where salary is being credited at present.
• Salary slips for past 03 months.
• Copy of National Identity Card/ Valid Passport/ Valid Driving License.
• Address verification documents indicating applicant’s name and address (if applicable).
• Guarantor Statements (if applicable).
• Copy of National Identity Card of the Guarantor (if applicable).
• Copy of latest salary slip of the Guarantor (if applicable).
• Address verification documents indicating Guarantor's name and address (if applicable).
• Documentary Evidence regarding any Higher Educational / Professional qualifications (If available).