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Writer's pictureAmir Azam

How Mindtree Employees choose a personal loan?

If you plan your actions correctly, nothing would be able to deter you from achieving your goals. The same is true for salaried workers who want to plan a lavish wedding or travel to beautiful destinations around the world. They may also need funds to renovate their homes or for some other purpose. There are multiple banks and NBFCs offer personal loans for Mindtree Employees. In this article, we are going to discuss personal loans offered to Mindtree employees at a low-interest rate, flexible tenure, and other benefits.


HDFC Bank Personal Loan for Mindtree employees


HDFC Personal Loans for salaried workers are open to those who work in top corporations as well as those who work in a variety of industries. It provides a personal loan with interest rates ranging from 10.40% to 17.00% and a maximum term of 5 years. A transaction fee of 0.99% to 2.50% of the loan amount is charged by the bank. It has a fee of Rs. 1,999 as a minimum. See below for more information on HDFC personal loans for salaried workers:


HDFC Bank Personal Loan Eligibility Criteria

  • The salaried borrower must be at least 21 years old at the time of loan application.

  • The applicant's overall age does not exceed 60 years old.

  • Salaried employees must have a total of two years of work experience, with a limit of one year with their current employer.

  • If you already have a banking partnership with HDFC Bank, you might be eligible for a personal loan if you earn at least Rs. 25,000 per month. Otherwise, a minimum salary of Rs. 50,000 would be needed.

ICICI Bank personal loan for Mindtree employees


ICICI Bank is also a good choice for salaried workers, as the Mumbai-based private lender has enticing personal loan deals. The loan has an interest rate range of 10.75% to 17.50%. ICICI Bank provides personalized personal loan offers to salaried employees in top corporations and industries such as BFSI and Pharma.


ICICI Bank Personal Loan Eligibility Criteria

  • At the time of loan application, the borrower must be at least 23 years old. The overall age limit should be 58 years old.

  • The applicant's net monthly income should be between Rs. 17,500 and Rs. 25,000.

  • You must have a minimum of two years of work experience, including at least one year with your current employer.

SBI Personal Loan for Mindtree employees


Personal loans are available from the country's largest lender, State Bank of India (SBI), to defence staff, salaried employees who have a salary account with it or elsewhere. It provides a personal loan of up to Rs. 20 lakhs for a period of up to 6 years. The interest rates on SBI personal loans vary from 9.60% to 13.60%. However, the level of interest you will receive is determined by the section you are in. The key points show the interest rate on SBI Personal Loans for salaried employees.


SBI Personal Loan Eligibility Criteria

  • When applying for an SBI personal loan, you must be at least 21 years old. The applicant's overall age should not be more than 58 years old.

  • The needed minimum monthly income is Rs. 15,000 per month.

  • A minimum of two years of work experience is expected, with at least one year with the current organization.

Kotak Mahindra Personal Loan for Mindtree employees


Kotak Mahindra Bank is a bank based in Mumbai, India. Salaried employees may apply for personal loans with interest rates starting at 10.75%. What is the sum of the transaction fee? It varies between 0.99% and 2.25% p.a. of the total loan amount, plus GST. The range of interest rates and processing fees is shown above. They will differ depending on the type of business you work for, your salary, and the loan amount you take out.


Eligibility criteria of Kotak Mahindra Personal Loan

  • The salaried applicant must be at least 21 years old. The maximum age, on the other hand, does not exceed 58 years.

  • The appropriate minimum net monthly income is Rs. 40,000.

  • Employees with a minimum of six months of work experience are eligible for personal loans from the bank.

  • A graduate degree is required to obtain a personal loan.

YES Bank Personal Loan for Mindtree employees


YES Bank, like its private counterparts, is a major player in the personal loan market. Its competitive interest rates, low transaction fees, and lenient eligibility requirements are the reasons for this. The interest rates on personal loans at YES BANK start at 10.50% and above. You can borrow up to Rs. 20 lakh for 5 years. The processing fee is up to 2.50% of the loan amount, with a minimum of Rs. 100 including taxes.

YES Bank Personal Loan Eligibility Criteria

  • YES Bank provides personal loans to both public and private sector employees.

  • You should be between the age of 23 and 60 years.

  • The applicant's net monthly income should be at least Rs. 25,000.

  • You must have a minimum of two years of overall work experience, including at least six months with your current employer.

Conclusion


Choose one of these banks offering personal loans at an attractive rate of interest. With the help of the above-mentioned banks, you can apply for a personal loan. You can also take advice from Afinoz, if you are one of the salaried employees of Mindtree then compare and select from YES Bank Personal loan, Kotak Mahindra Bank personal loan, SBI Personal Loan, ICICI Bank Personal loan, and HDFC Bank Personal Loan.

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