How to Get a Personal Loan from Jana Small Finance Bank in 2023

Personal loans are one of the most popular and convenient ways to meet your immediate financial needs. Whether you want to renovate your home, buy a new vehicle, fund your education, or start a new business, a personal loan can help you achieve your goals.

But how do you get a personal loan from a reliable and trustworthy lender? If you are looking for a personal loan provider that offers low interest rates, flexible repayment options, and hassle-free documentation, then you should consider Jana Small Finance Bank.

Jana Small Finance Bank is a leading digitized bank regulated by the Reserve Bank of India (RBI). The bank is headquartered in Bengaluru, India and serves all customers and communities. Jana Small Finance Bank offers a variety of personal loans for different purposes, such as home improvement, agriculture, business, and more.

In this article, we will tell you everything you need to know about getting a personal loan from Jana Small Finance Bank in 2023, including the eligibility criteria, interest rates, documents required, and the application process.

Eligibility Criteria for Jana Small Finance Bank Personal Loan

To apply for a personal loan from Jana Small Finance Bank, you need to meet the following eligibility criteria:

  • You must be an Indian citizen and resident.
  • You must be at least 18 years old and not more than 65 years old at the time of loan maturity.
  • You must have a regular source of income, either from salaried employment, self-employment, or business.
  • You must have a good credit score and repayment history.
  • You must have a valid identity proof, address proof, and income proof.

Interest Rates and Charges for Jana Small Finance Bank Personal Loan

The interest rates and charges for Jana Small Finance Bank personal loan vary depending on the loan amount, tenure, and purpose. The bank offers personal loans at interest rates ranging from 19% p.a. to 26% p.a. for loan amounts of up to Rs 1.5 Lakh and repayment tenures of up to 3 years.

Apart from the interest rate, the bank also charges a processing fee of up to 2% of the loan amount, a prepayment penalty of up to 4% of the outstanding balance, and a late payment fee of 2% per month on the overdue amount.

Documents Required for Jana Small Finance Bank Personal Loan

To apply for a personal loan from Jana Small Finance Bank, you need to submit the following documents along with your loan application form:

  • Identity proof: Aadhaar card, PAN card, passport, voter ID card, driving license, etc.
  • Address proof: Aadhaar card, passport, voter ID card, driving license, utility bill, rent agreement, etc.
  • Income proof: Salary slip, bank statement, income tax return, business proof, etc.
  • Loan application form: Filled and signed by the applicant.

Application Process for Jana Small Finance Bank Personal Loan

You can apply for a personal loan from Jana Small Finance Bank either online or offline. Here are the steps to follow for both methods:

Online Method

  • Visit the official website of Jana Small Finance Bank and click on the ‘Loans’ tab.
  • Choose the type of personal loan that suits your need and click on the ‘Apply Now’ button.
  • Fill in the required details, such as your name, mobile number, email ID, loan amount, tenure, and purpose.
  • Upload the scanned copies of your documents and submit your application.
  • You will receive a confirmation message and a reference number on your registered mobile number and email ID.
  • The bank will verify your details and documents and approve your loan if you meet the eligibility criteria.
  • The loan amount will be disbursed to your bank account within 24 hours of approval.

Offline Method

  • Visit the nearest branch of Jana Small Finance Bank and meet a loan officer.
  • Fill in the loan application form and attach the copies of your documents.
  • Submit your application and documents to the loan officer.
  • The loan officer will verify your details and documents and approve your loan if you meet the eligibility criteria.
  • The loan amount will be disbursed to your bank account within 24 hours of approval.

FAQs on Jana Small Finance Bank Personal Loan

Q1. What is the minimum and maximum loan amount that I can get from Jana Small Finance Bank?

A1. The minimum and maximum loan amount that you can get from Jana Small Finance Bank depends on the type of personal loan that you choose. For example, for a home improvement loan, you can get a loan of up to Rs 1.25 Lakh, while for a gold loan, you can get a loan of up to Rs 20 Lakh.

Q2. What is the minimum and maximum repayment tenure that I can choose from Jana Small Finance Bank?

A2. The minimum and maximum repayment tenure that you can choose from Jana Small Finance Bank also depends on the type of personal loan that you choose. For example, for a home improvement loan, you can choose a tenure of up to 36 months, while for a gold loan, you can choose a tenure of up to 36 months.

Q3. How can I check the status of my personal loan application from Jana Small Finance Bank?

A3. You can check the status of your personal loan application from Jana Small Finance Bank by visiting the official website of the bank and clicking on the ‘Track Application’ option. You will need to enter your reference number and mobile number to access your application status.

Q4. How can I repay my personal loan from Jana Small Finance Bank?

A4. You can repay your personal loan from Jana Small Finance Bank by choosing any of the following modes:

  • Electronic Clearing Service (ECS): You can authorize the bank to deduct the monthly installment from your bank account automatically on a fixed date every month.
  • National Automated Clearing House (NACH): You can give a mandate to the bank to debit the monthly installment from your bank account through the NACH system.
  • Post-dated Cheques (PDCs): You can give post-dated cheques to the bank for the entire loan tenure and the bank will encash them on the due date every month.
  • Cash or Demand Draft: You can visit the nearest branch of the bank and pay the monthly installment in cash or demand draft.

Q5. How can I contact Jana Small Finance Bank for any queries or complaints regarding my personal loan?

A5. You can contact Jana Small Finance Bank for any queries or complaints regarding your personal loan by using any of the following channels:

  • Toll-free number: 1800 2080
  • Email ID: customercare@janabank.com
  • Branch locator: https://www.janabank.com/branch-locator/
  • Grievance redressal: https://www.janabank.com/grievance-redressal/

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