Description

Working in one of the leading IT firms like Tech Mahindra always comes with an added advantage for you. Tech Mahindra considers its employees as its biggest asset. It has spread its wings in various areas like business consulting, pharma, aerospace, and defense services. Apart from offering innovative business solutions and services, Tech Mahindra makes sure that its employees are satisfied and have a proper work-life balance. Apart from enjoying the benefits of working for one of India’s largest IT companies, employees of Tech Mahindra now can also enjoy a lot of privileges from other avenues. Banks and NBFCs provide personal loans to the Tech Mahindra employees at an attractive interest rate with other facilities. Tech Mahindra categorizes variously as a super-category A with various personal loan lenders. Employees of Tech Mahindra can get a personal loan at an interest rate of 12.5% to 14% based on various eligibility criteria.

Bank of Baroda Personal Loan for Tech Mahindra Employees

Bank of Baroda offers a wide range of personal loans to fits-in the diverse needs of its customers. It is among the most opt credit options by people whenever they need financial support. Bank of Baroda’s loan is one of the prominent and most preferred lenders by the borrowers. It offers some special benefits to Tech Mahindra employees like:

  • Fast disbursal of loan
  • No security is required to avail a personal loan from Bank of Baroda
  • Competitive rate of interest 
  • Quick loan processing
  • Flexible loan repayment tenure of 5 years
  • Online personal loan approvals
  • Ease modes of loan repayment

Axis Personal Loan for Tech Mahindra Employees

Axis Bank offers personal loans to the Tech Mahindra employees at a competitive rate of interest. The personal loan from Axis bank can be used to meet any personal expenses like a big fat wedding, exotic vacation, abroad studies, or medical emergency. Below are the few important details of the Axis Bank personal loan for the Tech Mahindra employees:

  • Online loan application processing
  • Rate of interest ranging from 12% to 24%
  • Simple documentation process
  • Flexible loan repayment tenure ranging from 12 months to 60 months
  • Quick dis

IndusInd Bank Personal loan for Tech Mahindra Employees

IndusInd offers various financial products but the personal loan is among the most popular ones. People avail IndusInd Bank personal loan services to fulfill their needs. The IndusInd bank provides special offers to Tech Mahindra employees.

  • A personal loan with simple documentation, quick processing and the fast disbursal of loan
  • Flexible loan repayment tenure ranging from 1 year to 5 years
  • Convenient repayment options like IndusInd Bank a/c debit or ECS from some other bank.
  • Tech Mahindra employees even get rid of the high interest existing debt by availing IndusInd Balance Transfer Option
  • The convenience of doorstep service for the Tech Mahindra employees 
  • Pocket-friendly rate of interest on personal loans to the Tech Mahindra employees
  • No requirement of the security or collateral to avail of personal loans.

Personal Loan Interest Rate 

Name of the Bank

Interest Rate

Kotak Bank

Starts at 10.99%

ICICI Bank

11.25% to 22.00% 

HSBC Bank

Starts at 12.50%

State Bank of India

Starts at 12.50% 

IndusInd Bank

10.50% to 23.00% p.a.

HDFC Bank

Starts at 12.95% 

Bajaj Finserv

12.99% onwards

Axis Bank

12% to 24%

Documents Required for Personal Loan

The following are the basic documents required to be submitted for the personal loan. The list of required documents may differ based on various factors like the type of loan scheme a borrower is seeking, etc. 

  • Passport-sized photograph
  • PAN Card – for Company/Firm/Individual.
  • A copy of any of the documents as identity proof:
  • Aadhaar Card.
  • Passport.
  • Voter's ID Card.
  • PAN Card.
  • Driving License.
  • Latest Form 16 and salary slip for salaried individuals.
  • A copy of any address proof documents:
  • Aadhaar Card.
  • Passport.
  • Voter's ID Card.
  • Driving License.
  • Bank statement of the previous 6 months.
  • Last 2 years ITR along.
  • Audit Report.

How to apply for a Personal Loan?

You can easily apply for a personal loan with Afinoz. It is a financial platform who has tie-ups with various lenders who provide personal loans purely based on the customer persona and KYC documents. So, if you are facing any difficulty in availing personal loans due to being cash salaried then go with Afinoz App. Here are a few simple steps for applying for an easy loan:

Step 1: Download the Afinoz App from the Google Play Store.

Step 2: Sign up in the account.

Step 3: Click on the personal loan apply button.

Step 4: Choose the type of employment.

Step 5: Enter the company name you are working for.

Step 6: Provide the details like working tenure, salary, existing monthly installments (if any), the required loan amount and the mail id. 

After entering all these details, a message will be displayed on the screen regarding your eligibility. And if you’ll be eligible for the loan then the Afinoz team will contact you.

So, if you are a Tech Mahindra employee, you would have realized that personal loans get approved easily for you. For Tech Mahindra employees who haven’t applied for a personal yet, go ahead and acquire it to meet any of the personal financial needs.