Nainital Bank Personal Loan

In order to apply for a Nainital Bank personal loan, you need to fulfil certain eligibility criteria set by the bank. Let’s have a closer look at these criteria:

• Age: The minimum age to apply for the personal loan is 21 years along with the maximum age being 65 years for salaried employees and 70 years for others. Hence, even if you manage to fulfil other criteria, if you do not fall under this age group, you will not be eligible for the personal loan.


• Employment: In order to be eligible for the personal loan, you need to come under any one of the following category;
  • A permanent employee of any Public Sector Undertaking (PSUs)
  • A government employee
  • Affiliated with UGC or AICTE recognized colleges or universities
  • A retired pensioner of Nainital Bank or a pensioner of any of the above mentioned bodies
  • A field officer or an agent of public sector insurance company
  • A professional such as doctor, advocate, architect, and Chartered Accountant, or a salaried employee working in a reputed company.


• Credit score: Your credit score plays a major role in determining your interest rate. If you have a higher credit score, then there is a better chance of getting a lower interest rate. If you have a credit score lower than 700, then there is a high chance that you may not be eligible for the loan or may get a high interest rate. Hence, it is important to maintain a good credit score in order to be eligible for the personal loan.

Nainital Bank Personal Loan Documents Required

Your documents play an important role in your personal loan application process. For verification purposes and bank records, you are required to submit a few documents. Hence, to have a smooth and quick documentation process, it is advisable to have these documents available with you at all times.

Salaried Employees and Self Employed Individuals:

Identity proof: (any one)

• Aadhaar card
• Voter ID
• Passport
• Government employment card
• PAN card

Address proof: (any one)

• Aadhaar card
• Voter ID
• PAN Card
• Ration card

Age: (any one)

• Aadhaar card
• Birth certificate
• PAN Card
• Voter ID card

Income Proof:

• Salary Slips
• Bank Account Statement

Other documents:

• Passport size photos
• Income Tax returns or Form 16