Personal loan
“Your personal loan, quickly and effectively.”
It may happen that you need some extra financial resources for non-regular expenses, such as for the furnishing of your house, installing a new kitchen, school or study costs, or for the purchase of a laptop or PC. The Personal Loan from the NTFM (a 100% subsidiary of the Hakrinbank) can offer a solution at that time. Important matters that you want to know about in this regard are listed below.
Maximum loan amount
With a Personal Loan from the NTFM you can borrow up to a maximum of SRD 25,000.00.
Maximum maturity
The maximum loan maturity is 30 months, but of course, you have the freedom to choose the maturity that suits your needs.
Special offers
In addition to the regular products, we also have special products for specific needs.
The School PL is specifically intended to finance various school needs. Promotion is held every year from July to September with a special interest rate.
Opt for the PL-Xtra, when you need a little more money, up to a maximum of SRD 35,000, than our standard PL allows.
The Tap’ A Yari credit is offered annually in the months of November and December, and enables you to still achieve all your resolutions. You will pay the loan instalments not until the new year.
You can always discuss your specific wishes with us.
Conditions
The conditions that apply when applying for a Personal Loan are included below:
- You provide an agreement on deductions from salary, and a life insurance policy as cover.
- The monthly redemption amount may not exceed approximately 35% of the net household income, or 60% of the net income.
- You should preferably be employed or self-employed for at least two years.
- A security deposit may be requested if required.
Documents to be submitted
You must submit the following documents with the application:
- a valid ID;
- a recent employer’s statement (including home address, date of employment, and position);
- a recent pay slip;
- a recent bank statement if your salary account is held with another bank;
- balance statements of any loans taken out elsewhere, if these are taken over;
The approval procedure and other administrative work will take a maximum of 48 hours.
For more information you can always contact the NTFM, or one of the Hakrinbank branches. Our expert staff will be happy to welcome you for a personal meeting. If you would like an indication of your maximum loan sum, maturity, and redemption in advance of this, please go to our loan calculator.