What Are Personal & Apex Loans?
Our Personal and Apex Loan programs provide convenient short-term financing for employed and salaried individuals. Whether you need immediate funds for personal needs or institutional employee benefits through Apex arrangements, LBDI offers flexible, accessible credit with straightforward application processes and quick disbursement.
Personal Loans Tenure: Up to 18 months | Apex Loans Tenure: Flexible | Purpose: Personal needs, educational expenses, medical bills, and general financial assistance
Loan Program Options
Personal Loans
Designed for employed individuals seeking short-term financial assistance with flexible repayment terms up to 18 months.
- For salaried employees only
- Up to 18 months tenure
- Flexible repayment options
- Quick application process
- Competitive interest rates
- Direct deposit repayment
Apex Loans
Specialized facilities extended to employees of various institutions under Memorandum of Understanding (MOU) with employer guarantees.
- For institutional employees
- Up to 1/3 of employee salary
- Employer guarantee required
- Salary assignment & direct deposit
- Insurance bond option
- Streamlined approval
Personal vs. Apex Loans Comparison
| Feature | Personal Loans | Apex Loans |
|---|---|---|
| Eligible Applicants | Salaried employees | Institutional employees with MOU |
| Maximum Loan Amount | Varies based on salary & profile | Up to 1/3 of monthly salary |
| Repayment Tenure | Up to 18 months | Flexible based on MOU |
| Security Requirements | Salary assignment & collateral | Employer guarantee or insurance bond |
| Interest Rates | Competitive market rates | Institutional rates |
| Approval Speed | 3-5 business days | 2-3 business days |
| Repayment Method | Salary deduction or direct payment | Automatic salary deduction |
| Purpose | Any personal need | Any employee benefit need |
Key Loan Requirements
To qualify for Personal or Apex Loans, please provide the following documentation:
Personal Loans Requirements
- Valid employment letter from employer
- Recent payslip (last 3 months)
- Salary assignment authorization
- Valid identification (ID/Passport)
- Account relationship proof
- Collateral documentation (if required)
Apex Loans Requirements
- Employment verification from institution
- Recent payslip documentation
- Employer guarantee or insurance bond
- Salary assignment & direct deposit form
- Valid identification documents
- Institutional MOU compliance
General Requirements
- Minimum 6 months employment
- Stable income verification
- Good credit standing
- No existing defaults
- Contact information
- Bank account details
Application & Approval Process
Application Submission & Document Review
Verification & Approval
Agreement Signing
Fund Disbursement
Get the Funds You Need Today
Whether you’re a salaried employee or part of an institutional Apex program, LBDI makes it easy to access quick personal financing. Apply now and receive fast approval.
