Personal loan Adhewada

Personal Loan at 10.75% p.a

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Personal loan Adhewada

Personal Loans are the fastest and easiest way to get finance when you face financial crisis. There are various private players in the market, offering this unique financial product at competitive rates and additional benefits. When compared to public sector banks, private banks are considered much superior concerning their service delivery and customer engagement. If you are planning to take a personal loan it is important to compare its features and benefits across different banks.

 

Personal loan Adhewada eligibility criteria

There are two categories of applicants. Both categories have different eligibility criteria

Salaried applicants:

Firstly, minimum age for applying for loan is 21 years and maximum age is 60 years.

Minimum income should be INR 18,000.

Applicant must be a resident of India.

Work experience of at least three months is required. In addition to this, salary should come in bank account only.

Moreover, the CIBIL score (credit history) should be good.

Self-employed applicants:

In this category, minimum age should be 25 years and maximum age is 65 years.

The applicant should have an ITR of at least three years.

Furthermore, minimum ITR should be of 2.5 lacs per annum.

Applicant must be resident of India.

Again, good CIBIL score (credit history) is required.

The Business should be running from past three years.

 

Documents required for Personal Loan

Though Personal Loan is a highly unsecured loan so, the bank needs to be guaranteed by checking the following documents of the applicant. The documentation process is hassle-free in a Personal Loan.

First of all, one Identity proof is required. It can be any of the mentioned Aadhar Card/Voter ID Card/ PAN Card/ Passport/ Driving License.

After that, two colored passport sized photographs are required.

Furthermore, one residence proof is required. It can be Aadhar Card/Voter ID Card/ PAN Card/ Passport/ Driving License/ Ration Card/ Rental Agreement/ Utility bills of last three months by the name of the applicant.

One proof of income is required. For a salaried person, it can be salary slips for the last three months. Also, the bank statement of last 6 months is also required to get a Personal Loan.

For a self-employed applicant, the income proof is ITR of last three years and it should be of at least 2.5 Lacs.

 

Interest rates personal loan Adhewada

You need to be aware of the general personal loan interest rates before you fill your application. This will help you understand where or not you€™re getting a good deal. The interest rate of the Personal Loan depends on the income of the applicant, the amount of loan required, the category of the company etc.

Generally, the basic rate of interest in the personal loan is 10.75% per annum. However, it can vary from time to time.

Pre-closure Charges

Pre-closure is closing the loan before the completion of the tenure of the loan. The Personal Loan offers the facility of pre-closure. But, there are some nominal penalty charges. They generally range from 0-2%.

Tenure of Personal Loan Adhewada

The applicants can decide the tenure of the loan according to their convenience. It can range from six months to five years depending on their requirement.

Methods of Repayment

There are various ways of repayment of the Personal Loan

Flat interest rates

Reducing interest rates

EMI

Overdraft

 

How to apply?

Visit www.loannow.in.

Fill the online application form with the required fields.

You will get a call from the loan experts within 5 minutes.

The process is very easy, simple and hassle-free.

About Adhewada

Adhewada is a village in Bhavnagar district of Gujarat. It is 4.8 Km away from its district Bhavnagar. To apply for a Personal Loan online in Adhewada, visit www.loannow.in.