Personal loan Adityapur
A personal loan is a right option to meet your emergency financial needs. It is easy and simple to get this loan as it is an unsecured loan, so you dont need to give any guarantee or any collateral against the amount. It is essential and is recommended to make yourself aware of the different terms before going for a personal loan at any point in time.
Personal loan Adityapur 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, it is important that 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 Adityapur
The documentation process is hassle-free in a 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 common documents required by most banks and NBFCs for individuals requesting a personal loan includes:
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 Adityapur
Applicant needs to be aware of the general personal loan interest rates before he/she fill their application. 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 Adityapur
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 balance 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 Adityapur
Adityapur is a city in the state of Jharkhand. it was named after raja Aditya Pratap Singh. It is an industrial area which was once the largest industrial belt in Asia. To apply for a Personal Loan online in Adityapur, visit www.loannow.in.