Personal loan Agondh
Personal loan is an unsecured loan. There is no requirement for any kind of collateral to be pledged to the bank and is given on the personal guarantee of the individual. It is given based on the monthly source of income like Salary (credited in to account or by cheque) or from Business (based on the past ITRs, Monthly transactions in Bank Account), etc.
Personal loan Agondh eligibility criteria
There are two categories of applicants. Both categories have different eligibility criteria
Firstly, age should range from 21-60 years.
Income should be equal to or more than 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.
In this category, age should range from 25-65 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 Agondh
The documentation process is hassle-free in a Personal Loan. As Personal Loan is a highly unsecured loan so, the bank needs to be guaranteed by checking the documents of the applicant. The common documents required by most banks and NBFCs for 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 Agondh
The interest rate of the Personal Loan is a little higher depending 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 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 Agondh
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
How to apply?
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.
Agondh is a village near Kaithal in the state of Haryana. It is 30 Km away from Kaithal. To apply for a Personal Loan online in Agondh, visit www.loannow.in. It is very easy to apply and applicant can easily get a personal loan if it matches the eligibility criteria.