Personal loan Ajgain
A personal loan is a kind of loan (unsecured) used by the people for meeting the needs of the family members and also for their own needs. Example: To pay personal expenses, go on a vacation, purchase any asset, etc. Personal loans are specially designed for people who don’t want to go through the hassles of providing security or collateral. It is easy to get money for your needs by means of a personal loan.
Personal loan Ajgain eligibility criteria
There are two categories of applicants. Both categories have different eligibility criteria
Salaried applicants:
Firstly, age should be 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.
Self-employed applicants:
In this category, age should range from 25-65 years.
In this, 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 Ajgain
The documentation process of personal loan is easy and it does not require bundle of documents. The basic documents required are:
First of all, one Identity proof is required (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 Ajgain
The rate of interest of a Personal Loan is different 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 Charges
Pre-closure means 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 Ajgain
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 Ajgain
Ajgain is a village near Unnao district of Uttar Pradesh (UP). It is near Lucknow which is 7.9 Km away. To apply for a Personal Loan online in Ajgain, visit www.loannow.in. It is very easy to apply and the applicant can easily get a personal loan if it matches the eligibility criteria.