Personal loan Ajod
A personal loan is an unsecured loan. You can use a loan for multipurpose. In this, collateral is not required. You will get a personal loan from Banks and NBFCs. A lender will provide a personal loan at some interest rate to the customers for a fixed period. The borrower then uses the loan amount for any personal purpose. There are no limitations on the use of the amount of the loan. It is easy to get money for your needs by means of a personal loan.
Personal loan Ajod eligibility criteria
The eligibility criteria is different for salaried and self-employed applicants.
For 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.
For 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 Ajod
The documentation process of personal loan is effortless and simple. You dont need a whole lot of documents, just some basic ones.
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 Ajod
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 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 Ajod
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.
Ajod is a village in Vadodra district of Gujarat. It is 44 Km away from Vadodra. Most of the people speak Gujrati here.To apply for a Personal Loan online in Ajod, 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.