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Personal loan Akaltara

    Personal loan Akaltara

    A personal loan is a kind of consumer loan which is used for a variety of purposes. People take out personal loans to pay for weddings, home renovations, vacations, private school tuition, medical procedures, and more. People often use personal loans for debt consolidation, such as paying off credit cards. Personal loans, sometimes called signature loans, are unsecured loans, which mean they don’t have any collateral behind them.

     Personal loan Akaltara eligibility criteria

    There are two categories of applicants. The eligibility criteria is different for both salaried and self-employed applicants.

    For salaried applicants:

    Firstly, age should range between 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 be between 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 Akaltara

    The documentation process of personal loan is effortless. You don€™t 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 Akaltara

    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 Akaltara

    The applicants are free to 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 Akaltara

    Akaltara is a town in Janjgir-Champa district of Chattisgarh. It is famous for rice mills and limestone. To apply for a Personal Loan online in Akaltara, 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.