Personal Loan Ashta

Personal Loan Ashta

Personal loan companies work exclusively with customers who want to borrow small personal loans to pay for just about anything that isn’t covered by a specialist loan. So these are loans other than mortgages, car title loans, business loans, etc. that many customers use to pay for things like vacations because when you approach a lender to get a personal loan, you don’t have to state the purpose like with a mortgage. You can literally spend the money on whatever you want! Customers like this because they borrow money to live a comfortable life and spread the cost to make it manageable.

Personal loan Ashta eligibility criteria

The eligibility criteria is a little different for 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 Ashta

It requires very few documents to process the loan. The following documents are required for applying the personal loan.

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 of the last three months. Along with this, the bank statement of last 6 months is 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 Ashta

As compared to other loans, a personal loan has lower operating costs by nature, along with no hidden charges. 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 period 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 Ashta

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


Overdraft (OD)

How to apply?


Fill the online application form with the required fields.

Finally, you will get a call from the loan experts within 5 minutes.

The process is very easy, simple and hassle-free.

About Ashta

Ashta is a city in the district of Sehore of Madhya Pradesh. To apply for a Personal Loan online in Ashta, visit It is very easy to apply and the applicant can easily get a personal loan if it matches the eligibility criteria.