Personal Loan Bansi

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      Personal Loan Bansi

      A personal loan is basically a loan (unsecured) which you can avail for your requirements. The investment comes handy when you have unexpected expenses to be taken care of. The loan is usually taken from a lender or a Non-Banking Financial company (NBFC€™s), and the borrower repays through Equated monthly installments, popularly known as EMI€™s to the lender. 

      Personal loan Bansi eligibility criteria

      There are two categories of applicants. Both groups have different eligibility criteria

      Salaried applicants:

      Firstly, the minimum age for applying for a loan is 21 years, and the maximum age is 60 years.

      Minimum income should be INR 18,000.

      Above all, the applicant must be a resident of India.

      Work experience of at least three months is required. In addition to this, the salary should come in a bank account only.

      Moreover, it is essential that the CIBIL score (credit history) should be good.

      Self-employed applicants:

      In this category, the minimum age should be 25 years, and the maximum age is 65 years.

      The applicant should have an ITR of at least three years.

      Furthermore, minimum ITR should be of 2.5 lacs per annum.

      In this also, the applicant must be a resident of India.

      Again, a good CIBIL score (credit history) is required.

      The business should be running from the past three years.

      Documents required for Personal Loan Bansi

      The documentation process is hassle-free in a Personal Loan. Though, Personal Loan is a highly unsecured loan so, the bank needs to be guaranteed by checking the following documents of the applicant. The standard documents required by most banks and NBFCs for individuals requesting a personal loan include:

      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 the last three months by the name of the applicant.

      you need one proof of income. For a salaried person, it can be salary slips for the last three months. Also, the bank statement of last six months is needed to get a Personal Loan.

      For a self-employed applicant, the income proof is ITR of the last three years, and it should be of at least 2.5 Lacs.

      Interest rates personal loan Bansi

      The applicant needs to be aware of the general personal loan interest rates before he/she fill their application. The interest rate of the Personal Loan depends 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 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 Bansi

      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.

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

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

      About Bansi

      Bansi is a town in Sidharthnagar district of Uttar Pradesh. To apply for a Personal Loan online in Bansi, visit www.loannow.in. It is easy to apply. Anyone who matches the eligibility can easily get a personal loan.