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Personal Loan Abu Road

Personal Loan @ 10.50%

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Personal Loan Abu Road

Personal loan Abu Road helps you make your credit faster as compared to other loans. Moreover, there are no restrictions on the amount of loan to be borrowed. These loans provide the benefit of easy and quick access to funds.



Eligibility criteria for Personal Loan Abu Road

A personal loan cannot be given to everyone. There are specific criteria and requirements which the applicant need to fulfill to get the personal loan. You are eligible to get the personal loan if you are a salaried employee or a Self Employed.


Salaried Employee

A salaried employee needs to fulfill the following requirement:
1. First of all the applicant must have a minimum salary of Rs.18000 (monthly).
2. His age should lie between 21-60 years.
3. Then, he should possess a CIBIL score of more than 700.
4. His overall working experience should be of 3 years and 1-year experience for current job.
5. Lastly, he must have his salary slips for proof.
Note*: If a person receives a salary in cash, then he is not eligible to get the personal loan.


Self- Employed Individuals

All self-employed individuals need to fulfill the following requirements:
1. Firstly, the age of borrower varies. Usually, it is between 25-65 years.
2. Then, he should have filed Income tax returns of 2.5-3 lakhs.
3. He should be filing ITR from last 3 years.
4. Moreover,the applicant must possess the CIBIL score of more than 700.
5. For residence proof, he should own an office or house of his own.
6. Also, he needs to have the working experience of the last 3 years.


Personal Loan Abu Road Documentation

Firstly, 2 colored photographs, passport size are required.
To get the personal loan, he must have some documents for identity proof, Residential proof, and Income proof.
For identity Proof, one can have a PAN card or Aadhar card or Voter Id card or Driving license or Passport. Anyone document can be presented in the form of Identity proof.
For Residential Proof, again, he can have PAN card or Aadhar card or Voter Id card or Driving license or Passport.
Also, for Income Proof, you should include your salary slip of last 6 months or the bank statement. If you are self-employed, then you need to have income tax return statement of the previous 3 years.


Personal Loan Abu Road Interest Rates

Personal loan interest rates depend upon certain factors like income of the applicant, amount of loan applied, or the company. Normally, the interest rate of personal loan is 10.75%p.a. However, it may vary from time to time.


Pre-closure Charges

When someone wants to close the loan before the completion of tenure of the loan, then this is called pre-closure. Personal Loans facilitate Pre-closure, but it includes some penalty charges. Generally, these charges are 0-2%.


Tenure of Personal Loan Abu Road

The applicant can choose the tenure of their loan as per their convenience. It can be from 1 year to 5 years.


Methods of Repayment

A personal loan has three repayment options :
EMI- EMI means equated monthly Installments. Under this, the bank makes the installment of a part of interest rate and principal after which the customer need to pay it per month.
Term Loan- The customer pays to the bank per month interest rate, and in the end, he will pay the principal amount as well.
Overdraft- OD or Overdraft is a product which benefits the customer by allowing them to pay only for the used amount for that particular time. There is no interest charged on that loan amount.


Features of the Personal Loan Abu Road

1. Personal Loans are easy to apply. The application process can be done offline and online, as well. However, using online is more easy and convenient
You can visit our website,
2. The most desirable thing about a personal loan is that it does not require any collateral. The applicant gets the credit based on their salary or income.
3. The documentation process of personal loan is straightforward. Only the basic documents are required.
4. Also, the tenure of the personal loan is very flexible. One can freely choose the period from 1-5 years.
5. Moreover, a personal loan provides the applicant to use the amount freely. There are no restrictions upon the use of loan amount.


Where can the Personal Loan amount be used?

A personal loan is a multi-purpose loan. But still, reasons are to be specified to get the loan.
Wedding- One can get a personal loan for wedding purposes. It usually involves large amounts.
Education- To get a good education you require money which you can get with the help of a personal loan.
Vacations-Vacations can be expensive, but this scenario can be solved with the help of a personal loan.
Medical- In situations like medical problems, there is a need for instant money. In this case, a personal loan can assist you with financial aid.
Besides these, a personal loan can be applied and used for several purposes as per the will of the applicant.


About Abu Road

Abu Road is a municipality in Sirohi district of Rajasthan, India. The city is near to Mount Abu and also known as Kharadi. Abu Road is the largest city in Sirohi district. The city also has a spread over of industrial area.