Personal Loan Arpora

Personal Loan at 10.75% p.a

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Personal Loan Arpora

Are you looking for immediate cash for personal reasons? So, sit back and relax. Because your search is over now.

Apply for Personal Loan Arpora and meet your every requirement. Personal Loan Arpora is now at your doorstep to help you in the finance related issues.

 

Eligibility criteria for Personal Loan Arpora

One needs to fulfill some criterion. If you are a salaried employee or a Self Employed, you are eligible for the personal loan. Furthermore, you need to meet the following:

The applicant needs to be 21 years of age at least in case of a salaried person. For those who are self-employed minimum age is 25 years.
The maximum age for the salaried applicant should be 60 years at the time of maturity and 65 years for the self-employed applicant.
Also, the applicant needs to be a citizen or permanent resident of India.
The minimum Credit Score of the applicant should be 700.
S/he must have a rigid source of income.
If the applicant is salaried, then s/he should be receiving the salary in his bank account.
Also, the monthly income of the salaried applicant should be Rs. 18000 minimum.
For the self-employed applicants ITR of Rs. 2.5 Lacs should be paid at least for the last three years.

 

Personal Loan Arpora Documentation

Some documents for identity, Residential and Income proof are required to be presented.
For Identity and Residential Proof, you can present PAN card or Aadhar card or Voter Id card or Driving license or Passport are required. One of these documents can work as proof.
Also, Income Proof is required to provide like bank statement or your salary slips of the last 6 months. For a self-employed, you need to add your income tax return statement of the last 3 years.
Also, you will require having 2 colored passport size photographs.

 

Personal Loan Arpora Interest Rates

Generally, the interest rate of personal loan is 10.75% p.a. But due to certain factors, it keeps changing with time.

 

Pre-closure Charges

Personal Loans comes with Pre-closure facility to the applicant, but it involves some penalty charges. Generally, these charges are 0-2%.

 

Tenure of Personal Loan Arpora

The applicants have free authority to choose the tenure of the loan from 1 year to 5 years. It depends upon the applicant’s need and requirement.

 

Methods of Repayment

A personal loan can be repaid in 3 ways:

Term Loan- The customer pays to the bank per month interest rate, and at the end, he will pay the principal amount as well.

Overdraft- Overdraft facility provides the customer to pay only for the used amount for that particular time of the loan. There is no interest charged on the amount borrowed.

EMI- EMI under which the bank helps in making the installment of a part of interest rate and principal after that the customer need to pay it per month.

 

Features of the Personal Loan Arpora

The applicant can apply for a Personal Loan online in no time. However, the Personal Loan is also available offline, but the process of applying online is more convenient.
You can visit our website, bookmyloans.in.
It only takes 30 minutes for the approval of Personal Loan if the applicant is eligible.
Personal Loan doesn’t include any collateral. Applicants get personal loan based on their income or salary.
The applicant does not have any restrictions on the use of loan amount.
Also, the tenure or period of personal loan is quite flexible.

 

Where can the Personal Loan amount be used?

The personal Loan amount is used for various reasons. But still, reasons are to be given to the bank.

Education –If you are planning about going for higher education or planning to send your child but do not have required funds, then a personal loan can help you.

Medical Emergencies – You never know when you need money for health-related issues. Personal Loan is the best option to get the financial aid in such matters.

Wedding –Weddings are one of the biggest days in one’s life and these can become more special with the help of Personal Loan by getting easy access of funds.

Vacations – Everybody wants to enjoy, and when it comes to Vacations. It can cost heavier. So in this scenario, the personal loan provides you a boost up.

Besides these, the Personal Loan can be used for many other purposes.

 

About Arpora

Arpora is a village near to the North Goa beach belt, in India. It is a famous tourism-destination site.

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