Personal Loan Arsikere
Personal Loan Arsikere is the ray of light to your every finance related issues. With the help of personal loan you can solve your finance related problems in no time.
So, what are you thinking ? Apply for Personal Loan Arsikere and accomplish all your dreams.
Eligibility criteria for Personal Loan Arsikere
If you are a salaried employee or a Self Employed you are eligible to get the personal loan. Further also, you need to fulfill the following criteria:
Firstly, the applicant needs to be 21 years of age at least in case of salaried person. For applicants who are self-employed minimum age is 25 years.
Also, the applicant needs to be a citizen or permanent resident of India.
The maximum age for salaried applicant should be 60 years and for the self-employed applicant it is 65 years.
The Credit Score of the applicant should be 700 minimum.
S/he should also have a rigid source of income.
Moreover, If the applicant is salaried then s/he should be getting the salary in his bank account.
The monthly income of the salaried applicant should be Rs. 18000 minimum.
For the self-employed applicants should have paid ITR of Rs. 2.5 Lacs at least for last three years.
Personal Loan Arsikere Documentation
Firstly, you need to have 2 colored passport size photographs.
Also, some documents for identity proof, Residential proof and Income proof are required.
For Identity and Residential Proof, PAN card or Aadhar card or Voter Id card or Driving license or Passport are required. One of these documents can be presented as proof.
Also, Income Proof is required to provide like bank statement or your salary slips of last 6 months. For a self-employed, you need to add your income tax return statement of the last 3 years.
Personal Loan Arsikere Interest Rates
The interest rate of personal loan keeps changing. It can be due to various factors like amount of loan, bank, etc. The rate is 10.75%p.a.
Personal Loans comes with Pre-closure facility but it involve some penalty charges. Generally, Pre-cloure charges are 0-2%.
Tenure of Personal Loan Arsikere
The applicants are free to choose the tenure of their loan from 1 year to 5 years. It depends upon applicant’s need and convenience.
Methods of Repayment
Personal loan can be repaid in 3 ways:.
Overdraft- Overdraft facility provides the customer to pay only the used amount for that particular time of loan. There is no interest charged on the amount borrowed.
EMI- EMI bank helps the customer in making the installment of a part of interest rate and principal after that the customer need to pay it per month.
Term Loan- The customer of the bank pays the bank per month interest rate and in the end he will also pay the principal amount
Features of the Personal Loan Arsikere
Applicant can apply for a Personal Loan online in less than 3 minutes. However, the Personal Loan is also available in offline mode but the process of applying online is more convenient.
You can visit our website www.bookmyloans.in.
In personal Loan you need not to include any collateral. Applicants get the personal loan on the basis of their income or salary.
The applicant does not have restrictions on the use of loan amount.
Also, the tenure of the personal loan is flexible.
It takes only 30 minutes to get approval of Personal Loan if you are eligible.
Where can the Personal Loan amount be used?
The personal Loan is multiple purpose loan. But still, reasons are to be specified.
Education –Personal Loan can help you in getting good education for yourself or your child.
Medical –Uncertainty is the second name of life. You never know when you will need money for health issues .Personal Loan is the best option in such situations.
Wedding – Wedding is one of the biggest occasion in one’s life. But it includes high cost. For this purpose, a person can easily get Personal Loan.
Vacations – Everybody wants to have fun and when you plan Vacations. It can cost heavier. So in this scenario, the personal loan provides you a boost up.
The Personal Loan can be used for other purposes also.
Arsikere is a town in the district Hassan in Karnataka state, India. The region is the second largest coconut market in Karnataka after Tiptur and Malekallu Tirupathi hill.