All About Personal Loan Ashoknagar:
Personal Loan Ashoknagar
Do you want your daughter to get married? Or do you need cash for your higher studies? No problem. Personal Loan Ashoknagar is here in your service to provide all the finance.
Eligibility criteria for Personal Loan Ashoknagar
If you are a salaried employee or a Self Employed, you are eligible to get the personal loan. Further, you also need to fulfill the following requirements:
First of all, the minimum age of the applicant should be 21 years for salaried person. If one is self-employed then 25 years.
Also, the applicant needs to be a citizen or permanent resident of India.
The maximum age in case of a salaried applicant should be 60 years at the time of maturity and 65 years for the self-employed applicant.
After that, the minimum Credit Score of the applicant should be 700.
Also, one must have a rigid source of income.
Moreover, if the applicant is salaried s/he should be getting the salary in his bank account.
Also, the monthly income of the salaried applicant should be Rs. 18000 minimum.
Lastly, for the self-employed applicants ITR of Rs. 2.5 Lacs should be paid at least for the last three years.
Personal Loan Ashoknagar Documentation
First of all, you need to provide 2 colored passport size photographs.
Also, You need to show documents for identity proof, Residential proof and Income proof.
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 needed to provide like any 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 previous 3 years.
Personal Loan Ashoknagar Interest Rates
Generally, the interest rate is 10.75% p.a. of personal loan. But it changes due to various factors like the amount of loan, bank, etc.
Pre-closure Charges
Personal Loans benefits the applicant with Pre-closure facility, but it includes some penalty charges. Usually, a personal loan has pre-closure charges of 0-2%.
Tenure of Personal Loan Ashoknagar
Tenure of the personal loan is very flexible. The applicants can choose the tenure of the loan from 1 year to 5 years. It depends upon the applicant’s convenience.
Methods of Repayment
There are various methods of repayment in Personal loan:
Term Loan- where the customer pays to the bank per month interest rate, and in the end also he will pay the principal amount.
Overdraft- Overdraft product provides the customer to pay only for the used loan amount for that particular time of the loan. There is no interest charged.
EMI- EMI in which the bank makes the installment of a part of interest rate and principal after which the customer need to pay it per month.
Features of the Personal Loan Ashoknagar
It is fast to Apply. The applicant can apply for a Personal Loan online within 2 minutes. However, the Personal Loan is also available offline as well, but the online process is hassle-free.
Also, You can visit our website, www.bookmyloans.in.
Moreover, he does not have guidelines on the end use of loan amount.
Personal Loan is the unsecured loan, which means it does not involve any collateral. Applicants get the loan based on his income or salary.
Also, there is a flexible tenure.
If the applicant is eligible, then it takes merely 30 minutes get the approval of Personal Loan
Where can the Personal Loan amount be used?
The personal Loan amount is for multiple uses. But still, the reasons are to be specified.
Wedding – a personal loan can be used for wedding occasions. Weddings are big occasions which involve an enormous amount of funds. For this purpose, a person can quickly get a Personal Loan.
Education –Personal Loan can help you in getting a quality education for yourself or your child in no time.
Medical – You never know when you need financial resources for health-related issues. Personal Loan is the best option to get financial aid in such situations.
Vacations – Everybody wants to have fun and go on Vacations. But this can cost you very much. So in this scenario, the personal loan provides you a boost up.
Above all, It’s totally based on the applicant’s will.
About Ashoknagar
Ashoknagar is a city in Ashoknagar District in Madhya Pradesh, India. Also, Ashoknagar is famous for its Grain Mandi and “Sharbati Gaihu” which is a type of wheat.