Personal Loan Atmakur
A personal loan is the most reliable source of financial service through which one can quickly get access to funds without any use of collateral. From marriage purposes to Travel expenses, one can quickly get a hold on finance through a personal loan.
So, apply now for Personal loan Atmakur and fulfill all your personal expenses.
Eligibility criteria for Personal Loan Atmakur
A personal loan is given to only a salaried employee or a Self Employed applicant. Moreover, you also need to complete the following requirements:
First of all, the applicant should have an age of 21 years in case of a salaried person. In the case of self-employed minimum age is 25 years.
The applicant must be a citizen or a permanent resident of India.
Also, in case of a salaried applicant, the maximum age is 60 years at the time of maturity and 65 years for the self-employed applicant.
After this, he must have a minimum Credit Score 700.
Furthermore, one must have a rigid source of income.
If the applicant is salaried, then s/he should be getting the salary in his bank account.
Also, the monthly income of the salaried applicant should be Rs. 18000 minimum.
For self-employed applicants ITR of Rs. 2.5 Lacs should be paid at least for the last three years.
Personal Loan Atmakur Documentation
Firstly, you need 2 colored passport size photographs.
Also, some documents for identity proof, Residential proof and Income proof are to be shown.
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.
Lastly, Income Proof is to be given 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 Atmakur Interest Rates
Generally, the rate is 10.75% p.a. to get a personal loan. However, it changes with time due to factors like the amount of loan, bank, etc.
Personal Loans helps the applicant to get benefits of Pre-closure facility, but it involves some penalty charges. Usually, banks may charge between 0-2%.
Tenure of Personal Loan Atmakur
Tenure of the personal loan is quite flexible, which makes the loan more convenient while selecting the tenure of the loan. The applicants can choose from 1 year to 5 years.
Methods of Repayment
There are various methods of repayment in Personal loan:
Term Loan- In this method, 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. Also, there are no interest charges on the amount borrowed.
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 Atmakur
The applicant can apply for a Personal Loan through online within 2 minutes. However, the Personal Loan is also available in offline mode as well, but the online process is hassle-free.
Also, you can visit our website, www.bookmyloans.in.
Personal Loan is an unsecured loan, which means it does not involve any collateral asset. Hence, applicants get the loan amount based on his income or salary.
Moreover, a personal loan provides a very flexible tenure.
Also, it takes less than 30 minutes to get an approval of Personal Loan if the applicant is eligible.
Where can the Personal Loan amount be used?
The personal Loan amount is for multiple uses. But still, the reasons are to be specified.
Medical – You never know when you face the trauma of health-related issues. Personal Loan is the best way to get financial help in such a crisis.
Vacations – Every person wants to have fun and go on Vacations. But this can cost you very much. So in this scenario, the personal loan provides you an aid.
Wedding – a personal loan can be used for wedding occasions. Weddings are huge occasions in every person’s life, which involves a massive amount of funds. For this purpose, a personal loan can boost you up.
Education –Personal Loan can help you to have quality education for yourself or your loved one in no time.
As a result, the Personal Loan can be used for many more purposes.
Atmakur is a village in the state of Andhra Pradesh, India. Also, it comes under the Anantapur district.