Personal Loan Attur
You are not alone in your financial crisis hits. Personal loan Attur is the solution to your every financial crisis. It is offered to you without any asset as collateral. These types of loans are given based upon your income, age, credit history, etc.
Also, Personal loan Attur is of great help when you need quick access in funds. Moreover, it is an excellent way to solve your every personal finance related issues.
Eligibility criteria for Personal Loan Attur
The applicant needs to fulfill some criterion. If you are a salaried employee or a Self Employed, you are eligible to get the personal loan. Further, you need to fulfill the following requirements:
Firstly, the minimum age of the applicant is to be 21 years for salaried person. If s/he is self-employed, then it is 25 years.
Also, the applicant needs to be a citizen or permanent resident of India.
The maximum age in case of 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 have a Credit Score 700 at least.
S/he should have a rigid source of income.
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 Attur Documentation
First of all, you need to have 2 colored passport sized photographs.
Also, you must have some 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 essential 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 previous 3 years.
Personal Loan Attur Interest Rates
Generally, the interest rate of personal loan is 10.75% p.a. But it keeps changing due to various factors like the amount of loan, bank, etc.
Personal Loans avails the applicant with Pre-closure facility, but it includes some penalty charges. Generally, these charges are 0-2%.
Tenure of Personal Loan Attur
The applicants are free to choose the tenure of the loan from 1 year to 5 years. It depends upon the applicant’s need.
Methods of Repayment
Personal loan repayment is done in 3 ways:
Term Loan- The customer pays to the bank per month interest rate, and in the end, also he will pay the principal amount.
Overdraft- Overdraft facility provides the customer to pay only for the used amount for that particular time of the loan.
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 Attur
It is convenient to Apply. The applicant can apply for a Personal Loan online in 2 minutes. Also, the Personal Loan is available offline as well, but applying online is hassle-free.
Also, you can visit our website, www.bookmyloans.in.
Personal Loan is that it doesn’t involve any collateral. Applicants get personal loan based on their income or salary.
Moreover, the applicant does not have any restrictions on the end use of the loan amount.
It takes merely 30 minutes get the 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.
Wedding – a personal loan can be used for wedding festivals. It involves a significant amount of funds. For these purposes, a person can quickly get a Personal Loan.
Education –Personal Loan can help you in having quality education for yourself or your child.
Medical – You never know when you need finance for health-related issues. Personal Loan is the best option to get financial aid in such situations.
Vacations – Everybody wants to have fun in their lives and what can be better than going on Vacations. But this can cost heavier. So in this scenario, the personal loan provides you a boost up.
It’s based on the applicant’s will.
Attur is a town in the Salem district in the state of Tamil Nadu, India. Also, as per the 2011 census, the area had a population of 61,793.