Personal Loan Auraiya
You are not alone in your financial hits. Personal loan Auraiya is the ultimate solution to your every financial crisis. It is available to you without any asset as collateral. Also, these kinds of loans are given based upon your income, age, credit history, etc.
Eligibility criteria for Personal Loan Auraiya
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:
First of all, the applicant needs to be 21 years for salaried person. But if you are self-employed, then it is 25 years.
Also, the applicant should be a citizen or permanent resident of India.
The maximum age for the entire salaried applicants should be 60 years at the time of maturity and 65 years for the self-employed applicant.
Moreover, the applicant needs to have a minimum Credit Score 700.
Applicant should have a rigid source of income.
For the salaried applicants, it is required to receive a 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 Auraiya Documentation
First of all, you need 2 colored passport size 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.
Furthermore, income Proof is needed 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 Auraiya Interest Rates
Basically, the interest rate of personal loan is 10.75% p.a. But it varies time to time 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 Auraiya
The applicants are free to choose the tenure of their loan from 1 year to 5 years. It depends upon the applicant’s convenience.
Methods of Repayment
A personal loan can be repaid in 3 ways:
Term Loan- The customer pays 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 the used amount for that particular time of the loan. There is no interest charged upon 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 Auraiya
It is convenient and easy to Apply. The applicant can apply 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 which doesn’t involve any asset. Applicants get the personal loan as per their income or salary.
Also, the tenure is flexible.
It takes merely 30 minutes for the approval of Personal Loan only 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 purposes. It involves a significant amount of funds. For such purposes, a person can quickly get a Personal Loan.
Education –Personal Loan can help in quality education for yourself or your child.
Medical – You never know when you meet with an accident, and you get out of cash. Personal Loan is the best option to get financial aid in such situations.
Vacations – Everyone 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.
Besides all, the Personal Loan can be used for other more purposes. It’s based on the applicant’s will.
Auraiya is a city in Auraiya district of Uttar Pradesh, India. Also, the nearest airport is Saifai Airstrip.