Personal Loan Azhiyannur
Need instant money for personal reasons? No issues at all.
Personal Loan Azhiyannur is available at your doorstep to meet your financial needs. With easy documentation and fast processing, you can get a personal loan. It is one of the ideal ways to meet your business requirements.
Eligibility criteria for Personal Loan Azhiyannur
The applicant needs to fulfill a specific 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, You require being 21 years for salaried person. If you are self-employed, then it is 25 years.
After that, one should be a citizen or permanent resident of India.
The maximum age limit at the time of maturity for the entire salaried applicants should be 60 years and 65 years for the self-employed applicant.
Furthermore, the applicant needs to have a minimum Credit Score 700.
Then, the applicant should have a rigid source of income.
Also, the monthly income of the salaried applicant must be Rs. 18000 minimum.
Lastly, for the self-employed applicants should pay ITR of Rs. 2.5 Lacs for 3 years at least.
Personal Loan Azhiyannur Documentation
First of all, you need 2 colored passport size photographs.
After that, the applicant must have some documents as their identity proof, Residential proof and Income proof.
Also, 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, you need to provide income Proof. You can submit your Bank statement or 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 Azhiyannur Interest Rates
Basically, the interest rate of personal loan is 10.75% p.a. But it changes time to time due to reasons like the amount of loan, bank, etc.
The pre-closure facility is available in Personal loans, but it has some penalty charges. As a result, these charges are 0-2%.
Tenure of Personal Loan Azhiyannur
The applicants choose the period of their loan from 1 year to 5 years freely. It depends upon the applicant’s wish.
Methods of Repayment
A personal loan provides 3 repayment options:
Term Loan- The customer pays the bank per month interest rate, and in the end, also he will pay the principal amount as well.
Overdraft- Overdraft facility provides the customer to pay only the used amount for that particular time of the loan. Also, no interest is 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 Azhiyannur
It is more convenient to Apply. The applicant can apply online in 2 minutes. Moreover, the Personal Loan is available offline as well, but applying online is hassle-free.
You can visit our website, www.bookmyloans.in.
The applicant does not have any rules on the end use of loan amount.
Also, the tenure of the loan is flexible.
Also, applicants get a personal loan as per their income or salary. That’s why personal loan doesn’t involve any asset.
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 taken for multiple uses. But still, the reasons are to be specified.
Wedding –For wedding purposes, a person can quickly get Personal Loan.
Education –Personal Loan can be helpful when you want to receive quality education for yourself or your child, but you don’t have money.
Medical – You never know when you face a health problem and but get out of cash. Personal Loan is the best way to get financial aid in such situations.
Vacations – Everyone wants to have fun in their lives and what else will be there than holidays. But this can be expensive. So in such a scenario, the personal loan can help you in boosting up.
Azhiyannur is a small Village in Palakkad District of Kerala State, India. Malayalam is the Local Language.