Personal Loan Badakera

Personal Loan at 10.75% p.a

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Personal Loan Badakera

A personal loan comes with straightforward formalities and multiple repayment options. In no time you can avail yourself funds that you need. Also, Personal loans help you to deal with situations like marriage, medical expense, education, etc.

Personal Loan Badakera is available to you easily and quickly. So what are you waiting? Apply now for Personal Loan Badakera.

 

Eligibility criteria for Personal Loan Badakera

The applicant needs to fulfill a specific criterion. You are eligible to get the personal loan if you are a salaried employee or a Self Employed. Further, you need to fulfill the following requirements:
Firstly, the salaried person applicant should be 21 years and self-employed, 25 years.
Then, one should be a citizen or permanent resident of India.
The maximum age at the time of maturity for salaried applicants should be 60 years and 65 years for the self-employed applicant.
Also, the applicant needs to have a minimum Credit Score 700.
Applicant should have a rigid source of income.
It is required to receive a salary in his bank account for the salaried applicants.
Also, the monthly income of the salaried applicant must 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 Badakera Documentation

First of all, you need 2 colored passport size photographs.
Then, you must have some documents for your 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, income Proof is compulsory to be given 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 last 3 years.

 

Personal Loan Badakera Interest Rates

Basically, the interest rate of personal loan is 10.75% p.a. But it changes time to time due to various factors like the amount of loan, bank, etc.

 

Pre-closure Charges

Personal Loans is available to the applicant with the Pre-closure facility, but it includes some penalty charges. Generally, these charges are 0-2%.

 

Tenure of Personal Loan Badakera

The applicants are free to choose the tenure from 1 year to 5 years freely. It depends upon the applicant’s wish.

 

Methods of Repayment

There are various repayment options for Personal loan:
Term Loan- The customer pays the banker per month interest rate, and at the end of the term, 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. 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 Badakera

The application process is very convenient. One can easily 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.

Moreover, the applicant does not have any restrictions for the end use of the loan amount.
There is no use of any asset as collateral. Applicants get the loan as per their income or salary.
Also, the tenure of the loan is very flexible.
Moreover, 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 multi-purpose. But still, the reasons are to be specified.
Wedding – a personal loan can be applied for wedding purposes. But it involves significant funds. For such purposes, a person can quickly get a Personal Loan.
Education –Personal Loan can be beneficial when you need money for quality education for yourself or your child.
Medical – You never know when you face any uncertainty, and you get out of funds. A personal loan is the best option to get financial help in such situations.
Vacations – Everyone wants to fun in their lives and what is better than experiencing Vacations. But this can be quite expensive. So in such scenarios, the personal loan helps you to have a boost up.
Besides these, the Personal Loan can be applied for other more purposes. It’s totally based on the applicant’s will.

 

About Badakera

Badakera is a Village in Anugul District of Odisha State, India. Also, here, the local language is Oriya.

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