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Personal Loan Badali Ala Singh

Personal Loan @ 10.50%

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Personal Loan Badali Ala Singh

Personal Loan Badali Ala Singh is an easy and fast way to secure funds when you face a situation where you find yourself in a sudden need of funds. There are various banks in the market, offering Personal loan at competitive rates and multiple benefits.

You need to have complete documentation to get the loan. Also, it doesn’t need any collateral asset. Lenders offer a wide range of repayment plans, which is suited for different financial profiles.


Eligibility criteria for Personal Loan Badali Ala Singh

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 applicant needs to be 21 years for salaried person and for 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.
Also, the salaried applicants should receive a salary in his bank account.
Also, the monthly income of the salaried applicant should be Rs. 18000 minimum.
Lastly, the self-employed applicants should pay at least for the last three years an ITR of Rs. 2.5 Lacs


Personal Loan Badali Ala Singh Documentation

First of all, you need 2 coloured 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 is given as proof.
Further, 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 Badali Ala Singh Interest Rates

Usually, the interest rate is 10.75% p.a. which is quite reasonable. These rates varies time to time due to various factors like the amount of credit, bank and NBFC’s, etc.


Pre-closure Charges

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 Badali Ala Singh

The applicants can freely select the term of their loan from 1 year to 5 years. It depends upon the applicant’s convenience.


Methods of Repayment

Personal loan repayment is made 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 Badali Ala Singh

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 more convenient.
You can visit our site,
Applicants get the loan as per their income or salary they earn.
The applicant does not have any restrictions on the end use of loan amount.
Also, tenure is flexible.
A personal loan is that which doesn’t include any asset.
Lastly, it takes only 30 minutes for the approval of the Personal Loan only if the applicant is fulfilling the eligibility.


Where can the Personal Loan amount be used?

The personal Loan amount can be used for multiple reasons. But still, the reasons are to be given.
Wedding – a personal loan can be applied for wedding purposes as it involves a significant amount of funds. So, a person can quickly get a Personal Loan and complete its need.
Education –Personal Loan can be helpful in having quality education for yourself or your child.
Medical – You never know when you meet with an accident, and you get out of cash. A personal loan is the best option to get financial aid in such situations.
Vacations – Everyone wants to enjoy in their lives and what can be better than going on Vacations. But this can cost you heavier. So in this scenario, the personal loan provides you a boost up.
At last, it’s based on the applicant’s will.


About Badali Ala Singh

Badali Ala Singh village is located in the Fatehgarh Sahib District of Punjab state, India.