Personal Loan Banki
Personal Loan Banki is now at your service with secure processing and least documentation. It is one of the great options for financing your personal requirement.
It comes up with the least number of formalities and reasonable rates. The person can borrow a large number of funds without mentioning the reasons to the bank.
Eligibility criteria for Personal Loan Banki
The applicant needs to fulfill some criterion. You are eligible to get the personal loan if you are a salaried employee or a Self Employed. Further, you need to perform 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.
Moreover, the monthly income of the salaried applicant should be Rs. 18000 minimum.
Lastly, the self-employed applicants should pay the last three years ITR of Rs. 2.5 Lacs at least.
Personal Loan Banki Documentation
First of all, one needs 2 colored passport size photographs.
Also, you must have some documents for identity proof, Residential proof and Income proof.
You need to submit PAN card or Aadhar card or Voter Id card or Driving license or Passport for Identity and Residential proof.
Moreover, you need a bank statement or your salary slips of the last 6 months as income Proof. For a self-employed, you need to add your income tax return statement of the previous 3 years.
Personal Loan Banki 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.
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 Banki
The borrowers select the tenure of their loan from 1 year to 5 years. It depends upon their convenience completely.
Methods of Repayment
Personal loan is repaid in 3 ways:
Overdraft- Overdraft facility provides the customer to pay only the used amount for that particular time of the loan. No interest is charged.
Term Loan- The customer pays the bank per month interest rate, and in the end, also he will pay the principal amount.
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 Banki
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 using online is hassle-free.
You can apply on our website, www.bookmyloans.in.
This loan doesn’t involve any asset. Applicants get the personal loan on the basis of their income or salary.
The applicant does not have any rules and restrictions on the end use of loan amount.
Also, 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 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 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.
At last, it’s totally based on the applicant’s will.
About Banki
Banki is a town in Cuttack district in the state of Odisha, India. Banki is known for its Charchika Temple, dedicated to the deity of Chamunda, an incarnation of Durga.