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Personal Loan Villupuram

Personal Loan @ 10.50%

Apply & Get Instant Approval

Personal Loan Villupuram is the most resourceful way to get yourself out of the darkness of short funds. It is not only readily available but also provide the advantage of minimal documentation.

So don’t wait. Apply now for the Personal Loan Villupuram.


Eligibility criteria for Personal Loan Villupuram

The applicant needs to complete some standard. One is eligible to get the personal loan if he is a salaried employee or a Self Employed. Further, one needs to consider the following requirements:

Firstly, the borrower needs to be 21 years of age for salaried person and for self-employed borrowers, then it is 25 years.

Moreover, the borrower should be a citizen or permanent resident of India.

The maximum age for the salaried borrowers should be 60 years at the time of maturity of the loan and 65 years for the self-employed borrowers.

Also, the applicant needs to have a Credit Score of 700 minimum.

Applicant should have a rigid source of money.

Moreover, the salaried applicants should receive a salary in his/her bank account.

Also, the monthly income of the salaried applicants should be Rs. 18000 at least.

Lastly, the self-employed applicants should pay for the last three years an ITR of Rs. 2.5 Lacs.


Personal Loan Villupuram Documentation

First of all, you need to have 2 coloured passport sized photographs.

Also, you must have some papers for the identity proof, Residential proof and the Income proof.

You need to submit a PAN card or Aadhar card or Voter Id card or Driving license or Passport for the Identity and Residential proof.

Also, you need to provide a bank statement or any salary slip of the last 6 months as income Proof. For a self-employed borrower, you need to add your income tax return statement of the previous 3 years.


Personal Loan Villupuram Interest Rates

The interest rate changes with time due to multiple reasons like the amount of loan, bank or NBFC, etc. However, usually, the rate is 10.75% p.a.


Pre-closure Charges

Personal Loans provides the borrower with the Pre-closure facility, but it includes some penalty charges. Generally, these charges are 0-2%.


Tenure of Personal Loan Villupuram

The borrowers are free to select the period of their loan from 1 year to 5 years. It depends on the applicant’s wish.


Methods of Repayment

A personal loan has provided 3 repayment modes:

Term Loan- The borrower pays the bank per month interest rate, and at the end, he will pay the principal amount of loan.

Overdraft- Overdraft facility benefits the customer to pay only the used amount for that particular time of the credit. There are no interest charges upon this mode.

EMI- EMI under which the bank makes the instalment of a part of interest rate and principal value after which the customer need to pay it per month.


Features of the Personal Loan Villupuram

It is convenient and quick to Apply. The candidate can apply online within 2 minutes. Moreover, the loan is available offline as well, but the online method is more suitable.

You can visit our website at

A personal loan is that loan which doesn’t involve any collateral. The borrower gets the personal loan as per their salary or Income.

The borrower is not bounded by any restrictions on the end use of credit amount.

Also, tenure of credit is flexible.

It takes only 30 minutes for the approval of Personal Loan if the borrower is completing the eligibility.


Where can Personal Loan amount be used?

This personal loan is for multiple usages. But still, reasons are to be given.

Marriage – a personal loan can be applied for wedding needs as it involves a massive amount of funds. For such requirements, a person can quickly get a Personal Loan.

Education – Personal Loan can help have a good education for yourself or your ward.

Medical – You cannot even imagine when you get to face an accident and get out of funds. A personal loan is the best option to get financial aid in such situations.

Vacations – Everyone desire to get out of their busy life and what else can be better than going on holidays. But this can cost heavier. So in this case, the personal loan provides you a boost up.

At last, it is on the applicant’s will.


About Villupuram

Viluppuram is a town and district in the state of Tamil Nadu, India.  It is the largest district in the Tamil Nadu state. Also, as per the 2011 census, the town had a population of 96,253.