A personal loan falls under the category of unsecured loans which is availed for financial requirements. The loan comes handy when you have unexpected expenses to take care of. The loan is usually taken from a bank or NBFC’s. The approval of Personal Loan Aizwal is based on the income of the applicant. Besides this, the Credit history of the applicant also plays an essential role in availing a Personal Loan. Personal Loan is an unsecured loan.
Personal Loan Aizwal interest rate
Generally, the basic rate of interest in the personal Loan is 10.75% per annum. However, it can be changed from time to time and as per the customer requirement. A personal loan is available at different interest rates depending on various factors like the income of the applicant, the amount of Loan the applicant requires, and the company in which the customer is working.
Personal Loan Aizwal eligibility
A personal loan is available to both salaried and self-employed persons, and both have different eligibility criteria.
For salaried persons
First of all, residency: the person should be a permanent resident of India.
After that, the minimum age: the person should be 21 years.
Maximum age: The maximum age of the applicant should be 60 (at the completion of the loan).
Credit score: The minimum credit score of the applicant should be 700.
Salary: The salary of the applicant should not be less than 18000.
First of all, citizenship: he should be an Indian.
Secondly, the age: applicant should be between 25 – 65 years.
ITR file: The applicant should be filing ITR minimum of Rs. 2.5 lakh annually for the last three years.
Business: He/ she should have been running his business from the last five years.
Is Personal Loan secured?
A personal loan is an unsecured loan where the borrower can get a loan from banks and NBFC’s without keeping any collateral security. It is also beneficial to meet the urgent financial requirement of the applicant.
Benefits of Personal Loan Aizwal
Loan is approved within 30 minutes.
Low rate of interest.
Speedy and hassle-free approval of the personal loan.
Since, it is an unsecured loan, there is no need to pledge any collateral.
Applicant can use the loan amount anyway he/she likes.
Personal loan requires minimal documentation.
Disbursal of personal loan requires only 24 hours.
Identity proof: Aadhar card, pan card, voter card, passport, and driving license.
Residence proof: utility bills and rental agreement in the name of the applicant.
Photographs: Two latest colored passport size photographs are required.
Bank details: The Applicant should have proper Bank account details of the last six months.
How to apply online?
First of all, you need to visit our website, i.e., www.lendingwale.com.
After that, you need to fill your necessary information.
Make sure you fill your correct information so that we can contact you.
Now, once you are done with the formalities, all you need to do is sit and chill, our relationship manager will contact you as soon as possible.
Our relationship manager will compare different loaning schemes according to your eligibility and select the best loaning scheme for you.
At last, your loan will get disbursed within 24 hours.
The applicants are free to choose the mandate of the Loan according to their convenience. It can be from 1 to 5 years.
Aizwal is the capital city of Mizoram in India having a total population of 2,93,416. It’s the largest city in Mizoram. The total area of Aizwal is 457 km2. The official language of Mizoram is Mizo. The literacy rate is 98.36%. The major media in Aizawl is available in Mizo and English Language.
Personal Loan interest rates
|Bank||Interest Rates||Processing Fees|
|HDFC Bank||10.99% to 18%||2% to 2.5%|
|ICICI Bank||13.99% to 18%||2%|
|Fullerton India||17.25% to 32%||2% to 3%|
|Bajaj Finserv||13.99% to 16.75%||2% to 3%|
|Axis Bank||15.50% to 24%||1.5% to 2%|
|Standard Chartered Bank||15.75% to 22%||2% to 3%|
|Kotak Mahindra Bank||13.75% to 19%||2%|
|Andhra Bank||13.50% to 22%||0.5% to 1.5%|
|Bank of Baroda||13.50% to 19%||2%|
|Vijaya Bank||13.75% to 22%||1.5% to 2%|
|Corporation Bank||14.50% to 20%||1.5% to 3%|
|Allahabad Bank||13.70% to 20%||1.5% to 2%|
For more information, visit www.lendingwale.com.