A personal loan is unsecured loan hence, it is not secured by any collateral. “Collateral” means something of value, that the lender can repossess if you don’t repay the account as agreed. Personal loans are backed only by your promise to repay, and for this reason, they are also known as “signature loans” or “unsecured loans.” This kind of financing usually (but not always) comes with a fixed interest rate and a term ranging from one to five years. You can avail Personal Loan Akaltara at affordable prices in the following manner.
Personal Loan Akaltara interest rate
Generally, the interest rate is 10.75%per annum, but interest rates are a function of your Credit score, the amount required, ability to pay back, and tenure selected. Interest rate which is charged on your principal loan amount depends on these factors:
CIBIL score: It is a three digit numeric score, which describes your credit history. This score is every individual’s credit payment history across loan types and credit institutions over a period of time.
Your Loan Requirements: Amount of Loan required for your financial necessities will shape your loan package. Interest rate and amount of EMI vary with a different principal amount of Loan.
Personal Loan Akaltara eligibility
The eligibility for availing a personal loan is different for both salaried and self- employed applicants.
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 secure?
The personal Loan falls under the category of unsecured loans, so there is no need to pledge any collateral security to the bank to get a personal loan. It is also beneficial to meet the urgent financial requirement of the applicant.
Benefits of Personal Loan Akaltara
First of all, a personal loan gets quickly approved within 30 minutes.
Then there is no need to pledge any collateral as it is an unsecured loan.
The process is convenient and hassle-free.
The applicant can use the loan amount as he/she likes.
Moreover, the Loan gets quickly disbursed within 24 hours.
The interest rates of a personal loan are low.
Identity proof- Aadhar card, pan card, voter card, passport, driving license.
Residence proof- Aadhar card, pan card, voter card, passport, utility bills in the name of the applicant, rental agreement in the name of the applicant.
Two latest colored passport size photographs are required.
Applicant should have Salary slips or Income proofs.
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.
Akaltara is a Nagar Palika and tehsil in Janjgir-Champa district in the state of Chhattisgarh, India. It is the birthplace of a great freedom fighter Thakur Chhedi Lal (Barrister). It has a population of 21333. Local spoken languages there are Chhattisgarhi and Hindi.
Personal Loan interests 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.