With a personal loan, you can take advantage of Flexible EMI plans, higher loan amount, and flexible tenure options. Although, the quantum of a personal loan to the customer depends on many factors such as borrower’s credit history, existing mortgages, company with which you are currently employed & the number of years of relationship with the bank, etc. Personal Loan Aur doesn’t require any collateral security.
Personal Loan Aur interest rate
The rates of interest of the personal Loan depend on the various factors like the income of the applicant, the amount of Loan the applicant requires, and the company in which the customer is working. Generally, the basic rate of interest in the personal Loan is 10.75% per annum. However, it can be changed from time to time.
Personal Loan Aur eligibility
A personal loan is available to both salaried persons and self-employed persons. And the criterion for both the applicants is different.
For salaried
Firstly, the customer should be a citizen of India/permanent resident.
After that, the minimum age should be 21 years.
The maximum age for availing a personal loan is 60 years (at the time of completion of the loan).
The minimum credit score of the applicant should be 700.
The salary of the applicant should not be less than 18000.
For self-employed
First of all, the borrower should be a citizen of India/ permanent resident.
Secondly, the age of the applicant should be between 25 – 65 years.
He/she should be filing ITR minimum of Rs. 2.5 lakh annually for the last three years.
He/she should have been running his business from the last five years.
Is Personal Loan secured?
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 Aur
The approval of the personal loan is speedy and hassle-free.
It is an unsecured loan, so there is no need to pledge any collateral.
The applicant can use the loan amount anyway he/she likes.
Personal loan requires minimal documentation.
The disbursal of personal loan requires only 24 hours.
The interest rates are low.
The loan gets approved within 30 minutes.
Documents required for Personal Loan Aur
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 coloured 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., 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.
Tenure of Personal Loan Aur
The applicants are free to choose the mandate of the Loan according to their convenience. It can be from 1 to 5 years.
About Aur
Aur is a small town which is located on the Nawanshahr to Phillaur National Highway. It is connected with many cities, including Phillaur, Nawanshahr, Banga, and Rahon. Aur is a block of 83 villages which is located 101 km From Punjab capital Chandigarh.
For more information, visit Lendingwale.