Someone who is facing a financial crisis should avail a Personal Loan Fazilka. It is the only loan which doesn’t require any guarantor neither it requires any collateral. This loaning scheme is best for all those applicants who don’t want to pledge their precious assets. This loaning scheme has many benefits as it gets quickly approved and disbursed. Most importantly, the loan requires minimal documentation.
Personal Loan Fazilka Interest Rates
Many NBFCs and banks provide personal loans at different rates. Generally, personal loans are offered at 10.75% annually. The interest rate varies according to the customer’s need as higher the loan amount lesser will be the interest rates.
Eligibility for availing a Personal Loan Fazilka
Both Self-employed and Salaried applicants can avail a personal loan, but the criterion is different for both the customers.
For Salaried:-
Firstly, the borrower should be an Indian citizen.
Secondly, the applicant’s age should be at least 21 years.
Next, the applicant’s age should not be above 60 years.
After that, the borrower should be working in a company from the last three months.
Minimum salary of the customer should be Rs 20,000 per month.
For Self- Employed:-
Firstly, the borrower should be an Indian citizen.
Secondly, the applicant’s age should be at least 25 years.
Next, the applicant’s age should not be above 65 years.
After that, the person should be carrying his/her business for at least three years.
Next, the customer should be filing his/her Income Tax Returns at least for three years with a minimum amount of Rs. 2.5 lakhs.
Foreclosure of Loan Personal Loan Fazilka
A foreclosure facility is available for the applicant if he/she wants to close the loan before the date of tenure. The banks charge a very nominal amount as foreclosure charges.
Documents Required for Personal Loan Fazilka
The borrower doesn’t require too many documents for availing a personal loan. Some necessary documents are needed, and they are mentioned below:-
Identity Proof – An Aadhaar card/ Passport/ PAN card/ Ration card/ Voter card.
Residence Proof – Aadhaar card/ Ration card/ Voter card/ PAN card/ Passport / rent agreement on the name of the applicant/ Utility bills on the name of applicant.
A salaried person should have salary slips of at least last three months.
A self- the employed person should have Income Tax Returns of at least last three years.
Two latest coloured passport size photographs.
How to Apply Online for Personal Loan Fazilka?
First of all, you have to visit our website, i.e., www.lendingwale.com.
Secondly, you should fill your details on the form.
Once you are done with formalities, all you need to do is just relax. Our relationship manager will contact you.
After that, our relationship manager will select the best loan scheme for you.
At last, once you have decided from which bank you want to avail the loan; our relationship manager will help you to get your loan disbursed.
Personal Loan Fazilka benefits
First of all, the applicant doesn’t have to pledge any security.
Secondly, the process is speedy.
Next, it requires minimum documentation.
A personal loan gets quickly approved.
After that, the customer doesn’t need any guarantor.
Besides all these, the loan disbursal is very quick.
About Fazilka
Fazilka is a small city situated in Punjab, India.
For more information please visit www.lendingwale.com.