A personal loan is very beneficial when someone is going through a financial crisis. It has many benefits, and it can be used for many purposes like planning a vacation, financing your child’s education, and many more. Commercial banks and Non-banking financial companies provide a Personal Loan to the borrowers. Approval of a Personal Loan in Katihar is speedy.
Personal Loan Katihar Interest Rates
Various NBFC’s and commercial banks provide personal loans at different interest rates. The general rate of interest in having a Personal loan is 10.75% per annum, which is less than even 1 % per month. The interest rate on Personal Loan varies according to the person’s need as higher the loan amount lesser will be the interest rates.
Eligibility for availing a Personal Loan Katihar
Both self-employed and salaried applicants can get a personal loan, but the criteria are different for both the borrowers.
First of all, the borrower should be a citizen of India/ Permanent Resident.
Secondly, the minimum age of the applicant should be 21 years.
Next, the maximum age should not be more than 60 years (at the completion of the loan.)
After that, the applicant should be working in an organization for at least 3 months.
Minimum salary of the applicant should be at least 18,000 per month.
The applicant should be getting his salary in the bank account.
For Self- Employed:-
First of all, the applicant should be an authorized citizen of India/ Permanent Resident.
Secondly, Minimum age of the applicant should be 25 years.
Next, the applicant’s maximum age should not be more than 65 years (at the completion of the loan.)
After that, the applicant should be carrying his business for at least three years.
Next, the applicant should be filing his Income Tax Returns at least for three years with a minimum amount of Rs. 2.5 lakhs.
Tenure of Personal Loan Katihar
Generally, the tenure of Personal Loan is 1 – 5 years, but it depends on the customer Credit history and his paying capacity.
Foreclosure of Personal Loan Katihar
The applicant can avail foreclosure facility if he is having enough funds and doesn’t want to pay the future Installments. To close the loan before the Tenure, the applicant can avail the foreclosure facility. The banks and NBFC’s charge very nominal amount as foreclosure charges.
Required Documents for Personal Loan Katihar
The borrower doesn’t need a lot of documents for availing a Personal Loan. Some documents are needed, and they all are listed below:-
Identity Proof – PAN card/ Ration card/ Voter card/ Passport/ Aadhar Card.
Residence Proof – Aadhaar card/ PAN card/Voter card/ Passport/ Ration Card/ rent agreement on the name of the applicant/ Utility bills on the name of the applicant.
A salaried applicant should have Salary slips of at least the last three months.
A self- the employed applicant should have Income Tax Returns of at least last three years.
Two latest coloured passport size photographs.
How to Apply for Personal Loan Katihar online?
First of all, you have to visit our website, i.e., www.lendingwale.com.
Secondly, fill your necessary information on the form.
Once you are done with the formalities, our relationship manager will contact you.
After that, our relationship manager will compare and select the best loaning 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 the loan disbursed.
Personal Loan Katihar Benefits
First of all, there is no need to pledge any security.
Secondly, the process is straightforward and speedy.
Next, it requires minimal documentation.
The loan gets quickly approved.
After that, the applicant doesn’t require any guarantor.
Besides all these, the disbursal of the loan amount is fast.
Katihar is a place in Katihar District of Bihar State, India. It belongs to Purnia.
For more information, please visit www.lendingwale.com