All About Personal Loan Kavali
A Personal Loan is provided by various commercial banks and Non-banking financial companies to help all those who require urgent money. Anyone can avail a Personal Loan in Kavali depending on his/her credit history and capacity to pay back. It is available to both self-employed and salaried individuals. This is the best loaning scheme for all needy borrowers.
Personal Loan Kavali Interest Rates:
Various NBFC’s and banks provide personal loans at different interest rates. A Personal Loan is generally offered at 10.75% p.a., which is less than even 1 % per month. The rate of interest varies according to the borrower’s need as higher the loan amount lesser will be the interest rates.
Eligibility for availing a Personal Loan Kavali:
Both self-employed and salaried applicants can avail a personal loan, but the criteria are different for both the borrowers.
For Salaried:-
First of all, the borrower should be a citizen of India/ Permanent Resident.
Secondly, Minimum age of the borrower should be 21 years.
Next, the maximum age of the applicant should not be more than 60 years (at the completion of a loan.)
After that, the individual should be working in an organization for at least 3 months.
Minimum salary of the customer should be 18,000 per month.
The applicant should be getting his/her salary in 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 borrower’s maximum age should not be more than 65 years (at the completion of the loan.)
After that, the customer should be carrying his business for 3 years.
Next, the applicant should be filing Income Tax Returns at least for three years with a minimum amount of Rs. 2.5 lakhs.
Tenure of Personal Loan Kavali:
Generally, the tenure of a Personal Loan is 1 – 5 years, but it depends on the customer and his paying capacity.
Foreclosure of Personal Loan Kavali:
The borrower 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. Many banks and NBFC’s charge very nominal amount as foreclosure charges.
Required Documents for Personal Loan Kavali:
The customer doesn’t require a lot of documents for availing a Personal Loan. Some basic documents are needed, and they are listed below:-
Identity Proof – Aadhaar card/ Passport/ Ration card/ Voter card/ Passport/ PAN card.
Residence Proof – Aadhaar card/ Ration card/ Voter card/ Passport/ rent agreement on the name of the applicant/ Utility bills on the name of the applicant / PAN card.
A salaried individual should have salary slips of last three months.
A self- the employed individual should have Income Tax Returns of the last three years.
Two latest coloured passport size photographs.
How to Apply Online for Personal Loan Kavali?
Firstly, you have to visit our website i.e., www.lendingwale.com.
Secondly, a borrower should fill his/her basic information.
Once you are done with the formalities. Our relationship manager will contact you.
After that, our relationship manager will compare and select the best loan for you.
At last, you have decided from where you want to avail the loan; our relationship manager will help you to get your loan amount disbursed.
Personal Loan Kavali Benefits:
First of all, there is no need to provide any collateral.
Secondly, the process is straightforward.
Next, it requires minimum documentation.
The approval of the loan is quick.
After that, the applicant doesn’t require a guarantor.
Besides all these, the disbursal of the loan is fast.
About Kavali
Kavali is a city in Nellore District of Andhra Pradesh State, India. The place belongs to Andhra region.
For more information please visit www.lendingwale.com.