A Personal Loan is a loan provided by many commercial banks and Non-banking financial companies to help all those who require urgent money. Anyone can get a Personal Loan in Khadial depending on borrower’s credit history and capacity to pay back. It is available to both whether salaried or self-employed individuals. Personal Loan Khadial is the best loaning scheme for all needy borrowers.
Personal Loan Khadial Interest Rates
Various NBFCs and banks provide personal loans at different interest rates. A Personal Loan is generally offered at 10.75% p.a. 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 Khadial
Both self-employed and salaried applicants can avail 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, 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 customer should be working in an organisation for at least three months.
Minimum salary of the customer should be 18,000 per month.
The applicant should be getting his/her salary in the bank account.
For Self- Employed:-
First of all, the applicant should be an authorised 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 individual should be carrying his business for three years.
Next, the customer 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 Khadial
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 Khadial
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 NBFCs charge very nominal amount as foreclosure charges.
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 Khadial?
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 Khadial 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.
Khadial is a place in Sangrur District of Punjab State, India. The place is located 19 KM towards South from District head quarters Sangrur.
For more information please visit www.lendingwale.com.