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Personal Loan Khatima

A Personal Loan in Khatima is available to both salaried as well as self-employed individuals depending upon the credit history and ability to repay. Personal Loan Khatima is a scheme in which there is no need to pledge any security. Any individual can avail a Personal Loan. Many banks and Non-banking financial companies provide this facility to the needy customers.

Personal Loan Khatima Interest Rates

Various NBFCs and commercial banks provide a Personal Loan 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 Khatima

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 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 borrower should be an authorised citizen of India/ Permanent Resident.

Secondly, Minimum age of the customer should be 25 years.

Next, the borrower’s 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 Khatima

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 Khatima

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 date of tenure, the applicant can avail the foreclosure facility. Many banks and NBFCs charge very nominal amount as foreclosure charges.

Required Documents for Personal Loan Khatima

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 Khatima?

Firstly, the applicant has to visit our website, i.e., lendingwale.

Secondly, a borrower should fill his/her basic information.

Once you are done with formalities, our relationship manager will contact you.

Then, 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 Khatima Benefits

First of all, there is no requirement for 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 benefits, the disbursal of the loan is fast.

About Khatima

Khatima is a place in Udam Singh Nagar District of Uttarakhand State, India. The town is located 65 KM towards East from District head quarters Rudrapur.

For more information, please visit our website, lendingwale.