If you are planning your dream vacation but not having enough funds, then Personal Loan is the best loaning scheme for you. A Personal Loan in Khedbrahma can be availed by both salaried and self-employed individuals. Many commercial banks and NBFCs provide this loaning scheme to the needy borrowers. Personal Loan Khedbrahma can be used for renovating your house, sending your son abroad for higher studies and many more.
Personal Loan Khedbrahma Interest Rates
Various NBFCs and banks provide a personal loan at different interest rates. A Personal Loan is generally offered at an interest rate of 10.75% per annum. 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 Khedbrahma
Both self-employed and salaried applicants can get a personal loan, but the criteria are different for both the borrowers.
For Salaried:-
First of all, the borrower should have Indian citizenship/ Permanent resident.
Secondly, Minimum age of the borrower should be 21 years.
Next, the 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 Rs 20,000 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 applicant’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 Khedbrahma
Generally, the tenure of a Personal Loan is 1 – 5 years, but it depends on the customer and his/her paying capacity. The paying capacity of the customer plays an important role.
Foreclosure of Personal Loan Khedbrahma
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 customer can avail the foreclosure facility. Many banks and NBFCs charge very nominal amount as foreclosure charges.
Required Documents for Personal Loan Khedbrahma
For availing a Personal Loan only some important documents are required and they all 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 Khedbrahma?
Firstly, The applicant has to visit our website, i.e., lendingwale.
Then, the 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, once you have decided from where you want to get the loan, our relationship manager will help you to get your loan amount disbursed.
Personal Loan Khedbrahma Benefits
First of all, there is no need 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 any guarantor.
Besides all these, the disbursal is fast.
About Khedbrahma
Khedbrahma is a small Village in Khedbrahma Taluka in Sabar Kantha District of Gujarat State, India. The place comes under Khedbrahma Panchayath.
For more information please visit our website, lendingwale.