Various banks and NBFCs provide a Personal Loan. Personal Loan in Kohali is a scheme in which the borrower doesn’t have to pledge any security to the banks. It is an unsecured loan. The Loan is available to both self-employed and salaried individuals. To get, Personal Loan Kohali there is no need of any guarantor. The credit history of the customer plays a vital role in getting a Personal Loan.
Personal Loan Kohali Interest Rates
Various banks and NBFCs provide personal loans at different rates. A Personal Loan is usually offered at 10.75% p.a by multiple banks. The interest rate varies according to the borrower’s need as higher the loan amount lesser will be the interest rates.
Eligibility for availing a Personal Loan Kohali
Both self-employed and salaried candidates can avail a personal loan, but the criteria are different for both the customers.
First of all, the candidate should be a citizen of India/ Permanent Resident.
Secondly, the least age of the borrower should be 21 years.
Next, the age of the borrower should not be more than 60 years (at the completion of a loan.)
After that, the borrower should be working in an organisation for at least the last 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 borrower 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 Kohali
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 Kohali
The customer can avail a 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. Various banks and NBFCs charge very nominal amount as foreclosure charges.
Required Documents for Personal Loan Kohali
The borrower doesn’t require a lot of documents for availing a Personal Loan. Some basic documents are required, 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 customer/ Utility bills on the name of the customer / 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 Kohali?
Firstly, the customer has to visit our website, i.e., www.lendingwale.com.
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 then 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 disbursed.
Personal Loan Kohali Benefits
First of all, there is no need for any collateral.
Secondly, the process is simple.
Next, it requires minimum documentation.
The approval of the loan is quick.
After that, the applicant doesn’t need a guarantor.
Besides all these, the disbursal is fast.
Kohali is a small village in Amritsar District of Punjab State, India. The place is located 21 KM towards west from District head quarters Amritsar.
For more information, please visit www.lendingwale.com.