Personal Loan Mananthavady

Personal Loan at 10.75%*

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Personal Loan Mananthavady

A common man in India struggles with limited income. You have to meet your requirement with limited income. You can apply for Personal loan to get financial help. A personal loan is usually termed as an unsecured loan which is taken by individuals from banks or NBFC’s in order to meet one’s personal needs like for education, medical requirements or purchase any asset etc.

 

Personal Loan Mananthavady Interest Rates

Generally, a personal loan is offered at an interest rate of 10.75% per annum.

 

Eligibility for Availing A Personal Loan Mananthavady

Both salaried and self-employed applicants can get a personal loan, but the criterion is different for both the applicants.

For Salaried:-

First of all, applicant must be a citizen of India.

Secondly, Minimum age of the applicant should be 21 years.

Next, applicant must be a salaried individual. Minimum salary of the applicant should be at least 18,000 per month.

After that, applicant should be working in any of the following types of companies – MNC (Multinational), private or public limited company.

 The applicant should be getting his salary in the 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 applicant’s maximum age should not be more than 65 years (at the completion of the loan.)

After that, the business must be running from at least 3 years.

Next, the applicant should be filing his Income Tax Returns at least for three years with a minimum amount of Rs. 2.5 lakhs.

 

 

Foreclosure of Loan

The applicant can avail foreclosure facility if he is having enough funds and doesn’t want to pay the future Installments. The applicant can avail the foreclosure facility to close the loan before the Tenure.

 

Required Documents

The applicant doesn’t require a lot of documents for availing a Personal Loan. Some basic documents are required, and they all are listed below:-

Income proof-

Salary slips of the last 2 months as financial documents

Salary account bank statement of the last 3 months

A self- the employed applicant should have Income Tax Returns of at least last three years.

Employment proof-

Employee ID card

Identity Proof

Passport / Voters ID card / Driving license / PAN card

Address proof-

Passport / Driving license / Ration card / Latest mobile bill / A Letter from employer (with HR / Admin sign)

A self- the employed applicant should have Income Tax Returns of at least last three years.

Two latest coloured passport size photographs.

 

How to Apply Online?

Firstly you have to visit our website i.e., www.lendingwale.com.

Secondly, you should fill your necessary information on the form.

Once you are done with all the formalities, relax and chill. Our relationship manager will soon be in touch with you.

After that, our relationship manager will compare and select the best loaning scheme for you.

At last, you decide from which bank you want to avail the loan; our relationship manager will help you to get your loan disbursed.

 

Personal Loan benefits in Mananthavady

First of all, It helps consolidate credit card debt

Secondly, It helps you finance a big-ticket purchase

Next, it requires minimal documentation.

The loan gets quickly approved.

After that, the applicant doesn’t require any guarantor.

Besides all these, the disbursal of the loan amount is fast.

It helps you avoid paying high interest rate

It helps increase your credit score

 

About Mananthavady

It is located in Wayanad district of the Indian state of Kerala.

For more information please visit www.lendingwale.com.