A Personal Loan Narayanpet is a kind of loan that a financial institution provides to your monetary need without keeping an asset as collateral. A basic set of credible documents suffices the purpose and the verification need of the money lending firm. However, the need for the loan must be legitimate enough for its sanctioning. You can use a personal loan for staging a wedding, buying a gadget, financing for education, renovating your house, paying emergency medical bills or making a down payment for investment.
Personal Loan Narayanpet Interest Rates
The interest rates in Personal Loan may vary from person to person as it totally depends upon the salary of the applicant and the company’s profile. The interest rate of personal loan starts from 10.75% per year.
Personal Loan Narayanpet Tenure
The tenure of the Personal Loan is 1 year- 5years.
Personal Loan Narayanpet Eligibility Criteria
For Salaried:-
Firstly, the applicant must be an authorized citizen of India/ Permanent Resident.
After that, Minimum age of an applicant should be above 21 years.
Moreover, the applicant’s maximum age should be 60 years
After that, the customer should be working in an enterprize for at least 3 months.
The Credit Score of the applicant should be at least 680+
Minimum salary of the customer should be at least 20,000 p.m.
The customer should be getting his salary in the bank account.
For Self- Employed:-
Firstly, the customer must be an authorized citizen of India, Permanent Resident.
Secondly, Minimum age of the customer is 25 years.
Next, the customer maximum age should be 60 years (at the completion of the loan.)
The Credit Score of the applicant should be at least 680+
Moreover, the candidate should be carrying his business for at least 3 years.
Next, the customer should be filing his ITR at least for 3 years with a minimum amount of Rs. 2.5 lakhs.
Documentation of Personal Loan in Narayanpet
Identity proof (Driving license /Passport/ Aadhar card voter card)
Residence proof (aadhar card /passport/ driving license/ voter card/ driving license/ ration card). If the customer is living in a rented flat, then he has to submit the rental agreement.
2 passport size coloured snaps.
PAN card of the customer has to be submitted under KYC formality.
If the applicant is salaried, then he has to submit his salary slip of the last three months and the bank statement of the latest six months.
If the customer is self-employed one, then he has to submit the ITR of the last three years, and registration of their business should be done.
How to Apply Online for Personal Loan?
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, just 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 Narayanpet Benefits
First of all, there is no need to mortgage any collateral.
Secondly, the process is speedy and straight forward.
Next, it has minimal documentation.
The loan gets quick disbursal.
After that, the customer doesn’t need any guarantor.
Besides all these, the approval of the loan amount is fast and simple.
About Narayanpet
It is a town situated in Narayanapet District of Telangana, India. For more information please visit www.lendingwale.com.