A Personal Loan Sanjan 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 etc.
Personal Loan Sanjan Interest Rates
As compared to other loans such as home loans, a personal loan has lower operating costs by nature along with no hidden charges.
As such, it is generally offered at very affordable interest rates. The current lowest personal loan interest rate is 10.75% p.a. and onwards.
Personal Loan Sanjan Tenure
The time period of the Personal Loan is 1 year to 5years.
Personal Loan Sanjan Eligibility Criteria
- 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 aspirant’s maximum age should be 60 years
- After that, the customer should be working in an enterprize for at least three months.
- Minimum salary of the customer should be at least 20000 per month.
- The customer should be getting his salary in the bank account.
For Self- Employed:-
- Firstly, the borrower must be an authorized citizen of India, Permanent Resident.
- Secondly, Minimum age of the customer is 25 years.
- Next, the borrower maximum age should be 60 years (at the completion of the loan.)
- 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 Sanjan
- Identity proof (Aadhar card/ Driving license/ Passport voter card)
- Residence proof (passport/ aadhar card /driving license/ ration card/ voter card). If the customer is living in a rented flat, then he has to submit the rental agreement.
- 2 passport size coloured photos.
- PAN card of the borrower has to be submitted under KYC formality.
- If the aspirant is salaried, then he has to submit his salary slip of the latest 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 Sanjan?
- Firstly you have to visit our website i.e., www.lendingwale.com.
- Secondly, you need to fill your necessary information on the form.
- Once you are done with all the formalities, now relax. 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 Sanjan Benefits
1- Fixed rate of interest: Personal loans are usually available on a fixed rate of interest. This means the EMI will remain fixed for the entire loan tenure. Thus, you do not need to worry about the interest rate changes.
2- Quick disbursal: You will get a personal loan in just 72 hour time, if you are able to meet the eligibility criteria and have a good credit score. In fact, some banks provide the facility of online approval of loans for their existing customers.
3- Flexibility: You have the flexibility to choose the tenure that suits you the best. Longer tenure means lower EMI and shorter tenure means higher EMI. Thus, you can decide the tenure after calculating the EMI.
4- No limitation: This is one of the most important benefits of personal loans, as unlike home loans this can be used for any purpose. In short, there is no limitation on the use of personal loan. In case of any urgent needs of funds, personal loans are the easiest way of getting cash.
It is a town located in Valsad district of Gujarat, India. It is good to take a personal loan from Lendingwale as we provide a loan at an affordable rate of interest. For more information please visit www.lendingwale.com.