A personal loan is a type of loan used by the people for meeting the needs of the family members and also for their own needs. Example: To pay personal expenses, go on a vacation, purchase any asset etc.
Interest Rates for Personal Loan in Thirumangalam
Various NBFC’s and commercial banks provide personal loans at different interest rates. Generally, a personal loan is offered at 10.75% per annum, which is less tha. The interest rate varies according to the person’s need as higher the loan amount lesser will be the interest rates.
Documentation Required for Personal Loan in Thirumangalam
The applicant doesn’t need a lot of documents for availing a Personal Loan. Only basic documentation required, and they all are listed below:-
Identity Proof – Aadhaar card/ PAN card/ Ration card/ Voter card/ Passport.
Residence Proof – Aadhaar card/ PAN card/ Ration card/ Voter card/ Passport/ Utility bills on the name of applicant / rent agreement on the name of the applicant.
A salaried applicant should have salary slips of at least the last three months.
A self- the employed applicant should have Income Tax Returns of at least last three years.
Two latest coloured passport size photographs.
Eligibility for Availing A Personal Loan in Thirumangalam
There are some eligibility criteria for both salaried and self-employed
First of all, the applicant should be an authorised citizen of the India/ Permanent Resident.
Secondly, Minimum age of the applicant should be 21 years.
Next, the applicant’s maximum age should not be more than 60 years (after the loan.)
After that, the applicant should have a minimum of three months of experience in an organisation.
Minimum salary of the applicant should be at least 18,000 per month.
The applicant should be getting his salary in the bank account.
For Self- Employed:-
First of all, the applicant should be an authorised citizen of India/ Permanent Resident.
Secondly, Minimum age of the applicant should be 25 years.
Next, the maximum age of the applicants should not be more than 65 years (after the loan.)
Besides that, the applicant should be carrying his business for at least three years.
Lastly, the applicant 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 in Thirumangalam
The tenure of Personal Loan is minimum 1 and maximum of 5 years, but it depends on the customer and his paying capacity.
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.
Thirumangalam is a small town in the State of the Tamil Nadu, India.if you have any query please visit www.lendingwale.com.