Personal Loan
Personal Loans
Whether you are considering home improvements,
buying a new car, booking a dream summer holiday
or looking at cosmetic surgery…?
Then you need a Personal Loan.
Personal Loans IN Delhi and NCR
With Banks providing personal loan you can get instant money for a wide range of your personal needs like
-
Renovation of your Home
-
Marriage in the Family
-
For Buying Tata Nano
-
A holiday with your family
-
Your child’s education
-
Buying a Laptop or a home theatre
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Medical expenses or any other emergencies
Whatever be the reason, you no longer need to hold yourself back., just choose Personal Loan from any bank and put all your worries to rest.
LoansinDelhi offers quotes for Personal Loan in Gurgaon, Personal loan in Noida ,Personal loan in Delhi,Personal Loan in Ghaziabad,Personal loans in faridabad and Personal Loans in Indrapuram.
Compare personal loan offers and get best deals on personal loans in India from banks.Get Low Interest Rate Personal Loans .Get personal loans upto 17 Lakhs and upto 7 Years.Get short term and long term personal loans.Get Unsecured Personal Loan.Get Loans from Bank in Delhi and NCR .
Eligibility
A number of factors are taken into account when assessing your repayment capacity. Your income, age, number of dependants, qualifications, assets and liabilities, stability/ continuity
To qualify for a personal loan, the following criteria apply
- Applicant can be a salaried / self-employed individuals and should be a resident Indians.
- Professional self-employed individuals eligible for a personal loan are Doctors, Chartered Accountants, Cost Accountants, Company Secretaries, Architects, Engineers and Management Graduates.
- The minimum age of the Applicant / Guarantor should be 21 years for salaried and self-employed individuals.
- The maximum age of the Applicant / Guarantor at loan maturity should be 58 years for salaried individuals (60 years for Central Govt. employees) and 65 years for self-employed individuals.
- The minimum years in continuous employment / business should be 1 year for salaried individuals and 2 years for self-employed individuals.
- The minimum net annual income should be Rs.75,000 p.a. (including co-applicant’s or applicant’s income) for salaried and self-employed individuals.(Different banks Have different income criterias).
- The minimum stay at current residence should be 1 year for salaried and self-employed individuals
Documents required
- Complete loan application form with 4 photographs
| 2. Proof of Applicant’s Identity (any one of the following) | |
| Passport | Photo Pan Card |
| Defence Identity Card | Voter’s Identity Card |
| Driving Licence | Photo Ration Card |
| Government Identity Card | |
3. Proof of Residence
| Passport | Ration Card |
| Telephone (Land/Mobile) Bill | Electricity Bill |
| Driving Licence | Society Outgoing Bill |
| Voter’s Identity Card | Life Insurance Premium |
4. Proof of Age
| Passport | Voter’s Identity Card |
| Birth Certificate | School Leaving Certificate |
| LIC Policy or Premium clearly indicating the applicant’s age | Letter from the employer stating the age of the employee* |
| Photo Ration Card | |
| * Applicable only for employees of select Public Limited Companies. Conditions apply. | |
5. Financial documents
| Salaried Individuals | Self-employed Individuals |
| Latest salary slip showing statutory deductions OR |
Computation of income for the last 2 years certified by a C.A. OR |
| Form 16 (Declaration from employer giving details of income and deductions, duly signed by an authorised signatory of the company) OR |
P&L and Balance Sheet for the last 2 years certified by a C.A. AND |
| Latest acknowledged IT Return AND |
Copies of acknowledged IT Returns for the last 2 years AND |
| Bank statements for the last 3 months | Bank statements for the last 6 months |
Application Process
The moment you anticipate the need for the money, you can put in your application.
Service Charges
- Generally processing fee of 2% of the loan amount is applicable. These fees are deducted upfront from the disbursement amount.
- Generally Prepayment of the loan is possible after 180 days of availing the loan.
- Foreclosure charges as applicable would be levied on the outstanding loan.
- Part pre-payment is not allowed.
- No other fees or commitment charges are levied.
| Description of Charges | Personal Loans |
| Loan Processing Charges / Renewal Charges | 2* % of loan amount |
| Prepayment Charges (varies from bank to bank) | 5% on the principal outstanding |
FAQs
What are the minimum and maximum loan amounts?
You can avail of loans ranging from Rs 10,000/- to Rs 1,00,00,000/- depending on your eligibility, income and repayment capacity.
What are the loan tenure options?
The loan can be repaid over a period of 12 to 60 months.
Are there any additional charges?
A processing fee of 2% of the loan amount is payable upfront. This fee will be deducted from the disbursal amount payable to you.
How much time will it take for my loan to be approved?
Loans are approved within 72 -96 hours of submission of complete documentation.
Do I have to provide any security, collateral or guarantors?
No security, collateral or guarantors are required for obtaining a Personal Loan.
How do I repay the loan?
You can repay the loan in Equated Monthly Instalments (EMI’s) through post-dated cheques favouring Bank from which you are taking loan , or if you have an Bank account with the bank from which you are taking the loan you can mandate direct debit.
Can I prepay my loan?
Generally Yes, you can prepay the entire loan outstanding anytime after 180 days of availing the same. This may vary from bank to bank Prepayment charges as applicable would be levied on the outstanding loan amount.
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- Personal Loan In Delhi
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Personal Loan in Noida
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Personal Loan in Gurgaon
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Personal Loan in Faridabad
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Personal Loan in Ghaziabad
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Personal Loan in Indrapuram
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Personal Loan in NCR.
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