PERSONAL LOAN BHADRAK

Personal Loan Bhadrak is a loaning scheme where the applicant doesn’t need any guarantor. It is a kind of unsecured Loan. A Personal Loan can be used for several purposes like planning a vacation, sending your son or daughter abroad for higher studies, renovating your home, and many more. Personal Loan is a loaning scheme which is provided by various commercial banks and NBFC’s.

Personal Loan Bhadrak Interest Rates

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 than even 1 % per month. Ther interest rate varies according to the person’s need as higher the loan amount lesser will be the interest rates.

Eligibility For Availing A Personal Loan

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, the applicant should be an authorized citizen of 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 (at the completion of the loan.)

After that, the applicant should be working in an organization for at least 3 months.

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 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 applicant should be carrying his business for 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.

Tenure of Personal Loan

Generally, the tenure of Personal Loan is 1 – 5 years, but it depends on the customer and his paying capacity.

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. The banks and NBFC’s charge very nominal amount as foreclosure charges.

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:-

Identity Proof – Aadhar card/ PAN card/ Ration card/ Voter card/ Passport.

Residence Proof – Aadhar 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 colored 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

First of all, there is no need to pledge any security.

Secondly, the process is straightforward and speedy.

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.

About Bhadrak

Bhadrak Rural is a Tehsil in the Bhadrak District of Odisha. The total area of Bhadrak Rural is 374 km². Bhadrak Rural has a population of 3,55,439 peoples.

For more information please visit www.lendingwale.com.