Personal Loan Kalamwadi

A personal loan can be very beneficial when someone is going through a financial crisis. Personal Loan Kalamwadi has several benefits, and it can be used for many purposes like planning a vacation, financing your child’s education, meeting your unexpected financial expenses, and many more. Many commercial banks and non-banking financial companies provide this facility to the borrowers. Approval of a Personal Loan in Kalamwadi is speedy.

Personal Loan Kalamwadi Interest Rates

Various NBFCs 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. The 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 Kalamwadi

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 authorised 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 organisation for at least three 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 authorised 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 three 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 Kalamwadi

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 NBFCs 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 – 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.

How to Apply Online for Personal Loan Kalamwadi?

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 in Kalamwadi 

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 Kalamwadi 

Kalamwadi is a small Village in Radhanagari Taluka in Kolhapur District of Maharashtra State, India. The village comes under Farale Panchayath.

For more information, please visit www.lendingwale.com.