A person can get a Personal Loan at almost any bank. The good thing about this type of loan is that you can use the money as you like it. There will be no restrictions regarding how to utilize the money. Personal Loan Piduguralla is usually unsecured and very easy to get. The only condition is that you need to have a good credit history. The only downfall of such loans is that the interest rates are quite more as compared to the other loans as there is no security provided by the borrower.
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.
Tenure
The tenure of the Personal Loan is 1 year- 5years.
Personal Loan Piduguralla Eligibility Criteria
For Salaried:-
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 applicant’s maximum age should be 60 years
After that, the customer should be working in an enterprize for at least 3 months.
The Credit Score of the applicant should be at least 680+.
Minimum salary of the customer should be at least 15,000 p.m.
The customer should be getting his salary in the bank account.
For Self- Employed:-
Firstly, the customer must be an authorized citizen of India, Permanent Resident.
Secondly, Minimum age of the customer is 25 years.
Next, the customer 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.
The person must have a CIBIL score of at least 680+
Documentation of Personal Loan in Piduguralla
Identity proof (Driving license /Passport/ Aadhar card voter card)
Residence proof (aadhar card /passport/ driving license/ voter card/ driving license/ ration card). If the customer is living in a rented flat, then he has to submit the rental agreement.
2 passport size coloured snaps.
PAN card of the customer has to be submitted under KYC formality.
If the applicant is salaried, then he has to submit his salary slip of the last 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 Piduguralla?
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 Piduguralla 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.
About Piduguralla
It is a town in Guntur district of Andhra Pradesh in India. For more information please visit www.lendingwale.com.