What is Personal Loan?
In this modern world, with growing expenses and a new lifestyle, it is necessary to cope up with the trend. So Personal Loan is a feature given by banks & NBFCs to get the best loan option to manage all responsibilities easily.A Personal Loan Ponnur can be used in various ways that can be utilized for accomplishing many purposes. These reasons could be debt repayment, taxes, paying medicinal bills and more. Personal finance is immediate finance, which a person can avail within 2-3 working days with minimum documentation needed.
More About: Interest Rates on Personal Loan
Why should one apply for Personal Loan Ponnur?
Firstly, The Loan amount depends on the income and repayment ability of the applicant.
Secondly, It is a multi-purpose offer that can be used for nearly all monetary problems.
Also, No need to put any property or asset as collateral to the lender.
And, No cosigner required.
Eligibility
Personal Loan is not given to everyone, and there are some eligibility criteria based on which the bank provides a loan to the candidate. There are two divisions of applicants:
Self-Employed
Salaried
There are different eligibility criteria for different applicant.
Self-employed Applicant:
The self-employed person’s age should be a minimum of 24 years.
The applicant should have ITR at least for the last three years.
The Credit Score of the applicant should be at least 680+.
The Income tax return(ITR) which the applicant files should be Rs 2,50,000 per annum.
And, if the applicant is a businessman, then his business should be running from at least the last three years.
Salaried Applicant:
The Minimum age of the aspirant should be at least 21 years and maximum up to 60 years.
The borrower should have pay of minimum Rs.15,000 per month (Net-Income)
The borrower must have the experience of the last three years, and the salary should get ECS’ed in the account.
The person must have a CIBIL score of at least 680+
The documentation process is easy; they have to submit their bank statement of the previous three months and the salary statement of the previous six months.
Personal Loan Ponnur Documents
Identity proof: Passport/voter card/driving license/Aadhaar Card) It can be any one of them.
Residence proof: Passport/voter card/driving license/Aadhaar Card). And if the applicant is living in a rented house, then they have to submit their rent agreement.
The applicant must submit his/her PAN card.
Salaried applicants have to submit their salary slip of the last three months and the bank statements of the previous six months.
The self-employed applicant has to provide the ITR of the previous three years, and registration of their business should be done.
Two passport size colored photos.
How to Apply for Personal Loan Ponnur?
Anybody can apply for Personal Loan online within 2 minutes. The process of application is straightforward and swift.
First of all, check your eligibility.
Visit LendingWale website.
After that, apply for a Personal Loan on the online portal.
Write your contact number so that we can call you back.
Lendingwale is the best stage to apply for a personal loan as you will get a loan at affordable charges of interest.
About Ponnur
Ponnur is a city of Guntur District of Indian state Andhra Pradesh. The NBFCs & Banks are also willing to process personal loans in Ponnur as more as possible. Visit LendingWale to get assistance as soon as possible.