Personal Loan

 

 

Dreaming for a vacation, a perfect wedding, or a much desired gadget? Now you no longer need to wait to fulfil your dreams. Make life picture perfect with an instant Personal Loan which will help you to enjoy every single aspect of your life.

It is a multipurpose loan which is unsecured and includes nominal Rate Of Interest. This loan will never make you feel stressed because banks and NBFCs provide you loan according to your repayment capacity.

 Personal Loan Advantages 

  • Firstly, there are wide range of products from which an individual can choose.
  •  Secondly, guidance will be provided throughout the process, which makes it a hassle-free process.
  •  Further more, loan is provided without pledging any of your assets.
  • Flexible repayment options is given to an individual.
  •  Moreover, apply Online and Get Quick Approval.
  • Furthermore, Personal Loan online Approval in 24 hours.
  • NO cosigner required.
  • Lucrative interest rate.
  • Lastly, part prepayment facility is available.

Eligibility Criteria for Personal Loan

Banks provides you with personal loan to fulfill your dreams with minimum documentation:

For Salaried Individuals

Criteria*

Salaried

Age

25 years – 58 years.

 

Salaried individuals with minimum monthly income Rs.15,000 (Rs.20,000 for applicants residing in Mumbai & Delhi; Rs.18,000 for applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata; For Others Rs. 12,000)

Total years in job/profession

2 Years

Years in current residence

1 Year (One Day if in a Super A Company)

For Self Employed Individuals

Criteria*

Self Employed

Age

23 years (self employed individuals) and 25 years (for doctors); Maximum age – 65 years

Minimum Turnover

Rs. 40 lakh for non-professionals; Rs. 15 lac for professionals; as per audited financials

Minimum Profit After Tax

Rs. 2 lac for Proprietorship Firm/Self employed Individuals and Rs. 1 lac for non-professionals as per audited financials

Business Stability

In current business for at least 5 years and minimum 3 years for doctors

Existing relationship with the bank

Minimum 1 year liability relationship (current or savings account) or Asset relationship (loan) either live or closed in the last 36 months; repayment track as required.

 

Personal Loan Documentation Requirements

Banks provides you with personal loan to fulfil your dreams with minimum documentation:

Salaried Applicant

  1. Firstly, the minimum age should be 21 years and maximum of up to 60 years.
  2. Secondly, an individual from the metropolitan city should possess a minimum income of Rs 18,000, and for an individual who is living in non-metropolitan city, the minimum salary should be Rs 12,000.
  3. Moreover, an individual must have three years of work experience, and the salary should be received in their account only.
  4. Besides this, an individual applying for the Personal Loan must have a good credit history.
  5. Lastly, a person has to submit his bank statement for the last three months and salary slip of the previous six months.

Self Employed Applicant

  1. Firstly, the age of an individual must be 25 years.
  2. Secondly, an individual applying for a Personal Loan should file Income Tax Return for the last three years.
  3. Besides this, a credit score of an individual should be up to the mark that is 650 and above.
  4. Moreover, the minimum amount should be of Rs 2.5 lakhs per annum at least.
  5. In addition to this, if a person is a businessman than his business should be running from last three years.
  6. Lastly, an individual has to submit his financials and his bank statement for the previous three months.

What is EMI Calculator?
EMI calculator Personal Loan is the amount that an individual pays every month to the Banks unless the loan amount is fully paid off. It involves the rate of interest and the principal amount, which is to be repaid. The sum of the principle and the interest is divided by the tenure that is a total number of months in which amount of the loan is repaid. An applicant can repay this loan every month.

 Personal Loan Tenure

The tenure of the Personal Loan is 1 to 5 years.

Why your decision of choosing Bestloandeal is the right decision?

  1.  Firstly, our assistance is free of cost.
  2.  Secondly, the approval process is time-saving if you apply through Bestloandeal.
  3. Furthermore, you can avail our services 24/7.
  4.  Moreover, the Loan gets disbursed within 24 hours.
  5.  Lastly, our relationship manager will assist you and will help you to avail the right offer.

How to apply for Personal Loan?

  1.  Firstly, visit www.bestloandeal.in
  2. Secondly, after that, you have to fill the personal loan form, and our expert relationship managers will contact you.
  3. Furthermore, we will tell you regarding details of the Personal Loan, where you can choose your preferred city.
  4. Lastly, we will provide you our assistance until the end of the process, until you are not satisfied.