Personal Loan Banswada

personal loan

Bank

Interest Rates

HDFC Bank

10.99% to 18%

ICICI Bank

13.99% to 18%

Fullerton India

17.25% to 32%

Bajaj Finserv

13.99% to 16.75%

Axis Bank

15.50% to 24%

Standard Chartered Bank

15.75% to 22%

Kotak Mahindra Bank

13.75% to 19%

Andhra Bank

13.50% to 22%

Bank of Baroda

13.50% to 19%

Vijaya Bank

13.75% to 22%

Corporation Bank

14.50% to 20%

 

Are you living your nightmare in the daylight? Do you feel uneasy? Is your loved one in a life and death situation? Do not allow your financial conditions to weigh you down; let personal loan be the savior to guide you. Personal loans let you avail services in your dire situations. A personal loan is a loan which you can opt to resolve any situation in life. Apply today for a personal loan on our website Bestloandeal.in.

Eligibility criteria for Personal Loan Banswada

To begin with, the minimum age of the applicant should be 21 years to apply for a Personal Loan if he/she is salaries and 25 years if he/she is self-employed.

In addition to this, the maximum age of the salaried applicant should be 60 years at the time of maturity, and it is 65 years for the self-employed applicant.

Next, the applicant should be a citizen or permanent resident of India.

After that, the minimum Credit Score of the applicant should be 700.

Moreover, the applicant should have a rigid source of income.

Also, if the applicant is salaried, he/she should be getting his/her salary in the bank account.

Lastly, the monthly income of the salaried applicant should be Rs. 18000 at least.

And for the self-employed applicant ITR of Rs. 2.5 Lacs should be paid for the last three years at least.

Why Personal Loan Banswada?

First of all, personal loans are available online and offline by any banks and NBFCs. You can easily apply and quickly get approval.

Also, a personal loan is generally available on a fixed rate of interest. So the equated monthly installments will remain fixed for the entire loan tenure.

After that, personal loans are multipurpose. Customers use the service of personal loans for different types of purposes, ranging from travel expenses, medical expenses, purchasing the latest jewelry, etc.

Moreover, personal loan’s processing time is less as they don’t need much verification of any asset or any other kind of proofs and certificates that involve a lot of paperwork, as compared to a home loan or car loan.

In addition to this, a personal loan is an ‘unsecured loans,’ i.e., you are not required to provide any security to the lender in the form of cash, shares, or any other assets.

For example: If you take a personal loan for the renovation of a house or making down payment for your home, you can avail the tax deduction of up to Rs. 2 lakh.

Documentation for Personal Loan Banswada

Firstly, you should submit proof of residence while applying for a personal loan. It can be an Aadhar Card/ Card/ Voter ID card/ PAN Card/Driving License/ passport/Ration Card/Electricity/water bills for the last three months with your name on it.

Secondly, you should attach proof of Identity. It can be a PAN Card/Voter ID Card/Aadhar Card/ Passport/ Driving License.

Thirdly, you should have a bank account which has been in use for more than six months before applying for the personal loan.

Fourthly, you should submit two colored passports sized photographs with your application form for the personal loan.

And lastly, if you are salaried, you should affix your salary slip with the other relevant documents of the past three months.

In addition to this, if you are self-employed, you have to attach a document supporting your claim of paying ITR (Income Tax Return)  for at least three years.

Interest rates for Personal Loan Banswada

The interest rates for personal loans varies from bank to bank, and also it depends on other factors such as income, CIBIL score, and so on. The minimum interest starts at 10.7%.

Also, banks charge some amount of the loan amount from the customers to process their loan application. It is generally between 0-2% of the total loan amount.

Furthermore, bank charges borrowers with a fee when they pay the loan EMIs before the committed date, which is typically between 0-2% of the outstanding loan amount.

How to apply online for Personal Loan Banswada?

The Process of applying is pretty simple. You need to follow these steps:

Firstly, fill in your personal information and employment details online on bestloandeal.in

Next, if you justify the eligibility criteria, then our relationship managers will suggest you the best possible loan for you according to the desired Personal loan amount and the repayment tenure.

As a result, you will get an online approval within three minutes, and the money will reach your bank within 72 hours.

If you require funds in an urgent situation, this is possibly the best option available.

About Banswada

Banswada is a Telugu speaking Mandal in Nizamabad District of Telangana State, India. It is the Mandal Headquarters of Banswada Mandal. As part Telangana Districts re-organisation, Banswada Mandal re-organized from Nizamabad District to Kamareddy district. It is at a distance of 43 KM towards South from District headquarters Nizamabad.