123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Personal Loans - All You Wanted To Know

By Author: bookmypersonalloan
Total Articles: 1

A personal loan could be a loan that is taken for immediate personal use and may be availed quickly for several purposes. Personal loans facilitate the individual to overcome the capital shortage. The best part of the personal loan is it doesn’t need any collateral security and it is can be easily available. The personal loan amount is often used for any personal financial need and the bank won't monitor its use.

The main of features personal loan bangalore are:

Personal loan is suitable for any purpose Like
●Holidays
●Marriage
●Education
●Investments
●Medical purpose
●Repay old loans

What is the loan tenure?
The minimum loan tenure is 1 year and maximum 5 years.

What are the age criteria?
For salaried, the minimum age is 21 years and maximum 60 years.
For Self employed the Minimum age required is 25 years and maximum 65 years.

What are the minimum and maximum loan amount?
The minimum loan amount for salaried is Rs. 50, 000/- and maximum Rs. 15 lakhs.
For Self employed the minimum loan is Rs. 1 lakh and maximum 20 lakh.

Documents required to process Personal Loan in Bangalore

Personal Loan for Salaried Employees
●Latest 3 Months Salary Slips
●Latest 3 Months Salary Credit Bank Statement
●Company ID card front and Bank
●Pan Card front and back (Photo clear copy)
●Present Address proof
●Permanent Address proof
●Date of joining proof on Present Company
●Photo
●Appointment letter and proof of work experience
●Sanction letters of existing/closed loans

Self Employed
●Photograph
●Pan card copy
●Business banking 6 months
●All existing loan sanction letters
●Qualification proof for professionals
●Residence and office address proof
●Business continuity/existence proof 3 years old
●IT Returns - CA certified copies for 2 years complete set

What are the interest rates on a personal loan?
The private loans in bangalore interest rates vary from bank to bank generally it ranges from 12.99% to 25%.

How do I compare the interest rates of personal loans?
Fill the essential detail on personal loan EMI calculator and compare the various personal loan interest rate and EMI offered by different banks and NBFCs.

Eligibility for Personal Loan in Bangalore?
●Minimum Salary 25,000 Required
●Minimum Age required 21 years and maximum age is 60 years
●If your Total work Experience is 1 year only, you can get the Loan
●Should be a Graduate

What are the advantages of Personal Loan?
The whole process of applying for Personal Loan In Bangalore From Private Finance and bank for a loan takes less time than compared to other loans.

Personal loan agents in bangalore make life easier for those seeking fund or perhaps for those who wish to understand a lot of regarding a way to properly use Personal Loans towards debt or home payments. In addition having a specialized service, you can send the documents to just one location who forwards to different banks. With this, you'll receive offers from different banks with a lot of less work. Therefore, obtaining good Personal Loans will certainly become a far easier task.

Total Views: 78Word Count: 476See All articles From Author

Investing / Finance Articles

1. Tips For Credit Repair Services
Author: Martin King

2. 5 Benefits Of Hiring A Business Advisor
Author: Mohit Singh

3. What All Things One Needs To Know Before Choosing A Residential Mortgage Lender In Ontario?
Author: Steve Nicol

4. Think Twice Before Getting Financial Advice From Your Bank
Author: Simon

5. 5 Things To Know Before Applying For A Forex Card In India
Author: neha sharma

6. 5 Reasons Why You Need An Nri Bank Account
Author: neha sharma

7. What Is An Nro Account? It’s Features And Benefits
Author: neha sharma

8. 5 Innovative Mobile Payment Apps
Author: neha sharma

9. Personal Loan: It’s Benefits And Types
Author: neha sharma

10. Top 5 Travel Insurance Policies In India
Author: neha sharma

11. Electronic Fund Transfer: Its Types And Benefits
Author: neha sharma

12. How Does Car Loan Emi Calculator Work?
Author: neha sharma

13. What Is Nre Account? Its Features And Benefits
Author: neha sharma

14. Bank Account And Its Types
Author: neha sharma

15. 7 Things To Know Before Getting A Car Loan
Author: neha sharma

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: