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: 25Word Count: 476See All articles From Author

Investing / Finance Articles

1. The Borrower Should Remember The Repayment Sum
Author: Martina Smith

2. Best Way To Fulfill Your Housing Needs: Home Loans
Author: Chandani Jawar

3. How Benchmarking In A Business Helps In Reducing Labour Hire Costs
Author: Dylan Munro

4. India Inc May Need To Change Rating Agencies Every 3 Years
Author: Suraj Pratap Malik

5. Bitcoin Workshop | Bitcoin Seminar | How To Buy Bitcoins
Author: AB Web Technologies

6. Online Financing - The Modern Way Of Investment
Author: wealthcarreindia

7. Selling Assets Versus Sme Loans: Which Is The Better Option?
Author: Manish Damani

8. Equity Research Report
Author: Chetan Rathod

9. Personal Loan Calculators Explained
Author: Arwind Sharma

10. Importance Of Having A Bank Account In The Digital World Today
Author: Sushant Singh

11. Step By Step Guide To Gst Registration Of Your Business
Author: Amol Kale

12. Forex Trading Techniques And Strategies For Beginners In Forex Market
Author: Sophia Mason

13. Are Tax Accountants The Most Important Hires For Your Small Business?
Author: John Panayis

14. How To Ensure Your Internet Banking Is As Safe As Traditional Banking?
Author: Neha Sharma

15. How Can A Bank App Help You Safely Execute Your Financial Transactions?
Author: Neha Sharma

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