Personal loan helps you to fulfill your dreams without worrying about keeping any property or collateral. It helps to make through the raised expenses like your child’s marriage, furnishing your home or a family holiday.

Personal Loan Ferozepur Eligibility

Not every person can apply for a personal loan. There are some eligibility criteria on the basis of which the bank provides a personal loan to the applicant. There are two categories of applicants:

  1. Salaried
  2. Self-employed

There are different eligibility criteria for both applicants.

Salaried Applicant:

  1. The age of applicant should be minimum 21 years maximum up to 60 years.
  2. If the applicant is residing in a metropolitan city then they should have a minimum income of Rs 18,000. And if the applicant is from the non-metropolitan city then they should have the minimum income of Rs 12,000.
  3. The applicant should have the work experience of the last three years and the salary should come in their account only.
  4. If a applicant is applying for the personal loan then they must have a good credit history.
  5. The documentation process is easy they just have to submit their bank statement of the last three months and the salary slip of the last six months.

Self-employed Applicant:

  1. If a applicant is self-employed than the age of the applicant should be minimum 25 years and maximum up to 65 years.
  2. The applicant should file ITR for the last three years.
  3. The credit score of the applicant should be good and no debt should be left due.
  4. The ITR which the applicant files should be of Rs 2.5 lakhs per annum at least.
  5. And the applicant is having a business than his business should be running from the last three years.

Personal Loan Ferozepur Documentations

  1. Identity proof: (Passport/Id card/voter card/driving license/Aadhar Card) It can be any one of them. Everyone easily has these documents, so there is no problem with the submission.
  2. Residence proof : (Passport/Id card/voter card/driving license/Ration Card/Aadhar Card).  And if the applicant is living in a rented apartment, then they have to submit their rental agreement, electricity bill which has to be in the name of the applicant and the address of the owner.
  3. The applicant has to submit their PAN card which is an essential document under the KYC formality.
  4. If the applicant is a salaried one, then they have to submit their salary slip of the last three months and the bank statements of the last six months.
  5. And if the applicant is a self-employed then they have to submit the ITR of the last three years and registration of their business should be done.
  6. Two passport size colored photos. (Applicant should not be wearing glasses)

Salaried Individual

Self Employed People

Last 3 months salary slips & last 6 months bank statement

 ITR of 2.5 lac minimum for last 3 years

Identity Proof: Aadhaar Card/Pan Card/Voter Id/ Driving      License/ Passport

Address Proof: Aadhaar Card/Pan Card/Voter     Id /Passport/Driver License and if the person is living in a rented apartment then rental agreement, electricity & water bill and owner’s address

  Two colored photographs

 PAN Card photocopy



Personal Loan Ferozepur Interest Rate

Rate of interest of Personal Loan In Firozpur

Rate of Interest

11.49% - 19.5%

Processing Fee

Rs 999/- - 2.5%

Personal Loan Amount

Rs.50,000 - Rs.30,00,000


Personal Loan Ferozepur Tenure

The tenure of the personal loan is from 1 year to 5 years.

Personal Loan Ferozepur Benefits

  1. Quick approval: With a Personal Loan of Allahabad Bank, turn your dreams into reality in as less as 72 hours.
  2. Hassle free processing and Minimal paperwork: Leave you tension and hassle-free on our minimal document requirements. Worries are kept at bay additionally, as no security or collateral is required.
  3. Options of Flexible repayment: For salaried customers, our flexible loan tenors are range from 12 - 60 months and for people in business or professionals, who don't overburden you with a worry to pay heavy EMIs are range from 12- 36 months.
  4. Document Pickup Service at your doorstep: Fix an appointment with any of our representatives and your loan formalities can be assisted by them.

About Ferozepur

Firozpur/Ferozepur is called the ‘the land of martyrs.’ It is located at the banks of river Sutlej and was founded by Sultan Firoz Shah Tughluq. Firozpur became border town on the Indo-Pak border after the partition of India in 1947. Below are some key points to know before applying for Personal loans in Firozpur.



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