Are you thinking to apply for a loan? Do not have assets to pledge? If yes, then you can easily apply for a Personal Loan. It is a loan that does not require any assets to pledge as collateral with the lender. It offers the flexibility to use the loan amount for any personal requirements.
 
In this modern world needs are rising high, so the expenses are also growing at a fast rate. It is challenging for a person to cope up with this unstable climate. A personal loan is the best loan option to handle all expenses easily especially for the people in a metro city like New Delhi.
 
A personal loan is an unsecured debt which can be availed without pledging any valuable property to the lender. A personal loan is a multipurpose loan that can be utilized for fulfilling many purposes. These purposes could be debt consolidation, paying medical bills, taxes and many more. Personal finance is instant finance which a person can avail within 48-72 hours with minimal documentation required.

Why should one choose Personal Loan Panchkula?

  1. There is no need to put any property or asset as collateral to the lender.
  2. It involves simple procedures and fast Loan approvals.
  3. There is no need to provide a cosigner to avail this loan.
  4. The amount borrowed can be used for almost all financial problems of life.

Personal Loan Panchkula Eligibility

Not everyone can get a personal loan. There are some criteria on the basis of them the bank provide a personal loan to the applicants. Let us discuss them.
 
There are two categories of applicants.
  1. Salaried
  2. Self-employed
There are different criteria for both categories. Let us see both of them one by one.

Salaried Applicant

  1. First of all the age of the applicant should be more than 21 years.
  2. After that he/she should be earning Rs. 18000 per month at least.
  3. After that, the applicant should have the work experience of 3 years at least.
  4. After that he/she should be getting the salary in his/her bank account.
  5. The credit history of the applicant should be good.

Self-employed Applicant

  1. If the applicant is self-employed than his/her age should be 25 years at least.
  2. He/she should be filing ITR for last three years at least.
  3. His/her CIBIL score should be good.
  4. The ITR should be of Rs. 2.5 Lakhs per annum at least.

Personal Loan Panchkula Documents

  1. Identity proof: It includes Aadhaar card, Passport, Voter card, Driving license.
  2. Residence proof: It includes Updated Passbook, Aadhaar card, Passport, Voter card, Driving license, ration card. And if the applicant is living in a rented apartment, then they have to submit their rental agreement, electricity & water bill which has to be in the name of the applicant and the address of the owner.
  3. Two colored photographs
  4. The applicant has to submit their PAN card which is an essential document under the KYC formality.
  5. 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 previous six months.
  6. 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.

Personal Loan Panchkula Interest Rates.

The interest rate may vary from person to person as it depends upon the salary and CIBIL score of the applicant. The interest rate of personal loan starts from 10.75% per year.

Personal Loan Panchkula Tenure

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

Personal Loan Panchkula Benefits

A personal loan can be taken for different needs. If you need finance, you can borrow from financial institutions. There are different rules and criteria to get a personal loan. One must check its eligibility for getting loan amount. Personal loans are multipurpose finance options. There are various benefits of taking a personal loan online. You can avail a good deal by comparing offers and finalizing the best one as per your needs. Here are some benefits of personal loan:
  1. A Loan without any collateral or security: A Personal Loan is not a secured loan. Banks don’t ask for any security or collateral. So, there is no need of pledging collateral or security. It is purely given as per the customers' income.
  2. Simple Documentation: Personal Loans are simple and easy. You can get it with minimum documentation with a quick process. Banks need some essential documents of a borrower like identity proof, address proof, income proof, etc.
  3. Loan Amount: The amount can be ranging from Rs. 50,000 to Rs. 20 lakh.
  4. Quick Loan Approval: It is easily sanctioned within 48-72 hours without any hassle. After getting the documents, banks will do the verification of the given details and the loan will get disbursed within 24 hours of verification.
  5. Multipurpose finance: Personal loan can be used for various purposes, i.e. in paying old bills, home improvements, wedding shopping, financing trips and many more.
  6. No Third party involvement: The loan is directly given to the borrower without the participation of the third party. It is a relationship between the borrower and the lender.
  7. Hassle free: Getting a personal loan is now a hassle-free process. Online loan portals have made it more convenient and easy. You can get the loan amount in your account without stepping out of your place.

About Panchkula

Panchkula is the planned city of Haryana state in India. It acts as the satellite city of Chandigarh, and also the prestigious Chandi Mandir Cantt is located in this city.

Other Leading Personal Loan Providers in Panchkula (Click to Apply)

  1. HDFC Personal Loan
  2. ICICI Bank Personal Loan
  3. Axis Bank Personal Loan
  4. PNB Personal Loan
  5. Bank of Baroda Personal Loan
  6. Fullerton India Personal Loan
  7. Personal Loan from Other Banks

Personal Loan EMI Calculator Personal Loan Interest Rates
Personal Loan EMI Calculator Personal Loan Interest Rates

 

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