Personal Loan Apra
Personal Loan Apra is the ultimate solution to your finance related issues. With the help of personal loan now you can meet your personal needs in no time.
So, what are you waiting for? Apply for Personal Loan Apra and fulfill all your dreams.
Eligibility criteria for Personal Loan Apra
The applicant needs to fulfill some criterion. If you are a salaried employee or a Self Employed, you are eligible to get the personal loan. Further, you need to fulfil the following requirements:
Firstly, the applicant needs to be 21 years at least for salaried person. For self-employed applicants, the minimum age is 25 years.
After that, the applicant needs to be a citizen or permanent resident of India.
The maximum age in case of the salaried applicant should be 60 years at the time of maturity and 65 years for the self-employed applicant.
The minimum Credit Score of the applicant should be 700.
S/he should have a rigid source of income.
If the applicant is salaried, then s/he should be getting the salary in his bank account.
Also, the monthly income of the salaried applicant should be Rs. 18000 minimum.
For the self-employed applicants should have paid ITR of Rs. 2.5 Lacs at least for the last three years.
Personal Loan Apra Documentation
First of all, you will require having 2 colored passport size photographs.
Also, some documents for identity proof, Residential proof and Income proof are required.
For Identity and Residential Proof, PAN card or Aadhar card or Voter Id card or Driving license or Passport are required. One of these documents can be presented as proof.
Also, Income Proof is required to provide like bank statement or your salary slips of the last 6 months. Moreover, for a self-employed, you need to add your income tax return statement of the previous 3 years.
Personal Loan Apra Interest Rates
Generally, the interest rate of personal loan is 10.75% p.a. But it keeps changing due to various reasons like the amount of credit, bank, etc.
Personal Loans is available to the applicant with the Pre-closure facility, but it involves some penalty charges. Generally, these charges are 0-2%.
Tenure of Personal Loan Apra
The applicants have free will to choose the tenure of the loan from 1 year to 5 years. It depends upon the applicant’s need and convenience.
Methods of Repayment
A personal loan can be repaid in 3 ways:
Term Loan- The customer pays the bank per month interest rate, and in the end, he will also pay the principal amount.
Overdraft- Overdraft facility provides the customer to pay only the used amount for that particular time of the loan. There is no interest charged on the amount borrowed.
EMI- EMI under which the bank helps in making the installment of a part of interest rate and principal after that the customer need to pay it per month.
Features of the Personal Loan Apra
The applicant can apply for a Personal Loan online in no time. However, the Personal Loan is also available offline, but the process of applying online is more convenient.
You can visit our website, www.bookmyloans.in.
Personal Loan doesn’t involve any collateral. Applicants get the personal loan on the basis of their income or salary.
The applicant does not have any rules on the use of loan amount.
Also, the tenure of the personal loan is flexible.
It takes only 30 minutes to get the approval of Personal Loan if the applicant is eligible.
Where can the Personal Loan amount be used?
The personal Loan amount is used for multiple purposes. But still, the reasons are to be specified.
Education –Personal Loan can help you in getting an excellent study for yourself or your children.
Medical – You can never imagine when you need money for health-related issues. Personal Loan is the best option to get financial aid in such situations.
Wedding – a personal loan can be used for wedding occasions. It includes a high cost. For this purpose, a person can quickly get a Personal Loan.
Vacations – Everybody wants to enjoy, and when it comes to Vacations. It can cost heavier. So in this scenario, the personal loan provides you a boost up.
Besides these, the Personal Loan can be used for many other purposes.
Apra is a town in Phillaur Tehsil in district Jalandhar of Punjab State, India. The town is famous for gold jewellery and paddy which are produced in large amounts.