Personal Loan Bagdehi
Personal Loan Bagdehi is your friend in your financial hits. It does not include any collateral asset. Also, there is quick processing.
A personal loan can help you in accomplishing your dreams. Now, send your children abroad for higher studies, or you can marry your daughter or any other personal issue. So, why wait in finance-related matters? Apply now.
Eligibility criteria for Personal Loan Bagdehi
The applicant needs to fulfill the eligibility. One is eligible to get the personal loan if he is a salaried employee or a Self Employed. Furthermore, you need to fulfill the following requirements:
First of all, he should be 21 years in case of salaried person and for self-employed, it is 25 years.
Also, the client should be a citizen or permanent resident of India.
The maximum age for the entire salaried applicants should be 60 years at the time of maturity and 65 years for the self-employed applicant.
Moreover, the applicant needs to have a minimum Credit Score 700.
Applicant should have a rigid source of income.
Also, the salaried applicants should receive a salary in his bank account.
Also, the monthly income of the salaried applicant should be Rs. 18000 minimum.
Lastly, the self-employed applicants should pay at least for the last three years an ITR of Rs. 2.5 Lacs
Personal Loan Bagdehi Documentation
First of all, you should possess 2 coloured passport size photographs.
Also, you must have some documents for identity proof, Residential proof and Income proof.
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 is given as proof.
Further, income Proof is needed to provide like bank statement or your salary slips of the last 6 months. For a self-employed, you need to add your income tax return statement of the previous 3 years.
Personal Loan Bagdehi Interest Rates
Basically, the interest rate of personal loan is 10.75% p.a. But it varies time to time due to various factors like the amount of loan, bank, etc.
Personal Loans avails the applicant with Pre-closure facility, but it includes some penalty charges. Generally, these charges are 0-2%.
Tenure of Personal Loan Bagdehi
The applicants can choose the tenure of their loan from 1 year to 5 years. It depends upon the convenience of the client.
Methods of Repayment
Personal loan repayment is made in 3 ways:
Term Loan- The customer pays the bank per month interest rate, and in the end, also he will pay the principal amount.
Overdraft- Overdraft facility provides the customer to pay only the used amount for that particular time of the loan. No interest is charged.
EMI- EMI in which the bank makes the instalment of a part of interest rate and principal after which the customer need to pay it per month.
Features of the Personal Loan Bagdehi
It is convenient and easy to Apply. The applicant can apply online in 2 minutes. Also, the Personal Loan is available offline as well, but applying using online mode is stress-free.
You can apply online with our site, bookmyloans.in.
Also, these loans doesn’t involve any asset. Clients get the personal loan as per their income or salary they earn.
Moreover, the applicant does not have to follow any restrictions on the end use of amount of loan.
Also, tenure is very flexible.
It takes hardly 30 minutes for the approval of Personal Loan if the applicant is eligible to get the loan.
Where can the Personal Loan amount be used?
The personal Loan amount is for multiple uses. But still, the reasons are to be specified.
Wedding – a personal loan can be used for wedding purposes. It involves a significant amount of funds. For such purposes, a person can quickly get a Personal Loan.
Education –Personal Loan can be helpful in having quality education for yourself or your child.
Medical – You never know when you meet with an accident, and you get out of cash. A personal loan is the best option to get financial aid in such situations.
Vacations – Everyone wants to have fun in their lives and what can be better than going on Vacations. But this can cost heavier. So in this scenario, the personal loan provides you a boost up.
At last, it’s based on the applicant’s will.
Bagdehi is a village in Kurud Tehsil in Dhamtari District Chattisgarh State, India. Local Language is Chhattisgarhi.