Personal Loan Cansaulim

Personal Loan @ 10.50%

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Personal Loan Cansaulim

A personal loan is an unsecured service which can be taken by individuals from banks or NBFCs to meet their personal needs or desires. It is provided by the lender keeping in view the income level, credit and employment history, repayment capacity, age, etc. Unlike the home loan or car loan, a personal loan is not secured against any asset. It only lays its back on the words of promise said by the applicant to repay it within the stipulated time.

Personal Loan Eligibility Criteria

  • First of all, the minimum age of the applier applying for a loan must be at least 21 years for salaried, and it is 25 years for self-employed.
  • Then, the maximum age is 60 years of the salaried person, and that for self-employed, the maximum age must be 65 years. The maximum age is as per the time of maturity.
  • Further, he/she must be a citizen of India.
  • Also, the minimum Credit Score of the applicant must be at least 700.
  • In addition to that, the applicant must have a proper source of income.
  • If the applicant is salaried, then his salary must come in his/her bank account.
  • Moreover, the monthly salary for a salaried person should not be less than Rs.18000.
  • For the self-employed applier, ITR of Rs. 2.5 Lacks should have been paid for the last three years.

Personal Loan Cansaulim Interest Rates

The Personal Loan Cansaulim Interest Rate is more as compared to other loans. It depends on various things like income of the person, amount of loan required, and the category of the company, etc. Usually, the basic rate of interest in the personal loan is 10.75% per annum.

Documentation Required for Taking Personal Loan Cansaulim

The documentation process for taking this loan is quite easy and understandable. Since a personal loan is a very insecure loan, so the bank or NBFC needs to assure by checking all the documents of the applicant of the loan.

  • Firstly, two colored passport size photographs are a must.
  • Then, one proof of identity, which includes – Aadhar Card/ Voter Card/ Passport/ Driving License/ PAN Card.
  • Furthermore, one residence proof which includes – Aadhar Card/ Voter Card/ PAN Card/ Passport/ Driving License/ Utility bills of last three months by the name of the applicant / Ration Card/ Rental Agreement.
  • Further, one income proof which includes – salary slips and bank statement of last 6 months for salaried person.
  • For self-employed people, income proof is ITR of the last 3 years, and it should be of Rs.2.5 lacks at least.
  • However, it can change from time to time and in concern to different credit scores of appliers.

Pre-Closure Charges

If the person wants to close the loan before the completion of the time period of his loan, then the process is known as pre-closure. The Personal Loan Cansaulim has this feature of pre-closure. But the applicant will have to pay some amount as a penalty charge. But these charges are reasonable. These are around 0-2% depending on bank to bank.

Tenure of Personal Loan

The applicants have an option to choose the tenure, i.e., time period of the loan according to their own requirements. There is no such restriction in that. It can range from 6 months to 5 years, according to the applicant’s convenience.

Methods of Repayment of Loan amount

There are 3 methods of returning money:

  • Term Loan
  • EMI
  • OD

How to apply Online?

  • Visit our website, bookmyloans.in.
  • Fill the online application form with your necessary details in it.
  • You will receive a call from loan experts within 5 minutes.
  • The whole process is very easy, hassle-free, simple, and understandable.

About Cansaulim

Cansaulim village is located in Mormugao Tehsil in Goa district in Goa, India. It is located 15km from sub-district headquarter Mormugao and 20km from district headquarter Margao. As measured, the total geographical area of village is 190.62 hectares. As per the census of 2011, Cansaulim has a total population of 2,219 people. There are about 563 houses in Cansaulim village. The pin code here is 626883.