Personal Loan Muzaffarpur

Personal Loan @ 10.50%

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Why Muzaffarpur

What is Personal Loan?

Personal Loan is an unsecured loan taken by any eligible applicant from a banking or non-banking financial company to meet their personal financial needs. Get The Best Rate on a Personal Loan in Muzaffarpur.

It will help you to meet your current financial problems. You don’t need to pledge any security or collateral while applying for a personal loan.

PL Documents

Personal Loan Documents

Financials
Salary slips of last 3 months Latest 2 months salary slip
Bank Statements
Latest 3 months salary account bank statement
Employment Proof
Employee ID card and visiting card
Work experience
Current employment
Appointment letter / Form 16 / 1 year old salary slip
Previous employment
Appointment letter / Form 16 / Promotion letters/ transfer / confirmation letters / previous salary slip
KYC
Identity proof
Passport / Voters ID card / Driving license / PAN card
Address proof
Passport / Driving license / Ration card / Latest mobile bill / Letter from employer (with HR /Admin sign)
Signature proof
Passport / PAN Card / Driving license / Photo credit card (front only) / Banker verification letter ( Only online)
Age proof
Passport/ PAN Card / Driving license / Birth certificate

PL Eligibility

Personal Loan Eligibility

You are Eligible if:

You are a Salaried professional and draw a monthly salary of Rs. 40,000 or more in:

  • Delhi/NCR
  • Mumbai
  • Hyderabad
  • Bangalore and Chennai
  • Thane

OR

A monthly net salary of Rs. 15,000 or more in:

  • Ahmedabad
  • Pune
  • Kolkata

OR

In Other cities, you are drawing a monthly net salary of Rs. 30,000 or more…

Pre-closure Charges

When someone wants to close the loan before the completion of tenure of a loan, then this is called pre-closure. Personal Loans facilitate Pre-closure, but it includes some Muzaffarpuralty charges. Generally, these charges are 0-2%.

Tenure of Personal Loan

The applicant can choose the tenure of their loan as per their convenience. Usually, it can be from 1 year to 5 years.

Methods of Repayment

  • Repayment of personal loan can be made in 3 ways:
  • EMI- Under this, the bank makes the installment of a part of the interest rate and principal after which the customer need to pay it per month.
  • Term Loan- The customer pays to the bank per month interest rate, and in the end he will pay the principal amount as well.
  • Overdraft- OD or Overdraft is a product which benefits the customer by allowing them to pay only for the used amount for that particular time. There is no interest charged on that loan amount.

Features

Features of the Personal Loan in Muzaffarpur

  • Personal Loans are easy to apply. The application process can be done offline and online as well. However, applying online is more comfortable.
  • The most desirable thing about a personal loan is that it does not require any collateral. The applicant gets the loan on the basis of their salary or income.
  • Moreover, the documentation process of personal loan is very simple. Only the basic documents are required.
  • Also, the tenure of a personal loan is very flexible. One can freely choose the period from 1-5 years.
  • Moreover, there are no restrictions upon the use of loan amount.

Where can the Personal Loan amount be used?

  • A personal loan is a multi-purpose loan. But still, reasons are to be specified to get the loan.
  • Wedding- One can get the personal loan for wedding purposes. It normally involves large amounts.
  • Education- To get the excellent education you require money which you can get with the help of a personal loan.
  • Vacations-Vacations can be exMuzaffarpursive, but this scenario can be solved with the help of a personal loan.
  • Medical- In situations like medical problems, there is a need for instant money. In this case, a personal loan can assist you with financial aid.
  • Besides these, a personal loan can be applied and used for several purposes as per the will of the applicant.

How to Apply

How to apply through Bookmyloans?

  • First of all, visit our website bookmyloans.in
  • Then, fill the Personal Loan Application Form.
  • Lastly, you can get further details from our representatives.