Apply Personal Loan Online Upto Rs. 25 Lacs
Details on Personal Loan
Personal Loan in Madurai
Overview of Personal Loan in Madurai
Personal Loan in Madurai is a financial tool which solves the problem of financial strain. With the help of Personal Loan Madurai, your loan experience becomes very easy and hassle-free. You can opt for Personal Loan Online Apply in Madurai at any time sitting in your home or office. Easy Personal Loan in Madurai requires very simple paperwork. But Personal Loan without documents in Madurai is not possible. You need to have a minimum CIBIL score of 750 or above with a decent repaying capacity to avail low interest Personal Loan in Madurai. Easy Personal Loan in Madurai can be availed loan amount from Rs. 25,000 to Rs. 25 lakhs with a repayment tenure up to 5 years. You can easily avail Instant Personal Loan in Madurai at a lower interest rate. But low cibil score Personal Loan in Madurai is charged a higher interest rate.
Why you should opt for Personal Loan in Madurai?
Madurai, a city of Tamil Nadu is one of the most populated Indian city. The economy of Madurai is majorly agricultural based. But the city is also flourishing in the software and IT sector thus increasing the standard of living. So, the demand for Personal Loan in Madurai has also raised. To opt for Personal Loan Online Apply in Madurai, you need to submit very minimum documents. But Personal Loan without documents in Madurai is not possible. If you want to obtain low interest Personal Loan in Madurai, you need to have a good credit history with an adequate income source. Personal Loan Madurai Tamil Nadu helps you in managing expenses in a more comprehensive manner.
Here are the pinpoints as to why should you go for Personal Loan in Madurai-
- Online Personal Loan in Madurai makes your loan experience easy and hassle free.
- Personal Loan in Madurai for salaried helps in meeting the financial needs of the salaried individuals.
- Instant Personal Loan in Madurai needs very simple paperwork and gets easily disbursed.
- Personal Loan Madurai Tamil Nadu offers easy repayment option within the tenure of 5 years.
- Personal Loan Madurai offers loan amount from Rs. 25,000 to Rs. 25 lakhs which may vary depending on your eligibility criteria.
- Unsecured Personal Loan in Madurai do not take any security or collateral to secure the loan.
Eligibility Criteria for Personal Loan in Madurai
You need to fulfill very minimum eligibility criteria for Personal Loan in Madurai.
Following are the eligibility criteria for Personal Loan in Madurai-
|
Personal Loan in Madurai Eligibility Criteria |
Salaried |
Self-Employed |
|
CIBIL score |
750 or above |
750 or above |
|
Age |
21 years – 60 years |
25 years – 65 years |
|
Profession |
Working in any private sectors, any govt organization, or MNCs. |
Public or Private Ltd. companies, partnership firms, Business Professionals, sole proprietorship firms, etc. |
|
Loan Amount |
Up to Rs. 25 lakhs (varies with banks) |
Up to Rs. 30 lakhs (varies with the banks and NBFCs) |
|
Income |
Min amt Rs. 20,000 |
Min Turnover- Rs. 1 crore |
|
Work Experience |
Minimum 2 years of work experience and minimum 1 year in the present company |
Continuity of Business for at least 3 years |
Documents required for Personal Loan in Madurai
Here are the documents that you need to submit for Personal Loan in Madurai-
- Application form
- Passport size photograph
- Proof of ID- AADHAR Card, PAN Card, Ration Card.
- Proof of Residence- Utility Bills like- Water or Electricity, Gas Bills, Driving License, Passport.
-
For Self-Employed
- Balance Sheet of last 2 years and Copy of P&L statement of past 2 years
- ITR copy of last 36 months
- Verified documents of Memorandum and Articles of Association/Partnership Deed/Trade License/Sales Tax Certificate
-
For Salaried
- Last 6 months updated bank statement.
- Form 16.
- Last 3 months salary slip.
Personal Loan Interest Rates in Madurai of different Financial Institutions
Following is the list of Personal Loan Interest Rates in Madurai of different banks and NBFCs-
|
Banks |
Loan Tenure |
Interest Rates |
Pre-Closure Charges |
Processing Fees |
|
HDFC Bank Personal Loan in Madurai |
1-5 years |
10.99%* |
Between 2% to 4% of the outstanding principal. |
Up to 2.50% |
|
Axis Bank Personal Loan in Madurai |
1-5 years |
15.50%* |
NIL |
Up to 2.00% |
|
ICICI Bank Personal Loan in Madurai |
1-5 years |
11.49%* |
5% of outstanding principal + GST |
Rs. 999* |
|
Fullerton India Loan in Madurai |
1-5 years |
17.25%* |
4% of outstanding principal. |
Up to 2% |
|
YES Bank Personal Loan in Madurai |
1-5 years |
12.49%* |
Within 12 to 24 months: 4% Within 24 to 36months: 3% Within 36 to 48 months: 2% After 48 months : No charges. |
2% or 3% of the principal |
|
Bajaj Finserv Personal Loan in Madurai |
1-5 years |
14.75%* |
NIL |
Up to 3% |
|
IndusInd Bank Personal Loan in Madurai |
1-5 years |
12.99%* |
4% of outstanding principal |
0.25% to2.50% |
|
Kotak Mahindra Bank Personal Loan in Madurai |
1-5 years |
11.50%* |
5% of outstanding principal. |
Up to 2.5% |
|
Aditya Birla Personal Loan in Madurai |
1-5 years |
11.75%* |
4% of principal outstanding in 1st year, 3% in the 2nd year, and thereafter preclosure permitted after 6 months. |
1% of principal. |
|
SBI Personal Loan in Madurai |
1-5 years |
12.50%*-16.60%* |
3% of the prepaid amount (after 1st EMI) |
Up to 3% of the loan amount |
|
Capital first Personal Loan in Madurai |
1-5 years |
16% |
4% of outstanding |
Up to 2.49% of the loan amount |
|
IDFC First Personal Loan in Madurai |
1-5 years |
10.99%* |
4% of outstanding |
2% – 4% |
|
Indiabulls Personal Loan in Madurai |
1-5 years |
11.99%* |
5% if less than 6 months. |
Up to 5% |
|
TATA Capital Personal Loan in Madurai |
1-6 years |
13.99%* |
4.5% of the outstanding principal. And NIL for the initial 6 months |
Up to 2% |
|
ECL Finance Personal Loan in Madurai |
1-5 years |
17.50%* |
4% of principal amount outstanding+GST |
Up to 2% of the loan amount |
*Interest rates change time to time.
