Apply Personal Loan Online Upto Rs. 25 Lacs
Details on Personal Loan
Personal Loan in Erode
Overview of Personal Loan in Erode
Personal Loan in Erode will help you to fulfill all your financial need. Personal Loan in Erode is an unsecure loan so while you avail this loan you don’t have to mortgage any of your property as security. Personal Loan in Erode comes with low interest rates but if you have low cibil score your rate of interest will be higher. Unsecured Personal Loan in Erode will give you the full support to fulfill all you needs. You can use Personal Loan in Erode for purchasing electronics ,emergency medical help, child’s education, wedding, holiday, or house renovation you can use the Personal Loan in Erode the way you want. Personal Loan in Erode without CIBIL check is impossible. If you are availing a Personal Loan in Erode online your interest rate will be lower. Personal Loans in Erode offer an amount from Rs. 25,000 to Rs. 25, 00,000 for repayment tenure of five years. You can go for Personal Loan apply online in Erode for lowest interest rates. You also can avail Easy Personal Loans in Erode with minimal documents. It is impossible to avail Personal Loan for unemployed in Erode .If you are a salaried person you can easily go for Personal Loan for salaried in Erode with minimum interest rates. Also if you want to avail a Personal Loan in Erode with low interest rate you must have maintain a lower CIBIL Score. Because Personal Loan for low Cibil score in Erode is offered a higher interest rate.
Why you should opt for Personal Loan in Erode?
Erode is one of the growing city in and, one of the most popular cities in India. The lifestyle of Erode is upgrading every day to make sure that you still didn’t stay in backwards you can avail Personal Loan in Erode to make your life easy and comfortable. You can avail Personal Loans in Erode online with competitive interest rates. Both salaried and self-employed can avail Personal Loan in Erode .Personal Loan in Erode is offered by many lending institutions of India which includes Bank and NBFC both in lowest interest rates. In addition to that, they provide money lenders loans in Erode private finance loans in Erode ,cash loan in Erode , immediate cash loan in Erode , Personal Loan by Private financer in Erode , instant Personal Loan in Erode , Personal Loans in Erode are different kinds of Personal loans in Erode .
Here are some points that why you should go for Personal Loan in Erode .
- You do not have to mortgage any of your security to avail a Personal Loan in Erode
- You do not need any guarantor at Personal Loan in Erode
- Personal Loan in Erode comes with lower interest rates; the processing fees are minimum and no hidden charges.
- You can check your Personal Loan in Erode application status and your Personal Loan in Erode eligibility just in a second from home by just clicking a button from your home or office.
- You can repay your Personal Loan in Erode from 12 months to 60 months.
- You can avail Personal Loan in Erode up to Rs. 25 lakh (varies).
- To avail a Personal Loan in Erode you don’t need give a purpose to any institutions. There is no specific purpose to avail a Personal Loan in Erode .
- In your emergency needs you can easily avail instant Personal Loan in Erode , cash loan in Erode or immediate cash loan in Erode .
- If you are self-employed you can easily avail Personal Loan for Self-employed in Erode .
Eligibility Criteria for Personal Loan in Erode
It is not much hard to avail Personal Loan in Erode you just need minimum eligibility to avail a Personal Loan in Erode . You must maintain a good Credit score to avail Personal Loan in Erode .If you are applying for Personal Loan in Erode at a younger age you have chance to make your interest rate lower.
Here are the eligibility criteria for Personal Loan in Erode .
|
Personal Loan in Erode Eligibility Criteria |
Salaried |
Self-Employed |
|
Age |
21-60 years |
25-65 years |
|
Income |
Min- Rs. 20,000 or Rs. 25,000 |
Min Turnover- Rs. 1 crore |
|
Profession |
Working in MNCs, private sector or government organization |
Business Professionals, private or public ltd. companies, partnership firms etc. |
|
Work Experience |
Minimum 2 years of experience with at least 1 year in the present company |
Business Continuity for a minimum of 3 to 5 years |
|
CIBIL score |
750 or above |
750 or above |
|
Loan Amount |
Up to Rs. 25 lakhs (different for various financial institutions) |
Up to Rs. 30 lakhs (varies according to the financial institution) |
Documents required for Personal Loan in Erode
Following are the common set of documents which you need to submit while applying for Personal Loan in Erode –
- Duly filled application form.
- Passport size photograph.
- ID proof- PAN card, AADHAR card, Driving License.
- Residential proof- Any latest utility bill like Electricity bill, Gas bill. Passport.
-
For Salaried Individuals
- Bank Statement of the last 6 months.
- Copy of Form 16 and Receipt of Income Tax.
- Salary slips of last 3 months.
-
For Self-employed
- ITR copy of the past three years.
- Verified copy of Partnership Deed/Memorandum and Articles of Association/ Trade License/Sales Tax Certificate
- Copy of Profit & Loss statement, Balance Sheet of last 2 years
Interest Rates for Personal Loan in Erode of different Financial Institutions
Following are some of the financial institutions which offer Unsecured Personal Loan in Erode online at an attractive interest rate
|
Banks |
Loan Tenure |
Interest Rates |
Pre-Closure Charges |
Processing Fees |
|
Kotak Mahindra Bank Personal Loan in Erode |
1-5 years |
11.25%* |
5% of outstanding principal. |
Up to 2.5% |
|
ICICI Bank Personal Loan in Erode |
1-5 years |
11.49%* |
5% of outstanding principal + GST |
Rs. 999* |
|
SBI Personal Loan in Erode |
1-5 years |
12.50%*-16.60%* |
3% of the prepaid amount (after 1st EMI) |
Up to 3% of the loan amount |
|
YES Bank Personal Loan in Erode |
1-5 years |
14%* |
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 Erode |
1-5 years |
14.75%* |
NIL |
Up to 3% |
|
HDFC Bank Personal Loan in Erode |
1-5 years |
11.25%* |
Between 2% to 4% of the outstanding principal. |
Up to 2.50% |
|
IndusInd Bank Personal Loan in Erode |
1-5 years |
12.99%* |
4% of outstanding principal |
Up to 2.50% |
|
Indiabulls Venture Capital Personal Loan in Erode |
1-5 years |
11.99%* |
5% if less than 6 months. |
Up to 5% |
|
Axis Bank Personal Loan in Erode |
1-5 years |
15.50%* |
NIL |
Up to 2.00% |
|
IDFC First Personal Loan in Erode |
1-5 years |
10.99%* |
4% of outstanding |
2% – 4% |
|
Aditya Birla Capital Personal Loan in Erode |
1-5 years |
11.75%* |
4% of principal outstanding in 1st year, 3% in the 2ndyear, and thereafter preclosure permitted after 6 months. |
1% of principal. |
|
TATA Capital Personal Loan in Erode |
1-6 years |
13.99%* |
4.5% of the outstanding principal.And NIL for the initial 6 months |
Up to 2% |
|
Fullerton India Personal Loan in Erode |
1-5 years |
17.25%* |
4% of outstanding principal. |
Up to 2% |
|
Capital first Personal Loan in Erode |
1-5 years |
16%* |
4% of outstanding |
Up to 2.49% of the loan amount |
|
ECL Finance Personal Loan in Erode |
1-5 years |
17.50%* |
4% of principal amount outstanding +GST |
Up to 2% of the loan amount |
*Interest rates change time to time.
