Apply Personal Loan Online Upto Rs. 25 Lacs
Details on Personal Loan
Personal Loan in Ludhiana
Overview of Personal Loan in Ludhiana
Personal Loan in Ludhiana offers financial support against any kind of financial obstacle. Using Easy Personal Loan in Ludhiana, you can meet almost all kinds of financial needs. Starting from child’s education to wedding expenses, house renovation to purchase of consumer durable goods, debt consolidation to vacation, you can easily fulfill your monetary needs using Easy Personal Loan in Ludhiana. You need to have a CIBIL score of minimum 750 or above and a decent income to obtain low interest Personal Loan in Ludhiana. Instant Personal Loan in Ludhiana does not pledge any kind of collateral or security. Unsecured Personal Loan in Ludhiana offers low interest rate for applicants having high CIBIL score and stable income source with good repaying capacity. You can avail Personal Loan in Ludhiana from Rs. 25,000 to Rs. 25 lakhs from Personal Loan Finance Company in Ludhiana.
Why you should opt for Personal Loan in Ludhiana?
Ludhiana, the largest city of Punjab is famous for its apparel industry. Many small scale, medium and large scale manufacturing industries have been set up in Ludhiana. This resulted in large industrial growth which is increasing the demand for Personal Loan in Ludhiana. With the help of Urgent Personal Loan in Ludhiana, you get additional cash almost instantly by submitting minimum documents. Personal Loan in Ludhiana gets disbursed very quickly and can be easily repaid with easy EMI. For low interest Personal Loan in Ludhiana, you need to have a minimum CIBIL score of 750 or above with a stable income source. But for low cibil score Personal Loan in Ludhiana, a higher interest rate is charged.
Here’s the reason as to why should you opt for Personal Loan in Ludhiana –
- Low processing fee is charged along with the interest rate for Personal Loan in Ludhiana. No hidden fees are charged.
- You can avail Urgent Personal Loan in Ludhiana to meet your financial needs and can repay within the tenure of 1 year to 5 years.
- Unsecured Personal Loan in Ludhiana offers attractive interest rates with easy EMI option.
- Personal Loan in Ludhiana for salaried as well as Personal Loan in Ludhiana for self-employed individuals are available.
- Online Personal Loan in Ludhiana offers convenient loan process with ease.
- The Personal Loan Finance Company offers Instant Personal Loan in Ludhiana at an attractive interest rate.
- For best Personal Loan Interest Rates in Ludhiana, you can easily go for comparing interest rates of Personal Loan in Ludhiana of various banks & NBFCs.
Eligibility Criteria for Personal Loan in Ludhiana
The eligibility criteria for Personal Loan in Ludhiana are very easy to meet. You need to have a good repaying capacity with CIBIL score of at least 750 or more to be eligible for Personal Loan in Ludhiana. Also, if you apply for Personal Loan in Ludhiana at an early age, then your repaying capacity will be high and you can obtain low interest Personal Loan in Ludhiana.
Following are the eligibility criteria to apply for Personal Loans in Ludhiana-
|
Personal Loan in Ludhiana Eligibility Criteria |
Salaried |
Self-Employed |
|
Age of Applicant |
21-60 years |
25-65 years |
|
CIBIL score |
750 or above |
750 or above |
|
Profession |
Works in private sectors, govt organization orMNCs |
Business Professionals, public or private ltd. companies,sole propritership firms, partnership firms, etc. |
|
Income |
Minimum of Rs. 20,000 |
MinimumTurnover of Rs. 1 crore |
|
Work Experience |
Minimum 2 years of working experience with a minimum of 1 year in the present organization |
Business Continuity for at least 3 years |
|
Loan Amount |
Up to Rs. 25 lakhs (varies with banks and NBFCs) |
Up to Rs. 30 lakhs (differs with the banks & NBFCs) |
Documents required for Personal Loan in Ludhiana
Following are the common set of testimonials required to apply for Personal Loans in Ludhiana-
- Passport size photo
- ID proof- AADHAR Card, Passport, PAN Card, Ration Card.
- Residential Proof- Utility Bills like- Gas or Electricity or Water Bills, Driving License, Passport.
- Personal Loan Application Form
-
For Self-Employed
- Copy of Profit & Loss statement and audited Balance Sheet of the last 24 months
- ITR of last 3 years.
- Verified papers of Trade License/Partnership Deed/Sales Tax Certificate/Memorandum and Articles of Association.
-
For Salaried
- Form 16.
- Last 3 months salary slip.
- Last 6 months updated bank a/c statement.
Personal Loan Interest Rates in Ludhiana of different Financial Institutions
You can easily opt for Personal Loan in Ludhiana by comparing the Personal Loan interest rates in Ludhiana of different Banks and NBFCs-
|
Banks |
Loan Tenure |
Interest Rates |
Pre-Closure Charges |
Processing Fees |
|
Axis Bank Personal Loan in Ludhiana |
1-5 years |
15.50%* |
NIL |
Up to 2.00% |
|
IndusInd Bank Personal Loan in Ludhiana |
1-5 years |
12.99%* |
4% of outstanding principal |
0.25% to 2.50% |
|
IDFC First Personal Loan in Ludhiana |
1-5 years |
10.99%* |
4% of outstanding |
2% – 4% |
|
YES Bank Personal Loan in Ludhiana |
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 |
|
Kotak Mahindra Bank Personal Loan in Ludhiana |
1-5 years |
11.50%* |
5% of outstanding principal. |
Up to 2.5% |
|
SBI Personal Loan in Ludhiana |
1-5 years |
12.50%*-16.60%* |
3% of the prepaid amount (after 1st EMI) |
Up to 3% of the loan amount |
|
HDFC Bank Personal Loan in Ludhiana |
1-5 years |
10.99%* |
Between 2% to 4% of the outstanding principal. |
Up to 2.50% |
|
Fullerton India Personal Loan in Ludhiana |
1-5 years |
17.25%* |
4% of outstanding principal. |
Up to 2% |
|
Capital first Personal Loan in Ludhiana |
1-5 years |
16%* |
4% of outstanding |
Up to 2.49% of the loan amount |
|
ICICI Bank Personal Loan in Ludhiana |
1-5 years |
11.49%* |
5% of outstanding principal + GST |
Rs. 999* |
|
TATA Capital Personal Loan in Ludhiana |
1-6 years |
13.99%* |
4.5% of the outstanding principal. And NIL for the initial 6 months |
Up to 2% |
|
Aditya Birla Capital Personal Loan in Ludhiana |
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. |
|
Indiabulls Venture Capital Personal Loan in Ludhiana |
1-5 years |
11.99%* |
5% if less than 6 months. |
Up to 5% |
|
Bajaj Finserv Personal Loan in Ludhiana |
1-5 years |
14.75%* |
NIL |
Up to 3% |
|
ECL Finance Personal Loan in Ludhiana |
1-5 years |
17.50%* |
4% of principal amount outstanding+GST |
Up to 2% of the loan amount |
*Interest rates change time to time.
