Personal Loan Eligibility
Salaried Individuals include Salaried Doctors, CAs, employees of select Public and Private limited companies, Government Sector employees including public sector undertakings and central, state and local bodies:
Self employed (Professionals) include self - employed Doctors, Chartered Accountants, Engineers, MBA Consultants, Architects, Company Secretaries.
Self Employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in the Business of Manufacturing, Trading or Services.
Self Employed (Pvt Cos and Partnership Firms) include Private Companies and Partnership firms in the Business of Manufacturing, Trading or Services
Personal Loan Benefits
- Borrow up to Rs 15,00,000for any purpose, depending on your requirements.
- Repay with easy EMIs.
- Avail Attractive Interest Rates
- Hassle-freeLoans - No Guarantor / Security / Collateral required
- Speedy Loan Approval.
- Flexible repayment options, ranging from 12 to 48 months.
- Convenience of service at your doorstep.
- Credit Shield.
- Personal Accident Cover.
Personal Loan FAQs
Q:What is a Personal loan?
Ans : An unsecured loan is called a Personal loan. This implies that you don’t have to give any security, as with a car loan or a home loan, where the underlying asset is mortgaged with the bank. Normally, the bank does not ask for guarantors either. More advantages: minimum documentation and speedy clearance (within three to seven days of applying). And there is no monitoring of 'end use' -- you can use the loan for any purpose you like.
Q: What documents do I need to establish proof of income?
Ans: For income proof, most banks look at your IT returns for the last two years and also at the nature of income. However some banks do not consider speculative income - from the stock market, rental or agricultural income. Some banks discount such income by up to 50% in their workings.
When can I apply for a Home Loan?
You can for apply for Home Loan at anytime. You may apply for it after you have decided to acquire/construct a property, and even in case, the property has not been selected or the construction has not commenced, you can still apply. What's more, you can also avail for Home Loan facility if you want to renovate or expand your home.
Personal Loan Document Required
Documents required in Personal Loan
- Identity proof
- Three to Six months Bank statements
- Residence proof
- Salary slip
- Guarantors & their same set of documents if required
NOTE In case of self-employed banks require balance sheets, profit & loss account, partnership deed & other mandatory documents etc.
Personal Loan Over View
Best deal4loan is your first stop for all your personal loan needs.We are established, safe, secure, quick, and customer service oriented. Personal loan is a short-term loan to assist you with your finances. These loans have become quite popular today, and now this is the main way to get financial assistance in the form of a cash advance.The amount of loan can be ranged from Rs. 50,000 – Rs. 20 lakh & the tenure for repaying the loan varies from 1 to 5 years.
Features & Benefits
We help you in evaluating your loan on the basis of the following parameters: