Personal loan is a quick and easy finance readily available for salaried employees at a very competitive interest rate. The purpose of borrowing a personal loan can be any may it be for your personal use or fairy-tale wedding of one of your family member.
Any person who is salaried is liable for availing this facility.
Experience in case of salaried is at least 2 years.
Minimum net monthly income should be more than Rs 15,000.
Applicant should have a credit score above 750.
Below are the features which will benefit you if you avail this loan.
You pay the loan in equal monthly instalments (EMIs). The loan can also be paid through post-dated cheques. You can also pay through ECS to debit from your bank account with the EMI amount.
The additional charges (if any) are applicable in case you default or in case of SWAP (i.e. change the repayment mode).
Yes, you can close your personal loan account in part after completion of 12 EMIs from loan disbursement terms and condition applied.
Tenure in case of personal loan is 2 to 5 years and ROI starts from 11.5%.
