Personal Loan Chandigarh

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All about Personal Loan Chandigarh

A personal loan is an unsecured loan which helps you to meet your current financial crises. You don’t need to pledge any security or collateral while applying for a personal loan and the financial institution provides you with the flexibility to use the funds as per your need. Apply online for Personal Loan in Chandigarh via magicloans.in and get instant approval.

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Personal Loan Chandigarh

What is the minimum Interest Rate of Personal Loan Chandigarh?

Many NBFCs and banks provide personal loans at different rates. Generally, personal loans are offered at 10.75% annually. The interest rate varies according to the customer’s need as higher the loan amount lesser will be the interest rates.

More About: Interest Rates on Personal Loan

What is the Eligibility Criteria for Personal Loan Chandigarh?

Both Self-employed and Salaried applicants can avail a personal loan, but the criterion is different for both the customers.

For Salaried:

  • Firstly, the borrower should be an Indian citizen.
  • Secondly, the applicant’s age should be at least 21 years.
  • Next, the applicant’s age should not be above 60 years.
  • After that, the borrower should be working in a company from the last three months.
  • Lastly, Minimum salary of the customer should be Rs 18,000 per month.

For Self-Employed:

  • Firstly, the borrower should be an Indian citizen.
  • Secondly, the applicant’s age should be at least 25 years.
  • Next, the applicant’s age should not be above 65 years.
  • After that, the person should be carrying his/her business for at least three years.
  • Next, the customer should be filing his/her Income Tax Returns at least for three years with a minimum amount of Rs. 2.5 lakhs.

To know more about: Personal Loan Eligibility

Foreclosure of Personal Loan Chandigarh

A foreclosure facility is available for the applicant if he/she wants to close the loan before the date of tenure. The banks charge a very nominal amount as foreclosure charges.

What are the Documents Required for Personal Loan Chandigarh?

The borrower doesn’t require too many documents for availing a personal loan. Some necessary documents are needed, and they are mentioned below:

  • Identity Proof – An Aadhaar card/ Passport/ PAN card/ Ration card/ Voter card.
  • Residence Proof – Aadhaar card/ Ration card/ Voter card/ PAN card/ Passport / rent agreement on the name of the applicant/ Utility bills on the name of applicant.
  • A salaried person should have salary slips of at least last three months.
  • A self-employed person should have Income Tax Returns of at least last three years.
  • Two latest coloured passport size photographs.

How to Apply Online for Personal Loan in Chandigarh?

  • First of all, you have to visit our website, i.e.,  www.magicloans.in
  • Secondly, you should fill your details on the form.
  • Once you are done with formalities, all you need to do is just relax. Our relationship manager will contact you.
  • After that, our relationship manager will select the best loan scheme for you.
  • At last, once you have decided from which bank you want to avail the loan, our relationship manager will help you to get your loan disbursed.

What Benefits you will get?

  • First of all, the applicant doesn’t have to pledge any security.
  • Secondly, the process is speedy.
  • Next, it requires minimum documentation.
  • A personal loan gets quickly approved.
  • After that, the customer doesn’t need any guarantor.
  • Besides all these, the loan disbursal is very quick.

About Chandigarh

Chandigarh is the capital of Indian states of Punjab and Haryana. The place was designed by the Swiss-French modernist architect, Le Corbusier.

For more information, please visit www.magicloans.in