What is a Personal Loan?
A Personal Loan is an unsecured loan. It helps you meet your urgent money needs. Therefore, there is no need to give any security. We give the best loan offers on Personal Loan For Indian Railway Employees at www.magicloans.in. So, Apply online to book your personal loan now!
What is the Eligibility for Personal loan For Indian Railway Employees?
|Age Criteria||21-65 years of age.|
|Work Experience||Min. 6 months in the current organisation. (Preferred)|
|Total Work Exp.||a total work experience of 2 years (varies from bank to bank)|
|Min. Net Income||At least, Rs. 15000/- per month. |
(may vary depending upon your profile).
|CIBIL||720 or more with a good credit history.|
What are the documents needed for availing a Personal Loan?
|Identity Proof||Passport ; PAN card ; Aadhar Card ; Voter ID card ; Driving license. |
|Residential Proof||Passport ; Driving License ; Voter ID ; Electricity bill. (Not older than 3 months)|
|Income Proof||Latest 3 months’ income slip as well as 6 months’ bank account statement. |
Also, Form 16 of last 2 years.
|Age Proof||Passport ; PAN Card ; Birth Certificate ; Employee ID Card.|
Benefits on Personal Loan For Indian Railway Employees?
1. Personal Loans For Indian Railway Employees start at 12.25%.
2. Banks offer loans for pensioners at lowest rates for a tenure of upto 5 years until 75 years of age.
What are the Fees and Charges associated with a Personal Loan?
|Processing charges||Upto 2% on loan loan amount (Varies from bank to bank)|
|Pre-closure charges||NIL to 5% on outstanding loan amount. ( Varies from bank to bank )|
We offer Personal Loan to Railway Employees working in the following departments: