Personal Loan Kalka

Personal Loan Kalka

If the individual has an immediate need for money, then a personal loan is one of the best choices available for him. The most beneficial thing about them is that they are available very easily. Furthermore, they are multi-purpose, so these can be applied for reasons like a wedding, vacations, medical expenses, college fee etc.


Eligibility criteria for Personal Loan Kalka

Every client needs to fulfill the eligibility requirement without any exception. One is eligible to get a personal loan if he/she is a Salaried employee or Self Employed. Moreover, he/she need to meet the following requirements also:

Firstly, the salaried client needs to be 21 years of age, and self-employed clients need to be 25 years.

Also, the maximum age for the salaried candidates is 60 years at the time of maturity and 65 years in case of self-employed candidates.

He/she should be a citizen or permanent resident of India.

The client needs to have a minimum Credit Score 700.

He/she should have a rigid source of income.

Moreover, the salaried candidates should receive a salary in their bank account.

Furthermore, the monthly income of the salaried applicants should be Rs. 18000 at least.

Lastly, the self-employed applicants should have paid an ITR of Rs. 2.5 Lacs at least for the last three years.


Personal Loan Kalka Documentation

First of all, you require 2 coloured passport size photographs.

After that, you must possess some documents for identity proof, Residential proof, and Income proof.

For Identity and Residential Proof, you need to submit PAN card or Aadhar card or Voter Id card or Driving license or Passport.

Then, you need documents for income proof like a bank statement or your salary slip of the last 6 months and self-employed applicants need to add their income tax return statement of the previous 3 years.


Personal Loan Kalka Interest Rates

Usually, the interest rate of a personal loan varies due to various factors present in the market. But often, these are 10.75% p.a. Factors like the amount of credit, type of bank, etc. affect the interest rates.


Pre-closure Charges

Personal Loans is available to the clients with the Pre-closure facility, but it involves some penalty charges. Generally, these charges are 0-2%.


Tenure of Personal Loan Kalka

The clients are free to select the tenure of their credit, i.e. from 1 year to 5 years. However, it depends upon the applicant’s suitability.


Methods of Repayment

A personal loan has 3 repayment modes:

Term Loan- The client pays the bank per month interest rate, and in the end, he/she will pay the principal amount as well.

Overdraft- Overdraft facility provides the client to pay only the used amount of loan for that particular time. Also, there are no interest charges upon it.

EMI- EMI is that facility in which the bank makes the instalment of a part of interest rate and principal after that the customer need to pay it per month.


Features of the Personal Loan Kalka

It is easy to Apply for a personal loan. The client can apply online in 2 minutes. However, the Personal Loan is available offline as well, but the online method is more convenient.

Also,  you can visit our website,

A personal loan doesn’t involve any collateral asset. Applicants get the loan as per their income or salary.

Moreover, the applicants are not bounded by any restrictions on the end use of loan amount.

Furthermore, the tenure of the loan is quite flexible.

It takes only 30 minutes for the approval of Personal Loan if the client is eligible for the loan.


Where can the Personal Loan amount be used?

A personal Loan amount is used for multiple reasons like:

Wedding – Everyone desire to organise a Big Fat Indian Wedding but fails when they get out of cash. In such situations, a personal loan can be very beneficial.

Education – For higher education, one may get short of cash, in such a circumstance, a personal loan will finance you.

Medical – You can never predict when you meet with an accident and get out of funds to make the payments for your expenses. A personal loan is the best option in such situations.

Vacations – Personal loan is available for the payment of travel expenses so that you can give your life a boost up.

At last, it is on the applicant’s will.


About Kalka

Kalka is a small town in the Panchkula district of Haryana state of India. The town’s name is derived from the Goddess Kali. Also, the town is situated on the foothills of the Himalayas.