{"id":119,"date":"2020-07-31T09:53:31","date_gmt":"2020-07-31T09:53:31","guid":{"rendered":"http:\/\/magicloans.in\/?p=119"},"modified":"2020-07-31T09:53:31","modified_gmt":"2020-07-31T09:53:31","slug":"personal-loan-nagpur","status":"publish","type":"post","link":"https:\/\/magicloans.in\/personal-loan-nagpur\/","title":{"rendered":"Personal Loan Nagpur"},"content":{"rendered":"<p style=\"text-align: justify;\">\n<h3 style=\"text-align: left;\">All about Personal Loan Nagpur<\/h3>\n<p>A personal loan is an unsecured loan which helps you to meet your current financial crises. You don&#8217;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 the Personal Loan in Nagpur via <a href=\"https:\/\/magicloans.in\">magicloans.in<\/a> and get instant approval.<img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-9590 size-full\" src=\"http:\/\/magicloans.in\/wp-content\/uploads\/2019\/12\/download.jpg\" alt=\"Personal Loan Nagpur\" width=\"216\" height=\"233\" \/><\/p>\n<p><strong><em>Read more about <\/em><\/strong><a href=\"https:\/\/www.magicloans.in\/personal-loan\/\"><em>Personal Loan<\/em><\/a><\/p>\n<h3 style=\"text-align: left;\">What is the Eligibility criteria for taking Personal Loan Nagpur?<\/h3>\n<p>Both Self-employed and Salaried applicants can avail a personal loan, but the criterion is different for both applicants.<\/p>\n<h4>For Salaried:<\/h4>\n<ul>\n<li>Firstly, the borrower should be an Indian citizen.<\/li>\n<li>Secondly, the applicant\u2019s age should be at least 21 years.<\/li>\n<li>Next, the applicant\u2019s age should not be above 60 years.<\/li>\n<li>After that, the borrower should be working in a company from the last three months.<\/li>\n<li>Lastly, minimum salary of the customer should be Rs 18,000 per month.<\/li>\n<li>Also, the person needs to have a minimum CIBIL Score of 700.<\/li>\n<\/ul>\n<h4>For Self-Employed:<\/h4>\n<ul>\n<li>Firstly, the borrower should be an Indian citizen.<\/li>\n<li>Secondly, the applicant\u2019s age should be at least 25 years.<\/li>\n<li>Next, the applicant\u2019s age should not be above 65 years.<\/li>\n<li>After that, the person should be carrying his\/her business for at least three years.<\/li>\n<li>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.<\/li>\n<li>Also, the person needs to have a minimum CIBIL Score of 700.<\/li>\n<\/ul>\n<p><strong><em>To know more about:\u00a0<\/em><\/strong><a href=\"http:\/\/magicloans.in\/personal-loan-eligibility\/\"><em>Personal<\/em><\/a><a href=\"http:\/\/magicloans.in\/personal-loan-eligibility\/\"><em>\u00a0Loa<\/em><\/a><a href=\"http:\/\/magicloans.in\/personal-loan-eligibility\/\"><em>n<\/em><\/a><a href=\"http:\/\/magicloans.in\/personal-loan-eligibility\/\"><em>\u00a0Eligibility<\/em><\/a><\/p>\n<h3 style=\"text-align: left;\">What are the Documents Required for taking Personal Loan Nagpur?<\/h3>\n<ul>\n<li style=\"text-align: justify;\">First of all, one need 2 coloured passport sized photographs.<\/li>\n<li style=\"text-align: justify;\">Then, one must have some documents for identity, Residential, and Income proofs.<\/li>\n<li style=\"text-align: justify;\">So, one need to submit PAN card or Aadhar card or Voter Id card or Driving license or Passport as their Identity and Residential proof.<\/li>\n<li style=\"text-align: justify;\">Lastly, one needs a bank statement or his salary slips of the last 6 months as income Proof. Also, for self-employed, one need to add his\/her income tax return statement of the previous 3 years.<\/li>\n<\/ul>\n<h3 style=\"text-align: left;\">What are the Interest Rates of Personal Loan Nagpur?<\/h3>\n<p style=\"text-align: justify;\">Usually, the interest rate is 10.75% p.a. But it continues to vary with time due to various factors like the amount of credit, bank, and so on.<\/p>\n<p><strong><em>More About:\u00a0<\/em><\/strong><a href=\"http:\/\/www.magicloans.in\/personal-loan-interest-rates\/\"><em>Interest Rates on Personal Loan<\/em><\/a><\/p>\n<h3 style=\"text-align: justify;\">Pre-closure Charges<\/h3>\n<p style=\"text-align: justify;\">Personal Loans avails the client with Pre-closure facility, but it adds some penalty charges. Generally, these charges are 0-2%.<\/p>\n<h3 style=\"text-align: left;\">What is the maximum Tenure of Personal Loan Nagpur?<\/h3>\n<p style=\"text-align: justify;\">A person is free to select his tenure of the loan from 1 year to 5 years. It completely depends on his\/her requirement.<\/p>\n<h3 style=\"text-align: justify;\">How you can Repay the Loan Amount?<\/h3>\n<p style=\"text-align: justify;\">A personal loan has 3 repayment modes:<\/p>\n<ul>\n<li style=\"text-align: justify;\"><strong>Term Loan <\/strong>&#8211; Under this, the client pays the banker per month interest rate, and in the end, he\/she will pay the principal amount.<\/li>\n<li style=\"text-align: justify;\"><strong>Overdraft<\/strong> &#8211; Overdraft facility provides the client to pay only the used amount for that particular time of the credit. Also, there are no interest charges.<\/li>\n<li style=\"text-align: justify;\"><strong>EMI<\/strong> &#8211; EMI under which the bank makes the instalment of a part of interest rate and principal after which the client needs to pay it per month.<\/li>\n<\/ul>\n<h3 style=\"text-align: left;\">What are the Important Features of the Personal Loan Nagpur?<\/h3>\n<ul>\n<li style=\"text-align: justify;\">The client can apply online in 2 minutes. The Personal Loan is available offline as well, however, the online mode is quite hassle-free.<\/li>\n<li style=\"text-align: justify;\">You can visit our website, <a href=\"http:\/\/www.magicloans.in\/\">www.magicloans.in<\/a>.<\/li>\n<li style=\"text-align: justify;\">It is an unsecured loan, so it doesn\u2019t involve any asset as collateral. Credit is provided as per the income or salary of the client.<\/li>\n<li style=\"text-align: justify;\">Also, the client does not have to follow any rules and restrictions on the end use of credit.<\/li>\n<li style=\"text-align: justify;\">Moreover, tenure of the loan is flexible.<\/li>\n<li style=\"text-align: justify;\">Furthermore, it takes merely 30 minutes to get the approval of Personal Loan only if the client is fulfilling the eligibility.<\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\">Where you can use the Personal Loan Amount?<\/h3>\n<p style=\"text-align: justify;\">A personal loan amount is used for multiple purposes. Following are some of them:<\/p>\n<ul>\n<li style=\"text-align: justify;\"><strong>Wedding<\/strong> \u2013 a personal loan can be utilized for wedding purposes, which involves a large amount of funds. For such reasons, a person can get a Personal Loan comfortably.<\/li>\n<li style=\"text-align: justify;\"><strong>Education<\/strong> \u2013 Personal Loan can help a person to have quality education for himself or his child.<\/li>\n<li style=\"text-align: justify;\"><strong>Medical<\/strong> \u2013 You can never know when you face a medical emergency and get out of cash. In such a case, a personal loan is the best option.<\/li>\n<li style=\"text-align: justify;\"><strong>Vacations<\/strong> \u2013 Everyone wants to go on Vacations and enjoy completely. But this can cost you heavier. So in such a situation, a personal loan can be beneficial.<\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\">About Nagpur<\/h3>\n<p style=\"text-align: justify;\">Nagpur is the third largest city of the Indian state of Maharashtra. Also, it is the 13th largest Indian city by population. As per the Oxford Economics report, Nagpur is projected to be the fifth fastest growing city of the world from 2019-2035 with an average growth of 8.41%.<\/p>\n<!-- Shortcode [pl-banks-cities] does not exist -->\n","protected":false},"excerpt":{"rendered":"<p>All about Personal Loan Nagpur A personal loan is an unsecured loan which helps you to meet your current financial crises. You don&#8217;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&hellip;&nbsp;<a href=\"https:\/\/magicloans.in\/personal-loan-nagpur\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">Personal Loan Nagpur<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/119"}],"collection":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/comments?post=119"}],"version-history":[{"count":0,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/posts\/119\/revisions"}],"wp:attachment":[{"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/media?parent=119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/categories?post=119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magicloans.in\/wp-json\/wp\/v2\/tags?post=119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}