Agra is a very popular tourist spot. It also has plenty of people settling there due to its beautiful environment. As many people reside in Agra, there arises a need for finances. If you reside in Agra, and need financial assistance, you can opt for a Personal Loan. It is important to get the best Personal Loan in Agra as it can help you financially. Let us have a look into how you can get one.
There are many features and benefits of a Personal Loan. Here are some important ones.
Once you complete the application and submit all of the required documents, your instant Personal Loan in Agra gets disbursed in no time.
You can choose your tenure anywhere between 12 months and 60 months depending on how quickly you can afford to repay your loan.
The application process is transparent and no hidden charges are involved.
To apply for a Personal Loan with Finserv MARKETS, minimal paperwork is required.
To complete the Personal Loan application process, the following documents are required.
Residence Proof such as Aadhar Card, Driving License, etc.
Identity Proof such as Passport, Voter ID, PAN Card, etc.
Employment Proof such as Form 16, ITR, etc.
Income Proof such as Salary slips, Bank Statements, etc.
To be eligible for a Personal Loan in Agra, you need to have the following eligibility criteria.
You should be an Indian citizen to apply for a Personal Loan.
You should be a salaried individual and should also have work experience for 2-3 years to be eligible for an instant loan in Agra.
You must be a minimum of 21 years and a maximum of 63 years of age while applying for the Personal Loan.
It is recommended to earn a minimum of Rs. 15,000 before applying for a Personal Loan.
You should have a credit score of 600 or above.
You can calculate the total interest by the following formula where ‘r’ represents interest rate, ‘P’ represents the principal amount, and ‘n’ represents tenure in months.
Total Payable Interest = (P*n*r)/100
The Personal Loan interest rates in Agra depend on several factors like the following.
A score above 750 is considered to be an excellent credit score. Having a good score can fetch you a lower interest rate.
The relationship you have with the bank is important as it can affect the rate of interest offered.
Being an individual with a stable income is a sign of credibility to the bank. Having a high income can get you a lower rate of interest.
If your repayment history is good, there are more chances of you availing of a lower interest rate on your Personal Loan.
The application process is simple and can be done in 3 simple steps.