Personal Loan in Guwahati

Guwahati is the biggest city in the state of Assam. With an increase in the economy by tourism, petroleum and tea, applications for Personal Loan have increased. With this, the process has become simpler, quicker and less trying.

 

Now you can apply for a Personal Loan from anywhere with easy-to-meet criteria, simple instructions and quick approval. If you are looking for a Personal Loan in Guwahati, Bajaj Markets helps you in connecting with the best lending partners in the country, Bajaj Finance Limited, Fullerton India, and many more. You can avail different types of Personal Loans such as travel loan, marriage loan, home renovation loan, debt-consolidation loan and education loan. We help you choose what suits your needs. 

Personal Loan Eligibility Criteria

If you are applying for a Personal Loan, you need to meet these basic criteria for quick and hassle-free approval:

 

• Age: If you are applying for a loan you should be between 25 to 58 years of age if you are a salaried applicant.

• Nationality: You should be a citizen of India.

• Profession: You must be a salaried individual working at an MNC, or private or public limited company to avail the Personal Loan.

• Earning amount: If you are a salaried applicant, your minimum net monthly income should be between Rs. 25,000 - Rs. 35,000.

• Credit score:A good score of 700 or more is required to avail a Personal Loan approval at a low rate of interest.

Documents Required for Personal Loan

If the following documents are handy while applying for a Personal Loan, the process will be effortless with quick approval.

 

• Identity proof: Basic identification proof like your name, age, gender etc.

• Residence proof: Your permanent residence or current place of residence.

• Income proof: Information of your monthly in-hand income.

Application Process

Your Personal Loan amount will get deposited in your bank account as soon as your application form is verified and accepted. You need to follow these basic steps:

 

• Step 1: Fill the online application form with your personal and financial details.

• Step 2: Choose the loan amount that suits your requirement and a tenure for quick approval.

• Step 3: Keep all documents mentioned above handy for verification.

• Step 4: After you have filled your form thoroughly with no errors, it will be analysed and approved. The loan amount will then be disbursed in your bank account.

Fee and Charges

There are a few fees and charges that come with Personal Loan apart from rate of interest of Personal Loan and EMI.

 

• Processing Fee: It is a one-time payment that the bank/NBFC charges to process the loan. Pay it once to kick-start the loan sanctioning process. You can pay this amount from your pocket or have it deducted from your loan amount. The range of the fee is up to 3.99% of your loan amount.

• Late Payment Charges: if you fail to pay the personal Loan EMI before the due date, the financial organisation will charge you around 2% of the due amount plus applicable taxes.

• Foreclosure Charges/ Prepayment Charges: You will be charged, if you wish to terminate the loan tenure before the actual tenure. Along with it, Goods and Services (GST) is added on processing fees or on the services enabling loan processing and sanctioning. Foreclosure charge is 4% of outstanding loan amount plus applicable taxes

Conclusion

If you are looking for a Personal Loan in Guwahati, Bajaj Markets is the right place. The platform will also help in connecting you to the best lenders in India. You can choose a Personal Loan that suits your needs through a reliable channel.