Ludhiana is an industrial city in the northern part of India. Several individuals and families move to Ludhiana as it has a large number of businesses. While residing in Ludhiana, Personal Loans can be of great help to fund financial expenses. Let us have a look at how you can get the best Personal Loan in Ludhiana.
There are several features and benefits when it comes to a Personal Loan in Ludhiana. Let us have a look at each of them in detail.
Once the application and required documents are submitted, you can get an instant Personal Loan in Ludhiana.
You have a tenure between 12 and 60 months. You can pick a tenure based on your particular repayment capacity.
The amount of paperwork that is needed to complete the loan application is very minimal.
To complete the Personal Loan application process, the following documents will be required.
Residence Proof such as Aadhar Card, Driving License, Utility Bills, 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.
For a Personal Loan in Ludhiana, you should meet certain eligibility criteria such as the following.
Being a salaried individual is important if you want to be eligible for a Personal Loan in Ludhiana.
You must be a citizen of India to get an instant loan in Ludhiana.
Your age should be between 21 and 63 to apply for a Personal Loan.
The Personal Loan interest rates in Ludhiana depend on various factors such as the following.
Having a good credit score reflects good credit habits such as timely repayment of dues. Hence, a good credit score can fetch you a lower interest rate.
Maintain a good relationship with the lender to get loan at a low interest rate.
A stable income is preferred by banks. The higher your income, the lower your interest rate.
How you repay your credit bills will affect the interest rate you avail on your Personal Loan. Having good repayment habits such as timely payment of bills increases your chances of getting a lower interest rate.
The application process is simple and can be done in 3 steps.
Availing a Personal Loan has been made simple by the Finserv MARKETS platform. You can also have added benefits like zero hidden charges and minimal paperwork.