Personal Loan in Ludhiana

Personal Loan in Ludhiana

Features and Benefits of 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.

• Fast Disbursement

Once the application and required documents are submitted, you can get an instant Personal Loan in Ludhiana.

• Flexible Tenure

You have a tenure between 12 and 60 months. You can pick a tenure based on your particular repayment capacity.

• Less Documentation

The amount of paperwork that is needed to complete the loan application is very minimal.

Documents Required for Personal Loan in Ludhiana

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.

Eligibility for Personal Loan in Ludhiana

For a Personal Loan in Ludhiana, you should meet certain eligibility criteria such as the following.

1. Employment

Being a salaried individual is important if you want to be eligible for a Personal Loan in Ludhiana.

2. Citizenship

You must be a citizen of India to get an instant loan in Ludhiana.

3. Age

Your age should be between 21 and 63 to apply for a Personal Loan.

Personal Loan Interest Rates in Ludhiana

The Personal Loan interest rates in Ludhiana depend on various factors such as the following.

1. Credit Habits

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.

2. Relationship with the Lender

Maintain a good relationship with the lender to get loan at a low interest rate.

3. Salary

A stable income is preferred by banks. The higher your income, the lower your interest rate.

4. Repayment Habits

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.

How to Apply for a Personal Loan in Ludhiana?

The application process is simple and can be done in 3 steps.

Step 1:The first step is to fill in your personal and professional details like full name, contact information, date of birth, mobile number, salary details, etc.

Step 2:If you are eligible, you will find a list of offers curated for you. Choose the loan amount and tenure.

Step 3:Your application gets approved within 3 minutes after which the amount is disbursed.

In a Nutshell

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.