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What is the Minimum Salary Required to Get a Personal Loan?

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What is the Minimum Salary Required to Get a Personal Loan?

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  1. PERSONAL LOAN EMAIL ID:Info@Afinoz.com

  2. How to get personal loan • Are you tired of visiting banks and other financial institutions to get the best personal loan? You will be happy to know that Afinoz has all leading banks, NBFCs and other financial institutions in India on its platform. Visiting Afinoz is like visiting 100 lenders together to search, compare and apply for the best personal loan at favorable terms with no hassle whatsoever. You can use personal loan eligibility calculator to know how much loan amount you are eligible for. You can even calculate your EMI using online calculator.

  3. About Personal Loan • A personal loan is a good way to address short term loan requirements. Whether you want to match a medical emergency, wedding expenses, travel expenses or home makeover, you can get an instant cash loan for any sort of need. Besides being cost-effective, they give an additional advantage as to secure them, you don't need to pledge any kind of your valuables. This is the reason that most of the borrowers admit personal loans as the best way to get an instant loan in India.

  4. Features and benefits • With personal loans, you can take advantage of Flexible EMI plans, higher loan amount and flexible tenure options. However, the quantum of personal loans to the customer depends on a number of factors such as borrower’s credit history, existing loans, company with which you are currently employed & the number of years of relationship with the bank etc.

  5. Eligibility & Documents Required • Any individual who is an Indian citizen or national and has residual income qualifies for the personal loan. By design Personal Loans are unsecured loans and therefore an applicant does not have to worry about furnishing paperwork related to collateral. For getting a personal loan, you need to fulfill certain parameters as a part of the eligibility criteria.

  6. Credit Rating or score • The Credit score is an important factor for approval of your loan. Usually, an applicant’s creditworthiness is determined by evaluating his credit score i.e. CIBIL/EXPERIAN score. Loan applications of applicants having poor credit score may get rejected

  7. Document Required • The personal loan entails the simplest form of documents which can be divided broadly into two categories:- • Documents for Salaried Individuals * • Documents for Self-Employed Individuals * • Documents for salaried individuals • Self-employed Individuals • Documents for salaried individuals • Identity proof:- Any one of Aadhaar Card / Voters ID / Passport / Driving License / PAN Card. • Residential proof:- Any one of Leave and License Agreement / Utility Bill (maximum three months old) / Passport. • Salary Slips:- Salary slips for last three months along with bank statement showing salary is being credited. • Employment certificates:-2-year Employment continuity document. • Photographs:- Two passport size photographs.

  8. Interest Rate & Charges • The very first question that comes to our mind when we are looking for a personal loan is how much interest rate one would need to pay. Historically banks and other financial institutions have charged much higher interest rates in this category.

  9. THANK YOU https://www.afinoz.com/personal-loan-india

  10. Features and benefits With personal loans, you can take advantage of Flexible EMI plans, higher loan amount and flexible tenure options. However, the quantum of personal loans to the customer depends on a number of factors such as borrower’s credit history, existing loans, company with which you are currently employed & the number of years of relationship with the bank etc.

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