Personal Loan in Eluru

  • Loan ID : N0172
  • 44
  • 0

Different Banks offering different interest Rate

Banks

Rate of Intrest

Processing Fee

Loan Amount

Prepayment Charges

Disbursal Time

Part Payment Option

Kotak Bank

10.50% - 16.99%

0.99% - 2.5%

Rs.(100,000 - 20,00,0000

1 Zero (if loan Amount is more than 10 lakhs)

2 Else 5%

3 - 4 working days

YES

Citi - Bank

11.49% to 16.50%

Upto 2.0% + 0.5% (waiver on PF)

Special surprise gift from Citi

Bank

 

Rs.1,00,000 - Rs.30,00000

Upto 3%

48 hours

Yes

 

ICICI Bank

11% - 17.50%

1 Rs.999 for Special offers

2 otherwise 1% - 2.5%

Rs.(50,000 - .20,00,000)

1 Nil (For Loan amount >10 lacs & 12

2 EMI paid), else 5%

3 - 4 working days

No

Bajaj Finance

11.99% - 16%

Upto 2%

Upto Rs.25 Lacs

Upto 4% post 1st EMI clearance

Approval In 48 Hours

Yes

Standard Chartered

11.50% - 18%

0 - 1%

Rs.(1,00,000 - .30,00,000)

Upto 5%

3-4 Working days

Yes

Fullerton India

11.99% - 26%

2%

Rs.(50,000 - .15,00,000)

Upto 7.00%, 0% after 3 years

2-8 days

No

IndusInd Bank

(12.99 – 20)%

(0.5 -20%

Rs.(1,00,000 - 25,00,000)

4%

4 working days

No

HDB Financial Services

(16 - 21)%

up to 2%

Rs.(100,000 to .15,00,000)

1 Nil for Selected Corporates Employees (CAT A & B). 
2 4% For Rest

2 days - 7 days

No

Tata Capital

(11.99 – 17)%

Rs.(999-2.50) %

Rs.(75,000 - 15 Lacs)

Part Prepayment Charges: Nil (Allowed Post 6 months, Once a year, 25% of Principal Outstanding)

Loan disbursement in 3-4 days

 

Yes

Hdfc Bank

10.99% - 20.99%

Rs.1999 - 2.5%

Min. 50,000 Max. as per eligibility

Nil (For Loan amount>10 lakhs and 12 EMI paid), else 4%

3 - 4 Days

No

 

Eluru is one of the states of Andhra Pradesh. It is well – frames state which offers multiple opportunities for the loan facility.

Loan Apply Eligibility Criteria :

While seeking a loan, the banks verify and take into notice a more significant number of factors that can include income, employment, continuity of business. Banks check the credibility and authenticity of the lender. It is essential to verify whether the borrower can repay the loan or not.

Self Employed

Salaried

Metro City: Minimum Salary required is RS15,oo0

Metro city: Minimum Itr is Rs150000

Other Cities: Minimum Salary - Rs. 12500/- p.m

Other Cities: Minimum ITR- Rs. 150000/-

 

Documentation:

  • It is Quick to do the process. To process the loan application, a bank would require a set of documents which are as follows:
  • Proof of Identity
  • Bank Statement of the last 3 to 6 months
  • Proof of Residence
  • Salary slip
  • Guarantor and some set of documents
  • In case of Self Employed: A collection of records will be required that will include a balance sheet, profit and loss account, partnership deed and other for of mandatory documents.

 

Tenure for a Personal Loan :

A personal Loan can be repaid within tenure 12 to 60 months.

Time taken for Approval of a Loan:

The total time taken for the approval will be 72 hours after the entire process of is over.

Benefits of Acquiring a Personal Loan :

  • No security: A personal loan is regarded as an unsecured form of a loan. This implies that the borrower needs to keep any collateral or any asset as security.
  • Quick and Easy Processing: There is less documentation required, and the overall process involves faster processing.
  • Multiple Purposes:  As the name only suggests, a personal loan is something that can be acquired for any purpose.

 

Hence, you can apply for a Personal loan without any hurdle and fulfil all your dreams!

 

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