We, at Retail Loans, offer a wide range of options when it comes to Personal Loan in Chandigarh.
Taking a Personal Loan is an extremely important decision for an individual. We understand the significance and thereby support you to get the best services and save your loan cost.
For providing best options for Personal Loan in Chandigarh we have partnered with quite a few banks and financial institution that will support you to get Personal Loan in Chandigarh at the best possible rates, enhanced services and timely responses.
Personal loans help the households meet any shortfall they experience in buying a house or a car, in children's higher education, or even in cases of medical contingencies, among other things.
Here's a low down on personal loans to understand them better.
Personal loan is an all-purpose loan to meet every individual’s needs, which is given in most cases without any kind of security. It can be handy when one require the same urgently.
No! A personal loan does not require collateral. Your proof of income will be all that you need along with other mandatory documents for availing the loan.
Self-employed, professionals and small business owners with satisfactory track record of at least 3 years can apply.Salaried who are employed for over 2 year in a confirmed employment contract are also eligible.
For a salaried person the salary should be more then 25000 Rs and for self-employed the average monthly turnover of last 2 Years to be more then 50000
Minimum age 21 years
Maximum age 58 years (At maturity of loan, the borrower’s age should be not more than 60years or normal retirement age, whichever is earlier for salaried employee)
For salaried person the maximum loan amount that can be provided is 10- 12times the net monthly income.
For self-employed the maximum loan amount that can be provided will be 8%-10% of the average monthly turnover of the last 2 years .
It also depends on the current obligations & Running loan.
Personal loan rate of interest starts @ 11%. But it varies depending upon the income factor, employment , CIBIL & over all financial health
It depends on eligibility factor. It can ranges from Rs 1 Lac to Rs 20 Lac. Please refer our eligibility calculator for more knowledge.