No matter how well you manage your money, there will come a time when you will be in need of funds. All of us face a certain time in life when we are in need of funds and this is when we think of a personal loan. The loan can help serve your needs and eliminates the need to borrow from friends and family. You can use the funds in case of a medical emergency, to plan a wedding or to renovate the house. The biggest advantage of applying for an instant personal loan in Delhi is that you do not need to specify the purpose of borrowing. You can simply proceed with the loan application.
Here is the Eligibility Criteria for Personal Loan
For salaried individuals:
- Aged between 21 and 58 years,
- Employed for a minimum period of 6 months,
- Minimum monthly income of Rs. 15,000
For self-employed professionals:
- Aged between 21 and 58 years,
- The business should be in existence for at least 2 years,
- Minimum monthly income of Rs. 15,000.
In order to apply for the loan, you need to submit the below-mentioned documents:
- Identity proof,
- Address proof,
- Bank statements,
- PAN Card,
- Passport-sized photograph
It is highly recommended to use the EMI calculator before you apply for the loan. You need to repay the loan in EMIs over the tenure and the EMI amount will have an interest component in it. Hence, the amount will depend on the rate of interest applicable on the loan. When you use the calculator, you can get a clear insight of the monthly outflows and can plan your budget accordingly. The calculator is available online for free. Provide the loan amount and tenure to get the estimate. If you try to calculate the amount manually, there could be some errors and you might not get the right estimate.
Loan Application Procedure
In order to apply for the loan, you simply need to fill the online application form and upload scanned copies of the documents mentioned here. Once it is done, the lender will verify the documents and approve the loan without any delay. This means you will have the funds in your account in no time. There is no tedious procedure you need to go through. The loan will be approved and the amount will be disbursed for your use.
The biggest advantage of an instant personal loan in Delhi is that there are no restrictions on the end-use. You are free to use the funds wherever you want to. The loan has a high amount and comes with low-interest rate, making it an ideal choice for you. If you are in need of funds and worried about how you will manage to handle the expense, simply apply for the loan and relax. You will have the funds right when you need them. It also helps to prepare a repayment schedule when you apply for the loan. Based on the EMI estimate, you can have a repayment schedule to ensure that the dues are paid in time. This will show how committed you are towards repaying the dues and will also help you plan the budget for the coming months. If you think that the EMI amount is very high and you might not be able to handle it, simply contact the lender and ask for a longer tenure. This will reduce the EMI amount and make it easier for you to make the repayment. The customer executives will be happy to help you throughout the loan procedure and will guide you at all stages.