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No Collateral Required

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Rate Of Interest starting from 10.25%.

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Minimal Documentation

How Personal Loan
In Madhya Pradesh works?

Madhya Pradesh is the hub of many industries and many people are engaged in agriculture. At times when hard times hit you then it is good to choose the Personal Loan to quench the financial thirst of the people. A personal Loan is a type of unsecured loan offered by multiple banks and NBFCs to people facing financial difficulties in their life. It can be used for multiple purposes like weddings, holidays, medical emergencies, and many more personal reasons.

The interest rate for a personal loan varies as per the eligibility criteria of a person. A person who is willing to opt for a Personal Loan in Madhya Pradesh should have a CIBIL Score of more than 700. Personal Loan borrowers should have stable income proof and must have KYC Documents.


How Personal Loan In Madhya Pradesh works?

Personal Loan Eligibility Criteria
in Madhya Pradesh

The eligibility criteria for Personal Loans for people living in Madhya Pradesh are mentioned below.

1. Income Proof: The person should have a minimum salary of more than Rs. 20000 if he or she wants to take the Personal Loan.
2. CIBIL Score: A person should have a CIBIL score of more than 700 if you want to take a personal loan.
3. Age: 21 years - 68 years
4. Employment Status: Borrowers must be employed for at least 2-5 years or you must have been running a business for 2-5 years.
5. Tenure: The time period of the loan is between 5-7 years.

Documents Required for Personal Loan Application in Madhya Pradesh

1. Identity proof;
2. Address proof
3. Bank statement for the previous 3 months
4. Passbook of previous 6 months
5. Two latest salary slips/current dated salary certificates with the latest Form 16


Personal Loan Eligibility Criteria in Madhya Pradesh

How to apply for Personal
Loan in Madhya Pradesh?

Apply for a Personal Loan Madhya Pradesh in with the following steps.

1. Visit My Mudra website at www.mymudra.com.

2. Apply for a Personal Loan by filling in the required information.

3. Our executive will call you to brief you about the process. Upload the required documents on the portal.

4. Get instant approval for the personal loan. Track your loan application and enjoy quick disbursal of a Personal Loan.


How to apply for Personal Loan in Madhya Pradesh?

Which Banks to Apply for the Personal Loan in Madhya Pradesh?

There are many Private Loan Providers in Madhya Pradesh. Opt for the bank which is providing Low-Interest Personal Loan. Mentioned below is the list of top banks and NBFCs that are providing instant Personal Loans in Madhya Pradesh

Bank

Rate of Interest

HDFC Bank

10.25%

IndusInd bank

10.25%

Standard Chartered

10.75%

Axis Bank

10.99%

Kotak Mahindra

10.75%

 

Personal Loan EMI Calculator

Loan Amount

Tenure

MO

Interest Rate in %

%

Your Monthly loan emi Rs.23,537

Monthly amount paid to your loan provider

Interest rate in %

Total Payble Amount

Rs.5,64,882

your loan details as specified by you

Loan Amount
Rs.5,00,000
Tenure
24
M
Interest Rate
12
%

Frequently Asked Questions