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How Personal Loan In Punjab Works?
Punjab is one of the culturally and agriculturally rich states. People in Punjab have been involved in multiple activities in life. But when life does not go as planned it is appropriate to opt for the financial aid like Personal Loan. 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 various 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 Punjab should have a CIBIL Score of more than 700. Personal Loan borrowers should have stable income proof and must have KYC Documents.
Documents required for a Personal Loan In Punjab
Lenders require the following documents from their Personal Loan In Punjab applicants as a proof to establish their identity, place of residence, income and repayment capacity.
- ID Proof (Aadhar card/PAN card/Passport/Voter ID)
- Address Proof (Electricity bill/Telephone bill/Gas bill/Aadhar card/PAN card/Passport/Voter ID)
- Bank account statement for last 3 months
- Latest salary slips
- Employment proofs
- Latest ITR or Form 16
Which banks to prefer for this loan
Bank | Rate Of Interest |
---|---|
10.65% | |
10.49% | |
10.95% | |
10.75% |
An Equated Monthly Instalment (EMI) calculator is a digital metre which shows the calculation of your monthly EMIs, a simple online tool that makes EMI calculation very easy and fast.
To get the results from the Personal Loan In Punjab EMI calculator, you just have to provide three basic information related to the loan that has to be availed: loan amount, repayment tenure (in years), and rate of interest. After providing the details press Enter button and you will know your EMI calculation instantly.
This EMI calculation process will help you plan your budget so that before the due date you can pay your EMIs on time.