Personal Loan in Jaipur Apply Online @10.5%

In order to get a personal loan in Jaipur, you should definitely have sufficient income and credit scoring. These are the two basic factors upon which a bank decides whether to consider the applicant’s loan request or not. The credit scoring and eligibility can now be checked online through Finance Buddha, even before applying with the bank. This way there will be less probability of getting the loan rejected. Apart from these another main factor is the accurate documentation. If you can submit all relevant documents within given deadline, then there is bare minimum chance of getting the loan rejected.

Comparing and choosing a best personal loan provider is always a task, it is essential to understand the way they work, banks interest rates, types of loans offered- secured, unsecured, fixed, variable, overdraft and line of credit, go through the bank’s application checklist and look for Star ratings. There are a lot of online applications to compare what is offered by each bank, choose the top five, bring down your list to top 3 and then narrow it down further to the bank that offers the best personal loan.

Though the eligibility criteria vary from bank to bank, this information will help you to understand the rough information of eligibility before applying for a personal loan. In most of the cases the eligibility can be a little flexible according to the income and credit score of the applicant.

1. Age of the applicant should be between 21-60 Years
2. Salaried individual with minimum income of Rs 30,000. Salary bracket would again depend on the city you live in and the company you work for. Eg. If you are in a Metro the salary requirement will be higher than non-metro and again if you are working in a top MNC the salary requirement would be lesser than one working with a startup.
3. Should be staying in the city for at least 1 Year
4. Total work experience should be at least 2 Years
5. You would require basic documentation such as your address proof, identity proof, latest bank statements etc

In case if you would like to compare the interest rates of various banks that offer personal loan in Jaipur, then this chart is the best.  This gives the direct comparison of the interest rates for personal loan with various banks of Jaipur.

Irrespective of which bank you are applying loan, these are the common types of charges and fees that every applicant will have to incur.

The faster you submit; quicker will be the processing loan the personal loan. As compared to other types of loans, documentation for personal loan is easier and simple. As long as the applicant has good credit rating and sufficient income, the personal loan request will be approved for about 95% with most of the reputed banks.

Documents required for Salaried Individuals:

1. Application form and your latest photograph (2)
2. Proof of Identity: Copy of passport/voter ID card/driving license/PAN cards
3. Proof of Address: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport
4. House ownership Proof: Property Documents/Maintenance Bill/Electricity Bil
5. Bank Statement: Last 3 months bank statement
6. Income Proof: Salary slip for last 3 months/ current dated salary certificate with the latest Form 16
7. Investment Proof (if any): Please submit if any investment like, Fixed Deposit, Shares, Fixed Assets, etc.
8. Existing EMI: If any existing loan, please submit sanction letter, Payment Track Record.

Documents required for Self-Employed Individuals:

1. Application form and your latest photograph (2)
2. Proof of Identity: Copy of passport/voter ID card/driving license/PAN card
3. Proof of Address: Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport
4. House Ownership Proof: Property Documents/Maintenance Bill/Electricity Bill
5. Office Address Proof: Maintenance Bill, Utility Bill
6. Business Existence Proof: Saral Copy for 3 yrs, Shop Establishment Act, Any Tax Registration Copy, Company Registration license
7. Income Proof: Latest 2 years Income Tax Returns including Computation of Income, Profit and Loss Account, Balance Sheet, Audit Report, etc.,
8. Bank Statement: Latest 1 year bank statement both current and savings.
9. Investment Proof (if any): please submit if any investments like, Fixed Deposit, Shares, Fixed Assets, etc.
10. Existing EMI: If any existing loan, please submit sanction letter, Payment Track Record.