Personal Loans are given by most major banks and financial institutions to individuals without asking for the requirement or need in Aurangabad. They are unsecured loans given from Rs. 50,000 to Rs. 40,00,000 which means that you need not mortgage anything or show an asset. Some reasons for availing a Personal Loan in Aurangabad include medical needs, travel, home renovation, wedding, good purchases and so on. Other reasons for which a loan can be availed is to get a top-up loan, balance transfer or debt consolidation.
If you need a Personal Loan in Aurangabad, you must have a good credit history and adequate salary to get your personal loan sanctioned with a Bank or an NBFC in Aurangabad. Other factors like years of employment, company you work for etc will determine the most important factors like amount, tenure and rate of interest. Some of the banks in Aurangabad give you the flexibility to pre-close the loan without any additional charges. Most banks have a pre-closure charge in the 4%-5% range.
Aurangabad in the state of Maharashtra is named after the Mughal emperor Aurangzeb. It is a major tourist spot with the famous Ajanta and Ellora Caves, Bibi Ka Maqbara and other historical monuments. The city is also famous for the 52 gates built in the Mughal era which gives it a nickname as the "City of Gates”.
The culture of Aurangabad city is heavily influenced by Hyderabad. The old city still retains the cultural flavour and charm of the Nawabi culture of Hyderabad. Its influence is reflected in the language and cuisine of the locals. Although Marathi and Urdu are the principal languages of the city, they are spoken in Dakhni – Hyderabadi Urdu dialect.
Aurangabad is well connected by roads to various cities of Maharashtra and other states. National Highway 211 from Dhule to Solapur passes through the city. Aurangabad is famous for Silk and Cotton production, grown locally and developed as Himroo textile. Paithani silk saris are from Aurangabad.
Aurangabad is a financial hub with the presence of all public sector and private banks including the State Bank of India, Union Bank of India, State Bank of Hyderabad, Bank of Maharashtra, Citibank India, Deutsche Bank, ICICI Bank, Bank of India, HDFC Bank, etc. The Maharashtra Gramin Bank has its regional head office in Aurangabad city.
Multiple banks and NBFCs have branches across the vast city of Aurangabad in general. Most provide full service operations in the city with may branches catering to customers with a requirement of personal loans and business loans. Apart from this they also provide the whole bouquet of services including core banking, commercial lending, asset management, investments etc.
We do not take a fee or commission from your amount when you apply for personal loan online in Aurangabad through us. We ensure that you get the best deal for personal loan in Aurangabad by comparing your details against the eligibility criteria of various banks and NBFCs. Check out our different sections on EMI calculator, CIBIL calculator, Eligibility calculator to find out more about how will be able to get the lowest interest rates for personal loan in Aurangabad. We help process requirements in every area across the city of Aurangabad. You can get instant personal loan online approval in Aurangabad provided you meet the right criteria for a bank or NBFC. Every step will completed as per you convenience with documents collected from your doorstep. Personal loan agents in Aurangabad will help you apply with a limited set of banks and might not be able to get you’re the best deal for personal loan. So apply for personal loan online through our site and we will check your ability to get the lowest interest rate for personal loan in Aurangabad.
Eligibility Criteria for Personal Loan in Aurangabad
Age of the applicant should be between 21-60 Years
Salaried individual with minimum income of Rs 15,000. Salary bracket would 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 if you are working in a top MNC, the salary requirement would be lesser than one working with a new company.
Should be staying in the city for at least 1 Year
Total work experience should be at least 2 Years
Basic documentation such as KYC, latest bank statements etc are required
Be informed of the different ways your Personal Loan Rate of Interest in Aurangabad is calculated so that you take the right decision when it comes to choosing your loan at the lowest interest rates. Apply below to get started and to know the offers that are available on your Personal Loan in Dec 2018
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