Personal Loans are given by most major banks and financial institutions to individuals without asking for the requirement or need in Jalandhar. 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 Jalandhar 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 Jalandhar, you must have a good credit history and adequate salary to get your personal loan sanctioned with a Bank or an NBFC in Jalandhar. 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 Jalandhar 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.
Jalandhar or Jullundur is situated in the North-western Indian state of Punjab and is said to be one of the oldest cities in the country. Jalandhar is the administrative headquarters of Jalandhar district. The city has a rich history in lore as according to Ramayana the city was the capital of King Lava son of Lord Rama and apparently named after a Demon "Jalandar".
Administratively the city is divided into 63 wards represented by the elected members or counsellors. The main economic base of the city is agriculture and the largest grown crop is wheat. Other important crops are rice, cotton, sugarcane, pearl millet, maize, barley and fruits. Jalandhar is home to many government and private educational institutions and universities like National Institute of Technology, Jalandhar, DAV University, Lovely Professional University, Sant Baba Bhag Singh University, Khalsa College etc. Jalandhar known for tourist attractions like Devi Talab Mandir, Imam Nasir Mausoleum and Jamma Masjid, Shiv Mandir, Shiv Bari Mandir, Gurudwara Kakipind Rama Mandir among others.
Apply for personal loan online in Jalandhar through us and get access to various deals and offers from different banks and NBFCs when they are available. If you want to know how to get a personal loan in Jalandhar then call us on our number or fill in your details on our simple form. We will log your request and compare you details against the eligibility criteria of different banks and NBFCs to get you the best deal for personal loan in Jalandhar. You can also get Instant personal loan online approval in Jalandhar if your details match the ideal specifications of a bank/NBFC. With more and more personal loan agents in Jalandhar, it can be rather confusing to find out which deal matches your exact requirement. We help you do this through our interactive service which helps you compare and get the lowest interest rates for personal loan in Jalandhar. The entire service is delivered at your comfort with documents collected from your home, office or suitable location. Gain more information on our site of topics like EMI, eligibility, interest rates, credit score and other areas. Check your eligibility through our various calculators and get the best deal for personal loan in Jalandhar. We do not charge you for our services and you will be advised every step of the way from application to disbursal for free.
If you are looking to find out which bank is best for personal loan in Jalandhar then click on the apply online link and feed in your eligibility. Based on the factors we will present the banks which provide the best deal for your requirement. There are no set criteria for which bank is best for personal loan in Jalandhar as the basis of getting a low interest rate depends entirely on your eligibility. The banks will look at your CIBIL Score, employment, salary and other factors before advancing you a loan. In cases where you do not have a credit score and need a personal loan in Jalandhar without CIBIL check, you can approach private and individual lenders through this platform. We provide a platform that aggregated various types and categories of lenders to suit each requirement.
Eligibility Criteria for Personal Loan in Jalandhar
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 Jalandhar 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 Feb 2019
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