Personal Loan in Ludhiana is funded through P2P lending by Cashkumar lenders across India. They are unsecured loans given from Rs. 20,000 to Rs. 1,50,000 which means that you need not mortgage anything or show an asset. Some reasons for availing a Personal Loan in Ludhiana 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 Ludhiana, you must have a good credit history and adequate salary to get your personal loan sanctioned with Cashkumar in Ludhiana. Other factors like years of employment, company you work for etc will determine the most important factors like amount, tenure and rate of interest. Cashkumar in Ludhiana 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.
Ludhiana is the largest city in the northern Indian state of Punjab which is onenof the richest cities in the country. The city is knowns as a textile manufacturig hub I the north with a lot of small, medium and large scale manufacturing units. The city is also famous for its industrial units which produce and supply for most of the bicycle sector and auto parts. The city lies nearly in the middle of the state and provides a lot of employment to people from Punjab as well as across the country. There are also substantial agricultural lands around the city which require great manpower supplied by other parts of India. The city has been on a constant upward trajectory due to the presence of industry and is rumored to have the largest number of imported luxury cars in the country. The cetral city is heavily crowded with markets and small trading units dotting the area. On the education front, Ludhiana is home to the largest argicultural university in Asia called the Punjab Agricultural University. Apart from this some old and modern colleges include Christian Medical College, Guru Nanak dev Engineering College, University Business School, Sri Aurobindo College of Commerce and Management among others. There are a few places that attract a visitor which include Phillaur Fort, Gurudwara Nanaksar Jagroan, Maharaja Ranjit Singh war museum, Nehru Rose garden among others.
Best personal loans in Ludhiana are provided by most banks and financial institutions through our platform. You can apply online for any personal loan or business loan in Ludhiana and get lowest interest rate. These are unsecured loans and you will not need to provide a guarantor, security or collateral to apply. Your application is processed and approved based on eligibility factors like CIBIL Score, salary, employer, current debts among others. You can get low personal loan interest rate based on these factors as also the criteria of the banks or NBFCs. We help you get the best personal loan or business loan by helping reach out to most banks and NBFCs at the same time with your application.
Personal and business loans in Ludhiana are advanced for amounts ranging from Rs. 50,000 to Rs. 45,00,000 and the funds can be used for a variety of reasons ranging from travel, wedding/marriage, medical, home renovation to balance transfer and debt consolidation. As a loan seeker you should consider factors such as tenure, pre-payment, amount apart from low rate of interest before you avail an offer. As a professional doctor, CA, CS, Architect with private practice, you can avail higher amounts and better interest rates from banks and NBFCs. Women entrepreneurs are also encouraged with special offers on business loans by them.
If you are looking for best deals in Ludhiana at the lowest rate of interest then apply for personal loan online by filling the form or call us now. You can get instant personal loan approval online by evaluating your eligibility and the criteria set by banks. Personal loan agents in Ludhiana work with a limited set of financial institutions and might not be able to get you the best rate as compared to us. All information related to personal loan and business loan eligibility in Ludhiana as well as credit scores are available to you on this site. You can also check our eligibility calculator, EMI calculator and CIBIL Score estimator.
We facilitate you in getting loans through other methods from individuals through the P2P or peer to peer mechanism. You can apply for personal loan online in Ludhiana and we will help you connect to individual lenders and private financers who will advance credit at a specific interest rate. They will look at traditional eligibility criteria and might also lend if you have a bad credit score or a bad CIBIL Score.
Eligibility Criteria for Personal Loan in Ludhiana
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 Ludhiana 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 Mar 2019
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