Personal Loans are given by most major banks and financial institutions to individuals without asking for the requirement or need in Patiala. 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 Patiala 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 Patiala, you must have a good credit history and adequate salary to get your personal loan sanctioned with a Bank or an NBFC in Patiala. 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 Patiala 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.
Patiala is situated in the north-western Indian state of Punjab and is the administrative capital of Patiala District. It houses the National Institute of Sports and is the fourth largest city in Punjab. The administration of the city is through its division into 57 wards which are administered by a corporator. Traditionally an agriculture intensive economy, the city is now home to a good number of manufacturing units producing goods like cutting tools, power cables etc. Some educational institutions and universities in Patiala include Thapar University, Punjabi University, Rajiv Gandhi National University of Law, Netaji Subhash National Institute of Sports, Government Medical College. Patiala’s vintage and location have led to the development of tourist spots like Gurdwara Dukh Niwaran Sahib, Gurdwara Moti Bagh Sahib, Bahadurgarh Fort, Maa Kali Devi Mandir, Qila Mubarak complex, Sheesh Mahal, Baradari Gardens etc.
Multiple banks and NBFCs have branches across the vast city of Patiala 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 Patiala through us. We ensure that you get the best deal for personal loan in Patiala 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 Patiala. We help process requirements in every area across the city of Patiala. You can get instant personal loan online approval in Patiala 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 Patiala 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 Patiala.
Eligibility Criteria for Personal Loan in Patiala
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 Patiala 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 Jan 2019
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