Personal Loans are given by most major banks and financial institutions to individuals without asking for the requirement or need in Srinagar. 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 Srinagar 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 Srinagar, you must have a good credit history and adequate salary to get your personal loan sanctioned with a Bank or an NBFC in Srinagar. 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 Srinagar 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.
Srinagar situated in the northern Indian summer capital of Jammu and Kashmir lies on the banks of the Jhelum River and is the base for people visiting this heaven on earth. It is also popularly known as ‘Venice of the east’ for its numerous lakes and houseboats. The city is famous for its gardens, waterfronts, Shikaras, lakes etc making it one of the most famous tourist destinations in the world. The city has a history going back to India’s ancient civilizations as well as its large empires. The city is administratively divided into 74 wards each for civic maintenance. The main source of economy for the city is tourism which fuels the hospitality, handicraft and retail sectors. There are a lot of other developmental activities being undertaken in the region to promote other industries.The city is home to educational institutions like Government Medical College, University of Kashmir, Sher-e-Kashmir University of Agricultural Sciences and Technology, Sri Pratap College, Islamia College of Science and Commerce, Srinagar, Amar Singh College etc. The city is one of the most gorgeous tourist locations in the world providing a gateway to the verdant valleys and snow-capped peaks of the Himalayas. Tourists can enjoy local sights like the Dal Lake, Nigeen Lake, Mughal Gardens, Betab Valley, Nishat Garden, Pari Mahal, Chashme Shahi Gardens, Shakaracharya Temple among others attractions.
Multiple banks and NBFCs have branches across the vast city of Srinagar 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 Srinagar through us. We ensure that you get the best deal for personal loan in Srinagar 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 Srinagar. We help process requirements in every area across the city of Srinagar. You can get instant personal loan online approval in Srinagar 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 Srinagar 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 Srinagar.
Eligibility Criteria for Personal Loan in Srinagar
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 Srinagar 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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