effective approach towards personal financing and role of financial agencies

In this world of modernization, needs are rising day-by-day so the expenses are also rising at fast rate. Hence it’s become very difficult for the common man to cope up with this unstable climate. In such situation taking loan to fulfill daily and financial needs is one of the best options. And among all the loans, personal loan is the best loan option to handle all expenses easily and smartest way to get rid from financial worries.
Personal loan is an unsecured debt which one can easily avail without pledging any valuable property to the lender. It is a multipurpose loan that can be utilized for fulfilling many purposes and also known as the one for all loans.
One can avail the loan for debt consolidation, paying medical bills, taxes, wedding expenses and many more. Personal finance is an instant finance which a person can avail within 48-72 hours with minimal documentation as well as processing fee.

Eligibility for Personal Loan in Chandigarh

Do you live in Chandigarh? Looking for a personal loan in Chandigarh to turn your dreams into reality?

So, you need not to worry as there are host of banks and Non Banking Financial Institutions present in one of the fastest developing city and union territory in India. If you need a Personal Loan in Chandigarh, you first have to satisfy the eligibility criteria of banks and NBFCs. This criterion varies from lender to lender. But, some of the common thing which is consider by most of the lenders are given below-

• The applicant must be of Indian citizen.
• The applicant’s minimum age for applying the personal loan is 21 years but not more than 65 years.
• Salaried, self-employed, and business professionals with regular source of income are eligible for applying the loan.
• For salaried individual the minimum salary is typically Rs.15, 000.
• Applicant must have a total work experience of at least 2 years.
• Applicant should have a stable employment and good credit history.

Required documents

• FIRST and foremost, duly filled signed application form along with the photographs.
• Residential proof of the applicant such as registered rental agreement, valid passport, utility bills like electricity bill, telephone bill etc. up to 3 months old, ration card.
• Applicant’s identity proof such as Aadhaar card, driving license, voter ID, PAN card, and passport.
• For salaried individual last 3 months salary slip, form 16 or IT return is required as income proof.
• For self- employed, last 3 month ITR with computation of income or last 3 years CA certified balance sheet is required.

To know more in details, visit https://www.applykaroo.com/personal-loan-in-chandigarh.php.