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Personal Loan in Agra

The city of Agra houses the famous Taj Mahal. It also houses about 23 lakh residents. Every family living in Agra, as with any other developing city, aspires to have a comfortable life and accomplish their dreams and goals. Sometimes you may be able to fulfil them on time, whereas there may come a stint when you may not have enough funds to meet your career goals or realise life-long dreams. 

Those people who are facing this situation can easily apply for a personal loan in Agra

Why should you apply for a personal loan? Well, there are multiple benefits of taking an instant loan

To start with, it’s an unsecured loan. This means that you do not need to pledge any security or asset against the personal loan.

Unlike a secured loan, you do not need to submit too many documents. Just your basic KYC will be required along with income proof.

Now, most banks and financial institutions may not let you avail an online personal loan of a big amount. This is not the case with Finnable. When you apply for a personal loan in Agra through Finnable, you can apply for a loan of up to Rs. 10 lakhs. That’s not all, you can have a long-tenure loan of 5 years.

Personal loan interest rates as set by Finnable are also affordable not just for existing customers but for first-time applicants as well. 

You can also use the personal loan EMI calculator available on Finnable’s website and personal loan app to calculate your EMI.

personal loan eligibility

Personal Loan Eligibility

If you are finally convinced to get an instant personal loan from Finnable, you will need to meet eligibility as set by them. Their eligibility for the personal loan includes:

  • Criteria 1: The nationality of the applicant has to be Indian. A foreign resident cannot apply for a personal loan.
  • Criteria 2: The second criterion is the age factor. You will need to be a minimum of 21 years of age and a maximum of 45 years of age.
  • Criteria 3: The third criterion to get an instant personal loan is employment. You will need to have a permanent position in a government company or a private organisation.
  • Criteria 4: This job should be held for more than 3 months. Not just that, you will need to have held previous employment for more than 6 months.
  • Criteria 5: Your income is an important criterion. You should be getting a minimum monthly salary of Rs. 20,000/- as a Tier-I resident. As a Tier-II resident, this monthly income should be more than Rs. 15,000/-.
  • Criteria 6: This income should be credited directly to your bank account. Cash receipt is not accepted by Finnable.

Required Documents

Once you meet all the criteria to get a personal loan in Agra, your next step is to collect the requisite documents:

  • Identity and Age Proof: Your PAN card will be the proof of identity and age.
  • Nationality proof: As proof of nationality and residency, you will need to upload your PAN card.
  • Income Proof: Salary slip for 1 month from your current employer.
  • Additional proof: Your bank statement for 3 months also can act as proof of income in case the salary slip is not available.  
Personal Loan in Calicut

How to Apply For Personal Loan in Agra?

You have now met all the eligibility for a personal loan and collected all your documents. What is the next process to get a personal loan in Agra?

Next, you need to download the personal loan app from Play Store. Once downloaded:

  • Create your profile. Fill out the form by adding personal and professional details.
  • Select the type of loan you are looking for. Be it a bike loan, an education loan or a travel loan, you can get any personal loan. Choose the amount and the personal loan tenure.
  • Upload the documents you have collected. 

That’s it. Within 6 hours your documents will be verified and if everything is in place, your loan amount will be credited to your bank account. 

FAQ

1.How much loan can I get on a 50000 salary?

You can get an instant personal loan 10 to 12 times your monthly income. So, if you earn Rs 50,000; you can apply for an instant loan of Rs 5 lakhs to Rs 6 lakhs.

2. What is the rate of interest that will be charged on my personal loan?

The personal loan interest rate starts at 16% up to 26%. You can negotiate for a lower rate if you have a high CIBIL score.

3. How much personal loan can I get for a low cibil score?

If you are applying for a personal loan for CIBIL score, you will need to show a high income or apply for a lower amount. Based on these criteria, you will be able to apply for a loan. You can apply for a loan starting at Rs. 50,000 up to Rs. 10 lakhs.

4. How long does it take to get approved for a personal loan?
Your personal loan gets approved within 6-24 hours of document verification.

5. How soon can I get my personal loan amount?
Once the documents are verified, the funds are credited into your account within 24 hours. 

6. Is there any personal loan processing fee?
A processing fee of XY% is applicable on the personal loan

7. What is the benefit of prepayment?

There are multiple pros and cons of personal loan prepayment:

  • One of the biggest benefits is that your loan is repaid in full before the end of tenure, thus reducing your overall debt liability.

  • It also helps in saving on personal loan interest that is to be paid.

  • It also has a positive impact on your credit score.


However, one of the cons is personal loan foreclosure charges that apply to the loan amount. It varies between 3% to 6.5% depending on when you foreclose the loan.

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