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Personal Loan in Faridabad

As one of the most populated cities of Haryana, Faridabad is a major industrial hub in the state. It is also one of the fastest developing cities in the NCR region. While the city is growing, the ambitions and aspirations of its residents are also on the rise. 

However, it is not an isolated event to find yourself short on funds. Now, what would you do if you need funds to cater to an emergency or fulfill a dream? You can simply apply for a personal loan in Faridabad

What are personal loans and how can you apply for one through Finnable? A personal loan in Faridabad is an unsecured loan. This loan can be taken without pledging any security or asset. 

You can apply for an instant personal loan online through a loan app and it is 100% secure. You will not be asked to submit countless documents to take a loan. 

This online personal loan comes at affordable personal loan interest rates that start at 16%. Finnable’s loans start at Rs. 50,000. The maximum amount you can apply for is Rs. 10 lakhs. Your personal loan tenure can be from 6 months up to 60 months.

Personal Loan Eligibility

The eligibility for the personal loan includes:

  • Nationality: As an Indian national, you can get an instant loan from Finnable.
  • Age: You need to be between 21-45 years of age.
  • Employment: You will have to show that you hold a job in a private or government company. This cannot be a part-time job.
  • Income: Your monthly income, as a Tier-I applicant, should be more than Rs. 20,000/-. Rs. 15,000/- should be your monthly income as a Tier-II applicant.
  • Employment tenure: Your current job should be held for more than 3 months
  • Work experience: You should be able to show that you have more than 6 months of total work experience.
  • Income receipt: The salary you receive from your current job should be directly credited into your bank account.

Required Documents

The following documents will be needed when you are taking a personal loan:

  • Identity and age proof: Your PAN card needs to be submitted.
  • Nationality and residence proof: Your Aadhar card needs to be submitted. 
  • Income proof: Your salary slip for 1 month will act as proof of income.
  • Job continuity and income receipt: Bank statement for 3 months is also required.
Personal Loan For 20000 Salary

How to get Personal Loan in Faridabad?

If you meet all the eligibility criteria and have collected the documents, you can apply for a loan via the personal loan app.  

  • The app is available on Play Store. You can download it for free.
  • Once downloaded, create your profile by updating your personal details. 
  • Select the type of loan you need, and choose the amount and the tenure.
  • Upload the required documents. 

The documents need to be verified by Finnable and if everything is in order, the funds will be credited into your account.

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FAQs

To get a loan with a low CIBIL score, ensure you meet all the eligibility for personal loans as set by Finnable. Also, if you have a high income, it becomes easier to get a loan with a low CIBIL score, as it shows that you will be able to repay your loan in full and on time.

Before the loan is sanctioned, you will fill out an e-mandate registration form that will allow Finnable to directly debit the EMI amount from your account. The repayment of the loan amount through this auto-debit process will continue till the loan is repaid in full.

Using a personal loan EMI calculator can help in knowing your loan EMI amount. An online calculator is available on Finnable’s site as well as the app. You will need to know your loan amount, the tenure, and the interest that may be applicable.

Personal loan benefits include: 

  • Easy to apply
  • Quick disbursement
  • No collateral
  • Minimal paperwork
  • Online process
  • 100% safe and secure.

Personal loan EMI is the amount that you will repay the lender every month till the completion of the loan tenure. Your loan EMI includes your principal amount and the rate of interest that is applicable.

Finnable provides personal loans to all the major cities in India.