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Personal Loan in Gwalior

The once princely state of Gwalior in Madhya Pradesh still holds its regal charm. This is evident from its forts, palaces and temples. This has also resonated in the way people live here and in their standard of living.

So, if they need funds to fulfill an aspiration or pay for expenses without creating a hole in their pocket, they will not be hesitant to take a personal loan in Gwalior. 

Finnable disburses quick instant loans to the residents of Gwalior at affordable personal loan interest rates. 

A personal loan is an unsecured loan. Unlike secured loans, you will not be asked to pledge any security against the loan amount. The paperwork required to get a personal loan is minimal as well. All you need is your KYC and income proof. Moreover, you can get a loan of up to Rs. 10 lakhs at personal loan interest rates starting at 16% with a tenure of up to 60 months. 

One of the advantages of taking a personal loan in Gwalior is that the entire process is online. You can get an instant personal loan by applying via Finnable’s personal loan app

personal loan eligibility

Personal Loan Eligibility

The eligibility for a personal loan includes:

  • Nationality: As an Indian citizen, you can apply for a personal loan in Gwalior.
  • Age: At the time of filling out the application for an instant personal loan online, you should be between 21 to 45 years of age.
  • Employment: A personal loan applicant must hold a steady and full-time job in a private or government company. A loan from Finnable is a personal loan for salaried and is not disbursed to self-employed individuals. 
  • Duration: This job should be held for more than 3 months.
  • Work experience: You will need to show that you have more than 6 months of total work experience.
  • Income: Rs. 20,000/- should be your minimum income as a Tier-I applicant and Rs. 15,000/-  as a Tier-II applicant.
  • Receipt: This income should be received directly into your bank account and not be in cash. 

Required Documents

These documents will need to be submitted when you apply for the loan: 

  • PAN card as proof of identity.
  • Aadhar card will be proof of residence and citizenship.
  • Salary slips for 1 month as proof of income.
  • Bank statement also for 3 months as proof of receipt of income. 
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How to apply for Personal Loan in Gwalior?

To get an instant personal loan online, you will first need the personal loan app. This is available on the Android Play Store as well as the App Store. Once the download is complete, 

  1. Create your profile. Add your personal and professional details. Do not skip on any data or leave the form incomplete.
  2. Select the type of loan you need. Enter the personal loan amount and choose the tenure or period of the loan.
  3. Upload the documents mentioned above. 

You will have to check all your data as well as documents before you hit ‘submit’. This will also be verified by Finnable. Only once the verification is done, the funds will be credited into your bank account.

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FAQs

It takes 6 hours post the completion of document verification for the personal loan to get disbursed.

Yes, you can pay more EMI than the stipulated personal loan EMI. This amount gets adjusted against you pending payments. 

6 months to 60 months is the personal loan repayment tenure offered by Finnable.

The important factors that are used to calculate the personal loan EMI are the principal loan amount, the Tenure of the personal loan, and the personal loan interest rate applicable.

Once the personal loan EMI is decided between you and the lender, you will be asked to sign an e-mandate. This e-mandate is an electronic registration that will state that the lender has been given the authorisation to debit the loan EMI from your bank account. This e-mandate is valid till the entire loan is repaid in full.