691 people have applied in the last 24 hours

Personal Loan in Jalandhar

Jalandhar is known for its sports industry. It is also said that the goods manufactured here have been used in Asian Games, Commonwealth Games, Olympics, etc. As a sportsman in Jalandhar, if you need to buy equipment and find yourself short on funds, what would you do?

You can just apply for a personal loan in Jalandhar. 

If you are a first-time applicant, let’s clarify some basic concepts about taking a personal loan in Jalandhar

  • It is an unsecured loan and you do not need to pledge any security against the personal loan
  • You can apply for a loan online. All you need is the personal loan app
  • The entire process is 100% digital and safe.
  • The documentation required to get an instant loan is minimal. 
  • The disbursal is almost instantaneous. 
  • You can choose to have a short tenure starting at 6 months or a long-term loan of up to 5 years.

The personal loan interest rate is also affordable. Finnable disburses personal loans in Jalandhar starting at 16%.

Personal Loan For Salaried

Personal Loan Eligibility

The eligibility for a personal loan is as follows: 

  • Nationality: Being an Indian citizen is an important criterion.
  • Age: You should be between the age bracket of 21 years to 45 years of age.
  • Employment: Holding a full-time job is mandatory. This job should be either in a government company or a private organisation. 
  • Tenure: 3 months is the minimum duration of your current job, whereas you also need to have a minimum of 6 months of work experience
  • Income: Your monthly in-hand income should be more than Rs. 20,000/- as a Tier-I applicant. This amount changes to Rs. 15,000/- for Tier-II applicants.
  • Receipt: The income should be credited directly into your bank account. And payment received via cheque will not be considered.

Required Documents

The documents you need to submit will include:

  • PAN card: As proof of identity and age
  • Aadhar card: As proof of residence and nationality
  • Salary slip: One month’s salary slip as proof of income
  • Bank statement: As an alternative, you can also submit a 3-months’ bank statement
Personal Loan in Calicut

How to get a Personal Loan in Jalandhar?

To get a personal loan in Jalandhar, you will first need to get the personal loan app. This app is available on Play Store or App Store. 

  • Start with creating your profile. Your profile will include your personal and professional details. Name, age, gender, nationality, residence address, name of the company, etc. will form a part of the profile.
  • Choose the type of loan you need. This can be a student loan, a vehicle loan, marriage loan, home renovation loan, etc.  Enter the amount you need and the tenure of the personal loan. 
  • Upload the documents. These will be verified by your lender, in this case, Finnable.
  • Once this process is completed, the funds will be directly credited to your bank account.

Upgrade your life!

Apply for a loan at Finnable and live limitlessly


When you avail of an instant personal loan, you will know how much EMI you will be paying every month. Instead of issuing post-dated cheques, you will also register an e-mandate. This e-mandate will state that the EMI will be deducted directly from your bank account by the lender.

A top-up loan is not a new personal loan. It is additional financing that your lender will allocate to you. So, instead of choosing a new loan, you will need to select a top-up loan on the personal loan app. After you click submit, this request will be sent to the lender who will approve the top-up loan.

An advance is a short-term credit facility that you can avail yourself of from a bank, financial institution, or even your employer.
A loan, on the other hand, is a contract that is signed between a lender and a borrower. 

The difference between an advance and a loan is that when you avail of a loan, the lender will charge you a certain percentage as interest and the repayment tenure can extend for a long time.

Yes, Finnable offers bike loans as well as 4 wheeler vehicle loans.

A credit card loan is a loan that you take against your credit card. You can only take the amount that has been set by the lender. You cannot exceed the balance limit.

A personal loan is an unsecured loan. The difference between a personal loan and a credit card loan is that you can take a personal loan of up to Rs. 10 lakhs.

Personal finance basically means optimally managing your finances. The importance of personal finance lies in the fact that it provides you with financial security, helps you create a financial nest, controls your money, achieves your goals, and helps in retirement planning.

Your loan EMI is calculated using 3 factors: the principal amount, the rate of interest, and the tenure of the loan. 

Based on this, the EMI is calculated with the following formula:

EMI= Px Rx [(1+R)^N]/ [(1+R)^N-1]

You can also use a personal loan EMI calculator instead to know your EMI instantly.