The royal city of Lucknow is the largest in the state of Uttar Pradesh. A city known for its manners and hospitality, there is so much more to Lucknow than meets the eye. It is also a city that is now evolving to be a hub for design, culture, tourism, governance, administration, etc.
The city of Lucknow is also a booming hub for financial institutions and banks. This aspect makes it easier for its residents to avail of a personal loan in Lucknow.
If you are facing a financial crunch and need to avail funds, you can apply for an instant loan through Finnable.
You can apply for a loan of up to Rs. 10 lakhs. It can be a marriage loan, a home renovation loan, an education loan, etc.
Since it is an unsecured loan, you do not need to pledge any security against the availed amount.
A personal loan in Lucknow can only be availed by the salaried. This loan for the salaried comes with affordable interest rates starting at 16%.
The eligibility for a personal loan includes:
To apply for a personal loan, you do not need to visit any branch or office. You can apply through Finnable’s online loan app. To apply, you need to follow these steps:
1.What is the loan application process?
The entire process to avail a loan in Chennai can be carried out through Finnable’s personal loan App. Follow the 3-step process to avail of an instant personal loan online:
Step1: Download the personal loan app and create your profile. The profile should include your personal as well as professional details.
Step 2: Choose the types of loan you are looking for, enter the loan amount, and select your tenure and terms.
Step3: Upload your PAN card, Aadhar card, and salary slip.
The turnaround time for the funds to be credited into your account is within 6 hours of document verification.
2. How to pay Loan EMI?
Personal loans are repaid through EMIs. To make things easier and simpler, borrowers can repay the loan EMI automatically by filling up the e-mandate for the number of months he has availed the loan for.
3. How to calculate Personal Loan EMI?Personal loan EMI is calculated using 3 important factors: the amount of the loan, the tenure of the loan, and the interest rate on the loan. Once you know the personal loan amount, you can choose your loan tenure. For instance, Finnable’s loan tenure starts from 6 months to 60 months and the personal loan interest rate starts at 16% up to 26%. Though the lender decides on the final rate of interest, applicants can get a ballpark idea about the EMI by adjusting the same on the personal loan EMI calculator. It is best to use the personal loan EMI calculator before availing of the loan, as it gives the applicant an idea about the repayment amount. This would in turn help them to budget the additional outflow of expenses. They also have the option to either increase or decrease the personal loan tenure so that the EMI does not create a dent in their monthly budget.
1.How to calculate EMI for an instant personal loan?Your loan EMI can be calculated using the following formula:
EMI = PxRx[(1+R)^N]/ [(1+R)^N-1]
The loan amount is P
The personal loan interest rate is R
And the loan tenure is N
You can also use the personal loan EMI Calculator to get the EMI on your loan.
2. What are the benefits of a personal loan?
The benefits of getting a personal loan in Lucknow include:
100% digital process
No collateral or asset is to be pledged.
3. What are the types of unsecured loans?
Unsecured loans are defined as loans that do not require any asset to be pledged against the loan amount. The various types of unsecured loans include:
Home renovation loan
Medical loan etc.
4. What is the highest personal loan amount I can apply for?
You can get an instant personal loan of up to Rs 10 lakhs from Finnable.
5. Can I pay more than the EMI amount?
Yes, you can pay more than the loan EMI amount. If you made any extra payment, it gets adjusted against the EMI. You can also opt for a Flexi-repayment plan that allows you to increase your loan EMI amount in case you receive a windfall.
6. Is prepayment allowed for an instant personal loan in Lucknow?
You can consider doing a prepayment or pre-closure of your instant loan. However, depending on when you wish to do so, certain pre-payment charges may apply to the remaining principal amount.
Apply for a loan at Finnable and live limitlessly
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Finnable is one of the fastest growing financial technology (Fintech) start-up with an NBFC license from RBI providing hassle free loans. Our mission is to make Personal loans available in less than 24 hours
Example of Personal Loan for Salaried Professionals✓ Loan Amount from ₹50,000 to ₹10,00,000✓ Repayment period (loan tenor) options vary from 6 to 60 months ✓ Annual Interest Rate (APR) is 16% to 26% (on a reducing balance basis) + processing fees of 3 to 4% on the principal loan amount ✓ For Example – a loan of ₹1,00,000 with an APR of 16% (on a reducing balance basis), repayment tenure of 12 months, processing fee of 3%. The processing fee will be ₹3,000 + ₹540 GST with monthly EMI will be ₹9,394. The total loan amount will be ₹1,03,540. Total interest payable over 12 months will be ₹9,191. Total loan repayment amount is ₹103540 + ₹9191 = ₹1,12,731 *These numbers are for representation only and the final interest rate or processing fee may vary from one borrower to another depending on his/her credit assessment.✓ Loan Prepayment Charges: 3 to 6% charge + 18% GST on the remaining principal amount (allowed after 6 EMI payments)Why is Finnable the best personal loan app?Instant Loans within 48 hours: Gone are the days when you had to wait weeks & months to get a loan approved.Completely Digital/Paperless: Finnable instant loan app offers a complete digital service to help save time as well as paper!
Contact Us: Drop us an email: firstname.lastname@example.orgAddress: IndiQube Lakeside, 4th Floor Municipal No. 80/2 Wing A, Bellandur Village Varthur, Hobli, Bengaluru, Karnataka 560103Responsible LendingFinnable has partnered with RBI authorised & regulated NBFCs/Financial Institutions.Our policies and services are fully regulated and legally compliant.
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