Personal Loan in Patna

Are you living in the historical city of Patna and need funds to cover personal expenses? Availing a loan can be a good idea. Applying for a personal loan in Patna has now become a simple and quick process. 

Finnable’s small personal loans are curated so that the residents of Patna can avail an instant personal loan online and get the funds within a few hours. The loan amount can start at Rs. 50,000 up to Rs. 10 lakhs.

One reason why most people avoid availing loans is the interest rates. However, the interest rates on personal loans are now affordable. Finnable’s personal loan interest rates start at 16%. If an applicant is availing a loan with a high CIBIL score, they can get the interest rate lowered. 

Can the best personal loans help cover shopping and travel expenses? Individuals can avail shopping loan, vacation loan, education loan, and emergency loan.

Eligibility Criteria For Personal Loan

To get a personal loan online from Finnable, the applicant has to meet the eligibility criteria as set by them:

  • The applicant has to be an Indian citizen.
  • He/she should be between the age group of 21-45 years of age.
  • At the time of applying for a small personal loan, they should be working full-time in a government or private company.
  • This tenure at the current employment should be more than 3 months with a total work experience of more than 6 months.
  • The monthly income of a Tier-I applicant should be more than Rs. 20,000/-. A tier-II applicant should receive more than Rs. 15,000/- as monthly income.
  • This income should be credited into the applicant’s bank account and not received as cash.

How to apply for an instant personal loan?

Applying for an personal loan is a simple 3-step process. There is no need for the applicant to visit any office to apply for a personal loan in Patna. Follow these steps to get a personal loan with instant approval

  • Step 1: Get the personal loan app from the PlayStore. Create your profile and fill in the personal and professional details in the application.  
  • Step 2: Choose the type of loan you are looking for. Enter the loan amount and the duration of the loan. 
  • Step 3: Upload all required documents. If you are missing any, the loan will not be approved.
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FAQs

1.What are the documents needed for a personal loan?

To get a personal loan, the applicant will need the following documents: 

  • PAN card
  • Aadhar card
  • Salary slip for 3 months/bank statement for 3 months  

2. What are unsecured loans?

There are two types of loans: secured and unsecured. Personal loans fall under the category of unsecured loans

  • Unsecured loans are the type of loans that do not require any collateral against the loan amount. 
  • Unlike secured loans, the applicant can use the funds from the unsecured loan for any personal expenses, without having to submit any documentary proof. 

Unsecured loans are quick and easy to avail as the lender requires very minimal documents from the borrower when applying for the loan.


3. How is personal loan EMI calculated?

Personal loans are paid in parts in the form of EMIs. The loan’s EMI is calculated using the loan amount and the tenure of the loan. The personal loan interest is already decided by the lender. 

Applicants can use the personal loan EMI calculator to know exactly how much the EMI would be. All the applicant will need to do is enter the amount and the tenure, and the personal loan EMI is calculated instantly.

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FAQs