Personal Loan Palakkad

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What is Personal Loan?

Loan given to an individual to cater and satisfy his own personal needs is known as a Personal Loan.
Hard times are faced by everybody. In that case, it is difficult to arrange cash and difficult to ask for money from the relatives. Now overcome your crises without any difficulty or borrowing from any of your friends or relatives. Apply for Personal Loan Palakkad and avail the best offers.

About Palakkad:
Palakkad, also known as Palghat, is a city and municipality in the state of Kerala in southern India, spread over an area of 26.60 km² and is the administrative headquarters of the Palakkad District.

Features

Minimal paperwork
Guidance throughout the process, making process hassle free
Doorstep service at your comfort
Simplified documentation
Flexible repayment options
Apply Online and Get Quick Approval
Loan disbursal in 72 hours after submission of documents
Check your Personal Loan Eligibility.

Personal Loan Eligibility

For Salaried Individuals

Criteria*	Salaried
Age	22 years – 65 years.
	Salaried individuals with minimum monthly income Rs.15,000 (Rs.20,000 for applicants residing in Mumbai & Delhi; Rs.18,000 for applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata; For Others Rs. 12,000)
Total years in job/profession	2 Years
Years in current residence	1 Year (One Day if in a Super A Company)

For Self Employed Individuals

Criteria*	Self Employed
Age	23 years (self employed individuals) and 25 years (for doctors); Maximum age – 65 years
Minimum Turnover	Rs. 40 lakh for non-professionals; Rs. 15 lac for professionals; as per audited financials
Minimum Profit After Tax	Rs. 2 lac for Proprietorship Firm/Self employed Individuals and Rs. 1 lac for non-professionals as per audited financials
Business Stability	In current business for at least 5 years and minimum 3 years for doctors
Existing relationship with the bank	Minimum 1 year liability relationship (current or savings account) or Asset relationship (loan) either live or closed in the last 36 months; repayment track asrequired

Personal Loan Documents

List of documents for Salaried

Proof of Identity:- Passport / Driving License / Voters ID / PAN Card (any one)
Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
Latest 3 months Bank Statement (where salary/income is credited).
Salary slips for last 3 months.
2 Passport Size photographs.
List of documents for Self-Employed

KYC Documents : Proof of Identity; Address proof; DOB proof.

Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
Income proof (audited financials for the last two years).Latest 6 months Bank statement.
Office address proof.
Proof of residence or office ownership.
Proof of continuity of business.

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Personal Loan Palakkad