What is Personal Loan?
Personal loan is typically a general purpose loan that you can use at your discretion for things like consolidating debt or paying for an unexpected expense or small home improvement project etc,so to make your life smooth apply online now at LendingWale to avail the best loan offers.
About Raikot:
Raikot is a city and municipal council in Ludhiana district in Indian state of Punjab.
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.
For Salaried Individuals
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Criteria*
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Salaried
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Age
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22 years – 65 years.
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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)
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Total years in job/profession
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2 Years
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Years in current residence
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1 Year (One Day if in a Super A Company)
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For Self Employed Individuals
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Criteria*
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Self Employed
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Age
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23 years (self employed individuals) and 25 years (for doctors); Maximum age – 65 years
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Minimum Turnover
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Rs. 40 lakh for non-professionals; Rs. 15 lac for professionals; as per audited financials
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Minimum Profit After Tax
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Rs. 2 lac for Proprietorship Firm/Self employed Individuals and Rs. 1 lac for non-professionals as per audited financials
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Business Stability
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In current business for at least 5 years and minimum 3 years for doctors
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Existing relationship with the bank
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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
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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.
