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LOOKING FOR A PERSONAL LOAN IN CHANDIGARH?


In everyone’s life, we all face an immediate need for funds or expense and without the capital. At that period the only things come into our mind to take a loan either from some dear ones or from Banks. Taking a loan from private moneylenders might be riskier and also with a very high rate of interest. So here to taking a loan from the bank will be much secure and with less rate of interest.

Among many types of loans if you want to go for a collateral-free loan so Personal Loans are the best one you can opt for. It is an unsecured loan given without collateral and you can use it for any purpose like for Medical Emergencies, Funding your holiday, higher education, or anything else. In Personal Loan, the borrower doesn’t need to mention specific reasons where how borrower wants to use that money. In the last few years, Personal Loans become very popular among individuals because of its fast processing, collateral-free, and no need to specify reason to the lender.  However, Personal Loan is a type of unsecured loan so its rate of interest is higher than of secured loans but again not everyone has something to put as collateral.

Personal loans are very flexible to get and you do not need to wait in long queues to get your application processes, you just need to open the website of the preferred bank and apply for a personal loan online. Just by following some easy steps, you can have the sanctioned amount directly to the account. So, what are you waiting for apply for a "Personal Loan In Chandigarh" hassle-free.

What to do before you apply for the loan?
Before you apply for the personal loan there are few things to reconsider. Carefully assess why you need the loan and how you will manage to pay it back. For this, you must be aware of your credit history.  A through research should also be done by individuals so that you can get the best interest rate.

Eligibility criteria for Personal Loan
Every bank has its own terms and conditions to secure their capital but here are some commons Eligibility Criteria for different individuals are mentioned below.

For a salaried person:
● The age of the individual should be between 21 years to 60 years old.
● The monthly salary of the individual should be more than INR 15,000.
● The CIBIL score must be above 750.
● The loan amount can be taken between INR 50,000 to INR 25,00,000. This amount can be varied bank to bank and individual to individual but this is the most common one.

For a self-employed person:
● The age of the individual should be between 22 years to 55 years old.
● The monthly salary of the individual should be more than INR 15,000.
● The CIBIL score must be above 750.
● The loan amount can be taken between INR 50,000 to INR 30,00,000. This amount can be varied bank to bank and individual to individual but this is the most common one in this case.

So, what are you waiting for if you need the money and can fulfill all these eligibility criteria of comparing the banks and "Apply For Personal Loan Online" to take a step forward to fulfill your financial need.

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