Latest Personal Loan Eligibility 2017 in Chennai , Interest Rates & more

The following criteria of people who would be Eligible for Personal loan  from Banks/NBFCs.

Personal Loan Eligibility In Chennai:

·         Avail Personal Loan through quick and easy process

·         Get attractive interest rate on Personal Loan

·         Know your Loan Eligibility with simple steps

·         Eligibility for Personal Loan in Chennai Salaried Professionals: 

·         Net Monthly Salary should be more than Rs 12,000***

·         Salary should be received through an Account Transfer . No cash salary.

       

·         Should be working in Pvt Ltd or Ltd Company
 (Now in partnership  and proprietorship company Also We can Fund...But Customer Need Chennai Own House Proof )

·      Aged between 21-60 years
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Personal Loan Basic Documents Required:

• Passport Size Photographs
• Identity proof: (passport, voters ID, driving license or pan card).
• Address proof: (voters ID, driving license or passport).
• Latest 3 months’ Bank statements
• Latest 3 months’ salary slips

Factors Deciding Personal Loan Eligibility

Lenders look for many criteria before sanctioning any loan for its customers. Few never missed factors are here.

·         Age Criteria:  Age should be between 23 to 55 years

• Employment Stability: This is a very crucial aspect for personal loan consideration. Unless you are salaried and employed for more than 2 years in the current profession or if self-employed minimum 5 years of total tenure of earnings.
• Credit Rating: Having good credit rating increases the probability of getting loan with more flexible option on tenure, amount, EMI and interest rates.
• Financial Situation: It’s not always about the present, the past financial records will also have a great call on deciding whether you are eligible for a personal loan or not.
• Employer: The employer with whom the applicant is working with is the best way to gauge the credibility of the applicant.

Eligibility  for Personal Loan in Chennai and Business Loan Self-Employed Professionals: 

·         Turnover more than 50 lakhs

·         Profits more than 5 lakhs

·         Age should be between 23 to 55 years

·         Should have a PAN Card

·         ITR for Latest 3 years and Business/Company should be in existence for at least 3 years(Govt Proff: SSi, Tin, Or Vat Registration Proof