Personal Loan Jodhpur Eligibility

Posted by Palak Bisht on July 13th, 2019

Personal Loan Eligibility

Do you want Personal Loan? It now became an easy process because of the Online Portal. You can easily avail the Personal Loan Jodhpur by sitting at your place. There is no need to step out in the harsh weather to visit the bank for the Personal Loan. Before availing the Personal Loan, you should check the documentation and eligibility process. There is always a procedure that we have to follow before availing the Loan.

What is a Personal Loan?

Personal Loan is a loan which we get from the banks so that we can fulfil our financial needs on a large scale. In this Loan, we don’t have to give any collateral as it is an unsecured loan. It is availed by the salaried and self-employed applicants to meet their financial needs. There are EMIs to repay the Loan.

There are some rules for the applicant who wants to apply for Personal Loan Jodhpur. The eligibility criteria are as follows:

For Salaried Applicant

1.     The age required for the salaried applicant who wishes to avail the Personal Loan Jodhpur should be 21 minimum to 60 maximum.
2.     The income of the salaried person should be at least 18,000 per month. It is must have a salary account as a loan is not provided to the person to gets his salary on the hand.
3.     CIBIL score should be more than 700.
4.     Id proof required for the salaried applicant is aadhar card/pan card,/voter card.
5.     Address proof needed for the salaried applicant is Adhaar Card/Pan Card/Voter Id /Passport/Driver License/Electricity, Bill.
6.     The minimum employment tenure of the applicant should be at least 12 years in a specific company.
7.     The salaried applicant can get a loan minimum of 1.5 lakh to a maximum of 20 lakhs depending on the salary of the applicant.

For Self Employed Applicant

1.     The age required for the salaried applicant should be 21 minimum to 65 maximum.
2.      ITR is a must process. It should be at least 2.5 from last three years.
3.     CIBIL score should be more than 700.
4.     Id proof required for the salaried applicant is aadhar card/pan card,/voter card.
5.     Address proof needed for the salaried applicant is Adhaar Card/Pan Card/Voter Id /Passport/Driver License/Electricity, Bill.
6.     The minimum employment tenure of the applicant should be at least  60 years.
7.      The self-employed applicant can get a loan of a minimum of 1.5 lakh to maximum 50laks depending on the CIBIL score of the applicant.

Personal Loan Documentation

The documentation Process of the Personal Loan Jodhpur is as follows:

One Identity Proof

There are documents  that you can present as proof of your identity. It can be one of the given.

1.     Aadhar Card
2.     PAN Card
3.     Driving License
4.     Voter ID Card   

One Residence Proof

1.     Aadhar Card
2.     PAN Card
3.     Driving License
4.     Voter ID Card
5.     Ration Card
6.     Electricity and water Bills for the last six months.

Income Proof

1.     Salary slips of last three months and bank statement of last six months. In the case of self-employed applicant ITR of the previous three years is required.
2.     2 Passport sized coloured photographs.