Presentation on“All About Personal Loan”

By Credit Nation

By Credit Nation

About Personal Loan:

PERSONAL LOAN is an unsecured loan, which you can get from banks and NBFC, to fulfil your personal needs. Basically, it’s a loan for any need and it’s quite easy to have it without many questions asked by banks. Moreover, you also get the freedom to use the loan amount for any legal purpose. Be it your wedding or vacation, personal loan will take care of it.

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Uses of Personal loan:

Personal Loan is a multi-purpose loan, which you can use for any legal purposes and some of them can be as follows:

-Wedding, travel

- House renovation

- Gifting a new bike to your grandson etc.

-Debt consolidation

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Features of Personal Loan:

A). Interest Rate: Interest rate of unsecured personal loan is comparatively higher than other loan but the increasing competition among the competitors, give benefit to you to choose the bank with less interest rate. B). Repayment: Repaying personal is easy because of the convenient options available for you such as post dated cheques, online payments of EMI etc.

C). Minimal paperwork: Getting the BEST PERSONAL LOAN is easier than other loans because banks understand the urgent need of their customers and thus they do the approval quickly. Most of the banks process the loan request within 48 hours.

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Features of Personal Loan:

D). Tenure: Last but not the least, you get enough time to repay your loan with equal installments and the tenure can be between 1-5 years. So Take your time and repay the loan comfortably.

E). Loan amount: Whether you are salaried or self- employed, you can get the loan as low as INR 20 thousand and as high as INR 20 lakhs, which you can use for any legal purpose.

F). No collateral: Personal loan is an unsecured loan which means, it’s not necessary to possess any property to give as collateral because you can get the loan anyway.

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Eligibility:

Salaried:

Age: 1. Min age of Applicant 21 years

2. Max age at loan Maturity 58 years

Experience: Min period in current job 1 year

Income: Min Monthly Income Above INR 17,500

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Eligibility:

Self-Employed:

Age: 1. Minimum age of Applicant 25 years

2. Maximum age at loan Maturity 65 years

Experience: Minimum period in current business 3 years

Income: Min. Profit After Tax

Professional Above INR 2 Lakh

Non-Professional Above INR 1 Lakh

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Documents:

KYC DOCUMENTS:

Pan Card

Adhaar Card

Voter ID

Utility Bill

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Documents:

Financial Documents of a salaried person:

Job Continuity Proof: Any one Current employment certificate Current job appointment letter Experience Certificate of previous job(including

appointment and relieving later)

Income Proof:• Last 3 month’s salary slip• 6 months bank statement• Form 16 of last 2 years

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Documents:

Financial Documents of self-employed person:

•Last 2 years ITR with computation of income•Bank statement:•Current account statement of last 1 year•Savings account statement of last 6 months •Business and residence ownership Proof (Any Registration Proof )

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Process of applying for personal loan:

- Filling up loan application form

- Submitting form and documents

- Sanctioning of loan

- Executing the agreement

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One Stop to get the One Solution for all the Problems:

CreditNation is a growing online service provider of all the

financial products. We provide you transparent information

about your application and we make sure that you get the

BEST PERSONAL LOANS IN INDIA, without even visiting any

bank. So feel free to contact us for any query regarding loans

and we’ll be glad to help you.

Thank YouAddress:

F-213 B, Level 1, Rear Block, Lado Sarai, New Delhi - 110030, INDIA

Phone: +91-11-4285 4285

Email: support@creditnation.inWebsite: www.creditnation.in

By Credit Nation