A personal loan is an unsecured loan offered by financial institutions to individuals without putting up any collateral against it. These loans can be taken to cope with a wide variety of personal needs such as home renovations, medical emergencies, credit card consolidation, family needs, etc. Personal loans are generally sanctioned based on several criteria like income level, employment history, credit history, repayment capacity, etc.
The documents that you need to get a personal loan in Berhampur as on 01 May 2024
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Age proof
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Proof of Identification
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Proof of residence
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Bank statement - 6 months from the current date
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If you are salaried
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Current salary slips for three months
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Tax returns
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Form 16 provided by the employer
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If you are self-employed
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Tax returns for the last three years
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Computation of taxable income for last three years
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Certified or Audited balance sheet and Profit and loss statement for last three years
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As of 01 May 2024, you can get cheap personal Loans in Berhampur from the following
- HDFC bank personal loans in Berhampur
- ICICI bank personal loans in Berhampur
- AXIS bank personal loans in Berhampur
- SBI personal loans in Berhampur
- CITIBANK bank personal loans in Berhampur
- Bank of Baroda personal loans in Berhampur
- Allahabad bank personal loans in Berhampur
- PNB personal loans in Berhampur
- RBL bank personal loans in Berhampur
- UCO Bank personal loans in Berhampur
- Bank of Punjab personal loans in Berhampur
- Standard Chartered Bank personal loans in Berhampur
- IndusInd Bank personal loans in Berhampur
- Dena Bank personal loans in Berhampur
- Tata Capital personal loans in Berhampur
- Kotak Mahindra Bank personal loans in Berhampur
- Fullerton India personal loans in Berhampur
- Oriental Bank of Commerce personal loans in Berhampur]
- Andhra Bank personal loans in Berhampur
- IDBI Bank personal loans in Berhampur
- Indian Overseas Bank personal loans in Berhampur
- State Bank of India (SBI) personal loans in Berhampur
- Aditya Birla personal loans in Berhampur
- Vijaya Bank personal loans in Berhampur
- Bank of Maharashtra personal loans in Berhampur
- ING Vysya Bank personal loans in Berhampur
- The Bank of Rajasthan personal loans in Berhampur
- Syndicate Bank personal loans in Berhampur
- Punjab National Bank personal loans in Berhampur
- Corporation Bank personal loans in Berhampur
- Karur Vysya Bank personal loans in Berhampur
FAQs for Personal Loans in Berhampur
The personal loans amounts are sanctioned based on your financials and the policies of the banks. As of 01 May 2024 the range of personal loan amount is from Rs.50,000 to Rs.15,00,000.
This depends on the financial institution that you have taken the loan from. Some financial institutions allow you to prepay and others don't. If you have seasonal income, it may make sense for you the check the prepayment conditions with the lender before you borrow the money.
As of 01 May 2024 the majority of the lenders do not require a guarantor for a personal loan in Berhampur. There are a few lenders who might require that, based on their product policy and your financial conditions. However, if they require it, they will let you know that during the application process.
As of 01 May 2024 the time to get the money in your account varies from 2 days to 7 days. However, in certain conditions, you might be able to get the loan faster than 2 days.
A lot of lenders allow the borrower to pre-pay the loans after 6 months. However, as of 01 May 2024 not all lenders allow you to pre-pay your loan. Therefore, it makes sense for you to check with your lender on the prepayments policy that they have.
