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 Ozhukarai as on 08 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 08 May 2024, you can get cheap personal Loans in Ozhukarai from the following
- HDFC bank personal loans in Ozhukarai
- ICICI bank personal loans in Ozhukarai
- AXIS bank personal loans in Ozhukarai
- SBI personal loans in Ozhukarai
- CITIBANK bank personal loans in Ozhukarai
- Bank of Baroda personal loans in Ozhukarai
- Allahabad bank personal loans in Ozhukarai
- PNB personal loans in Ozhukarai
- RBL bank personal loans in Ozhukarai
- UCO Bank personal loans in Ozhukarai
- Bank of Punjab personal loans in Ozhukarai
- Standard Chartered Bank personal loans in Ozhukarai
- IndusInd Bank personal loans in Ozhukarai
- Dena Bank personal loans in Ozhukarai
- Tata Capital personal loans in Ozhukarai
- Kotak Mahindra Bank personal loans in Ozhukarai
- Fullerton India personal loans in Ozhukarai
- Oriental Bank of Commerce personal loans in Ozhukarai]
- Andhra Bank personal loans in Ozhukarai
- IDBI Bank personal loans in Ozhukarai
- Indian Overseas Bank personal loans in Ozhukarai
- State Bank of India (SBI) personal loans in Ozhukarai
- Aditya Birla personal loans in Ozhukarai
- Vijaya Bank personal loans in Ozhukarai
- Bank of Maharashtra personal loans in Ozhukarai
- ING Vysya Bank personal loans in Ozhukarai
- The Bank of Rajasthan personal loans in Ozhukarai
- Syndicate Bank personal loans in Ozhukarai
- Punjab National Bank personal loans in Ozhukarai
- Corporation Bank personal loans in Ozhukarai
- Karur Vysya Bank personal loans in Ozhukarai
FAQs for Personal Loans in Ozhukarai
The personal loans amounts are sanctioned based on your financials and the policies of the banks. As of 08 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 08 May 2024 the majority of the lenders do not require a guarantor for a personal loan in Ozhukarai. 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 08 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 08 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.
