If you are in a urgent need money and wants to fulfill all your need and desire then Personal Loan is here to reduce all your problem  relate to the money .it require minimum documentation. It is an instant  loan which get approved within one day.

Personal Loan is a financial product that allows the applicants to fulfill their any desire and wants you. But borrowers has to pay some amount to the bank as an interest rate. HDFC Bank personal loan  provides services in an online way and offline way as well. You can apply in either way. HDFC Bank is a well known financial organization that caters its customers with so many benefits. Bank has a vast network all over India.

Personal Loan Eligibility Criteria

Personal Loan has some eligibility criteria .It is based on which bank have to approve the request of the applicant regarding the credit .There are two categories of the applicants::

  1. Salaried
  2. Self-employed

There are different eligibility criteria for both applicants.

Salaried Applicant:

  1. Minimum age requirements of the applicants should be 21 years and maximum up to 60 years.
  2. The applicants must have the work experience of the three years. And the salary should be received in their accounts only.
  3. The applicants must have an excellent credit history.
  4. Job location of the applicant should be mentioned.
  5. A  borrower should have minimum income in metropolitan city RS 18,000 and in non -metro city RS 12,000.

 Self-employed Applicant:

  1. Minimum age requirement for an independent person should be 25 years.
  2.  The applicants applying for the personal loan should file ITR for the last three years.
  3.  If the applicants are the businessman, then the business should be running from the past three years.
  4.  The credit score of the individual applicants should be good .there should not be any debt or dues left.
  5.  The annual income of the applicants should be minimum Rs 2.5 lakh.
  6.   The whole documentation process of the personal loan is the applicants has to submit his financial and his bank statement of the previous three months.

Personal Loan Documents

  1. Residence proof:  The documents required for the residence proof includes:(passport/ID card/ Voter card/ aadhar card/ration/card/driving license) and if the applicants are living in rental apartments then has to submit his agreement, electricity bill on his name and address of the owner.
  2.  Self-employed: The applicants of personal loan should file ITR for the last three months, and his business should be registered..Salaried applicants: The applicants have to his salary slip of last three months and bank statement of last six months.
  3. Identity proof  : Verification documents especially require one among the following:( passport/ID card/ Voter card/ aadhar card/ration/card/driving license) any one of them.
  4.  Under KYC  formality: Every applicant has to submit his pan card, which is an essential document.
  5.  Two colored passport size photos:(Applicants should not wear any glasses)

Bank Personal Loan Interest Rates

Rates of interest provided by the  Personal Loan interest rate are quite affordable. It starts at 10.75 % per annum.

Why Magicloans.in is an excellent platform to apply for a loan?

Here, we are to provide you with the loans and here we are to offer loans and tell you why Magicloans.in is better than other websites.

Magicloans.in here values your time, and thus we provide you loans in a quicker period. There are many perks if you choose us over the other website:

  • To begin with, you will enjoy many benefits if you decide to take your personal loan from us
  • After that, you have to fill the personal Loan form, and you will receive a call from our relationship manager.
  • Besides this, more concessional rates will be provided to you besides all of the other facilities.
  • And there is no need to go to the bank.
  • Furthermore, your documents will be picked up from your doorstep.

Features

  • First of all Know your Personal loan eligibility in 1 minute, available online and across all branches.
  • After that Highly competitive interest rates for personal loans.
  • Besides that Special offers, interest rates and nominal charges for Karur Vysya Bank account holders.
  • And Special personal loan offers* for women employees.

Benefits

The reason after that is magicloans.in know the value of your precious time. You will get so many perks if you apply by using this site. Here are some of them are here

  • First of all, if you apply for the  loan from you will be entertained by so many benefits
  • After that, you just have to fill the personal Loan form and you will get a call from outside automatically.
  • Besides that, you will get some more concessions in the interest rates.
  • And there is no need to go to the bank.
  • Furthermore, your documents will be picked up from your doorstep.

How to Apply on magicloans.in

  • Search for magicloans.in on google
  • First of all, a form will open up.
  • After that fill the form with the required information.
  • Besides, that you will get furthermore information from us.
  • Furthermore, You can call on for more information.

for more information.