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Sabarmati Riverfront, Ahmedabad, Gujarat, India

Personal Loan in Ahmedabad

Ahmedabad is a commercial hub with several MNCs rising in its core business. This has encouraged several financial institutions to come in the forefront with easy to apply personal loans. A timely personal loan is a great financial support in times of personal or professional crisis. Hence, if you are facing any financial crunch being in Ahmedabad, do check for personal loan options online for quick approval.

With minimal documentation and less processing time, people in Ahmedabad can hope to get a Personal loan sanctioned very soon. Since it is available instantly, you can meet your immediate monetary needs with no difficulty.

Considering the flourishing economy in Ahmedabad, financial firms, banks, non-banking financial firms, and local lenders in Ahmedabad are expanding their services related to different types of personal loan. Online instant loan apps are launched to save time and lengthy procedures that were earlier a part of the in-branch loan application process.

Personal Loan Interest Rates in Ahmedabad

The interest rate in Ahmedabad varies from lender to lender. The advantage of taking online instant personal loan is that borrowers get to select their percentage of interest and calculate EMIs suiting their budget.

The starting and lowest interest rate on a personal loan in Ahmedabad is 10.40%, which can vary based on your eligibility criteria. The processing fee levied on the overall personal loan procedure is minimal, and some lenders charge zero processing fee depending on the kind of relation and goodwill maintained by the borrower with the financial institution in Ahmedabad.

Feature and Benefits of Personal Loan in Ahmedabad

Instant Approval

The instant loan apps are created with features that facilitates loan application, processing and disbursal at a faster speed.

Paperless Documentation

Instant loan apps applicable in Ahmedabad city allow borrowers to create a loan account where they can upload soft copies of mandatory documents or enter details given on KYC documents. This eliminates the hassles of personally visiting the branch for loan application.

Quick Disbursal

Online personal loan application is faster and takes only a few minutes to complete. Verification of KYC details is mostly done in real-time, which speeds up the sanction and disbursal process, within 24 hours.

Small Cash Loans

Ahmedabad has many local vendors dealing in traditional products and mid-sized retailers in need of small cash loans. Even if the borrower is new in the business, a minimum loan amount of Rs.50,000 can be easily approved.

Security

Personal details, mandatory documents and income proofs are kept confidential to preserve the security of the borrowers. Hence, it is advisable to use a reliable personal loan lender in Ahmedabad.

Automated Repayment

Auto debit option is a wise thing to choose when it’s about paying EMIs. This setting automatically debits the EMI amount every month on the approved date. It eliminates the chances of missed/delayed payments and maintains a good credit score.

How to Apply For Personal Loan in Ahmedabad

In the fast-paced lives today, the online platform has simplified a lot of aspects including loan applications. Borrowers can consider the below to apply for personal loan online:
  • 1. Install SimplyCash personal loan app from Google Play Store
  • 2. To register/login enter your mobile number or email id
  • 3. Fill in the loan application form and the mandatory fields
  • 4. Enter details or upload soft copies of KYC documents and income proofs
  • 5. Locate EMI calculator and enter the required loan amount, tenure and EMI to plan your finances
  • 6. Wait for verification of documents and loan application
  • 7. Once verified the loan amount will be disbursed within 24 hours

Documents Required and Eligibility Criteria

With proper required documentation and eligibility criteria, you will be suitable for instant personal loans. Moreover, to avoid loan rejection get clarity on the eligibility criteria:

  • 1 You must be a citizen of India
  • 2 You must possess a stable job in private or public sector
  • 3 You must fall in an age group of 21 - 58 years
  • 4 You must have an income of at least Rs.15,000 per month
  • 5 Must possess KYC documents that includes Aadhaar card/Driving license/PAN card is mandatory
  • 6 Last six months salary slip with ITR details is mandatory
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