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Personal Loan in Rajkot

Rajkot, the industrial city of Gujarat has its commercial roots in various small-scale industries. There are several worth visiting markets in Rajkot reflecting the tradition of Gujarat in its jewellery, embroidery, attires, accessories etc. Many individuals and businesses in Rajkot look upon personal loans for immediate finance. Personal loans not only cover up financial shortage but also helps in maintaining a stable cash flow.

Nowadays, personal loans are commonly requested via smart phones. Never did we imagine applications of personal loan will be so simple and less time consuming. So, if you are in Rajkot and facing a money crunch, download an instant loan app on your phone and request for a personal loan with an affordable interest rate. The security level in instant loan apps is higher as all the personal information submitted remains confidential.

SimplyCash is entirely a borrower’s app that helps you to acquire instant cash loan at the convenience of your home. Download SimplyCash from Google Play store and follow the stepwise procedure to avail the loan in 24 hours.

Personal Loan Interest Rates in Rajkot

As the interest rate may vary from lender to lender, the lowest interest rate on a personal loan in Rajkot starts from 10.50% per annum, followed by a minimal processing fee. Personal loan interest rate in Rajkot may differ as per the financial companies’ norms and regulations. Moreover, the borrower’s credit history plays a significant role to get an affordable interest rate in Rajkot. Over a period of time, you can improve the credit score with systematic planning and management of loan accounts.

Feature and Benefits of Personal Loan in Rajkot

Personal loan acts as a fuel in the commercial scenario that sustains business in times of unexpected financial demand. Here are related features and benefits of acquiring personal loan in Rajkot:

Collateral Free

Personal loan is an unsecured loan that requires no submission of security or collateral against the loan. This reduces the time taken for loan approval.

Flexible Repayment

With digital loan apps on the rise, personal loan repayment modules have become automated and where EMIs get deducted automatically. The online loan calculator gives a perception to plan your EMIs and repayment tenure using the online loan app.

Easy Documentation

Personal loan involves paperless documentation if the application is done through an online personal loan app. No physical documents are required unlike the traditional personal loan process.

Customized Loan Amount

Keeping loan amount, tenure and interest rate as the base factors, borrowers can plan EMIs in advance as per the budgetary requirement. When it comes to loans, getting clarity on the EMI amount gives a sense of relief.

How to Apply For Personal Loan in Rajkot

As most of the work is done through online platforms, individuals prefer applying for personal loans online. Here are few simple steps to apply for a Personal Loan in Rajkot:
  • 1. If you are new to online loan apps, launch the personal loan app on your smartphone through Google Play Store
  • 2. Register and login by entering your mobile number or email Id for verification (OTP)
  • 3. Check your loan eligibility through loan EMI calculator
  • 4. Fill in the form with Aadhaar card number linked to your mobile number/PAN card/ Driving License
  • 5. Scan your photograph for ID proof and other documents as required by the financial companies
  • 6. Fill in other personal details like your (Profession, Company address, and Work experience)
  • 7. Upload all the required documents
  • 8. Application and other documents will be verified immediately, once verified personal loan will be approved instantly
  • 9. After the application is approved, the loan amount will be transferred immediately into your registered bank account.

Documents and Eligibility Criteria in Rajkot

Accurate documents and eligibility criteria of the borrowers plays a major role in fast processing of personal loan. In the absence of any required documents or if the eligibility criteria do not match the required standards, your application for personal loan can be rejected or delayed.

So, to avoid delayed loan disbursement or rejection have a glance at the below mentioned minimal required documents:

  • 1Required documents that may include- Identity Proof (Aadhar card/ Driving License)
  • 2Address Proof- Passport/ Aadhar Card
  • 3Income Proof- Bank account statement, 6 months’ salary slip.
  • 4You should be a resident of India
  • 5You should be either salaried or self-employed individual
  • 6Your minimum monthly income should meet the criteria fixed by the lender
  • 7You should be between 21-58 years of age
  • 8Your credit history should meet the criteria set by the lender. Credit score may vary as different lenders set different standards.

Note: If You are in the age group of 21 – 58 years and have a minimum monthly income of ₹ 15,000 then you are eligible for a Personal Loan from SimplyCash. No physical documentation and meetings required, apply for a Personal loan today.

SimplyCash documentation and eligibility criteria is much simpler, to know details click here

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