Personal Loan Raipur

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Personal Loan in Raipur

A personal loan is the most sought out loan in times of emergencies. Firstly you need to know that a personal loan is an unsecured loan which means you can avail this loan without any collateral. Also, you can take this loan for any reason. The Bank/NBFC has got nothing to do with the reason. As long as you have a good credit history, they can provide you personal loans at good interest rates in Raipur..
Raipur is the largest city and the capital of Chhatisgarh. It is also called as the “rice bowl of India” as they grow over hundred varieties of rice. In Raipur there are various banks and NBFC’s that offer personal loans to customers. This process is very quick and without any hassle.
When you will go to avail a personal loan in Raipur, the tenure offered in general is between 5 to 7 years by the Banks/NBFC’s. Also, the rate of interest will start from 11.29%* onward. Banks and NBFCs in Raipur offer personal loans to their customers which they can pay in flexible EMI options.
When dealing with personal loans in Raipur, Banks and NBFCs in Raipur have a simple process. They have a certain eligibility criteria. If an individual can fulfill those criteria, they can get the loan. Out of these, the main criteria involve the individual’s financial position. It means they will check the repayment capability of the individual. Also, they will then check their credit score. This is important as on the basis of the credit score you can get a lower interest rate from the Bank/NBFC.

Why Choose Ruloans To Apply For Personal Loan in Raipur?

Ruloans is a loan distribution house with a lot of experience in the loan industry. We can offer different types of loans all around Raipur. If you visit our website, you will find that we have a user friendly interface. This helps you to easily apply for a personal loan in Raipur in just a few steps. Below listed are few reasons why you should choose Ruloans;

Hassle free process

As mentioned above, our website has a user friendly process which is hassle free hassle free. This is made easy keeping the customer in mind so they don’t have to struggle while applying for a personal loan in Raipur. Also, once you submit the documents, you can compare your loan options and decide which lender you would like to choose the loan from.

Benefits of applying with us

While applying for a personal loan in Raipur, the main benefit of going with Ruloans is that we have partnered with various Banks and NBFCs in Raipur. This is a huge benefit got you as you can get the best offers from our partner banks and NBFCs in Raipur.

Compare your loan options

Once you fill in your basic details and requirements, you get to choose your loan from a list of a variety of lenders who can give you a personal loan in Raipur. You can also compare interest rates and many other details offered by different banks and NBFCs.

Free expert guidance and advice

Ruloans offers all these services to our customers free of cost. There are no fees charged for the guidance services that we offer.

Privacy policy

At Ruloans, we have a strict policy towards privacy. Your form and documents are sent to your choice of lender electronically and hence we do not share any of your documents and other details with any 3rd party.

What are the Features & Benefits of taking a Personal Loan in Raipur?

Taking a personal loan in Raipur is a good option when you have a lot of obligations and priorities at hand. Without affecting your current cash flow, you can take a personal loan and clear the emergency at hand. There are many benefits associated with personal loans. They are;

  • Easy availability: Many leading banks and NBFCs in Raipur will offer you personal loans in a quick way. Also, the entire process is simplified. You also get to choose a lender of your choice.
  • Minimum documentation: When applying for a personal loan in Raipur, since it is unsecured, there is no collateral needed. Hence, the documentation process is very low.
  • The loan is approved quickly: When you upload the necessary documents, the Banks and NBFCs in Raipur approve the loan post analysis. The personal loan usually is approved in 24 to 48 hours*. Please note that the process can take a bit longer if the documents are not uploaded correctly without any error.
  • Multi-purpose loan: A personal loan is also called as a multipurpose loan. The reason is that this can be taken for a variety of reasons ranging from buying an expensive phone, education and medical expenses. Banks and NBFCs in Raipur provide personal loans to anyone who needs it irrespective of the reasons.
  • Flexible type of loan: When taking a personal loan in Raipur, you need to remember that with a good credit score, you can always try to negotiate with your Bank/NBFC regarding the rate of interest and other terms. The Bank/NBFC might also allow you certain waivers and benefits

What are the Eligibility Criteria to avail a Personal Loan in Raipur?

For a personal loan in Raipur, there is an eligibility criterion that needs to be fulfilled. Below listed are few of such requirements;

Particulars Salaried Borrowers Self-Employed Borrowers
Age 21 years to 60 years 23 years to 60 years
Income Rs. 15,000 (Rs. 20,000 in metros) Turnover of minimum Rs. 24,00,000 (differs for professional and non-professional)
Maximum Loan Amount Approved Rs. 15,00,000 Rs. 15,00,000 to 20,00,000
Minimum Loan Amount Approved Rs. 75,000 Rs. 75,000 to Rs. 3,00,000
Loan Tenure 12-72 months 12-48 months
*Please note that the eligibility criteria will always differ from lender to lender. The above details listed are generic and hence are not specific to just one lender.

What are the Documents Required to avail a Personal Loan?

For a personal loan in Raipur, there are different sets of documents that you will need. These are listed below as follows;

Particulars Salaried Borrowers Self-Employed Borrowers
Identity Proof Passport, Driving License, Voters ID or PAN Card Passport, Driving License, Voters ID or PAN Card
Address Proof Passport or utility bills Passport or utility bills
Additional Documents Salary slips for last 3 months Proof of highest professional degree
2 year employment continuity document Latest Income Tax Return Balance sheet
Profit and Loss for last 3 years certified by CA
*Please note that the eligibility criteria will always differ from lender to lender. The above details listed are generic and hence are not specific to just one lender.

How to Apply For a Personal Loan in Raipur on Ruloans?

By completing 5 steps, you can apply for a personal loan in Raipur on Ruloans:

How to Apply For a Personal Loan in Raipur on Ruloans
Step 1 Log on to our website and visit the ‘Personal Loan in Raipur’ page. Click on ‘Check Your Eligibility’ box.
Step 2 Next, you will need to fill out basic information. Once these details are filled, our loan calculator will check your eligibility with its highly efficient algorithm.
Step 3 Post that, our loan calculator will provide you with results as per the details mentioned by you. This list will include names of all banks and NBFC’s, the rate of interest they are offering etc.
Step 4 After deciding your choice of lender, you can fill up the form and then upload the required documents. In case of a doubt or there is a need any assistance, please do not hesitate in calling our experts for advice. You can also drop us an email and our representative will help you. The contact details are given on our website.
Step 5 Privacy is a strict policy and at Ruloans we value the data given to us by our customers. Your application will be sent electronically to the Bank/NBFC you selected. There is complete privacy. Also, you will be informed about the status of your application via SMS, email or you can track it via our website too.

Frequently Ask Questions

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