Unplanned or emergency expenses can crop up at any time in our life. If you are planning to get married or want to indulge in an exotic vacation and are falling short of funds, then worry no more. Instead, it is indeed a good idea to explore the option of taking personal loans to meet these expenses.
Whether you are planning your next dream vacation with your loved ones or your marriage function, a personal loan offers the double benefit of quick access to funds and zero need for collateral to be put up as security. Personal loans have emerged as a great way to finance purchases that otherwise would have been challenging with a regular paycheck.
Need a personal loan to meet your immediate financial requirements? Make sure you run through the basic personal loan eligibility criteria listed below to avail a personal loan as fast as possible, only from Sunita Finance. Also, remember to put in place all the necessary documents well ahead in time, for faster processing of your personal loan.
Personal Loan Eligibility Criteria
Any Indian resident who is an active employee of an MNC, Public or Private limited company and is between 21- 58 years of age is eligible for availing a personal loan at Sunita Finance.
The following are some of the other criteria for availing a Personal loan.
A net salary of Rs.15,000/- per month
A person who has a minimum educational qualification of being a graduate.
An active resident of a city for at least 1 year
A minimum work experience of at least 1 year
Documents Required For Personal Loan
Meeting the basic documentation requirement is a must for applying for any kind of loan. If you intend to apply for a personal loan at Sunita Finance, you must provide self-attested copies of all the required documents, depending upon a number of factors such as your service/profession, income and loan requirements. At the same time, carry the original copies for the purpose of verification.
Find out the detailed list of personal loan documents that are required to avail personal loan.
What are the Interest Rates and the Tenure?
You can avail an attractive rate of interest on a personal loan, only after you have fulfilled the personal loan eligibility criteria. However, the rate of interest to be levied on your personal loan is solely at the company’s discretion. Currently, the rate of interest applied on Sunita Finlease personal loan is flat 15% p.a. The tenure of a personal loan may range up to maximum 60 months.
Check the fees and charges on personal loan.
Know Your EMIs and Available Repayment Options
If you take a personal loan from Sunita Finance, you shall be offered with a convenient option of repaying your amount of loan over a period of fixed term. You can repay the borrowed sum through feasible EMIs which can be calculated accurately with our EMI options. The duration of the tenure and the monthly instalment of EMI are closely related to each other. The shorter the duration of the tenure higher will be the amount that you need to pay towards the repayment of the loan each month.
Make sure you check the personal loan eligibility criteria before applying for a personal loan.