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Personal Loan

 

About Personal Loan

There was a time when you had take a step back and skip your dream vacation or say no to you’re always wished for destination wedding due to lack of liquid funds. However, with the advent of personal loans one can fulfill any of their wishes anytime. In today’s time we like to live our lives to the fullest without much bothering much Personal loans are a boon to the society. Whether you are facing a cash crunch or you want to be a little stronger on your finances, opting for a personal loan Is a sure shot success path. It is one of the easiest loans to avail as it required very less time and documentation.

While seeking personal loans you don’t need to face a lot of hassles. You would need to provide details of your income to prove you are capable of repaying the amount. Compared to business people, it is easier for salaried professionals to get a personal loan. You need to be at least 21 years of age and less than 61 years of age. Some age relaxation is given to government employees with a few more conditions. A minimum salary of 20 to 25 thousand is expected for those living in metro cities and 15 to 20 thousand for those putting up in the non-metro locations. For business people a minimum income to 1 lakh to 75 thousand per month is generally expected to avail a personal loan. And, the business should be running for at least 24 months. Sugmya Finance processes personal loans in the least amount of time.

Providing the correct proof is crucial for easy processing of personal loans. Salaried employees should provide their proof of identity, birth and address (passport, voter id, birth certificate, school passing certificates, driving license, PAN card, Aadhar card, photo ration card). Proof of income (last 3 months salary slip, 6 months passbook statement, Form 16, ITR.)

 

Easy steps to opt for a Personal Loan:

  • Understand Your Requirement: The first step is to recognize if you really require a personal loan. Secondly, you need to determine the exact amount you need.
  • Check Eligibility: The second step is to determine if you are eligible to take that much of an amount as you are expecting to. There are online loan calculators that you can seek help from.
  • Monthly Installments: This is a fact of life. Even if you are eligible for an amount you should understand that you need to pay for it every month. Now, this should not be harbored. Check your monthly installments and be true to yourself.
  • Submit Documents: If you are okay with the amount and time, go for it. Submit your documents to Sugmya Finance
 

After a short check the loan seeker will get an intimation about his loan application getting passed. And, then in no time the amount will be credited to his or her bank account. If you want to get a personal loan, contact Sugmya Finance right away.

Apply For Personal Loan