Personal loans in Guwahati are generally offered @ 10.25% p.a. onwards, for loan amounts of up to Rs 40 lakh and tenures of up to 5 years. Pre-approved instant personal loans are also offered to select customers. Public Sector Banks (PSU Banks) may provide personal loans at lower interest rates and for tenures longer than that offered by Private Sector Banks.
Personal Loan Features
- Personal loan interest rates in Guwahati usually start from 10.25% p.a. onwards
- Loan tenure usually ranges up to 5 years; may be up to 7 years for some lenders
- Loan Amount- Up to Rs 40 lakh
- No end usage restriction, other than speculation
- Pre-approved instant personal loans to select customers
- No collateral security
- Processing Fees- Up to 4%
Income Requirements
Minimum Salary eligibility: Rs 15,000 p.m.; can be more for some banks/NBFCs
Eligibility for Personal Loan in Guwahati
- Indian resident
- 21 years of age at the time of loan application
- Salaried employees, self-employed professionals, self-employed non-professionals, employees of State/Central/Local government and public and private sector employees are eligible
- Credit Score of 750 and above increases the chances of availing personal loan and at lower interest rates
Also Check:- Credit Score
Documents Required for Personal Loan in Guwahati
- Application form with photographs attached
- Identity Proof- PAN Card/ Voter ID/ Driving License/Aadhaar Card/ Passport
- Address Proof- Aadhar Card/copy of ration card /Voter ID/Driving License/ Passport/electricity bills/gas connection bills
- Age Proof- Aadhar Card/Birth Certificate/SSC Certificate/Voter ID/PAN Card
- Bank account statement for past 6 months
- Salary slips for last 3 months
- Form 16/ITR for last 3 years