Banks/NBFCs in Jaipur offer personal loans @ 10.25% p.a. onwards, for loan amount of up to Rs 40 lakh and tenures of up to 5 years. Personal loans may be offered at lower interest rates and for longer tenures by Public Sector Banks. Pre-approved instant personal loans are also offered to select customers.
Personal Loan Features
- Interest rates usually start from 10.25% p.a. onwards
- Loan tenure is usually up to 5 years; up to 7 years for some banks/NBFCs
- Loan Amount usually up to Rs 40 lakh
- Processing Fees- Up to 4%
- Pre-approved personal loans offered to select customers
- Instant loan disbursal is offered by some lenders
- For any personal purpose, other than speculative purposes
- No collateral security required
Income Requirements
Minimum Monthly Income is Rs 15,000 for salaried applicants, which can be higher for some lenders
Eligibility for Personal Loan in Jaipur
- The applicants should be Indian residents
- Age: 21 years at the time of loan application
- Job profiles: Salaried, self-employed professionals and self-employed non-professionals, public and private sector employees, employees of State/Central/Local government
- Credit Score: 750 and above can enhance the possibility of availing personal loan and at lower interest rates
Documents Required for Personal Loan in Jaipur
- Application form duly filled 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
- ITR/ Form 16 for past 3 years
- Last 3 months’ salary slips
- Last 6 months’ bank account statement