How can you get an instant personal loan for salaried employees? - PowerPoint PPT Presentation

About This Presentation
Title:

How can you get an instant personal loan for salaried employees?

Description:

Get Instant Personal Loan Online at Low-Interest rates with less paperwork with Buddy loan. An instant personal loan doesn’t need any collateral, pledges or even any heavy documentation. – PowerPoint PPT presentation

Number of Views:20
Slides: 6
Provided by: Nagaraj321
Category: Pets & Animals

less

Transcript and Presenter's Notes

Title: How can you get an instant personal loan for salaried employees?


1
How can you get an instant personal loan for
salaried employees?
2
  • An instant personal loan can give you a financial
    boost in your tough times. You may find yourself
    in financial trouble at times, whether you're a
    salaried worker or self-employed. A loan is the
    best way to avoid unwelcome and unexpected
    emergencies. A personal loan with a low interest
    rate and quick approval could solve all your
    financial problems. It is easier for salaried
    employees to get approved, while it can be more
    difficult for self-employed individuals to get
    loans sanctioned. After submitting all required
    documents and completing all formalities, a
    self-employed individual can obtain a loan from a
    bank or trusted lender. Continue reading to learn
    more about how to apply for an instant personal
    loan.

3
  • Personal loan with income proof or documents
  • Loan approval is easier if you have proof of
    income. Lenders will approve loans for
    self-employed people who have all the required
    documents. To get an instant personal loan, make
    sure you review the eligibility criteria and all
    required documents.
  • Eligibility Criteria
  • The borrower must be Indian citizen between the
    ages of 18 and 65.
  • Annual turnover or profit must be at least 1
    lakh, or as required by the lender
  • The borrower must have been in the same company
    for at least three years.
  • Documents are required
  • Proof of age - Birth certificate/passport/PAN
    card
  • Proof of ID - Voter ID/Passport/Aadhar/PAN
  • Photographs
  • Documentation proving residence Passport/utility
    bill
  • Bank statement for the last 3 months
  • Evidence of income - The most recent income tax
    return, balance sheet for the last 2 years, and
    profit/loss certificate
  • If you have any additional documents that are
    required by the lender, please check with them.

4
  • Rate of interest (ROI).
  • Rate of interest is dependent on many factors,
    including credit history and relationship between
    lender and borrower. The lender will calculate
    the ROI after you have submitted the documents.
    There are chances that your company will get a
    lower interest rate if it has a high turnover.
    Before you apply for a loan it is advisable to
    compare interest rates from different lenders.
    Then, choose the best one. Buddy Loan, Indias
    leading loan aggregator, offers loans at lower
    interest rates starting at 11.99 per annum
  • Instant Personal Loan without Income Proof
  • You can apply for a loan if you are self-employed
    but don't have proof of income. If the borrower
    has a good relationship with the lender, this
    type of loan is known as a secured personal loan.
    It can offer lower interest rates. A great way to
    obtain a personal loan for a self-employed
    individual without proof of income is by asking
    family and friends to sign the loan application.
    If the applicant has good credit, it will be
    easier to get approved.

5
  • Wrapping up!
  • Self-employed people don't need to worry about
    getting a loan quickly. Personal loans are great
    for everything, from paying off debt to
    renovating your home or traveling to exotic
    destinations. See the guidelines today, and then
    apply for a loan according to your convenience.
    Download Buddy Loan App to see more details
Write a Comment
User Comments (0)
About PowerShow.com