7/30, WEST PATEL NAGAR, NEW DELHI- 110008.

info@vintagefinance.in

+91-11-4304 7900

Personal Loan

Do you require some quick money? Need to remodel your home or simply experiencing a brief budgetary crunch? Personal Loans give some assistance to meet your crisis money necessities.

Personal Loan is normally a type of unsecured credit with an altered reimbursement plan and compared regularly scheduled payments. On the other hand, there are secured individual advances also, whereby the borrower needs to keep an advantage as insurance, which the giving foundation can have on the previous pronounced as a defaulter. Individual credits are by and large used to meet provisional money necessities, for example, wedding, youngsters' training, home change, extravagance occasion, purchasing an auto or an electronic apparatus, and so on.

Personal Loan EMI

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Personal Loan for Salaried

Personal Loan is a kind of unsecured loan, given to borrowers for personal use and does not require any security or collateral. While drawing the Personal Loan you are not required to disclose the end use of the borrowed money and can pay off the amount of loan in easy instalments.

Quantum of Personal Loan

Quantum of Personal Loan for salaried person is estimated on the basis of income of applicant, credit score, capacity of repayment, and steadiness of source of income for such applicant.

Repayment Tenure

Repayment schedule provides the amount of each EMI, due dates and breakup between principal and interest components. It also provides the outstanding principal after realization of each EMI.

Eligibility

Minimum age of Applicant : 21 years

Maximum age of Applicant at loan maturity : 60 years

Minimum employment : Minimum 2 years in employment and minimum 6 months in the current organization

Minimum Net Monthly Income : Rs 40,000 Family Income / Rs 25,000 per month (Loan applicable for Delhi/NCR only)

List of Documents required

Identity proof: Pan Card/Passport/Election Card/Photo Identity issued by Government, Defence Services, Public Sector undertaking/Driving Licence/Photo Credit Card/Employees ID Card, Letter/card issued by UIDAI containing the details of name, photograph, address and Aadhaar number.

Income proof: Latest salary slip showing all deductions or Form 16 along with current dated salary certificate or ITR (last 2 years).

Residence proof: Bank Account Statement/ Latest Electricity Bill/ Latest Telephone Bill/ Latest Credit Card Bill/ Employers letter certifying current mailing address/Passport(Valid)- provided the passport address is present address mentioned in application form / Existing Registered House Lease/ Government I-card with photo and address/ Ration Card/ Latest Property Tax / Water Tax bill.

Signature Verification: Valid Passport /Pan Card/ Processing Fee Cheque/ Banker's Verification Letter.

Proof of telephone: Latest bill of landline or mobile or WLL stating name of borrower or address of borrower.

Guarantor: Optional

NOTE :

Qualification or registration proof required for doctors, architects, CA, CS, ICWA, MBA consultant, engineers .


Documentary proofs required may vary from customer to customer


Application Fee Charges

Rate of Interest 16% to 20%

Loan Processing Charges Minimum Processing Charges

Cheque/ Instrument Swap charges Rs.500 per instance + Service Tax as applicable

Prepayment/ Forclosure Charges 2%

FAQs

Q1. How does Personal Loan benefit me?

A. We offer Personal Loan for any of your personal/business need at very attractive rate of interest that carries lowest EMI at the time of Personal Loan repayment.

Q2. Who can apply for Personal Loan?

A. Personal Loan is currently available for salaried individuals only who lives in DELHI/NCR & having Minimum New Monthly Salary Income of INR 25,000/- (per month).