Apply Online For Personal Loans in Trichy At Lowest Interest Rates
Personal Loan in Trichy
Trichy’s personal loan is financed through P2P loans from Press4loans lenders across India. These loans are unsecured and from Rs. 20,000 to Rs. 1,50,000 you don’t have to mortgage anything or display assets. Some of the reasons for using a personal loan in Trichy include medical needs, travel, home refurbishment, wedding, good purchases, etc. Another reason a loan can be used is to obtain a supplementary loan, a balance transfer or debt consolidation.
You must have an excellent credit history and sufficient salary to get your personal loan sanctioned by Press4loans in Trichy if you need to have a personal loan in Trichy. Other factors such as years of work, company for which you have worked etc. will determine key factors, such as amount, tenure and interest rate. Press4loans in Trichy allows youto pre-close the loan without additional costs. Most banks have a 4 percent-5% pre-closure charge.
Credit Score , Tenure & EMI
Three factors that determine the personal loan Interest repayment and EMI on month.
Salary requirements for Trichy personal loans
The wage requirements in the use of a personal loan in Trichy change from bank to bank. See if the bank offers the best interest rates, also look for the bank’s minimum wage requirement.
For salaried employees – Banks have a minimum wage requirement between Rs. 15000 and Rs. 50,000 for employees.
Self-employed persons – Those who have their own businesses should provide proof of revenues, and most banks have a Rs 1 lakh to Rs 2 lakh revenue requirement each year.
Chat with our Personal Loan agents or submit a Loan inquiry online for Immediate support.
Press4loans really helped me getting my personal loan quickly. Their timely document collections & their fantastic transparency in loan processing helped us tracking their work progress easily.
List of Banks & Interest Rate Ranges
Interest Rate 11.75.% - 24.00%
Interest Rate 11.75.% - 24.00%
Processing Fee Range :Up to 2%
Loan Amount : 30L Max
Tenure Range : 1-5 Years
Interest Rate 11.75% - 16.99%
Interest Rate 11.75% - 16.99%
Processing Fee Range : Up to 2%
Loan Amount : 30L Max
Tenure Range : 1-5 Years
Interest Rate 11.25% - 16.99%
Interest Rate 11.25% - 16.99%
Processing Fee Range : Up to 2%
Loan Amount : 30L Max
Tenure Range : 1-5 Years
Interest Rate 11.25% - 16.99%
Interest Rate 11.25% - 16.99%
Processing Fee Range : Up to 2%
Loan Amount : 60L Max
Tenure Range : 1-5 Years
Interest Rate 12.99% - 19.00%
Interest Rate 12.99% - 19.00%
Processing Fee Range :Up to 2%
Loan Amount : 30L Max
Tenure Range : 1-5 Years
Interest Rate 12.99% – 20.00%
Interest Rate 12.99% – 20.00%
Processing Fee Range : Up to 2%
Loan Amount : 30L Max
Tenure Range : 1-5 Years
Interest Rate 11.25% - 18.00%
Interest Rate 11.25% - 18.00%
Processing Fee Range : Up to 2%
Loan Amount : 40L Max
Tenure Range : 1-5 Years
Interest Rate 11.49% – 16.99%
Interest Rate 11.49% – 16.99%
Processing Fee Range : Up to 2%
Loan Amount : 30L Max
Tenure Range : 1-5 Years
Other Bank
Interest Rate 11.25% - 16.99%
Processing Fee Range :Up to 2%
Loan Amount : 30L Max
Tenure Range : 1-5 Years
Banks Interest Rate, Processing Fee with Tenure & EMI per Lakh
| Banks | Interest Rate Ranges | Processing Fee | Repayment (No. of Months) | EMI per Lakh |
|---|---|---|---|---|
| Bank #1 | 15.50%-24.00% | 1.50%-2.00% of the loan amount + Service Tax, as applicable | 12 – 60 months | 2406 to 2877 |
| Bank #2 | 12.5%-16.00% | 2.25%-3% of the loan amount | 12-60months depends upon company categorization | 2432 |
| Bank #3 | 14.00% to 19.00% | Upto 2.5% of the loan amount | 12-60months depends upon company categorization | 2327 to 2595 |
| Bank #4 | 18.00%-18.5% | Upto 2.5%+Service Tax , as applicable | 12-60months depends upon company categorization | 2567 |
| Bank #5 | 11.49%-20.00% | Upto 2.5% of the loan amount, subject to a max of 25,000 INR and a mini of 1,000 INR | 12 -60 months depends upon company categorization | 2199 to 2650 |
| Bank #6 | 11.49%-22.00% | Upto 2.50% of the loan amount + Service Tax, as applicable | 24- 60 months depends upon company categorization | 2199 to 2762 |
| Bank #7 | 11.50-24.00% | Upto 2% + ST + Other levies | 12-60months depends upon company categorization | 2200 to 2877 |
| Bank #8 | 16.00% to 21.00% | Upto 2.5% of the loan amount | 12-60months depends upon company categorization | 2432 to 2706 |
| Other Banks | 17.25%-35.00% | Upto 6.5% of the loan amount | 12-60months depends upon company categorization | 2499 to 3550 |
Check your Personal Loan Eligibility
Most banks / NBFCs provide personal loans but have different eligibility requirements. There are, however, some criteria common to all financial institutions.
The eligibility criteria for the online approval of personal loans to employees and self – employed persons are:
Age: 18/21 years – 60/65 years
- Employment Type:
Salaried - Self-Employed professionals
Credit score: 750 or above with a good credit history
Minimum Net Income (Monthly):
- ₹15,000(non-metro cities)
- ₹20,000( metro cities)
Loan Amount: Up to ₹50 lakhs depending on the credit profile
Work Experience:
- Salaried
- Employed at current company for at least 6/12 months
- Self-Employed
- Business tenure of at least 3 years (continuous)
- ITR of last 3 years
The common documents required for personal loans are given below:
For employees
- Proof of identity & age
- PAN Card
- Proof of residence-Passport driving license, Voter ID, postpaid bill payment / landline bills (electricity / water / gas)
- Last 3 months (preferably your salary account) bank accounts
- Salary Last 3 months slips
- Form 16 or Income Tax Returns of last 3 years
For self-employed persons:
- Identity and age proof
- Fully filled in photograph
- Personal loan applications.
- PAN Card
- Residence proof-driving license for passports, Voter IDs, post-payment / landline bills, utility bills (electricity / water / gas)
- The last 3 months of the bank statements (preferably your wage account)
- Over the last three years, income tax returns with income calculation.
- CA Certified / Audited Balance and Profit & Loss Account Last 3 years.
Calculate your EMI / Month or year
EMI plays the most important factor when you are planning to apply for a personal loan. Whether the EMI fits into your monthly budget or not can help you decide on your personal loan. This is where an EMI calculator for personal loan can help you.
A loan calculator will help you to achieve the following results:
Monthly Payment – EMI you pay on monthly basis
Total interest payable – Total loan interest
Total amount to be paid – The total amount of the principal and interest
Interest rates for personal loans
Interest Rates Rage: 10.75% – 35%
Processing Fee: Differs from bank to bank
Loan Tenure: 12 months to 60 months
Loan Amount: ₹100000 – ₹50 lakhs
Pre-closure Charges: Differs from bank to bank
Getting personal Loan from any bank is quite easy!
Contact us for your personal loan needs
Maximum Annual Percentage Rate (APR)
| APR | 11.49 % to 22 % |
|---|---|
| Representative example of the total cost of the loan, including all applicable fees | Here is an illustration of the total cost of the loan: |
| 1. Total amount borrowed: Rs. 100,000 | |
| 2. Time period: 12 months to 60 months | |
| 3. Interest Rate: 11.49% to 22% | |
| 4. Processing Fee payable to: Upto Rs. 2,000 | |
| 5. Fee payable to MyLoanCare: NIL | |
| 6. Total Monthly Cost – From Rs. 2,337 for a months Rs. 100,000 loan at 11.49% (lowest rate, longest time period) to Rs. 9,359 for a 12 months Rs. 100,000 loan at 22% (highest rate, shortest time period). This is inclusive of principal repayment. | |
| 7. Annual Percentage Rate (APR) of charge including all applicable fees: 11.89% to 22.4% | |
| 8. Total cost payable over loan tenure: Rs. 14,313 for 12 months loan to Rs. 42,233 for 60 months loan. |
Personal Loan Team in Tiruchirappalli
Trichy is located in the South Indian state of Tamil Nadu and the Tiruchirappalli District’s headquarters. Trichy is the state’s fourth largest urban area. The city has a rich religious history and is an ancient area of great cultural importance. The city is divided into 60 districts with a large and diverse population for its present administration.
Total Cost of Loan Track Example
| Loan Amount Sanctioned | 2000000 |
|---|---|
| Processing Fees (rate as %age of Loan Amount) | 2.25% |
| Rate of Interest | 11.49% |
| Stamp Duty (Rs.) | 50 |
| Tenure in Months | 60 |
| Secure Fee (Deducted from Disbursement) | 999 |
| Service Tax @ 15% on Processing Fees | 6750 |
| EMI | 43975 |
| Processing Fees Amount | 45000 |
| Total Processing Fees (PF + Service Tax) | 51750 |
| Total Deduction (Charges) | 52799 |
| Net Disbursement Amount | 1947201 |
About Trichy & its city
Trichy is located in the South Indian state of Tamil Nadu and the Tiruchirappalli District’s headquarters. Trichy is the state’s fourth largest urban area. The city has a rich religious history and is an ancient area of great cultural importance. The city is divided into 60 districts with a large and diverse population for its present administration.
Tiruchirappalli is a major manufacturing and production center for engineering equipment in India. The city’s economy is based on trade and small-scale textile manufacturing industries. It is a well-known education centre, consisting of 45 arts and science colleges, 40 polytechnic colleges and 13 colleges such as the Anbil Dharmalingam Agricole College and Research Institute, the Anna University branch Tiruchirappalli, the Indian Information Technology Institute and many more. Sri Ranganathaswamy Temple, Rock Fort Temple, Jambukeswarar Temple, St. Lourdes Church, Kallanai Dam, etc. are the major tourist attractions in the town.
Trichy is also classified as India’s third cleanest city, preceded by Chandigarh and Mysore. Multiple banks and NBFCs in general have branches in Trichy’s vast city. Most of them provide full-service operations in the city that can provide services for customers with personal and business credit requirements. They also offer a whole range of services including core banking, business lending, asset management, investment etc.
When you apply for personal lending online at Trichy, we will not charge any fees or commission from your amount via us. We make sure your personal loan in Trichy gets the best deal by comparing your information with the eligibility criteria of different banks and NBFCs. Check out our different EMI calculator, CIBIL calculator and Eligibility calculator sections for details on how the lowest personal loan interest rates in Trichy can be obtained.
We assist processing requirements in all areas of Trichy City. Instant personal loan approvals in Trichy are available online provided that you meet the appropriate criteria for a bank or NBFC. Each step is completed with documents collected from your doorstep. Personal loan agents in Trichy help you to apply for a limited number of banks and you may not be the best deal for personal loans.
Why should you choose personal loans with Press4loans.com in Trichy?
- Get lowest personal loan interest rates
- Get quotes and e – approvals right at your doorstep
- No need to visit the bank branch.
- Compare multiple bank deals and e – approvals Loans paid in 72 working hours*
Best Personal loan deals in Trichy
- Compare exact EMI, Processing fee and Checklist of documents before choosing the bank.
- Never pay a person any fee for the sanctioning of a loan. The processing fee shall be deducted from the amount of the loan.
- Only give documents to one bank and verify whether it is an employee or vendor authorized by the Bank.
- To receive more bank loan –pay regular credit card bills or payments, and use these steps to increase your income, you receive more and more private loans from the bank.
Personal Loan FAQs:
Whether it’s wedding charges, home renovation or a health emergency, a personal loan may be your answer to the immediate financial needs since it’s easy to get, quick in payments and doesn’t require collateral.
The best personal loan varies from borrower to borrower. A credit profile contains credit, monthly income, employer, type of job and so on. All the factors mentioned above are considered to be the best personal loan.
You must fulfill the following eligibility requirements to receive a personal loan:
Age: 18/21 years – 60/65 years
Employment Type:
- Salaried
- Self-Employed professionals
Credit score: 750 or above with a good credit history
Minimum Net Income (Monthly):
- ₹15,000(non-metro cities)
- ₹20,000( metro cities)
Loan Amount: Up to ₹50 lakhs depending on the credit profile
Work Experience:
- Salaried
- Employed at current company for at least 6/12 months
- Self-Employed
- Business tenure of at least 3 years (continuous)
- ITR of last 3 years
When deciding on your credit score, personal loans play an important role. The effect of missing an EMI personal loan on your credit score may be adverse. One of the reasons for the same is that personal loans in nature are unsecured.
Personal loan approval has become instantaneous due to digitization. However, due to the documentation process, the disbursement could take 5 – 7 days.
There are no things like best personal loan. Each borrower must find the lender best suited to his / her needs. To do this, you can either offline compare the different lenders or apply to platforms like Press4loans that help you select the lender according to your needs.
Naturally, you can early pay off a personal loan. This is known as a personal loan prepayment.
The rate of interest on a personal loan ranges from 10.75% to 35%, which varies from lender to lender.
When examining a personal loan application, banks consider the following factors:
- Age
- Income on a monthly basis.
- Score of credit
- History of credit
- Documents
The best interest rates for personal loans depend on a customer’s credit profile. A client must have a good credit score, a consistent source of income, should be paid / self – employed in order to get the best rates.
The minimum wage for obtaining a personal loan is about ₹15,000 non – metro towns and about ₹20,000 for metro towns.