Personal Loan Cuddalore

Apply Online For Personal Loans in Cuddalore At Lowest Interest Rates

Personal Loan in Cuddalore

Personal loans in Cuddalore are financed by P2P loans from Press4loans across India. They are unsecured Rs. 20,000 to Rs. 1,50,000 loans, so you don’t need to mortgage anything or show any assets. Some of the reasons why Cuddalore has a Personal Loan include medical needs, travel, refurbishing, wedding, good shopping, etc. Another reason a loan can be used is to obtain a supplementary loan, balance transfer or debt consolidation.

If you need a Cuddalore Personal Loan, you have a good history of credit and sufficient salary to obtain a Press4loans personal loan in Cuddalore. Other factors such as years of work, company for which you work will determine the main factors, such as the quantity, tenure and interest rate.

Credit Score , Tenure & EMI

Three factors that determine the personal loan Interest repayment and EMI on month.

Salary requirements for Cuddalore personal loans

The wage requirements in the use of a personal loan in Cuddalore 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.

how can we help you?

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.

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Divya S
Sales & Marketing, TixeGeek

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

  1. Employment Type:
    Salaried
  2. Self-Employed professionals

Credit score: 750 or above with a good credit history

Minimum Net Income (Monthly):

  1. ₹15,000(non-metro cities)
  2. ₹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

  1. Proof of identity & age
  2. PAN Card
  3. Proof of residence-Passport driving license, Voter ID, postpaid bill payment / landline bills (electricity / water / gas)
  4. Last 3 months (preferably your salary account) bank accounts
  5. Salary Last 3 months slips
  6. Form 16 or Income Tax Returns of last 3 years

For self-employed persons:

  1. Identity and age proof
  2. Fully filled in photograph
  3. Personal loan applications.
  4. PAN Card
  5. Residence proof-driving license for passports, Voter IDs, post-payment / landline bills, utility bills (electricity / water / gas)
  6. The last 3 months of the bank statements (preferably your wage account)
  7. Over the last three years, income tax returns with income calculation.
  8. 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

how can we help you?

Contact us at the Consulting WP office nearest to you or submit a business inquiry online.

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.

placeholder
Divya S
Sales & Marketing, TixeGeek
Apply your Personal Loan needs Online
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 Cuddalore

Press4loans in Cuddalore give you the flexibility to pre-close the loan at no extra cost. Most banks have a 4 percent–5 percent pre-closure charge. Cuddalore is called fishing city and is located in Tamil Nadu, the southern Indian state. It is one of India’s largest fishing towns. The early history of Cuddalore came when the Pallavas and Medieval Cholas first ruled it. After the fall of Cholas, different dynasties such as Pandyas, Vijayanagar, etc. dominated the city. The municipality consists of 45 quarters, and for each of those quarters, the elected councilor is led by an elected chairman.

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 Cuddalore & its city

The main economic source is fishing, port-related, chemical, pharmaceutical and energy industries and agriculture. Cuddalore has a number of educational institutions, schools and colleges, including Krishnasamy Memorial Engineering College, Jayaram Engineering College, Krishnasamy Memorium, Padaleeswarar Polytechnic College and ITI.

Cuddalore is a lovely tourist resort known for its natural beauty and beaches that attract tourists all year long. Among them are Pichavaram, Silver Beach, the Garden House, the Padaleeshwar Temple, Natrajar Temple and the Government Museum. Apply for personal loans in Cuddalore online and, where available, have access to various offers and deals from different banks and NBFCs. You can contact us on our number, or you can fill in your details on our simple form if you want to know how to get a personal loan from Cuddalore.

Loan approval process in cuddalore

We will log your request and compare your information to the eligibility criteria of the various banks and NBFCs to make the best deal for your personal credit in Cuddalore. Instant personal loan approval in Cuddalore is also available online if your details correspond to the ideal banking / NBFC requirements. With more and more personal loan agents in Cuddalore, finding out which deal meets your exact requirements can be rather confusing. With our interactive service, we help you to compare and achieve the lowest rates for personal loans in Cuddalore.

The full service is supplied with documents collected from your home, office or suitable location at your convenience. Learn more about EMI, eligibility, interest rates, credit score and other areas on our website. Check your eligibility via our different computers and get the best deal in Cuddalore for your personal loan. We do not charge you for our services and every step of the way from application to disbursement will be advised free of charge. If you want to find out which bank in Cuddalore is best for personal loans, please click on the online application link and feed your eligibility.

Based on the factors we present the banks that best suit your needs. There are no criteria for the bank that is best suited to personal loans in Cuddalore, because you are eligible to receive a low interest rate. Before advancing a loan, banks will consider your CIBIL score, employment, salary and other factors. If you do not have a loan value and need a personal loan at Cuddalore without a CIBIL check, this platform allows you to reach private and individual lenders. We provide a platform that combines different types and categories of loan to meet each requirement.

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:

  1. Salaried
  2. 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:

  1. Age
  2. Income on a monthly basis.
  3. Score of credit
  4. History of credit
  5. 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.

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