Explore These Lenders To Get Personal Loan In 2021

During the pandemic, many families have face hardships. To make things easy one could avail of a personal loan. These loans are available without any collateral with a quick process. However, choosing a good lender is a difficult task.

So, here are few lenders we wanted to suggest. You can check out their details to take a decision. Muthoot Finance personal loan 2021 and Bajaj Finserv personal loan are the focus here. Now, let’s dive right into these lenders.

Muthoot Finance personal loan 2021

Muthoot Finance personal loan 2021 is available for both salaried individuals and self-employed professionals.

• The loan amount is offered from Rs 50,000 to Rs 15 lakhs.

• The personal loan interest rate starts at 14.50% onwards.

• The loan tenure is up to 5 years.

• The processing fee is up to 3.5% of the loan amount.

• The lowest EMI is Rs 2,327 per lakhs.

• The loan cancellation charge is Rs 5,000.

• The pre-payment charge is up to 6% of the outstanding loan amount.

• The interest foreclosure charge is 2.5% of the loan amount.

• The re-scheduling charge is 1% of the loan amount.

• The late payment charge is 2%.

• The cheque bounce charge is Rs 1,000.

• The Cheque swapping charge is Rs 750.

What are the eligibility criteria for Muthoot Finance personal loan 2021?

• The age criteria Are between 23 years and 60 years of avail of the personal loan.

• Muthoot Finance personal loan 2021 is available for both salaried people and self-employed professionals.

• The income requirement is Rs 20,000 per month.

• The lender may or may not demand collateral depending upon your CIBIL score.

Types of Muthoof Finance instant personal loan 2021

• Personal loan for landlords

• Personal loan salaried and self-employed personal

• Personal loan for Muthoot employees

Documents requirement for Muthoot Finance personal loan 2021? Muthoot Personal loan will need these documents.

• Proof of Identity – Aadhar card, PAN card, Driving license

• Proof of Address – Rent agreement, utility bill, electricity bill, telephone bill

• Proof of income – Form 16, Bank account statement, Salary slips

• Proof of Business – Practice Certificate, Partnership deed, Shop act license

How to apply? To apply for the Muthoot Finance personal loan 2021, you can visit Afinoz.com. It's a marketplace for a personal loan. Sign up, from there follow the steps.

Bajaj Finserv Personal Loan Bajaj Finserv personal loan is the second lender you should check out. It offers a great on its personal loan.

• The loan amount is offered up to Rs 25 lakhs.

• The personal loan interest rate starts at 12.99% per annum.

• The processing charge is up to 3.99% of the loan amount.

• The EMI Bounce charge is Rs600.

• The loan tenure is up to 5 years.

The eligibility criteria

• The age criteria are from 23 years to 55 years.

• The person should be a salaried individual or self-employed professional.

• The salary should be at least Rs 25,000 per month.

• The applicant should be an Indian resident.

Documents required for Bajaj finserv personal loan You will need to submit these documents for the personal loan.

• Identity proof – Aadhar card, PAN card, Voter ID card

• Address proof – Utility bill, rent agreement

• Income proof – ITR, salary slips, and bank statement for the last 6 months

How to apply? To apply for this lender personal loan, head to Afinoz.com. You can begin the process. Do prepare all the documents before you apply. Conclusion

As we can see, both lenders offer a quite personal loan deal. You will not have any issues while applying for the loan. However, do make sure, which lender you want to go with before beginning the process.