Ahmedabad is one of the fastest-growing cities in the country. The job opportunities being created here with the rise of new industries is inviting people from all over the country. Naturally, the cost of living here will be a bit higher compared to most of the other places. This might create a need for you to get your hands on personal loans in Ahmedabad.
Getting personal loans in Ahmedabad has become quite easy as both banks and NBFCs are offering great benefits to the borrowers. With an NBFC, you can add more benefits in your name which banks generally do not provide.
Steps Involved In Getting A Personal Loan Without Documents
Also, the steps involved in getting personal loans in Ahmedabad is very simple and easy. You can use the online method to get the loan and the process will become even more convenient. They go as given below:
- Download the app of the lender from whom you want to get the loan.
- Click on the apply section
- You will have to provide relevant details for the loan application such as your name, address, marital status, income details, etc.
- Once the application has been submitted, your lender will provide you the maximum loan amount up to which you can apply.
- Then select the loan amount of your choice.
- Select the tenure and EMI for your loan.
- Upload your passport size photo and other necessary documents online such as Aadhar card and PAN card. There is no need to submit hard copies of the documents anywhere.
- Enter your bank details in which the loan amount will be debited as well as from where the EMI will be deducted each month.
- A verification process will then be initiated and as soon as it is done the loan amount will be sanctioned to be sent to your bank account.
With these simple steps, you can get an instant loan in Ahmedabad.
Benefits Of Personal Loan
There are several benefits of getting personal loans in Ahmedabad:
People generally take loans to cover up for some immediate expenses. In that case, getting a loan amount after a week or so will not be that efficient. With the online option, you can get the loan amount as soon as the verification process is completed which also does not take long.
Most banks provide loans by taking in your assets as collateral. With the option of a personal loan, you do not have to worry about assets. You can get the loan amount just with the help of your credit score and monthly income. Hence, even if you fail to make the payment on time your asset will remain safe.
One of the major advantages of getting personal loans in Ahmedabad is that you can use them for a variety of purposes. Whether it is to fund your educational expenses or for some medical emergencies, you can just use the personal loan amount to serve any end.
The only facility gives you the advantage of cutting through most of the paperwork. You can save your precious time by not filling in a number of documents. Only the essentials are needed. The lower the paperwork the more efficient is the process of getting a personal loan.
The eligibility criteria for getting personal loans in Ahmedabad is simplistic as well.
You have to be above the age of 18 to get the loan. The maximum age limit corresponds to 65 years. Although, for some lenders, the minimum age limit is 21 years or more.
You have to be a salaried individual or at least self-employed to get the loan.
The requirement for minimum monthly income varies from lender to lender. But for most of them, it falls between Rs 15,000 to Rs 30,000.
If getting personal loans in Ahmedabad was in your mind for some time then just go ahead. The process has become much simpler and convenient to get the loan instantly.