Concepts In Personal Loan

personal loan

1. What Is Personal Loan?

2. Features & Benefits for Personal Loan

3. Personal Loan EMI Calculator

4. Types Of Personal Loan

5. Eligibility Criteria For Personal Loan

6. Documents/Checklist For Personal Loan

7. Interest Rates For Personal Loan

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What is a Personal Loan?

Personal loan is a type of unsecured loan that is given to individuals for personal use. The borrower can use the money to pay for any expense, such as debt consolidation, home renovation, wedding, medical emergency, travel, festival or other types of expenses.The borrower should carefully consider what type of personal loan will work best for them before taking out a loan.

A3 Loans will connect you to many lending partners so you can get the best possible rates., and our experience team will take you through the process quickly. Pick from our list of Personal Loan Partners of Banks & NBFCs according to your criteria for quick approval and easy disbursement.

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Features & Benefits of a Personal Loan

  • No Collateral/Security Required
  • Loan Amount up to 50 lakhs
  • Flexible End Use
  • Tenure up to 7 years
  • Flexible Part/Pre payment Options
  • Minimal Documentation
  • Easy Approval
  • Quick Disbursal
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Personal Loan EMI Calculator

Types of Personal Loan

Weddng Loan
wedding loan
Wedding Loan

A wedding loan is a type of loan which is provided to the couple for their wedding. The purpose of this type of loan is to help them pay for the expenses associated with their wedding, such as catering, venue, and other big-ticket items. This can be an excellent option if you want to make sure you are able to enjoy your big day without any worries about how much it will cost. The lender will provide funds up-front or in instalments over time with interest rates that are often lower than what you would find on a credit card or personal line of credit. It’s important that you understand all aspects of this type of loan before making any commitments so that you can determine. For this, A3 Loans suggests taking a bank or NBFC to ensure easy personal loan approval.

• Loan up to Rs. 40 lakhs for wedding loan
• Repayment time up to 72 months
• Minimal documentation
• Low rate of interest
• Quick process and easy disbursement

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Travel Loan
travel loan
Travel Loan

A travel loan is a type of unsecured personal loan that can be used to finance a vacation or other travel-related expenses. The interest rates on these loans are usually lower than those on other types of financing, which makes them an attractive option for someone who wants to avoid the expense of putting down money for the tickets. For this, A3 Loans suggests taking a bank or NBFC to ensure easy personal loan approval.

• Loan up to Rs. 40 lakhs for Travel loan
• Repayment time up to 72 months
• Minimal documentation
• Low rate of interest
• Quick process and easy disbursement

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Medical Emergency Loan
medical emergency loan
Medical Emergency Loan

Medical emergency loans can be a lifesaver for those who need some quick cash to pay for a medical emergency. These loans are typically given in an emergency situation and can be used to cover any type of medical expense, such as hospital bills, ambulance charges and the like. The main benefit of these types of loans is that they help people avoid having to go into bankruptcy or getting their wages garnished. For this, A3 Loans is there to help you to get with best rate of interest and easy personal loan.

• Loan up to Rs. 40 lakhs for Medical emergency loan
• Repayment time up to 72 months
• Minimal documentation
• Low rate of interest
• Quick process and easy disbursement

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Home Renovation Loan
home renovation loan
Home Renovation Loan

A home renovation loan is a loan that is taken out to finance the cost of renovating or remodelling a home. This type of loan has many benefits, such as the ability to borrow more than what would be allowed for a mortgage and the fact that interest rates are generally lower than those for mortgages. You can borrow more than what would be available with a mortgage because it’s not an equity-based product. Interest rates on these loans tend to be lower than those for mortgages and other types of loans because they’re not secured against an asset. There are no prepayment penalties associated with this type of loan so you can pay off your balance early without any additional. Get easy Home renovation loan with A3 Loans.

• Loan up to Rs. 40 lakhs for Home renovation loan

• Repayment time up to 72 months
• Minimal documentation
• Low rate of interest
• Quick process and easy disbursement

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Education loan
education loan
Education loan

Education loan is a type of loan that is given to the students for their education. Education loans are usually offered by banks, credit unions, or other financial institutions. There are many lenders who offer personal loans to help with education-related costs. They're useful for everything from paying the cost of tuition for your child to assistance with other academics expenses.The cost of education continues to rise, and it's difficult for many people to cover the costs.

• Loan up to Rs. 30 lakhs for education loan
• Repayment time up to 180 months
• Minimal documentation
• Low rate of interest
• Quick process and easy disbursement

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Debit Consolidation loan/Balance Transfer
balance transfer
Debit Consolidation /Balance Transfer

Debit consolidation loans are a type of loan that can be used to consolidate all the different debts a person has into one. The goal of a debit consolidation loan is to help people who have multiple debts and are struggling with payments, by combining all the different debts they have into one single monthly payment. Debit consolidation loans usually do not require a person to give up any assets or equity in order to get the loan. This is an important feature for people who may not want to give up their home, car, or other personal property. Debit consolidation loans can help people get out of debt faster than they would on their own. They also allow people to save money on interest by paying off their debt more quickly than they would otherwise be able to do so.

• We Do all credit card, app loan, personal loan, consumer loan outstanding into one particular loan emi.
• Loan up to Rs. 30 lakhs for wedding loan
• Repayment time up to 72 months
• Minimal documentation
• Low rate of interest
• Quick process and easy disbursement

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Eligibility criteria for Personal Loan

  • Age Limit- Minimum 21 years to Maximum 58 years
  • Work status – Salaried Employee
  • Work Experience – Minimum 1 year
  • Salary- Minimum net salary Rs. 20,000/- and above, based on your working city.
  • Employment – MNC, public or private limited company(If proprietor/partnership, need PF statement or salary minimum Rs. 35,000/-)
  • CIBIL Score- Minimum 650 and above

The above-mentioned personal loan eligibility criteria are indicative in nature. Lenders have the discretion to relax or make the documents for a personal loan more stringent from one applicant to another.

Documents/Check list for Personal Loan

  • Adhar , Voter ID, Driving Licence, passport
  • Pan
  • Passport size photo
  • Latest 3 months payslips
  • Company id
  • Minimum 1 yr employment proof
  • Latest 3 months bank statement
  • Present address proof(adhar, voter id, driving licence, passport, HR letter, gas bill, rental agreement on Rs. 100 bond paper, postpaid bill).
  • Additional Documents: own house proof, balance transfer documents(latest 3 months credit card statements/loan account statements), Form 16 and PF passbook statement.(These additional documents are not for all, for required customers only)

The above-mentioned personal loan documents are indicative in nature. Lenders have the discretion to relax or make the eligibility criteria for a personal loan more stringent from one applicant to another

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Rate Of Interests For Personal Loan

Bank Name

Interest Rate

Processing Fees

HDFC Bank Ltd

10.25%

Min Rs. 999 Upto 2.50%

ICICI Bank

10.25%

Min Rs.999 Upto 2.25%

Axis Bank Ltd

10.25%

Min Rs.4999

Kotak Mahindra Bank Ltd

10.25%

Min Rs.3999

Yes Bank

10.49%

Min 1%

IDFC FIRST Bank Ltd

10.49%

Min 0.99% – Upto 2.00%

Tata Capital

10.49%

Min 2% – Upto 2.50%

   

IndusInd Bank

10.49%

Min 0.75% to Max 1.75%

Standard Chartered Bank

11%

Min 1%

Shinhan Bank

10.40%

Min 1%

Axis Finance Ltd

12%

Min 2%

Bajaj Finance Ltd

12.99%

Min 1.50% – Up to 3%

Fullerton

13.99%

Min 2%

HDB

14%

Min 1.5% – Upto 3.5%

Muthoot

14%

Min 2.50% – 3.50%

Hero

14%

Min 2.50%

Aditya Birla Finance Limited

14%

Min  2%

Loantap

15%

Min  1.50%

Incred Finance

18%

Min 3%

Finnable

20%

Min 3%

Paysense

20%

Min 3%

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+91 6304604703
A3Loans@gmail.com

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