Silchar, situated in Assam, India, is a cultural and economic hub. Known for its tea gardens and diverse population, the town combines traditional charm with modern amenities. Silchar is a prominent educational center and has a rich history reflected in its landmarks like ISKCON Temple and Maniharan Tunnel, attracting visitors.
Personal loan in Silchar
In Silchar, obtaining a personal loan involves contacting local banks or financial institutions. Essential documentation, such as proof of income, identity, and address, is required for the application. Loan terms, interest rates, and amounts depend on individual creditworthiness. Comparing offers helps in selecting the most suitable personal loan option in Silchar.
Features and benefits of personal loan in Silchar
Personal loans function as a financial tool, providing individuals with a lump sum amount for a variety of needs. The following highlights the personal loan features and benefits in Silchar:
Minimal documentation
Our streamlined personal loan application reduces the required documentation, simplifying the borrowing process and saving time. Documents such as income proof, address proof, and KYC are required while applying for our personal loan.
Flexibility in usage
Our personal loans provide versatility of usage of funds, enabling borrowers to utilise funds for weddings, home improvement, education, or unexpected expenses to suit their individual needs.
Quick approval
Bajaj Finance Limited offer loas with simple personal loan application process, with minimal documentation requirements, with quick access to funds, up to Rs. 40 lakh, within a day of approval. This proves especially beneficial in emergencies or situations demanding prompt financial assistance for the borrowers.
No collateral
Our personal loans are unsecured, eliminating the need for borrowers to pledge collateral like property or assets, ensuring accessibility for a broader range of individuals.
Flexible tenure options
Borrowers can choose a repayment tenure that ranges from 12 months to 96 months, aligning with their monthly budget. This benefit provides ease, guaranteeing that the monthly payments stay within a manageable range for the individual borrower.
Eligibility criteria of a personal loan in Silchar
Once you meet the straightforward eligibility criteria outlined below, you are eligible to apply for our personal loan in Silchar
- Nationality: India
- Age: 21 years to 80 years*.
- Employed with: Public, private, or MNC.
- CIBIL Score: 685 or higher.
- Monthly salary: Starting Rs. 25,001, based on the city you live in.
*You should be 80 years* or younger, at the end of the loan tenure.
Documents required for a personal loan in Silchar
The necessary paperwork for a personal loan in Silchar can differ based on the lender. To apply for a Bajaj Finance Personal Loan, the following documents are required:
- KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register
- PAN card
- Employee ID card
- Salary slips of the last 3 months
- Bank account statements of the previous 3 months
How to apply for a personal loan in Silchar?
Apply for a Bajaj Finance Personal Loan in Silchar by following the steps mentioned below:
- Navigate to our website's personal loan section and select 'APPLY.'
- Input your 10-digit mobile number and OTP for verification.
- Complete the application form with the basic information.
- Click 'PROCEED' to access the loan selection page.
- Specify your desired loan amount and choose from our three personal loan options – Term, Flexi Term, and Flexi Hybrid.
- Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’.
- Complete your KYC and submit your loan application.
Opting for a Bajaj Finance Personal Loan provides financial flexibility to meet various needs. With minimal documentation and a straightforward application process, personal loans offer quick access to funds. They are versatile, enabling borrowers to address diverse expenses, and often come with competitive interest rates and structured repayment plans, ensuring financial convenience.
Apply now and get the best deal on our personal loan with very few documents.
