Personal Loans in Baroda
The Personal loan in Baroda is one of the most popular financing options. This city has many lenders including top banks and non-banking financial companies (NBFCs) that provide best-in-class personal loans at best interest rates starting from 10.75% with flexible tenure and easy EMIs.
The most common reasons for applying for a Personal loan in Baroda
• A Personal loan is obtained for various purposes such as paying off medical bills, home renovation, wedding expenses, personal durable goods, travel expenses, or any other financial emergencies.
• If you want to pay off multiple unpaid loans by opting for debt consolidation or Personal loan balance transfer.
Special features:
• Loan Amount Eligibility: Rs 25000- Rs 25 Lakh
• Easy and simple loan application
• Flexible loan Tenure- 1- 5 years
• Low-interest rate loans with several attractive features
• Minimal documentation
• Easy EMIs
Eligibility criteria to apply for a Personal loan in Baroda
Nationality: Must be the resident of India
Age – Minimum age is 21 years, and the maximum is 60 years
Credit Score: You should have a good credit score, 700 or above
Monthly Income requirement: Rs 15,000 per month
Work Experience
Salaried
Employed at the current company for at least 6/12 months
Self-Employed
• Business tenure of at least 3 years (continuous)
• ITR of last 3 years
You can also check your loan eligibility by visiting our website. Moreover, we have an efficient personal loan EMI calculator which will help you get an idea of how much loan amount you should borrow. Further, you can also benefit from our free credit report service before applying for a loan which gives an in-depth analysis of your credit history.
Documents Required for Personal Loans in Baroda
For salaried / self-employed professionals:
Valid Identity Proof - Passport, Driving License, Voter ID Card, Aadhar Card, PAN Card (any one document to be submitted)
Valid Address Proof – Lease/Rent Agreement, Passport, Driving License, Ration Card, Utility bill (not more than 3 months old), Bank Statement
Income Proof Documents – Last 6 months salary slip and latest Form 16
Bank Statements: Past 6 months bank statement with salary credit
Continuity of employment proof, like offer letter, relieving letter, etc.
For the self-employed and those into business, the following might be requested for in addition to the above-mentioned documents.
• Degree Certificate / educational documents for self-employed professionals.
• Proof of business existence
• Last 3 years Income Tax returns (self and business)
• Last 3 years Profit /Loss and Balance Sheet, duly attested by a CA
• Any other documents as directed by the Bank or NBFC
How IndiaLends can help in getting a Personal loan in Baroda
IndiaLends is a one-stop solution for all your financial needs. We try to provide you with the best services that are hassle-free and quick in nature. For personal loans in Baroda, we provide you with a comparative analysis of what different banks are offering and help you in picking up the best.
Here are the main benefits of availing of Personal loan in Baroda
• Convenience
• 100% transparency
• Real time customer support
• We get you the lowest interest rate loan offers from multiple Banks and NBFCs
• Compare offers online
• We handle everything for you ranging from documentation to disbursal.
Our experienced financial team takes care of your credit needs and finds a good personal loan offer for you. We evaluate your profile and match them against the eligibility criteria of various financial institutions. After the careful analysis of available offers, we pick the best proposal for you
Instead of visiting a bank, natives of Baroda can take advantage of the online services of FinTech companies like IndiaLends. Our services are completely free, and you can get some of the best personal loan offers in Baroda.