How to Apply for personal loan online ? | Rokdabazaar
Apply for personal loan online : Need quick cash for an unexpected financial emergency? address Rokdabazaar Personal Loans to cover your immidiate financial requirements. we offer Personal Loans for a spread of reasons including marriage, education, home renovation, travel or maybe medical needs. With interest rates starting at 10.99 attempt to tenure up to 72 months, you’ll find all of your desires accessible . you’ll rise up to ₹ 25 lakhs of private Loan just by either lecture our representatives, visiting a close-by branch or through the web application. we’ve made the method of obtaining a private Loan simple and versatile for you to urge quick access to money when you’re in need.
Multipurpose Personal loan
No matter what the occasion is, we’ve the proper consumer loan offering for you. Be it for weddings, higher studies, travel or the other purpose.
We don’t invite any collateral or security for private Loans.
Need extra money? We allow you to withdraw additional funds up to an agreed limit. Interest is charged only on the quantity you employ.
Zero charges on Part Pre-Payment
You can pre pay a part of the loan any time after 6 months of availing a private Loan with none penalty or additional fee
Why do you have to take a personal Loan?
The following are the various reasons for taking a personal loan –
- Multi-Purpose Loan – Personal loans are multi-purpose loans which will be used for funding various expenses as per the borrower’s discretion, from unexpected expenses to major life events like a marriage
- No Collateral Required – Since personal loans are unsecured loans that don’t need any assets as collateral, authorization takes lesser time
- Meeting Unplanned Emergencies – In cases where urgent funding is required, easy personal loans act as a safety net
- Organising Your Outstanding Debt – If you’re being crushed under the heavy weight of credit-card dues, you’ll take a moment consumer loan for debt consolidation
When are you able to Take a personal Loan?
Personal loans are notable for his or her versatility and may meet a number of needs and dreams. Here are a couple of situations that you’ll avail a private loan –
- Travel – a personal loan can assist you take the dream vacation that you simply always wanted and check things from your bucket list
- Medical – just in case of medical emergencies that decision for urgent funding, easy personal loans are your ideal aid
- Education – Nothing should substitute the way of your child’s quality education. Quick personal loans will assist you give your child the education facility they deserve
- Wedding –A consumer loan can assist you have the dream wedding you usually wanted
- Home Renovation – Fulfil your dream of revamping your home precisely the way you wanted with a moment personal loan
The process of getting a private loan from Rokdabazaar is fast, easy, and hassle-free –
- Step 1 – Fill during a simple form. are often done offline or online
- Step 2 – Submit or upload the documents required for authorization
- Step 3 – Rokdabazaar will verify your documents and credit history
- Step 4 – Once done, we’ll send you the approved rate of interest and loan tenure for acknowledgement
Personal Loan Eligibility
Apply for personal loan online: You need to cover some basic conditions to be eligible for a personal Loan. a number of the overall personal loan eligibility factors are meeting the monthly income criteria of Rs 15,000 while being a minimum of 22 years aged . to urge your loan approved swiftly, you’ll be asked to supply the subsequent details:
Your personal details including your PAN number, CIBIL score & KYC documents.
Copies of your pay slips, address proof and bank statements.
Documents Required for personal Loan
The following are the documents required for personal loan with Rokdabazaar –
- Photo Identity Proof documents
- Income Proof documents
- Salary Slips
- Address Proof documents and
- Employment Certificate
Personal Loan EMI Calculator
Personal Loan EMI calculator helps you calculate the EMI that you simply got to pay towards the principal payments and interest payment over the loan tenure. Use the EMI calculator to understand what proportion money you’ll pay monthly over a period of your time that’s comfortable for you. With the assistance of our consumer loan EMI calculator, you’ll plan your monthly installments and conveniently pay off the loan.
What are the EMI Options Available on Personal Loan?
The standard EMI option under personal loans is one during which you get the liberty to pay off your principal loan amount inclusive of interest consistently on a monthly basis. Here, the interest is charged on the entire principal amount that was borrowed.
Flexi Interest-Only Loan EMI
A flexi interest-only EMI option offers a pre-approved cash limit which will be withdrawn as and once you are in need of funds. Here, the interest are going to be charged only on the quantity used and not on the entire principal amount borrowed.
Step-Up Flexi Loan EMI
A step-up flexi EMI option in consumer loan is one which offers greater flexibility. Under this plan, you’ll pay lower EMIs within the beginning and pay more gradually as your salary hikes.