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A Personal Loan can Fund your Next International Vacation

Aman Khanna
 


Visitors: 150

Pune is an Information Technology and automobile hub. Young professionals have made Pune their home. To break the routine of the 8 to 8 job, a vacation is your best bet. An exotic location like the cool Swiss Alps to beat the summer heat is a treat indeed.

Your Swiss holiday can now be planned with a little help from a Personal Loan in Pune.

Getting a Personal Loan

Getting a Personal Loan is pretty quick and easy. From your workstation, you can apply online for Personal Loan in Pune. Calculate your Personal Loan eligibility in Pune and provide the documents required for Personal Loan in Pune. In a matter of 24 hours, you can get the Personal Loan.

Your eligibility for a Personal Loan is dependent on a number of factors. These include your salary, the company you work for, your employment history, your credit score and work experience.

Working for an established company indicates your job security, making you eligible for a Personal Loan. Banks also look out for your employment history. They check how frequently you jump jobs, and your current earnings. This is how they decide whether to offer you a Personal Loan.

Calculating your Personal Loan eligibility

A Personal Loan eligibility calculator can be used to know what is the quantum of Personal Loan you’re eligible for. The calculator factors your current income and your outstanding liabilities. It then gives you loan amount you qualify for.

A lot depends on your credit history. A poor credit score can adversely impact your chances to get a Personal Loan. It is also a common practice to apply at multiple banks for a loan. Let’s say one bank rejects your loan application. This can prove to be a dark spot on your credit history. It can actually affect your prospects of getting a loan from elsewhere.

The Personal Loan: An Unsecured Loan

A Personal Loan is an unsecured loan; that is, you can get the loan without any collateral. Hence the interest rates on Personal Loans are high.

How much of Personal Loan you can get is dependent primarily on your income and credit score. The minimum salary required for Personal Loan in Pune is Rs.1.44 lakhs per annum. Additionally, you need to have a good credit score (750+).

Documents required for a Personal Loan in Pune

Whether, you’re salaried or self-employed, you’re eligible for a Personal Loan. The following documents are required when applying for a Personal Loan.

Salary slips
Identity proof
Address proof
Bank statements of the past 3 months or 6 months ( as required by the bank)
Guarantors and their particulars

In case, you’re self -employed you need to provide your annual financial statements of account; Profit & Loss Account and Balance Sheet.

You can put a Personal Loan to use for just about anything. Vacations, buying a second hand car, paying medical bills, : the list is endless. No questions are asked as to how you plan to use the loan. Just make the EMI repayments on time, and you could have fun skiing in the Swiss Alps.

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