Personal Loan in Siliguri – lowest interest rates and no collateral required

The Gateway of Northeast India, Siliguri is a modern city in West Bengal famous for its tea, timber, and tourism. Due to its location connecting three international borders of Nepal, China, and Bangladesh, Siliguri has emerged as an important trading hub. This city is taking rapid strides in terms of economic growth, which has paved the way for a lot of business and employment opportunities. In times of need, a personal loan in Siliguri can come in extremely handy. 

Hence we are here to help you to obtain a personal loan in siliguri in the easiest and fastest way possible with minimal documentation and the lowest interest rates in the region.

What is a personal loan?

Personal loan is a type of unsecured credit which is provided by financial institutions to its consumers. Unlike car loan or property loan personal loan is a multipurpose loan and can be used for various different objectives such as paying back debt, vacation or to meet wedding expenses etc. 

Interest on personal loans – 

 The interest on personal loan ranges anywhere from 10% to 50%. It is highly variable as it depends upon the credit score of the consumer if the consumer has a credit score of more than 750, he’s likely to get a lower interest rate and the processing time of the loan is expected to be faster for him. Personal loan can be availed to an amount up to 5 Lack rupees and can be repayable up to a period of 60 months 


High Loan Amount :

Financial institutions in Siliguri, provide personal loans in the range of Rs 50,000 to Rs 5,00,000, whether you are a salaried or self-employed individual.

Attractive Interest Rate :

 Personal loans in Siliguri are offered at affordable interest rates, which can be easily handled by salaried as well as self-employed individuals.

Collateral Free :

Availing a personal loan in Siliguri comes with no strings attached as it requires no collateral as security, thereby increasing the chances of faster approval.

Flexible Repayment Tenure :

Since the repayment period can range from 12 months to 60 months , a personal loan provider in Siliguri, borrowers get to enjoy great flexibility and can plan their EMIs based on their current living expenses.

Instant Approval :

Personal loans in Siliguri are collateral-free, and hence, require very few documents. Financial institutions offer instant loan approval on personal loans if an applicant meets the eligibility criteria and submits valid documents.

Eligibility Criteria for Personal Loan in Siliguri:

  • A personal loan in Siliguri can be availed by meeting the eligibility criteria mentioned below.
  • An Indian citizen who is at least 21 years of age and not more than 58 years.
  • A professional who gets a salary must be employed at a company for at least 6 months.
  • A self-employed professional should be running his business for a minimum of 2 years.

An applicant must have a monthly income of Rs 15000 or more to avail a personal loan in Siliguri.

Documents Required for Personal Loan in Siliguri:

  • A completely filled personal loan application form along with a PAN copy should be uploaded online
  • A passport size photograph with the recommended KYC documents such as identity proof, residential proof, income proof must be furnished by both salaried and self-employed applicants to be eligible for a personal loan in Siliguri.

Bank statements of the previous 6 months must be submitted as income proof by both salaried and self-employed applicants.

Conclusion   In the end we can say that personal loans are one of the most flexible loans that can be availed by a consumer. Banks provide this facility so that consumer can use this money responsibly. At the end of the day this is also a loan which needs to be repaid back with interest hence it is advisable to only apply for a personal loan when required or in a need of emergency. Also, if there is a specific loan available for the specific purpose of the consumer the consumer should not avail a personal loan.

By jamesmonica839

I am a blogger and I am managing diferent sites with unique contetnt, I publish new daily content on my sites you can visit or sites. Read Our Job Portal site latest Govt jobs Read more Pak Army Jobs Read more, Food Authority Jobs Read more, Levies Force Jobs Read more, University Jobs In Lhore Read more, NTS Jobs Read more, School education department Jobs Read more, Punjab Police Jobs Read more, Ministry of Defence Jobs Read more, NLC Jobs In Pakistan

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