Quick and easy approval for Personal Loans in Agartala CreditMantri matches your credit and demographic profile to lender's Personal Loan lending criteria - others just match your demographic criteria. We shortlist lenders willing to lend to you Personal Loans in Agartala, based on our proprietary matching algorithm.
In effect, we pre-screen your application to make sure you are likely to qualify as per the lender’s credit criteria. We upfront check whether you qualify for Personal Loan in Agartala Hence the chances of your Personal Loan application getting approved is higher. We even try our best to help people with low CIBIL Score, get a Personal Loan in Agartala.
Do you live in Agartala? Are you looking for a suitable personal loan and wondering what your options are? Read on!
A personal loan is an unsecured loan, meaning it is sanctioned without the customer providing any collateral or security. Thus, the interest rates of personal loans tend to be on the higher side, making it one of the costliest loans in the market.
The end use of the loan could be anything—it has complete flexibility of end use—unlike many other kinds of loan. The borrower has full freedom to use the money for any purpose they want – for example, take a vacation, fund a child’s wedding, medical emergency purposes, expansion of business, etc. Some lenders offer personal loan for people with low credit score, though on very unfavorable terms and conditions - like a very high interest rate.
Almost all major banks and NBFCs offer personal loans in Agartala. Many banks and lenders allow you to apply for a loan online, even if they do not have a presence in Agartala. With a personal loan, you have the freedom to use the money in any way you want.
A personal loan in Agartala also doesn’t require any collateral (this may depend on your creditworthiness—a few banks might ask for a guarantor, or a token security of some sort). But mostly, banks offer personal loan in Agartala without any collateral / security, meaning you are not required to provide any security to the lender in the form of cash, shares or any other assets. This might make it more attractive to some customers who may not be able to raise the cash required as collateral.
For salaried / self-employed professionals:
The documents required is pretty basic: Address proof, identity proof, 6 months / 3 months bank statements etc. For professionals, your degree certificate might be requested for. Following are an overview of the documents generally asked while applying for a personal loan in Agartala:
Banks, NBFCs and other finance companies offer personal loans at competitive interest rates if you have a very good CIBIL score. The lowest interest rate for personal loan in Agartala could range anywhere from 11% p.a. and can go up to as high as 30% p.a. or higher depending on your credit score and other factors.
Where can I apply for a personal loan in Agartala?
Banks and NBFCs like HDFC, ICICI, CitiBank, SBI and so on offer personal loans wherever you live in India.
Are NRIs eligible to apply for a personal loan in India?
Yes, but the banks will have rules and regulations pertaining to NRIs. It is best to contact the bank directly before applying.
Who can apply for personal loan?
Salaried individuals, self-employed professionals and business people can apply for personal loan.
How much loan amount can one borrow?
How much you can borrow depends on your net annual income, existing loan obligations, the company you work for, your repayment capacity and other parameters.
What are the tenure options available?
Convenient repayment options are available with tenure generally ranging from 12 to 60 months.
How will I repay my Personal Loan?
You can repay your loan in a convenient, easy, and hassle-free way through EMIs.
What is EMI?
EMI is Equated Monthly Instalment. It is the amount which you will be paying on a monthly basis to repay your personal loan amount over a stipulated period of time.
How do I calculate EMI?
You can use any online Personal Loan EMI Calculator to calculate the EMI that you might be paying each month towards the loan. To use the online calculator, you will have to input the following:
You will get the resulting (approximate) EMI amount which you must pay each month towards servicing the loan. You can also use CreditMantri’s handy calculator in order to plan your finances and decide what kind of loan you can afford.
What are the options through which I can pay my EMIs?
EMI can be paid through the following easy options:
I need cash as soon as possible. How long will it take for my Personal loan to be approved?
Once you have submitted the completely filled in application form with all the required documents, it generally takes approximately 10 working days for the bank or NBFC to notify you about the loan decision.
Do I need to pledge collateral or security in order to avail a Personal Loan?
Generally, you do not need to pledge any collateral or security for availing a Personal Loan.
Is there an option to prepay my Personal Loan earlier? What are the charges associated with it?
Generally, you can prepay the Personal Loan after having paid 6 EMIs with the applicable pre-closure charges.
You can apply directly online at the bank/ NBFC's website;
You can go in person to the branch to apply for a loan;
Need help? Alternatively, if you think you need help with your loan application process and advice on loan eligibility, CreditMantri can guide you and match you with the loan offer that best suits your profile.