Quick and easy approval for Personal Loans in Agra 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 Agra, 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 Agra 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 Agra.
Do you live in Agra? Wondering how to get a personal loan in Agra and what your options are? Read on!
A personal loan is an unsecured loan, whose end use could be anything ranging from a personal emergency, to debt consolidation, to funding a dream vacation or to recover from a job loss. Some NBFCs even offer personal loans for CIBIL defaulters in Agra, although on unfavorable terms and conditions like a high interest rate.
Since it is an unsecured loan, meaning it can be taken without offering any collateral or security, it is one of the costliest retail loans in the market. The interest rates could go up to as high as 30 %. Those who have a clean credit history can get a personal loan in Agra with lower interest rates.
Almost all major banks and NBFCs offer personal loans in Agra including Shriram Finance, Axis Bank, HDFC, Citibank, Fullerton, ICICI Bank, SBI etc. Many banks and lenders allow you to apply for a loan online, even if they do not have a presence in Agra. As mentioned before, you have the freedom to use the money in any way you want.
A personal loan in Agra also doesn’t require any collateral. However, 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 Agra 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 or have any asset required as collateral.
Personal loans in Agra for salaried, self-employed and business people are easily available. For the best personal loan offer, you can compare and find the best personal loan providers in Agra.
Well, it is not impossible, but certainly difficult to avail any kind of loan with bad credit. Having a bad credit score means availing of the loan at highly unattractive terms like a high interest rate. You might be also asked to pledge collateral as form of security. It’s best to improve your credit scoreto a healthy number ( of 750 or above) before applying for a personal loan, so you avail of better terms and are able to negotiate for the best interest rates.
Here are some of the general criteria for being eligible for a personal loan:
For salaried / self-employed professionals
The documents required are fairly standard: Address proof, identity proof, 6 months / 3 months bank statements etc. For professionals, your degree certificate / educational documents might be requested for. Following are an overview of the documents generally asked while applying for a personal loan in Agra:
Banks, NBFCs and other finance companies offer personal loans at competitive interest rates if you have a very good CIBIL score. CIBIL defaulters may get a loan but will find it difficult to obtain a personal loan with a low interest rate. The lowest interest rate for a private personal loan in Agra 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 criteria. You could apply for a personal loan through personal loan agents in Agra and avail of personal loan offers.
Where can I apply for a personal loan in Agra?
Banks and NBFCs like HDFC, ICICI, CitiBank, SBI and other finance companies 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 if you are an NRI.
Who is eligible to apply for a personal loan in Agra?
Salaried individuals, self-employed professionals and business people can apply for personal loan in Agra.
Can I apply through personal loan agents in Agra?
Yes, if for any reason, you are unable to go to the bank directly, you could also approach private personal loan providers in Agra.
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 criteria.
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.
You can apply directly online at the bank/ NBFC's website
You can go in person to the branch to apply for a loan
You can approach a personal loan agent in Agra
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.