Personal Loan in Patna

Patna is the capital of Bihar and the largest city in the state. As in any large city, there are many people who have several anticipated and unexpected expenses. These expenses could be for a wedding, medical expenses, home renovation, making an expensive purchase or even funding travel dreams. Personal Loans in Patna can be obtained from SMFG India Credit with flexible repayment tenures between  12 months to 60 months and for loan amounts up to INR 30 lakhs. SMFG India Credit, one of India’s leading NBFCs helps customers looking for quick financing solutions with personal loan interest rates starting as low as 13%.

Instant personal loans in Patna can be easily obtained online with minimal formalities. SMFG India Credit’s personal loan emi calculator gives a quick estimate of the monthly EMI you may have to pay given parameters such as interest rate, loan tenure and loan amount. This helps you make an informed decision. You can change the loan tenure to get the EMI that is suitable for you, and then apply online accordingly.

Reasons for Taking a Personal Loan in Patna

1. A Personal loan is an unsecured loan given by a financial institution or bank with very few formalities.
2. The personal loan interest rates are lower than other unsecured loans and there are also fewer documents required for a personal loan. The main documents required for obtaining a personal loan are

1. Proof of identity and address     
2. Salary slips of the last 3 months
3. Bank statements of the last 6 months

Depending on the applicant’s profile and SMFG India Credit’s policy, additional documents may also be requested.

Eligibility Criteria for a Personal Loan in Patna

It is particularly easy to obtain a personal loan in Patna if you satisfy certain eligibility norms such as

1. Age of the applicant should be between 21 – 60 years
2. Applicant must be a resident citizen of India
3. Applicant must be earning over Rs. 16,000* rupees salary a month (INR 25,000 for residents of Mumbai and Delhi)
4. Applicant must have a good credit history and credit score

If you have any questions and query regarding personal loan in Patna. You can also contact us via telephone on our toll free number (1800 103 6001) or email us on  .

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