Frequently Asked Questions on Salaried Personal Loan
Q. What are the eligibility criteria for availing Personal loan?
A. The eligibility criteria depend on various parameters like your salary, company you are working for, your previous repayment history etc. You can borrow loan upto Rs. 40 lakhs. For example: if your salary is Rs. 1 lakh per month then you may get loan for Rs. 20 lakh for five years (interest will vary across banks).
Q. What is the minimum and maximum tenure for repayment of personal loan?
A. The tenure ranges from 12 months to 72 months.
Q. How many days will be required for disbursement of loan?
A. From the day of submitting your complete documents to our executive to loan disbursement by bank, it will take around 5 to 7 days.
Q. Is there an option of prepayment/foreclosure of personal loan?
A. Yes you can prepay your personal loan with charges applicable which varies across the banks but not before payment of 1st EMI. Some banks allow partial payments and some don’t.
Q. From which month my EMI will be start deducting from my account?
A. The EMI will start from the second month of loan disbursal. For example, if your loan gets disbursed on 1st May, then your EMI will start from 1st week of July.
Q. Will the loan amount be credited in my account
A. In case of loan amount below Rs. 1 lakh you will receive a cheque/DD and incase of loan amount above Rs. 1 lakh the amount will be directly transferred to your bank account.
Q. What is the minimum and maximum age required for personal loan?
A. Minimum age required is 21 and maximum age less than 60.
Q. What are the documents required in order to apply for a personal loan?
Documentation For Salaried Person
Photograph (Passport Size)
Pan card
Aadhaar card
Company ID Card
Last 3 months salary slip
Last 4 months Bank-Statement (up to date)
Proof of job continuity/form-16
Proof of residence
Permanent address proof (for Rented Person)
Free Finance Services™
Free Finance Services™ deals in every financial product like personal Loan, home Loan, business Loan, Loan against property, OD CC limit etc. Free Finance Services is a leader in providing Loan related services in Delhi NCR. Our aim is to give greatest Loan deal to our clients in the competitive market. FREE FINANCE is commenced by a group of experienced persons in the field of financial services mainly related to Loans.
Our Services at a Glance (Call us-9910831827) *T&C APPLY
Salaried Personal Loan | Home Loan | Loan Against Property | Car Loan | Business Loan | OD CC Limit |
Note: Minimum Salary Req.-30K Net(for Salaried Person)
Note: CIBIL Defaulter Do Not Call Us.
