Personal Loan in Chengalpattu

Chengalpattu, formerly known as Chingleput, is a city and the seat of the Tamil Nadu State district of Chengalpattu, India. It was partitioned from the district of Kanchipuram. Like Pallavaram and Tambaram, the District has the largest cities. It is the district's headquarters and is 56 kilometers (35 mi) from the capital of the state, Chennai, on National Highway 45. One of the main railway junctions of the Southern Railway is Chengalpattu Railway Station, technically known as CGL, and is a nationally significant stop.

In this district, Chengalpattu Government Hospital is a landmark and the largest government hospital. The hospital has a medical college of its own. The town has the district's principal court, and Dr. Ambedhkar Law College.

It is assumed that the town was named after a lily called 'chenkazhuneer poo' that is abundantly found in the area. It is about 56 km southwest of Chennai City (Madras) on the Palar River, and so Chengapattu is named the "Gateway of Chennai"

It is an important center of commerce. It has a medical college and other University of Madras associated schools. The town had a population of 62,579 in 2011. The total population is about 85,000 as of now.

Chengalpattu Personal loan

The personal loan from Chengalpattu is funded by P2P loans from Press4loans in Tamilnadu and Pondicherry. These loans are unsecured, and you don't need to borrow anything or show assets from Rs. 20,000 to Rs. 1,50,000. In Chengalpattu, some reasons for personal loans include medical needs, travel, refurbishing, marriage, good purchases, etc. Another justification for using a loan is to receive a secondary loan, balance transfer or restructuring of debt.

If you need a personal loan in Chengalpattu, you must have an excellent credit history and enough money to obtain your personal loan in Chengalpattu with Press4loans. Other variables, such as years of service, firms you worked for etc can classify main factors such as the quantity, tenure and interest rate. Press4loans in Chengalpattu enables the loan without extra costs to be pre-closed. Most banks have a pre-closure fee of 4-5%.

Chengalpattu Personal Loans Salary Criteria

The wage criteria for personal loans change from bank to bank in Chengalpattu. See if the bank provides the best interest rates, see also the minimum wage condition of the bank.

For workers – Banks have a minimum wage provision for employees between Rs 15000 and Rs 50,000.

Self-employed – those with their own companies can provide proof of their revenue, and most banks have an annual requirement for Rs 1 lakh to Rs 2 lakh profits.

Check your eligibility for personal loans

Many banks/NBFCs provide personal loans but have different conditions for eligibility. However all financial institutions have some requirements in common.

The conditions for eligibility for the online acceptance of personal and employee loans are:

Age: 21/23 - 60/65 years.

Form of employment: Salaried, Skilled self-employed.

Credit score: 750 or above with a strong background of credit

Minimum net (monthly) revenue: Towards 20000 (non-metro cities),Towards 25000 ( metro cities)

Credit amount upto: 60 lakhs according to credit profile

Work experience

• Salaried 
• At least 6/12 months in the present business
• Employees themselves
• Corporate term of at least 3 years (continuous)
• Last 3 years ITR

The following are the common documents needed for personal loans:

For Salaried

• Identity and Date of Birth proof
• PAN Card 
• Evidence of residence-passport license, Voter ID, postpaid bill/fixed bills (electricity/water/gas)
• Bank accounts last 3 months (preferably your salary account)
• Pay Last three months' slips
• form 16 or Revenue Tax Returns of 3 years

For self-employed individuals:

• Identity and age proof
• Full photograph
• Applications for personal loans.
• PAN Card 
• Passport residence proof, Voter IDs, post-paid/fixed bills, electricity/water/gas bills, etc.)
• The last 3 months of bank declarations (preferably your wage account)
• Revenue tax returns for revenue estimate for the last three years.
• For the last 3 years, CA Certified/Audited Balance & Profit & Loss Account.