Personal Loan in Chandigarh

Documents Required for a Personal Loan in Chandigarh

Commonly required documents for a personal loan include proof of identity, address, income, and employment, along with bank statements and photographs. However, you can follow the list to know the documents you might need to keep handy to avail of a personal loan in Chandigarh.

Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport

Address Proof- Utility bill/Passport/Aadhar card/Voter ID

Income Proof- Latest Salary Slip/ ITR/Form-16

Bank Statement- Last 3-6 Month Bank Statement

Features & Benefits of Personal Loans in Chandigarh

Personal loans are an attractive choice that comes with a wide range of features and perks that are designed to best suit your needs. You will find the key features & benefits of personal loans in Chandigarh for you to achieve your financial goals with minimal effort.

Rapid Disbursal

Get loan disbursal in just
24 hours after approval

Flexible Tenure

Avail loan under the most
flexible tenure upto 5 years

Interest Rates

Interest Rates for
personal loan starts
at just 11.99% p.a.

Loan Amount

Apply for personal
loan starting from
₹10,000 - ₹15 Lakhs.

Zero Collateral

Get Personal loan by
providing 0 collateral

Minimal Paperwork

Submit minimum documents and
avail your desired loan amount

Types of Personal Loans in Chandigarh

Personal loan finance in Chandigarh is sought after for fulfilling a variety of financial needs that can include financing education, organizing weddings, handling medical expenses, along with home improvements. Here are various kinds of personal loans that will suit your multiple financial needs to live the desired life in Chandigarh.

Personal loan for Education: Instant loans for Educational expenses in Chandigarh are designed to provide financial support to students who want to pursue higher education, both within India and overseas.

Personal loan for Business: Chandigarh offers several promising prospects for businesses due to its well-planned infrastructure, and strategic location. Hence, business owners might consider personal loans to fund the initial setup costs or working capital for their businesses.

Personal loan Wedding: A destination wedding in Chandigarh, can be a unique choice. Chandigarh is known for its well-planned infrastructure, and beautiful gardens, and with a personal loan get a way to fund your dream wedding in this city of charm.

Personal loan for Medical Emergency: Personal loans for medical emergency loans provide you with quick and reliable financial assistance, ensuring that you can focus on your health without the burden of unexpected medical bills.

Home Renovation Loans: The cost of home renovation in Chandigarh can be economically more expensive. Hence, If you want to renovate or repair your home, availing a personal loan in Chandigarh can help you cover the costs of the improvements.

Personal Loan in Chandigarh with low-interest rates

Chandigarh, one of India's costliest cities, can be made more manageable with a personal loan featuring affordable interest rates. Securing a personal loan in Chandigarh with a low-interest rate involves a combination of planning, diligent research, and a strong credit profile. Here are tips to guide you to increase your chances of obtaining a personal loan with favorable interest rates:

Credit Score: A higher credit score generally qualifies you for lower interest rates. Before applying for a personal loan ensure to have a copy of your credit report and work on improving your credit score if required

Compare Lenders: Choose and compare different lenders, including banks, credit unions, and online lenders. Each lender may offer varying interest rates and terms, so it's essential to shop around to find the best deal in Chandigarh.

Necessary Documents: Lenders will require documentation such as proof of income, employment details, and identification. Hence, keeping these documents handy will streamline the loan application process.

Maintain a Stable Income: Lenders prefer borrowers with a stable source of income, as it demonstrates your ability to repay the loan. A steady job or business income can increase your chances of securing a lower interest rate.

Evaluate Loan Terms: Understand the loan terms thoroughly, including the interest rate, repayment period, and any associated fees. Hence, doing this will help you arrive at a loan term that aligns with your repayment capacity.

Multiple Applications: Submitting numerous loan applications can negatively impact your credit score and your prospect of availing a loan. Instead, it is always suggested to research and then select a few potential lenders to apply to.

Apply Online for an Instant Personal Loan in Chandigarh

Follow these 4 simple steps to initiate the journey for your desired personal loan in Chandigarh:

Step 1: Visit - buddyloan.com or download or you can install the Buddy Loan app and compare features.

Step 2: Fill out the application form, which includes the loan amount, the tenure in months, and contact details.

Step 3: Fill out the eligibility form and provide:

• Email Address
• employment type: Salaried/ self-employed
• Company Type
• Industry Type
• Current Company Name
• Company Address
• Year of Employment
• Net Income
• Mode of Salary
• PAN Card Details
• Full Name (As Per Pan Card)
• Current Address with PIN Code
• Mobile Number

Step 4 Submit the details & wait for the loan confirmation.