About Personal Loan
A Personal loan is a form of credit offered for the borrower’s personal use. It is an unsecured loan and doesn’t require collateral as security. If you have any requirement of money then personal loan will be the best choice. It can serve as your solution for managing your travel costs, wedding expenses as well as the expenses of a medical emergency, home renovation, debt consolidation and others.
Capsure Marketing Services is one of the most trusted online platform which work closely with various banks and NBFC’s to provide its customer to get low rate of interest.
Apply for loanPersonal Loan Calculator
Personal loan EMI calculator is one of the most essential tool for a borrower, it helps the borrower to check how much EMI per month have to pay and how much amount can be borrowed. You can calculate per month EMI on three simple steps
- Go to the calculator tab on the website
- Enter require loan amount
- Enter interest rate that bank offers
- Enter the tenure or repayment period
- Then calculate
Personal Loan Eligibility
If you want to know how much loan amount you are eligible, go through the loan eligibility calculator enter the details it will allow you to know how loan you can borrow.
Personal Loan document list for Salaried in India
Following are the list of documents require by the financial institutions to process the loan application.
- Government ID proof like Pan card, Aadhar card, Driving License etc
- Signature proof like Pan Card & Passport.
- Current residence proof such as postpaid bill, Bank statement, Utility bill & rental agreement.
- Income proof like pay slips
- Bank statement 3 months or 6 months
- 1 Passport size photo.
Personal Loan document list for Self-employed in India
Following are the list of documents require by the financial institutions to process the loan application.
- Government ID proof like Pan card, Aadhar card, Driving License etc
- Signature proof like Pan Card & Passport.
- Current residence proof such as postpaid bill, Bank statement, Utility bill & rental agreement.
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
- Bank statement preferably current account.
Personal Loan Interest Rates
| Interest Rates | 10.50% - 18% |
| Processing Fee | Differs from bank to bank, generally ranges between 1-3% of the loan amount plus applicable tax |
| Loan Tenure | 12 months to 60 months |
| Loan Amount | ₹15000 - ₹50 lakhs |
| Lock-in period | Varies from lender to lender. Some lender offers no lock-in-period |
| Preclosure Charges | Generally between 2%-5% of the loan outstanding plus applicable tax. Some lenders offers no preclosing charges. |
| Guarantor Required | Varies on different conditions |
Why should I apply for Personal Loan at Capsure Marketing Services?
We provide you one stop solutions for all your financial needs. Our experts give you the perfect advice keeping in mind current and future finance trends. We understand the value of money in an individual’s life and that’s why we help you borrow it from rightful source in a hassle freeway.
Here are some of the few reasons to apply personal loan at Capsure Marketing Services
- Customer Support
We have one of the best customer support team who have the best domain knowledge. Our team is fast and efficient to clear all your doubts regarding loans or any other issue regarding the loan orientation or process.
- Compare Various Offers
We compare various offers provided by the financial institutions to make the right choice. We assist you to find the best lender as per your requirements.
- Personalized Service
We promise to deliver best out of best service on our capabilities and our services are free of cost to all our customers.
- Online Assistance
You can contact us any time 24*7 or you can simply write to us at contact@capsuremarketingservices.com for any complains, feedback or grievance.
How to apply personal Loan at Capsure Marketing Services
- Fill the form online
The first step is to fill the online form where customer has to provide the below information- Full Name
- E-mail id
- Contact number
- Loan Amount required
- Loan Tenure
- Apply for the loan
Once you submit the online form our representative will contact you to cross verify the details. Our representative will explain you in details about the product, and will suggest the lender which will fit according to your requirements. After your confirmation we will fix up an appointment for documentation.
- Document Collection and Original Verification
Our team member will visit at your place and will also check the original documents. We will take signatures on all the documents and application form.
- Lender Submission
Once we collect all the documents from you we will submit to the lender on your behalf of you. And they will carry out their process as per the lender.
- Approval and Disbursement
The loan process will complete once the lender completes all the process. During that time frame we will update you and confirm about your loan amount.
You will also get a confirmation communication from the lender regarding loan amount, processing fee, rate of interest & insurance. Once you agree on all the terms and conditions you need to sign the loan agreement.
Once it’s signed disbursement will be done immediately. All these thing happened without going anywhere. We will ensure that we will take care of everything.
Some useful Tips for successful personal application
- Do proper research before applying personal loan
- Access your need and personal commitments
- Provide proper information while applying or filling up the application
- Choose afforatable rate of interest and processing fee
- Choose the loan amount and tenure carefully
- Please read the terms and condition carefully while applying the loan
- Do not make multiple enquires for the same product at difference financial institutions
- Do not sign any documents if you don’t understand any points in the loan agreement or application
Personal Loan Interest Rates
| Personal Loan | Credit Card |
|---|---|
| Personal Loan is offered for various purposes such as wedding, travelling, medical expenses, children’s education, home improvement etc | Credit Card for small purchases for personal or business needs depending upon your requirement |
| It offers higher loan amount depending on your income | It can be used based upon your predetermined monthly credit limit. |
| Loan tenure of maximum 5 years or 6 years | Interest free credit period of upto 50 days. |
| Low interest rate than a credit card. | Rate of interest is always on a higher side. |
| Loan to be repaid as EMIs for a specific tenure. And it can be foreclosed also before the tenure. | Credit Card bill to be paid at the end of credit period. |
Benefits and Features of Personal Loan
No collateral required
One of the benefits associated with an online personal loan is that it is unsecured in nature. This means you don’t need to pledge any collateral for your loan. Although this can be a reason for your interest rate, you can get a low-interest personal loan easily if you meet the eligibility requirements.
Minimal Documentation
In this age of digitisation, the process of verification and documentation has now become short. This is applicable for an instant personal loan as they are fast in disbursal and require minimum documents for approval.
Easy Approval
You can get personal loans that are quick and easy in approval. This is why it is the best bet in times of financial emergency. Moreover, the process has become digital; thus reducing time in the verification process.
Features of Personal Loan
All loans are not created equal, personal loan has become a great option for people to use.
Frequently Ask Questions
If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.
You can close your loan any point of time. But there are some financial institutions where they levid pre-closure charges.
Yes there are certain financial institutions which provide refinancing facilities.
You can fill the contact form our team will assist you.
We are located at Bangalore, Karnataka, India.
Get a Quote
Now apply for a loan online, All you need to do is provide your details below application form.
