`); // setTimeout(() => { // w.print(); // }, 1000) // w.document.close(); // return false; // }); // share_doc.addEventListener('click', () => { // share_url.style.display = 'block'; // }); function drawChartCustom(one, selElem) { var data = google.visualization.arrayToDataTable([ ['Task', 'Hours per Day'], ['Principal', 100 - one], ['Interest', one], ]); // Optional; add a title and set the width and height of the chart var options = { 'title': 'Total Payment Break-up', 'width': 200, 'height': 175 }; // Display the chart inside the
element with id="piechart" document.getElementById(selElem).innerHTML = ''; var chart = new google.visualization.PieChart(document.getElementById(selElem)); chart.draw(data, options); // console.log('done'); } const calculate_pl = () => { const interest = parseFloat(pl_loaninterest.value) / 1200; const loantenure = pl_loanyears.checked ? 'Y' : 'M'; const months = loantenure === "M" ? 1 : 12; // let term = loan.loanDuration * months; let term = pl_loanterm.value * months; const top = Math.pow(1 + interest, term); const bottom = top - 1; const ratio = top / bottom; const loanamountValue = pl_loanamount.value.replace(/[^\d\.]/g, ""); const EMI = loanamountValue * interest * ratio; const Total = EMI * term; const EMI_data = { EMI: EMI.toFixed(0), Total: Total.toFixed(0), total_interest: (Total.toFixed(0) - loanamountValue).toFixed(0), }; pl_k_emi.innerText = EMI_data.EMI; pl_k_pay.innerText = EMI_data.Total; pl_k_int.innerText = EMI_data.total_interest; const noOfMonths = parseInt(term); let listHtml = ``; let pr_val = loanamountValue; for (let i = 0; i < noOfMonths; i++) { const int_amt = pr_val * (parseFloat(pl_loaninterest.value) / 100) / 12; const pri_amt = EMI - int_amt; const bal_amt = pr_val - pri_amt; listHtml += `
`; pr_val = pr_val - pri_amt; } pl_emi_list.innerHTML = listHtml; // console.log("EMI", EMI_data); // const a = EMI_data.Total; // const b = EMI_data.total_interest; // const c = parseInt((b / a) * 100); // drawChart(c); return EMI_data; }; const calculate_cl = () => { const interest = parseFloat(cl_loaninterest.value) / 1200; const loantenure = cl_loanyears.checked ? 'Y' : 'M'; const months = loantenure === "M" ? 1 : 12; // let term = loan.loanDuration * months; let term = cl_loanterm.value * months; const top = Math.pow(1 + interest, term); const bottom = top - 1; const ratio = top / bottom; const loanamountValue = cl_loanamount.value.replace(/[^\d\.]/g, ""); const EMI = loanamountValue * interest * ratio; const Total = EMI * term; const EMI_data = { EMI: EMI.toFixed(0), Total: Total.toFixed(0), total_interest: (Total.toFixed(0) - loanamountValue).toFixed(0), }; cl_k_emi.innerText = EMI_data.EMI; cl_k_pay.innerText = EMI_data.Total; cl_k_int.innerText = EMI_data.total_interest; const noOfMonths = parseInt(term); let listHtml = ``; let pr_val = loanamountValue; for (let i = 0; i < noOfMonths; i++) { const int_amt = pr_val * (parseFloat(cl_loaninterest.value) / 100) / 12; const pri_amt = EMI - int_amt; const bal_amt = pr_val - pri_amt; listHtml += `
`; pr_val = pr_val - pri_amt; } cl_emi_list.innerHTML = listHtml; // console.log("EMI", EMI_data); // const a = EMI_data.Total; // const b = EMI_data.total_interest; // const c = parseInt((b / a) * 100); // drawChart(c); return EMI_data; }; const updatePL = () => { const loanObj = calculate_pl(); // console.log('loanObj', loanObj); const total = loanObj.Total; const interest = loanObj.total_interest; const intPer = parseInt((interest / total) * 100); // console.log('intPer', intPer); drawChartCustom(intPer, 'pl_piechart'); }; const updateCL = () => { const loanObj = calculate_cl(); // console.log('loanObj', loanObj); const total = loanObj.Total; const interest = loanObj.total_interest; const intPer = parseInt((interest / total) * 100); // console.log('intPer', intPer); drawChartCustom(intPer, 'cl_piechart'); }; // pl_loanamount.addEventListener("keyup", updatePL); // pl_loaninterest.addEventListener("keyup", updatePL); // pl_loanterm.addEventListener("keyup", updatePL); // pl_loanyears.addEventListener("change", updatePL); // pl_loanmonths.addEventListener("change", updatePL); // cl_loanamount.addEventListener("keyup", updateCL); // cl_loaninterest.addEventListener("keyup", updateCL); // cl_loanterm.addEventListener("keyup", updateCL); // cl_loanyears.addEventListener("change", updateCL); // cl_loanmonths.addEventListener("change", updateCL);
Eligibility Criteria
What you mean by Personal Loan Eligibility Criteria?
Personal Loan is a kind of unsecured loan which can be opted to various reason, you can avail up to 25 lakh with minimal documentation. You just need to ensure that you meet eligibility requirements.
Personal Loan Eligibility Criteria
Generally, Personal Loan Eligibility Criteria depends on various factors like age of individual, monthly salary or business income, total work experience & CIBIL Score ..etc..
Personal Loan Eligibility Criteria for Salaried Individuals
- • Age Limit of Salaried Individuals - 20 to 60 years of age
- • Work experience of salaried Applicants – Minimum 1- 3 Years
- • CIBIL Score should be above 750
- • Minimum Salary – 25000/-
- • Nationality - Resident of Indian
Personal Loan Eligibility Criteria for Self-Employed Individuals
- • Age Limit of Self –Employed Individuals - 21 to 68
- • CIBIL Score should be above - 750
- • Minimum Years of doing Business –2- 5 Years
- • Nationality - Resident of Indian
Note: - Maximum Loan Amount of Salaried Individual & Self- Employed Individual can avail up to 40 lakh.
What are the factors generally affecting Personal Loan Eligibility Criteria?
There are few factors that generally affects Personal Loan Eligibility Criteria as given below: -
Income: - Firstly, Lenders check your Income to determine whether you are eligible to get personal loan or not, if you are getting higher income & you will get higher loan amount too.
Applicant Age: - Thirdly, Lenders see’s your age to calculate the tenure period. Generally, a longer tenure period will save your money on EMI, this results in non- default in repayment.
Monthly Income: - Secondly, Lenders want to know you Monthly Income, if you are a Salaried Individual your minimum income per must be 25000/- or if you are a Self-Employed your business minimum annual turnover must be 15 lakhs.
What are the ways to increase Personal Loan eligibility?
To increase Personal Loan eligibility, you need to consider few points as given below, this will aid you in increasing your eligibility level.
Try to keep Good CIBIL Score: - As you know CIBIL Score matters a lot while checking your eligibility criteria, a good CIBIL Score will 100% help you increasing chances of eligibility on loan which should be above 750 while bad CIBIL Score will not help you in getting a loan. Do proper transaction maintain, avoid late payment, never have multiple credit card by this following you will increase personal loan eligibility criteria approval.
Add Extra possible Income: - Lenders checks your income to examine how strong is your repayment capacity is, so, if you add extra possible income. It would signify as higher repayment capacity. Therefore, your chances of eligibility criteria will be increased.
Open account with preferred lender earlier: - If you are planning to avail loan, make a comparison among various banks & NBFC’s check which bank eligibility criteria meet with your needs & once chosen, start building a relationship with lender by opening account with that bank as early as possible this will increase your eligibility.
Documents Required
INDIVIDUAL
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PHOTOGRAPHS 2
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PAN CARD COPY
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AADHAR CARD + PASSPORT
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ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
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LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
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LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
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LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
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COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
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PROCESSING FEE CHEQUE IN FAVOUR OF BANK
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LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
PROP FIRM
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PHOTOGRAPH BOTHPAN CARD CLEAR COPY PROPRIETOR
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ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
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OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
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FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
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LAST 1 YEAR GST RETURN COPY
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FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
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PROVISIONAL FINANCIAL AY 2019-20
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BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
PARTNERSHIP FIRM
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PARTNERSHIP DEED COPY
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GST CERTIFICATE
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GST RETURN LAST 1 YEARS
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3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
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PROVISIONAL FINANCIAL AY 2019-20
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3 YEAR ALL PARTNER INDIVIDUALS ITR + COMPUTATION
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FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
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ALL PARTNER SAVING A/C STATEMENT 6 MONTH
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IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
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AGREEMENT TO SELL COPY
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PROPERTY PAPERS COMPLETE CHAIN WITH MAP
PVT.LTD
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ALL DIRECTORS PHOTOGRAPH
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CLEAR PAN CARD - COMPANY AND ALL DIRECTORS
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ADDRESS PROOF – COMPANY AND DIRECTORS
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LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
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MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
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GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
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1 YEAR GST RETURNS
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ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
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LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
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PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
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COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
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ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
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IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED
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AGREEMENT TO SELL COPY
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PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
FAQs
Frequently asked questions (FAQ) pages are Q&A-style pages that most brands build to answer queries that slip through the cracks. FAQs are targeted to give a complete sense of query satisfaction to the client.
What will be the maximum tenure period for Personal Loan?
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Various Private, Government Banks & NBFC’s offer this facilityfor competitive rates with tenureperiod for repaymentrangingfrom12 months to 60 months.
Why to choose Financeseva for Personal Loan?
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Financesevaoffers you a wide range of benefits as given below :-
- Get comparison among top Banks & NBFC's
- Clear chart of Rate ofInterest, Tenure, Loan amount with respective banks
- Get Free advisory from CA & EX Banker Venture
- Making your loan process hassle free - handle documentation to disbursem*nt
- Doorstep services
- Get loan with best deal
Which Bank is best for Personal Loan?
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Availing loan from top Private & Government Bank cost low Interest Rates,but if you are looking for lowest rates then you must opt for SBI Personal Loan.
What will be the necessary documents required to apply?
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You willbe requiredto attach a copy of latest 3 monthsstatement, latest 3monthssalary slip, personal identity proof & address proof are the key necessary documents.
How to get a Personal Loan?
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There are various lender offeringloan where some have the online facility which help you to get loan sitting where you are at itself, just requiredfew details to fill up&submitby online or offlinelike your personal information, occupation&income.
What is a Personal Loan?
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This type of loan comesunder unsecured category as itwon’tneed to pledge any Collateral/Assets to getaloan.Based on your income stabilitytheseloansare funded by Banks &NBFC’s.
How to apply for a Personal Loan?
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Before applying for loan, make sure you meet the eligibility criteria to avoid any kind of loan rejection & affects on credit score.Compare deals from various lenders to choose your perfect partner &fill the query box to get a call back from customer representatives.
How much Personal Loan can I get ?
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Loan amount approval for anapplicant is totally based on income they generate whether as a salaried or self-employed person.Lenderscheckyourincomewhether you are capableto pay 40%-50% of income as amonthly EMI.As much as the income is that much higher amount will be provided but the maximum limit will be 25 lakh.
How much Cibil Score required for Personal Loan?
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Generally, a good Cibil Score help you to get better loan offer with negotiating rates. For getting personal funds you must have 700 above credit score.
Is it possible to get Personal Loan at low Cibil Score?
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Lowcibilranging from 300 – 700knowns as bad credit history which creates blockage to access funds, but still there might be chances of getting loan if your repayment capacity seems higher.
