What Are Salaried Loans?
As a working individual, you’ll tend to push away many things, such as travel plans, oversea education, big-ticket purchase, and many other activities, due to lack of money. However, a personal loan for salaried person can be beneficial in availing extra funds.
Thus, get personal loans from Buddy Loan for a seamless loan process. Get loans starting from INR 10,000 to 15,00,000. Flexible loan tenure of 12 to 60 months tailored according to the borrower with low-interest rates at 11.99% p.a. Also easy to meet eligibility criteria makes this platform unique and user friendly. Loans for salaried persons are readily available here.
Let’s know more in detail about their benefits.
Features Of Personal Loan For Salaried Employees
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High Loan Amount
Whether you need high or low loan amounts, you must get full financial coverage for all your needs. So get loans of the desired range and be within your requirements like your child’s education, for medical emergencies or travel business purposes, etc.
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Flexible Loan Tenure
Borrowers can get up to 5 years, so the chosen repayment can be extended and convenient. So choose personal loan EMI plans and minimize defaults by choosing tenures suitable for your monetary lifestyle choices and requirements.
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Competitive Interest Rates
High-interest rates can scare most people from availing of personal loans and not availing the extra funds they require. However, loan platforms lend low-interest personal loans starting from 11.99% p.a., Which eliminates the fear of high costs monthly repayments. Also, be sure to avail of loans that do not cost extra charges like processing or pre-payment charges.
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No Collateral Need
Are you thinking of not risking your securities? Now you don’t have to, as there is no need for collaterals to get personal loans. It is free of collaterals, which means no exposure or submission of assets, property documents, or valuables.
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Minimal paperwork
No one wants to get tied up with tedious paperwork and waste their time all day processing a loan need. All thanks to personal loans online, we can now obtain personal loans the same day with just a few clicks.
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Easy-To-Meet Eligibility Criteria
There are no intense eligibility criteria, easy and fewer criteria that are more so over basic. So from start to end, the experience of obtaining a personal loan will be easy and hassle-free.
Let’s further know some of the basic eligibility of loans for salaried persons.
Eligibility Of Personal Loan For Salaried Employees
- Age must be above 21 years
- Applicants must have an income of INR 18,000 and more
- Indian citizens are eligible for loans.
- Must have work experience with a steady income
If you lack personal loan eligibility, applicants can apply with a co-applicant with good income and credit scores above 750. So now a salaried person can take a personal loan quickly.
The Bottom Line:
In this blog, we have discussed the features and eligibility of personal loans for salaried persons, which is essential to make decisions while availing of loans. A loan for a salaried person is easy because of their permanent and steady income. This way, individuals can take personal loans and benefit from fulfilling all their wishes by getting funds.
