Personal Loans in Agra

How to Get a Personal Loan in Agra

Do you live in Agra? Wondering how to get a personal loan in Agra and what your options are? Read on!

Personal Loans in Agra

Almost all major banks and NBFCs offer personal loans in Agra including Shriram Finance, Axis Bank, HDFC, Citibank, Fullerton, ICICI Bank, SBI etc. Many banks and lenders allow you to apply for a loan online, even if they do not have a presence in Agra. As mentioned before, you have the freedom to use the money in any way you want.

A personal loan in Agra also doesn’t require any collateral. However, this may depend on your creditworthiness—a few banks might ask for a guarantor, or a token security of some sort. But mostly, banks offer personal loan in Agra without any collateral / security, meaning you are not required to provide any security to the lender in the form of cash, shares or any other assets. This might make it more attractive to some customers who may not be able to raise the cash or have any asset required as collateral.

Personal loans in Agra for salaried, self-employed and business people are easily available. For the best personal loan offer, you can compare and find the best personal loan providers in Agra.

Is it possible to get a Personal loan in Agra with bad credit?

Well, it is not impossible, but certainly difficult to avail any kind of loan with bad credit. Having a bad credit score means availing of the loan at highly unattractive terms like a high interest rate. You might be also asked to pledge collateral as form of security. It’s best to improve your credit scoreto a healthy number ( of 750 or above) before applying for a personal loan, so you avail of better terms and are able to negotiate for the best interest rates.

Eligibility for Personal Loan in Agra

Here are some of the general criteria for being eligible for a personal loan:

• Age: The applicant’s age should ideally be between 21 years to 65 years.
• Salaried, self-employed, and business professionals are eligible to apply.
• Minimum salary for salaried people should be at least Rs. 15,000. The salary bracket depends on what tier of city you live in and the company you work for.
• Should be staying in the same address / city for at least 1 year
• Total work experience should be at least 2 years
• Should have a stable employment history.

Documents Required for Personal Loans in Agra

For salaried / self-employed professionals

The documents required are fairly standard: Address proof, identity proof, 6 months / 3 months bank statements etc. For professionals, your degree certificate / educational documents might be requested for. Following are an overview of the documents generally asked while applying for a personal loan in Agra:

• Valid Identity Proof - Passport, Driving License, Voter ID Card, Aadhar Card, PAN Card (any one document to be submitted)
• Valid Address Proof – Lease/Rent Agreement, Passport, Driving License, Ration Card, Utility bill (not more than 3 months old), Bank Statement
• Income Proof Documents – Latest 6 months’ salary slip and latest Form 16
• Bank Statements: Past 6 months bank statement with salary credit
• Any other documents as directed by the Bank or NBFC
• Continuity of employment proof, like offer letter, relieving letter, etc.

Personal Loans in Agra FAQS

How to apply for Personal loan in Agra:

You can apply directly online at the bank/ NBFC's website

You can go in person to the branch to apply for a loan

You can approach a personal loan agent in Agra

Need help? Alternatively, if you think you need help with your loan application process and advice on loan eligibility, CreditMantri can guide you and match you with the loan offer that best suits your profile.