Personal loan is the obvious choice if you need a finance for Personal finance, Medical emergency, Wedding purposes, Abroad travel, Holidays, Child education and for buying consumer durable things.
Complete flexibility of end-use. There are no restrictions on how you should spend the loan amount. This in contrast to a home loan or auto loan where the loan amount can only be used to buy a property or a vehicle respectively. A personal loan allows you the freedom to use the money in any way you want.
Lack of collateral. A personal loan is an ‘unsecured loan’, 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 required as collateral.Apply Now
There is no typical loan amount and the loans can range from a few thousands to lakhs. While applying for a personal loan, the amount that you apply for must be commensurate with your ability to make repayments.
Of course, the final loan amount that is approved depends on the lending criteria used by AEB and how they evaluate your ability to repay the loan. Personal loans are relatively short-term loans and the tenure can range from 1-5 years.
Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a personal loan.
Maximum age of applicant at loan maturity: 60 years
Minimum Net Monthly Income: Rs 25,000
Applicant should have the bank specified credit score.
The following documents are required along with your Personal Loan application:
AEB loans represent great value as not only are our interest rates competitive, our loans also have no monthly account keeping fees, no annual fees, free redraw and our flat application fee covers your legal fees for your first application and the valuation fee of one security.
*Service Tax and other Government taxes, levies etc. applicable as per prevailing rate will be charged over and above the Fees and ChargesApply For Loan
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You can complete an application if you don't have a property in mind, however you would have to know how much you would be looking to purchase a property for to allow us to complete your application.
You do not need to provide proof of your deposit before your appointment, however you will need to provide evidence of your deposit on completion of your application. If your deposit is being given to you as a gift we would require a letter confirming this signed by the person who is gifting you the money.
There are many factors taken into consideration when we assess your mortgage application these include
AffordabilityPlease note: This list is not exhaustive. These factors help us assess how affordable the mortgage would be to ensure we continue to lend funds in a responsible manner.
You do not need to have an entry date before you apply however once you know this please let us know as soon as possible.
Get quote easily just fill the below form and our one agent will contact you in 24 hours.