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Personal Loan

 

PERSONAL LOAN

A personal loan is a short-term loan to assist a regular income earner with your finances. This payday loan is secured against a future paycheck. These loans have become quite popular today, and now this is the main way to get financial assistance in the form of a cash advance.

A personal loan is a type of debt which is made for personal, family, or household use, and which is neither a business loan nor a long-term mortgage loan. The lender loans money to the borrowers. The borrowers pay back this amount, usually but not always in regular installments. This service is generally provided at a cost, which is referred to as interest on the debt.

With a personal loan one can meet his financial requirements. Be it any ceremony in the family, a surprise gift or a grand vacation, personal loans provide a helping hand. The personal loan helps to take care of all kinds of expenses in a short time period. This type of loan usually covers travel expenses, holiday expenses, medical expenses, marriage expenses, honeymoon expenses or any other personal type expenses. Initially it is open for only staff of Sai Fincorp or its associated ventures.

Why should I take a Personal Loan from SFPL?

* Minimal paper work and documentation

* Less processing fee

* Low Interest Rate

* Loan as per the eligibility

* Part Payment

Documentation:-

* Photo

* Photo ID

* Address Proof

* PAN Card

* Letter of employment from the Employer

* Salary Slip/Form 16

* Three Years IT returns in case of Self Employed/Business

* No Objection Certificate from the Employer

* Bank transactions for the last one year.

* Signature verification from the Bank

 

FAQs

Am I eligible to avail a personal loan?

Any person salaried / non-salaried / self-employed of 18 years and above with maximum of 55 years of age .

Do I need to provide any documents to avail a personal loan?

A proof of identification in the form of Voter's ID/PAN/Passport/Driving license and a proof of address would be required to avail a loan from us.

What is the minimum loan amount that I can take?

You can avail a minimum loan of Rs 50,000

What is the tenure of a loan?

Up to 3 years (36 months).

What is the processing fee involved to avail such a loan?

Maximum 1% of loan amount is involved in availing a loan

Can I foreclose my loan account / can I close my loan account before its tenure? What are the charges involved in such a case?

Yes, you have an option to foreclose your account where you can pay-back the loan amount with interest before it's tenure. However, a minimum interest of 6 months will be charged in case you wish to foreclose your account before 6 months of the date of availing the loan.

Can I make part payment of my loan amount?

Yes , you can make a part payment where you can pay back a part of the total loan amount or the entire amount after 6 months.

 

 

 

 

 
 
 
 
Corporate Office Address
A-2, Ground Floor, Shankar Garden,
Vikas Puri, New Delhi-110018
E-mail: md@saifincorp.com
UTTAM NAGAR BRANCH
WZ-167/G, Ground Floor, Next to
State Bank of India, Opp. Metro
Pillar No.-674, Main Najafgarh
Road, Uttam Nagar, New Delhi-110059
Phone No.: 011-45122353 / 354
Email ID: saifincorp.pl@gmail.com
AND unbranch@saifincorp.com
NEW MAHAVIR NAGAR BRANCH
WZ/E-7/2, 1st Floor, New Mahavir
Nagar, Main Najafgarh Road, Near
Shiv Shakti Mandir, Metro Pillar
No.-562, New Delhi-110018
Phone No.: 011-43105877 /
011-43105977, Mob.: 8744050912 / 13
E-mail:mnbranch@saifincorp.com
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