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Comparing Top Two Personal Loan Lenders: PNB Personal Loan And ICICI Personal Loan

Upon facing a financial issue, getting a quick loan is a natural choice. However, when you are looking for a lender, the question is which lender you should choose. So, if you are looking for a lender, we have made it easy for you. Today, we will check out two reliable banks offering personal loans. They are Punjab National bank and ICICI Bank. <br>

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Comparing Top Two Personal Loan Lenders: PNB Personal Loan And ICICI Personal Loan

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  1. Comparing Top Two Personal Loan Lenders: PNB Personal Loan And ICICI Personal Loan www.afinoz.com

  2. Comparison PNB Personal loan ICICI Bank personal loan PNB Personal loan could fulfill the financial requirements you have. It could be used for multiple purposes. It does not require collateral, needs minimal documentation, and have easy repayment options. ICICI Bank personal loan is one of the best choices due to its instant e-approvals, no collateral needed, and paperless approval process. ICICI offers a loan amount up to Rs 20 lakhs. The rate of interest ranges from 10.99% P.A and 18.49% P.A The processing fee is up to 2.25% of the loan amount. The prepayment charge is 5% per annual of the principal loan amount. The personal loan tenure is from 1 year to 5 years.  The loan amount is offered up to Rs 15 lakh. The rate of interest starts at 8.95% per annum. The loan tenure is up to84 months. The processing fee is 1% of the loan amount.        The foreclosure charge is NIL. The documentation charge is up to Rs 500.    www.afinoz.com

  3. Eligibility criteria The applicant’s minimum age limit is 21 years, and the maximum is 65 years. The applicant should have a minimum of 2 years of work experience or business continuity. For metro cities, the minimum salary should be at least Rs 15,000 per month. For Rural centers, it is Rs 10,000 monthly. The applicant’s age ranges from Rs 23 years and 58 years. The applicant should have a minimum of 2 years of work experience. The net salary should be at least Rs 17,500 per month. For Delhi and Mumbai, it is Rs 25,000 monthly. The applicant should have been living in the current residence for at least 1 year. The applicant should be a salaried individual or self-employed professional. For a self –employed, the minimum turnover should be at least Rs 40 lakhs per annum. The applicant should have a minimum 1- year liability relationship with ICICI bank.           www.afinoz.com

  4. Types  Personal loan for public  Wedding loan  PNB Doctor’s delight  NRI personal loan  Personal loan for pensioners  Home renovation loan  Holiday loan  Top up loan  Fresher funding www.afinoz.com

  5. Documents Required  The application form  Passport size photograph  Identity proof – Aadhar card, PAN Card, Voter ID card, Driving license  Address proof – Lease agreements, electricity papers, telephone bill  Education qualification proof  Proof of Identity – Aadhar card, PAN card, Passport, Driving license  Proof of address – Lease agreement, Utility bill, Telephone bill  Bank statement for at least 3 months  Salary slips for the last 3 months  Passport size photographs  Income proof  Salary proof  For 16  ITRs  Proof of continuity of business  Proof of office address www.afinoz.com

  6. Comparing and conclusion  Now, PNB personal loan offers a lower interest rate, but ICICI has a higher loan amount. Though, the eligibility criteria for PNB are much more comfortable to qualify. It Is up to you to choose whichever lender you want as per your loan amount needed.  Read More: Top 5 lenders offering the best personal loan in India www.afinoz.com

  7. THANK YOU www.afinoz.com

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