Jodhpur in Rajasthan is one of the most popular travel cities, even among international travelers. The city used to be a princely state and houses a large number of beautiful forts and places. The city is located amidst the Thar desert landscape and is also known as the “Blue City” due to its uniformly blue painted houses. The city also houses important educational institutions.
Due to its many charming locations, the city hosts a large number of companies in the film industry. Due to booming tourism, education, etc., the city now has a large number of small businesses. However, like everyone else, the residents of this beautiful city need the right support to realize their dreams and goals.
Personal Loan in Jodhpur— Eligibility Criteria
The term loan eligibility refers to your assets or ability to qualify for a personal loan from a bank or NBFC. Lenders use the eligibility criteria as a benchmark to decide on the amount of money to borrow based on your financial credentials such as your income, other obligations, an additional source of income, etc. depending on your age, which determines the duration of your personal loan. Income and age are not the only criteria for determining eligibility for a loan. Combinations of other factors, such as your employment, CIBIL score, etc., are also used to determine your personal loan eligibility.
The required eligibility for personal loan in jodhpur are listed below:
Your age is an important measure of your ability to repay a personal loan. As a general rule, you can avail the facility of a personal loan if you are aged between 21 and 60.
If you a salaried individual, you are eligible for a personal loan. The period of your employment is a measure of your credibility to repay your loan on time. Personal loans for salaried employees states that they should be working for a multinational corporation, private or public limited company with at least 2–3 of work experience.
The minimum wage or income required for a personal loan to qualify is different for each borrower. As a person with a salary you must have a minimum wage of Rs. 15,000 per month.
Lenders access credit scores derived from the credit history of credit reports to assess the ability or creditworthiness of a personal loan. Your credit score affects the loan amount, credit period, interest rates, and terms offered. The credit score (CIBIL) must be 650 or higher.
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