Personal Loan in Bhavnagar
Bhavnagar is a city located in the Saurashtra region of Gujarat. It is the 5th most populous city in Gujarat. It has always been an important center for trade and commerce due to its proximity to the sea. This city has some of the beautiful temples, museums, Velavadar Blackbuck National Park. Takhteshwar Temple, Gaurishankar Lake, Nilambagh, Velavadar National Park, Victoria Park, Khodiyar Mandir, Aksharwadi Temple, and Shri Adishwar Temple are some of the major tourist attraction in Bhavnagar.
Getting a personal loan in Bhavnagar is easier now due to the availability of cash loan apps. These apps allow individuals to get an easy loan online with minimum documentation. One can apply for a personal loan whenever they desire, as these cash loan apps are available on google play store and apple app store 24/7.
How to apply for loans:
A cash loan app offers various benefits. Once your loan is approved the cash is directly transferred into your personal savings account. The process of application is very simple and faster compared to the traditional loan, this is one of the reasons personal loan in Bhavnagar is popular via loan app. One can take loan starting from INR 9,000 to INR 3 Lakh. The duration of such loans is normally between 62 days to 1 year. You can choose the tenure as per your repayment capacity. People take an easy loan for various reasons such as medical emergencies, home repair expenses, travel expenses, festival shopping, educational fees, for a balance transfer, to top-up a loan, to buy any new asset. The reason can be a planned event or unplanned event, one doesn’t have to specify the reason for a cash loan.
To avail a cash loan one has to be a salaried employee of a registered company. One of the required documents to submit is your salary slips from the current employer. You have to submit your income proof that is your 3 to 6 months of salary slips. Submitting your pan card is mandatory to get a personal loan in Bhavnagar. Apart from these, you need to submit your address proof and identity documents as well. This includes your utility bills, passport, Aadhar card, driving license, voters ID.
Your SLQ which stands for Social Loan Quotient will be measured while availing a cash loan. Apps like CASHe study SLQ to determine your eligibility. Social Loan Quotient is India’s first social behavioral based credit system which is much better than the credit score rated by typical banks. It studies your digital footprint which defines how you exist and behaves in the social world.
Interest rates & Loan repayment:
The interest rates on easy loan are quite low as there are usually short-termed. Also, such loans are unsecured which means you don’t have to submit any ownership documents. The repayment method of cash loan apps is simple, you can directly do a bank transfer and repay your loan within a few minutes. If you are looking for a personal loan in Bhavnagar, you get one easily within a few hours via loan app.