Personal Loans India : Personal loan from Barclays
Since most of the people fear that their security will get foreclosed, they prefer to apply for those loans that are free form the hassle of collateral submission. Be it purchase of a new home or any other personal requirements, most of the people like to arrange finance for such requirements through personal loans. In fact, personal loans are specially tailored for financial requirements that can not be defined in an particular manner and for that reason lenders that offer personal loans never ask the borrower to specify their requirement at initial stages. People, who cannot manage to keep any collateral against the loan amount, can apply for unsecured personal loans, as these loans are collateral free and suitable for all personal requirements. It is true that for homeowners, getting the desired loans amount is a very easy task, as almost every lender and financial institutions consider them as a reliable borrower. But for non homeowners situation is just reverse, as most of the lenders turn down their loan application due to the unavailability of collateral. These loans cover a wide range of requirement therefore, the loan amount can be used for meting any of the personal requirement.
Personal loan from Barclays
Presenting the hassle free Barclays Personal loan, easily available with flexible repayment options.
* Borrow up to Rs 17 lacs for any purpose depending on your requirements
* Flexible repayment options, with tenors ranging from 12 to 84 months
* Hassle free loans – no guarantor / security / collateral required
* Speedy loan approval
Consumer banking Loans Personal loan Eligibility & documentationThis is alternative content.
Eligibility & documentation* Salaried individuals
* Self-employed individuals
* Self-employed professionalsSalaried individuals include employees of selected Public and Private limited companies, Government sector employees including public sector undertakings and central, state and local bodies.
Eligibility
* Minimum age of applicant: 21 years
* Maximum age of applicant at the time of loan maturity: 60 years
* Minimum gross monthly income: Rs 10,000 p.m.Documentation required:
* Proof of Identity: Passport / Photo PAN Card / Driving License / Election ID card / Any ID card issued by Armed Forces & Public Sector Units (PSU) which has your photo and confirms your date of birth, signature & address.
* Address Proof: Fixed Line Telephone Bill (Recent) / Government or Local Authority Bill / Bank statement / Driving License / Passport Copy / Any ID card issued by Armed Forces & Public Sector Units (PSU) which has your photo and confirms your date of birth, signature & address.
* Latest 2 salary slips OR latest salary certificate.
* Last 3 months bank statements.Self-employed individuals include self-employed businessmen.
Eligibility
* Minimum age of applicant: 25 years
* Maximum age of applicant at the time of loan maturity: 65 years
* Minimum gross annual income: Rs 1,00,000 p.a.Documentation required:
* Proof of Identity: Passport / Photo PAN Card / Driving License / Election ID card / Any ID card issued by Armed Forces & Public Sector Units (PSU) which has your photo and confirms your date of birth, signature & address.
* Address Proof: Fixed Line Telephone Bill (Recent) / Government or Local Authority Bill / Bank statement / Driving License / Passport Copy / Any ID card issued by Armed Forces & Public Sector Units (PSU) which has your photo and confirms your date of birth, signature & address.
* Latest 2 filed Income Tax Returns OR Last Audited Financials with E-Return OR Income Tax Clearance Certificate/ Assessment Order.
* Last 6 months bank statements.Self-employed professionals include self-employed doctors (MBBS, MD, BDS, MDS) and chartered accountants.
Eligibility
* Minimum age of applicant: 25 years
* Maximum age of applicant at the time of loan maturity: 65 years
* Minimum gross annual income: Rs 1,00,000 p.a.Documentation required:
* Proof of Identity: Passport / Photo PAN Card / Driving License / Election ID card / Any ID card issued by Armed Forces & Public Sector Units (PSU) which has your photo and confirms your date of birth, signature & address.
* Address Proof: Fixed Line Telephone Bill (Recent) / Government or Local Authority Bill / Bank statement / Driving License / Passport Copy / Any ID card issued by Armed Forces & Public Sector Units (PSU) which has your photo and confirms your date of birth, signature & address.
* Latest 2 filed Income Tax Returns OR Last Audited Financials with E-Return OR Income Tax Clearance Certificate/ Assessment Order.
* Degree Certificate & Registration Certificate.
* Last 6 months bank statements.Fees and Charges
Barclays schedule of charges for Personal loans
Loan processing charges 2% of the principal amount of the loan.*
Interest on Personal loans As specified from time to time.
No amounts due certificate charge nil
Cheque bounce charges: Rs. 500
Charge in case of failed ECS/direct debit payment: ECS: Rs. 500 for each failed payment.Direct debit: Rs. 500 for each failed direct debit from a Barclays bank account.
Charge for exchanging post-dated cheques, security cheques (per set) and changing ECS and direct debit payment: Rs. 500
Pre-payment charges 5% of the principal outstanding. Pre-payment is only permitted after six months from the date of first disbursement of the loan.
Cheque swap charges involving intercity transfer, entity change or substitution of liability Rs. 500
Duplicate annual interest certificate Rs. 500Sources : http://www.barclays.in/