How to Get Instant Cash Loan in Jaipur: Easy Online Process
If you live in Jaipur and are in urgent need of a cash loan, you can apply online. Whether you need a loan for starting a business, for a medical emergency, for education, for marriage or any other purpose, you can apply and get an instant cash loan in Jaipur.
Read on to know how to get a personal loan in Jaipur, interest rates, how to calculate EMIs and the documents required.
Benefits and Features of Instant Cash Loan in Jaipur
Here are some benefits and features of the personal loan in Jaipur offered by Navi –
- Unsecured Loan
Personal cash loans are unsecured loans. This means that you do not have to pledge collateral or find a third-party guarantor. The funds are sanctioned based on your income and eligibility criteria. - Optimal Loan Amount
You can apply for a cash loan up to Rs.5 lakhs. If you need help during a financial crisis, you can meet both your small and big financial obligations easily. - End Usage Not Restricted
The cash loan you get does not have restricted end-usage. You are free to use the loan funds for any financial needs. - Flexible Repayment Tenure
Most banks and NBFCs have flexible repayment tenure. This means you can repay the loan amount at a convenient monthly EMI amount. - EMI calculator
While taking a personal loan in Jaipur, you must also have a loan repayment plan. Online personal loan EMI calculators can help you calculate the monthly EMI. All you need to do is enter the loan amount, rate of interest and tenure. - Minimal documentation
The loan application process is fully online. Your loan can get approved only with your PAN and Aadhaar card. Before loan disbursal, you may need to upload the KYC documents.
Instant Personal Loan in Jaipur Details
| Loan Amount | Up to ₹20 Lakh |
| Interest Rate | 9.9% to 45% p.a |
| Foreclosure Fee | Nil |
| Tenure | Up to 72 months |
Interest Rates for Personal Loan in Jaipur
| Banks/NBFCs | Interest Rate (p.a.) | Processing Fee |
| Navi Personal Loan | 9.90% onward | Check with the lender |
| HDFC | 10.50% onward | Up to 2.5% |
| Yes Bank | 13.99% onward | Up to 2.5% |
| Kotak Mahindra | 10.25% onward | Up to 2.5% |
| Axis Bank | 12.50% onward | Check with the lender |
| IndusInd Bank | 11% onward | 2.5% and above |
| IDFC FIRST | 12% onward | Up to 3.5% |
| Home Credit | 19% onward | Up to 5% |
| Aditya Birla Capital | 14% onward | Up to 2% |
| IIFL | 24% | 2% onward |
Important: This table is for educational purposes only and the final rate offered is solely at the concerned lender’s discretion. Navi doesn’t take responsibility for any interest rate changes that may occur in the due course of time.
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Eligibility for Instant Personal Loan in Jaipur
To avail of an instant cash loan in Jaipur, you are required to fulfil the eligibility parameters set by lenders. With Navi, there are no specified eligibility parameters. Navi uses a technology-driven model to determine and approve your loan. It is digitally checked through its application.
However, for other lenders in Jaipur, the eligibility criteria or a personal loan in Jaipur are:
| Age of the applicant | The minimum age of the applicant usually lies between 18 and 25 years across lenders. The maximum age, however, is usually restricted to 65 years |
| Occupation of the applicant | The applicant should either be a salaried employee or a self-employed individual |
| Monthly income of the applicant | There is a minimum monthly income requirement that ranges from Rs.15,000 to Rs.30,000 or above across lenders |
| CIBIL score of the applicant | A credit score above 750 is preferred for a personal loan in Jaipur |
Calculate Your Personal Loan EMI
Loan Amount
Rate of Interest (P.a)
%
Loan Tenure (Years)
Years
Monthly EMI
0
Total Interest
Total Amount
Documents Required for a Personal Loan in Jaipur
The financial institutions in Jaipur would need the following list of documents that need to be submitted.
- Identity proof (Aadhaar, PAN, Passport, etc)
- Income proof or Bank account statements
- Age proof (Aadhaar, Driving Licence, etc)
- Address proof (Aadhaar, Ration card, voter’s ID, etc)
- Recent Passport sized coloured photograph
- Along with the aforementioned documents,
A Salaried individual would need
- Salary slip for the last 3 months
- Form 16
A Self-Employed individual would need
- Balance sheet and profit & loss account, previous two years’ income computation
- IT Returns for the last 2 years
- Business Proof (Registration Certificate, Licence, GST)
- Income Tax Challans or Form 26AS
Follow these steps to get a personal loan in Jaipur with Navi:
- Download the Navi app
- Enter your mobile number to get OTP
- Fill in your basic details – Name, DOB, PAN, Employment Type, Profession and Total Monthly Income
- Check loan offer
- Select loan amount and tenure
- Link your bank account
Upon verification, the loan will be disbursed within a few minutes.
How to Calculate Cash Loan EMI in Jaipur?
It is easy to calculate personal loan EMIs. Open an online personal loan EMI calculator. Add your loan amount, rate of interest and tenure. The calculator will display the monthly EMI amount.
For example, you want to apply for Rs. 1 lakh personal loan in Jaipur. The rate of interest is 9.90% and the tenure is 5 years. Then, your monthly EMI would be Rs. 2,531 and the yearly breakdown would be as follows:
| Year | Principal Paid (Rs.) | Interest Paid (Rs.) | Total Payment (Rs.) | Outstanding Loan Balance (Rs.) |
| 2022 | 12,245 | 5,475 | 17,720 | 87,755 |
| 2023 | 22,699 | 7,676 | 30,375 | 65,054 |
| 2024 | 25,054 | 5,325 | 30,379 | 40,000 |
| 2025 | 27,650 | 2,728 | 30,378 | 12,350 |
| 2026 | 12,351 | 308 | 12,659 | 0 |
Things to Remember Before Taking a Personal Loan in Jaipur
- Credit Score – Credit score ranges from 300 to 900. A credit score above 750 is preferred by most lenders across India. If your credit score is below 700, don’t worry. You can improve your credit score and get a personal loan in Jaipur.
- Compare Interest Rates – Consider comparing the interest rates of personal loans offered by various lenders. This will help you get a personal loan at the lowest possible interest rate.
- Check the Fees and Charges – Processing fees, GST, foreclosure charges, etc. are added fees and charges that you must check before applying for a personal loan from a lender.
- Calculate EMI – Calculating EMI is important to plan your repayment. Use an EMI calculator and choose a tenure that will help you repay the loan without causing any financial burden.
Final Word
Getting an instant cash loan in Jaipur has become easier than ever. With a few clicks, you can apply online and the amount will be credited to your account. Since there is no restriction on the end usage, you can use the loan for various purposes. However, to prevent financial burden, always calculate how much loan you exactly need and apply for that exact amount. Plan your repayment and clear the dues to on time to maintain a good credit score.
If you are ready to get a personal loan in Jaipur, download the Navi app and apply now!
FAQs on Instant Cash Loan in Jaipur
Ans: Paying off the loan before the chosen tenure is called prepayment. Many lenders allow prepayment facilities and so you should check whether your lender allows this facility or not. There might also be a prepayment charge involved if you pay the loan before the tenure. Navi, however, allows easy prepayment of your loan, and that too without any prepayment charges.
Ans: EMI stands for Equated Monthly Installment. It shows the monthly repayment amount that you need to pay to pay off the loan over the chosen tenure. The EMI contains the principal amount of the loan as well as the interest payable thereon.
Ans: The lowest interest rate on a personal loan in Jaipur is 9.90% if you avail of a personal loan from Navi.
Ans: You can get a personal loan in Jaipur within the same day and, sometimes even within an hour. You can apply online with Navi for a personal loan. Just enter your mobile number, name, PAN card, Aadhaar card, date of birth, employment details and bank account details. The app will verify the information and the loan will be disbursed into your account.
In this digital age, you do not need to find private money lenders in Jaipur. You can get an immediate loan by applying online at competitive interest rates, flexible EMIs and quick loan disbursal. Download the Navi app to apply now!
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