How to get a loan of Rs 15000:- Sometimes a small need of money arises in our life. There may be a need somewhere where a loan of Rs 15000 may be necessary to help you. You may also want to know how to get such loans, what is their interest rate and what are the required documents. In this blog post, we will discuss all these matters in detail and try to simplify the process for you.
What is interest rate and how is it determined?
When we talk about a loan, the first thing we should know is the interest rate of that loan. The interest rate is the amount we have to pay for the loan on the amount of money we borrow. The interest rate depends on many factors such as the demand for the loan, your past credit history, the loan documents etc. The interest rate is usually expressed as an annual percentage. Whatever the loan may be, you have to repay it at the annual interest rate according to your loan balance.
What are the required documents before applying for a loan of Rs 15000?
To apply for a loan, you must have some important documents. If you want a loan of Rs 15000, you may need the following documents:
1. Aadhar Card: Aadhar Card is your identity and it is the most important document that has to be submitted while applying for the loan.
2. Profile Proof: You have to submit profile proof giving information about your address, family members and any other recognized addresses. You can get this document from landlord, apartment rental, warehouse, or other such property.
3. Income Card: The loan company needs to know what your income is. Therefore, you must include an income card, which should be proof of your job, business or any other supplies.
4. Bank Statement: While applying for the loan, you need to submit a copy of your last 2-3 months bank statement. This will give the loan company an idea of your financial condition and will be able to see whether you will be able to repay the loan benefits or not.
Where to get a loan of Rs 15000?
When we are in need of money due to urgency or need for any commercial enterprise, educational business or for your professional needs, we may sometimes need a loan. Despite being rich, before drawing a conclusion we often face the question that from where we can get a loan of Rs 15000? In this post, we will present some simple ideas to solve this problem.
How to take loan of Rs 15000 from PayMe India App?
The process of getting a loan from Paymi India App is very simple and secure. You can complete the entire process by following the following sections:
1. Install the App: The first thing you need to do is install the Pay Me India app on your smartphone. You can download it from your user store.
2. Login: After the installation is complete, you need to login to the app. On the login page of the app you have to enter your mobile number and password.
3. Register: After login, you have to register in the app. You have to enter your personal information such as name, address, Aadhaar card number, etc.
4. Select Loan: After registration, the app will show you the available loan plans based on eligibility. You should read all the details carefully and choose the loan as per your eligibility.
5. Apply for the loan: After choosing the loan plan, you have to apply for the loan through the app. The app will give you the option to enter the exact amount based on your requirements. After submitting your application, you will need to provide personal and financial details.
6. Review the formalities and details: After submitting your application, the Pay Me India team will review your formalities and details. They will go through the information provided by your trusted experts and check your credit worthiness.
7. Get Loan Sanctioned: Based on the authenticity of your details and credit worthiness, the Pay Me India team will approve you loan.
8. Receive funds: After receiving loan approval, Pay Me India will credit the funds to your bank account. The process of receiving funds will be based on your bank account and the method of payment chosen.
Eligibility for taking loan of Rs 15000
- Be an Indian citizen.
- The applicant should be a salaried employee or have his own business.
- Minimum monthly income from all sources should be ₹15000.
- The age of the applicant must be 18 years or more.
- The maximum age limit at the time of loan is 56 years.
- The applicant must be working in his/her field for the last 6 months.
Ending
Even in unusual circumstances, the availability of financial resources to meet our needs can prove beneficial to us. A small loan of Rs 15000 can provide you support during this time. If your need for this amount is permanent, then the above information will help you understand the documents required, interest rate information and application process. When considering this type of short-term loan, make sure you can afford the repayments so that the burden of repaying your loan falls on your financial condition.