Edelweiss Personal Loan

Edelweiss Retail Finance is India’s one of the most top NBFC (Non Banking Financial Service) in India. ECL offers various kinds of financial products like housing loans, SME Finance, salary advance loans etc. ECL offers personal loan to both self-employed and salaried individuals. ECL offers salaried people personal loan this loan is specially designed for salaried peoples.

Why choose ECL Personal Loan?

ECL Personal Loan offers amazing benefits to its customers. From lowest interest rate to flexible EMI it offers a lot. So here are the reasons of why you should go for Edelweiss Personal Loan provides personal loan.

• Documentation

  The documentation for ECL Personal Loan provides is very minimal. They just need minimum documents like your income proof and address proof and ECL Personal Loan provides personal loan is a UN secured loan so you don’t need any guarantor or you don’t have to mortgage anything for ECL Personal Loan.

• Interest Rate

  ECL Personal Loan provides personal loan with lowest interest rate. If you are someone who has High CIBIL Score and you want a loan you can go for ECL Personal Loan.

• Online

  ECL Personal Loan offers you online facility you can pay your ECL Personal Loan EMI online. Even after you successfully applied for ECL Personal Loan you can check ECL Personal Loan application status online. This will help you to check what your current ECL Personal Loan application status is.

• Repayment

  You can easily repay your ECL Personal Loan EMI online. You also can pay it with cheques. They also give the facility to track both.

Features of ECL Personal Loan

Personal Loan gives you wings to fly. You can use a personal loan to fulfill your dream. You don’t need any guarantor or don’t have to mortgage anything to take a personal loan. It is an easy process. You also can apply online to get Edelweiss Personal Loan which is also Hasselt free. ECL Personal Loan always tries to assure that you are getting maximum amount of personal loan. The most important thing about personal loan is your CIBIL Score which is most important. Your CIBIL Score must be 650-850 to get the personal loan.

• Lowest Interest Rate

  Interest rate is one of the most important things in personal loan. It depends on many things, the amount you earn, your CIBIL Score etc. If your CIBIL score is high your interest rate will be low. Most of the time your interest rate depends on the repayment ability of yours. Edelweiss Personal Loan offers interest rate 12%-23%* which is very low compared to other NBFCs. ECL Personal Loan has fixed interest rate so your interest rate will be the same from the first it won’t change on every month.

• No Documentation

  You doesn’t have to submit any documents for your ECL personal loan. The documentation is very minimal. The most amazing thing is you can apply online from your home directly.

• Hassle Free Application

  You can easily apply on ECL Personal Loan. You also can apply online with minimum documents and they don’t even require any guarantor to approve your loan.

• Get your loan in 24 hours

  ECL Personal Leant. approves your loan in 24 hours if all your documents are correct. When all the other companies take 3-7 days to disburse your loan ECL Personal Loan does it just in 24 hours which is amazing. You also can apply online from your home.

• Processing Fees

  The processing fees are very loan in ECL Personal Leant. When other NBFCs take 3% to 5% for processing fees. Edelweiss Personal Loan only takes 2% for processing Fees.

• Tenure of Loan

  Tenure of your loan matters most in your loan. You can avail 1 to 2 years of tenure to repay your loan. Your interest rate also depends on loan tenure. If you take a loan for small tenure your interest rate will be low and if you take a loan for longer tenure your interest rate will be high.

• Foreclosure Charges

  The foreclosure charge or pre-closure charges of ECL Personal Loan are 4%. If you completed your personal loan before the tenure you have to give an extra charge of 4% of outstanding principal.

• Say good bye to the guarantor

  There are so many loan providers who wants guarantor before giving you the loan but ECL Personal Loan doesn’t need any guarantor to approve your loan.

• Check Your Eligibility Online

  If you want to take a personal loan and want to check your ECL Personal Loan eligibility; you can check it online in our site.

ECL Personal Loan Benefits

• The maximum loan amount for Edelweiss Personal Loan is Rs.10lakh. They offer loan amount up to Rs.10lakh to its customer.
• The ECL Personal Loan documents are very minimal. You just have to submit your address proof and your salary proof.
• The ECL Personal Loan process is completely online so you can receive the instant approval for your loan.
• An applicant also can go for an E-Kyc and eSign through Aadhaar for loan processing that is faster than normal.
• The ECL Personal Loan has attractive features and loan get disbursal within 24 hours.
• ECL Personal Loan is giving personal loan for salaried
• The age of borrowers for ECL Personal Loan is 25 to 60 years.
• The tenure for ECL Personal Loan is 12 to 24 months.
• ECL Personal Loan interest rate is also very low it starts from 12.99% to 19.99%*.
• With help of online facility you can repay your ECL Personal Loan payment online.

Points you should remember before taking Personal Loan

• Personal Loans are a type of installment loan. Which means applicator will borrow a fixed amount of loan from bank or NBFC. Borrower has to pay back to the bank or NBFC by installments in 12 to 60 months with interest. Once you have paid the loan your loan account gets closed.
• If you need 3Lakhs then just borrow 3Lakhs from bank or NBFC don’t borrow excessive money only because you have eligibility. You will receive cold calls, e-mails or messages from bank or NBFC but don’t fall for it.
• Banks and other financial institutions who give the personal loan always check the CIBIL Score before giving you personal Loan. So you have to maintain the score. You have to pay your EMIs on time. Because if you have high CIBIL Score your interest rate will be low.
• Personal Loans are more difficult to get because it is an unsecured loan so bank or NBFCs can’t take any of your property if you can’t repay the loan and interest rate is higher than any other loan.
• Personal Loans have fixed interest rate. It doesn’t change by time if you got a loan on 15%* interest rate it would be the same till the last date of your repayment.
• Penalty Charges are heavy on personal loans if you missed an EMI that Bank or NBFC have right to charge you. And it also affects your CIBIL Score. So pay your loan on time.

Eligibility for ECL Personal Loan

If you are someone who are opting for Edelweiss Personal Loan you should know the eligibility criteria’s of ECL Personal Loan.

• He/ She must be salaried.
• The monthly income should be at least Rs. 35,000.
• The age applicant should be in between of 25 to 60 years.
• The applicant should have worked at least for six months on current organization.
• The total work experience of the applicant for Edelweiss Personal Loan should be at least for two years.
• The minimum CIBIL Score for ECL Personal Loan should be at least 600.

Documents required for ECL Personal Loan

• Salaried

  • Dully signed ECL Personal Loan application form with passport photographs.
  • Identity Proof and age proof (PAN Card/ Driving License/ Passport/ Voter ID/ Aadhaar Card etc)
  • PAN Card (Must)
  • Address proof (Aadhaar Card/ Passport/ Landline Bill/ latest electricity bill/ Rent Agreement)
  • Last Six months Bank statement
  • Salary slips of last 3 months.
  • If currently you are paying any EMI for Credit Card or Personal Loan.