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ECL Finance Personal Loan Interest Rates

ECL Finance Personal Loan will help you to fulfill all your dreams, with the help of lowest ECL Finance Personal Loan Interest Rates; you can use this loan for any purpose. You can get the minimum ECL Finance Personal Loan Interest Rates if you are salaried and if you have higher Credit Score. You need to have a minimum Credit Score of 700 to have lowest ECL Finance Personal Loan Interest Rates. The minimum ECL Finance Personal Loan Interest Rates starts from 19.05%*.

ECL Finance Personal Loan Interest Rates Calculator

Your ECL Finance Personal Loan Interest Rates is calculated through your eligibility criteria. If you have higher eligibility criteria your ECL Finance Personal Loan Interest Rates will be lower. And if you have lower ECL Finance Personal Loan Eligibility Criteria your ECL Finance Personal Loan Interest Rates will be higher.

Reducing ECL Finance Personal Loan Interest Rates is not that hard, you just have to follow some rules; if you have higher credit score your ECL Finance Personal Loan Interest Rates will be lower. So here are some factors which will affect your ECL Finance Personal Loan Interest Rates.

  • CIBIL Score

    CIBIL Score or Credit Score is the most important thing on your ECL Finance Personal Loan Interest Rate. If you have high CIBIL Score that means your ECL Finance Personal Loan Interest Rates will be low and if you have low CIBIL Score you’re ECL Finance Personal Loan Interest Rates will be high. Your CIBIL Score depends on how you pay your personal loan. To make your CIBIL Score high you need to repay your personal loan on time. And you will get lower ECL Finance Personal Loan Interest Rates.

  • Applicant’s Age

    The applicant’s age is one of the most important in ECL Finance Personal Loan Interest Rates. The age group for personal loan eligibility is 21 to 60 years old. The younger you are there are much chance that you will have a lower ECL Finance Personal Loan Interest Rates. You will even get offers if you are applying for a personal loan in younger age. Your ECL Finance Personal Loan Interest Rates will be much lower on younger age.

  • Employment

    Your employment stability matters a lot on your ECL Finance Personal Loan Interest Rates. If you are a salaried person your employer also matters as every financial institution have a company list and if your employer is in the CAT A list your ECL Finance Personal Loan Interest Rates will be low. And if you are working there more than two years your ECL Finance Personal Loan Interest Rates will be low. And if you are self-employed you must run your business at least for five years to have high personal loan eligibility. And if you are working with a top notch company you salary is also high and if you are in a high position that means you will have a bright career ahead so your ECL Finance Personal Loan Interest Rates will be low.

  • Existing Debt

    If you are someone who has existing debt on his neck your ECL Finance Personal Loan Interest Rates can be higher. As you are already paying EMIs on those and if you are taking a new one this can be your liability and you won’t get any loan if your existing loans has already consumed 40% your monthly income. So it is advisable if you have any existing personal loan you can transfer the balance with the new one and can take a top up loan so your ECL Finance Personal Loan Interest Rates can be lower.

  • Geographic Location

    Geographical locations matters a lot on your ECL Finance Personal Loan Interest Rates as if you are from metro city you will get lower ECL Finance Personal Loan Interest Rates than someone from rural areas. Also some financial institution has red marked on some places so if you are from one of those places your ECL Finance Personal Loan Interest Rates will be high.

  • Housing Situation

    If you have your own house there are maximum chances that your ECL Finance Personal Loan Interest Rates will be low and your personal loan will be approved but if you are living in a rental house your ECL Finance Personal Loan Interest Rates will be high as your monthly income gets lower for that.

*Interest rate and Loan approval are subjected to band discretion and approval.

FAQ’s

The minimum ECL Finance Personal Loan Interest Rate is 19.05%*
The loan tenure for ECL Finance Personal Loan is 12 to 60 months.
The maximum ECL Personal Loan amount is Rs. 10lakhs.
The minimum salary for ECL Personal Loan is Rs. 18,000.
The minimum age for ECL Personal Loan is 21 years.

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