Welcome

  • +91-9537-124 124

    care.f@livanity.com

  • A-504, Rajnigandha Apartment

    VADODARA-390021,GUJARAT,India.

pscDiv1Img1.jpg

Personal Loan for Proprietorship Firm Employees may be vary of approving loans based solely on their credit score and income.

Personal Loan for Employees having Job in Proprietorship firm

A personal loan for employees working in a proprietorship firm is a financial product offered by banks or financial institutions to individuals who are employed by a business owned and operated by a single person (the proprietor).

These loans are typically unsecured, meaning they don't require collateral, and are intended to meet personal financial needs such as medical expenses, home renovation, debt consolidation, or other unforeseen expenses.

The eligibility criteria, loan amount, interest rates, and repayment terms may vary depending on the lender's policies and the borrower's creditworthiness.

Get a Quote

Personal Loan for Employees having Job in Proprietorship firm-

For an Inquiry

Occupation
Nature of Loan
pscDiv2Img1.jpg

Following are the procedure steps:

1. Eligibility Check:

The borrower needs to meet the eligibility criteria set by the lender, which usually includes factors such as age, income, employment stability, credit score, and other financial obligations.

2. Documentation:

Gather the necessary documents required by the lender. These may include:

  • Identity proof (such as Aadhaar card, passport, or driver's license)
  • Address proof (such as utility bills or rental agreement)
  • Income proof (salary slips, bank statements, income tax returns)
  • Employment proof (employment certificate, appointment letter)
  • Any other documents as specified by the lender

    • 3. Loan Application:

    Fill out the loan application form provided by the lender.

This can often be done online or at the lender's branch office.

4. Submission of Documents:

Submit all the required documents along with the loan application form to the lender.

5. Verification:

The lender will verify the submitted documents and assess the borrower's creditworthiness, employment stability, and repayment capacity.

6. Loan Approval:

If the lender is satisfied with the borrower's eligibility and documents, they will approve the loan application.

7. Loan Disbursement:

Once approved, the loan amount will be disbursed to the borrower's bank account.

8. Repayment:

The borrower is required to repay the loan amount in fixed monthly installments over the loan tenure. The repayment can usually be done through post-dated cheques, Electronic Clearing Service (ECS), or auto-debit facility.

Why choose Livanity for Personal Loan for Employees having Job in Proprietorship firm?

Livanity is a one-stop solution for all your financial needs. Here, we try to provide you best services that are hassle-free and quick in nature. For Personal Loan for Employees having Job in Proprietorship firm, we provide you a comparative analysis of what different banks are offering. We also assist you in your final decision.

Here are a few reasons for you to apply for a Personal Loan for Employees having Job in Proprietorship firm at Livanity:

Fast assistance:

At Livanity, you can contact us at any official working hours of the day.

Customer needs in forefront:

Your needs are our priority. We promise to deliver you with services that are best on our capabilities. By handpicking loan offers based on customer profile, we try to give you the most personalized experience.

Compare Offers Online:

With more than 100 lenders as partners, you can compare the different offers of financial institutions to make the right decision. In fact, we help you find the best lender as per your eligibility requirements. There is a personalized relationship lender for every customer who helps him/her select the bank of his/her choice.

Real-time customer support:

Our customer support team is fast and efficient to clear all your doubts regarding loan eligibility, procedures, offers, documentation and repayment options. We even contact with the respective lender on behalf of you.

Copyrights © 2020 All Rights Reserved. Powered by Livanity Financial Services