TheSampoornaLoan offered byUAExchangePersonal Loan has the following features and benefits:
The loan amount can be upto Rs.2lakh.
Theprocessing fee amountisminimum Rs.1000andmaximum is calculated as 2% oftheloan amount.
The loan repayment periodis 12 months and can be extended to 18 months in case the loan quantum is above Rs.1 lakh.
Name of loan
From Rs.50,001 to Rs.2 lakh
Individuals who wish to apply for a personal loan underUAExchangeare required to submit the following documents:
Identity proof of the borrower
Identity proof of the guarantor
Web cam photo of borrower
Web cam photo or guarantor
Field verification report
CIBIL checking report
Salary slip of previous three months
IT returns of previous 2 years
Proof of employment
Salaried employees and businessmen can apply for a personal loan underUAExchange. The salary certificate needs to be submitted in case of salaried individuals and proof of business income needs to be submitted in case of businessmen.
How theEMI calculation forUAExchangePersonal Loan work?
The idea of personal loanscan be explained easily with the help of a simple example.Let’s say Mr. Rahul requires Rs.60,000 for his father’s medical expenses. He can easily apply for a loan fromUAExchangebank at 24% p.a. rate of interest for a1 yearrepayment term.Assuming the processing fee levied is 1% of the loan amount, let’s look at the EMI schedule for the amount he plans to borrow:
Total Payment (A+B)
Outstanding Loan Balance
In case you areplanning to borrow a differentloanamount, you can always check the EMI you have to pay by using the online EMI calculator
CompareUAExchangepersonal loanwithloans from otherlenders
Oriental Bank of Commerce Personal Loan
South Indian Bank Personal Loan
11.5% p.a. onwards
0.5% oftheloan amount+ GST
2% of loan amount
Late payment fee
As per loan document
2%p.a.over the regular lending rate
As per loan document
Maximum loan amount
Do Ineed to name a guarantor for the loan?
Yes, a guarantor,who will repay the loan in the borrower’s absence, needs to be named while applying for the loan.
Does the guarantorneed to provide documents?
Yes, the guarantor is required to provide an identity proof, a photograph, and a cheque.
Can I get a loan for Rs.30,000?
No, since the minimum amount is Rs.50,000,you cannot avail a Rs.30,000 loan.
Why do I need to submit my salary slips?
The company will require salary slips to ascertain if you will be able to repay the loan amount or not.
Can my loan application be rejected?
Yes,yourloan application may be rejected if the bank doesn’t consider your profile credible due to a low credit score or due to an unsound financial standing.
A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.
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The Mehsana Urban Co-Operative Bank Personal Loan Reviews
BAJAJ FINANCE has offered a pre approved personal loan offer and I accepted for the same. I have taken this loan 2 months back. The process was smooth and submitted required docuemtns within 1.5 hrs amount was credited to my account with 1.64L with tenure period of 4 years. The rate of interest is 18% which is high. Fee was deducted of 9K. There is pre closure option after 30 days with charge of 4%. EMI need to pay the amount of 4K. The best which I would like to say is online process was done with short term.
I have taken personal loan from HDFC bank as I need some loan for personal reason. It was nice because the loan was sanctioned on time.The interest rate is 13%. The tenure of the loan is for 4 years but it have completed only 1.5 years. I got my loan easily without any delay.
I taken a personal loan from HDFC bank on 2 years back. The tenure period of 3 years. An interest rate is high of 12%. The amount was sufficient and processing fee deducted of 3K. EMI need to pay of 7,175 rupees. I use to get remainder message. There is no option of pre closure. They have sanctioned the loan by 1 week. For first and second month I faced some payment issue so I visited to bank then it was resolved.
IDFC Bank offered Rs.60,000 of a personal loan and the rate of interest was actually they took 12-13% normal interest and pre closure charges is 3%. I opted for the tenure of two years. I am paying Rs. 4,000 monthly EMI and instantly it got approved.
The rate of interest and processing fee was very high on Capital First since requirement was there taken this loan . I have got callback from capital first and there was proper response as well. This loan is still active and the loan got sanctioned on time .The loan amount was 2.5lakhs for the tenure of 3 years .
The rate of interest was very high with Home credit India Finance Pvt Ltd .This loan was sanctioned on exact time frame and it was taken for personal use and i have submitted documents through agent . If the premium is paid on delay basis there is no extra charge. I have successfully closed the loan.
I have taken personal loan from BANK OF BARODA before four years. Their service was really good and timely responded for my loan application. BOB offered an interest rate was normal .Totally I had taken the tenure of 4 years. But after 3 months they have given an option for foreclosure without any additional charges.
Axis Bank has offered a personal loan and the loan amount was Rs. 50,000 and the rate of interest was normal. I am paying EMI 4500 including all kind of Tax with the period of 1 year. Pre closure charges and part payment options are available and its a instant loan approval.
I got an offer for personal loan from Home credit. I used the loan for investment and the loan was sanctioned on time.The tenure of the loan were 3 years and its almost complete. But an interest rate was a little high which is 7%. The overall experience with the personal loan were fine.
I have taken a personal loan from Bajaj finance and the loan amount was Rs. 30K. I opted for the tenure of 1 year but they did for 3 years and also they have misused my details, i dint given my bank account number. I have purchase for Rs. 10k but they are called me for100 times and they are saying cheque bounce charges i need to pay, same problem my cousin brother also faced and i blocked this service. Customer service need to improve whenever i called getting hindi speaking, i am comfortable with Kannada, Tamil and English.
Since I don't have a salary slip which i unable to get it from my company, personal loan application got closed by bank. Person from HDFC bank called me and informed that my loan has been closed. The customer service was good but the rate of interest is very high.
My personal loan was taken through Axis Bank.still this loan is active and the rate of interest and processing fee was medium .This loan was availed for personal use and it was a paperless approval since have saving account ,loan got sanctioned on proper time frame .This loan was availed for my personal use.
The rate of interest was very high 10.45% for personal loan from HDFC Bank. So i request to close this loan because i alreay taken a loan from other bank with the normal interest. Customer service and responsive was good, need to work on interest rate.
Since I work for LLP company, INDUSIND has not offered the personal loan. The rate of interest was nominal for the loan. While doing verification banker came to know from which company I work so the application was rejected from bank end. The banker would have disclose those information at earlier.
I have applied HDFC personal loan through online. They are asking many documents to submit but i am not interested to provide any documents to them hence banker closed the loan process. In future I will go to the bank directly and I will apply this loan . For an emergency purpose only I chosen this bank.
BAJAJ FINANCE has provided a personal loan of 3L. Hence I taken this loan on 2.5 years before. Within 4 months am going to close this loan. The tenure period of 3 years. The rate of interest is nominal. EMI need to pay of 11,500 rupees. The pre closure is applicable, before 6 months I was try to close the loan but banker told to provide Pan Card but at that time I have not taken to bank hence I am unable to do it.
I have applied Hdfc bank personal loan through online .There was lack of information from online customer service ,i have not availed the loan since i have requested some information they have gather my details and without any information they have told application is on process this was the issue.
I have applied for HDFC Bank personal loan through online .I am unable to avail this loan since dont have payslip.I have not submitted any of my documents.I have got proper notification from bank end and there was no drawbacks faced .Everything was good to me when applied for this loan.
I have not taken Hdfc bank personal loan since no proper response from bank end .The rate of interest and the processing fee was not shared .I have submitted documents and the loan process was explained by the agent .Since no proper acknowklegement from bank i have not taken this loan.
I have not faced any difficulties when applied for HDFC Bank personal loan .The rate of interest and processing fee was an issue .The reason was not shared to me for what purpose this loan was not sanctioned and documents are not submitted. There was no callback and follow up from bank end .