VK Fincorp Personal Loan

V.K Fincorp is a Delhi-based Non-Banking Financial Company registered with the R.B.I. It is one of the leading loan and financial service providers in the Delhi and N.C.R regions with a decade-long history of servicing clients who have faced difficulties in acquiring loans from banks.

V.K FINCORP offers customers a wide range of loan services and personal loans for salaried employees at attractive interest rates with hassle-free documentation procedures.

Features of V.K Fincorp Personal Loan

Some of the main features of V.K Fincorp Personal Loan are:

  1. Loan amount issued up to Rs 5 Lakh
  2. Personal loans provided exclusively for government, semi-government and private sector employees in Delhi and N.C.R
  3. Loan tenure/duration for 6, 12, 18 and 24 months with a maximum period of two years
  4. Loan repayment by EMI.
  5. The first EMI will be deducted in advance from the loan amount if the loan duration is more than 6 months
  6. No CIBIL check
  7. No advance charges or hidden fees, except an 8% service and documentation fee deducted from the initial loan amount
  8. Easy and convenient repayments
  9. Personalised customer service at your doorstep
  10. Simple documentation process

V.K Fincorp Personal Loan Interest rate

V.K Fincorp offers personal loans at a flat rate of 18.9% over a minimum duration of 6 months and a maximum duration of 24 months.

VK Fincorp Personal Loan

Eligibility Criteria for V.K Fincorp Personal Loan

The eligibility criteria to acquire a personal loan from V.K Fincorp is:

  1. The company needs one guarantor - A government or private service person
  2. The guarantor must own a house of his own or have government accommodation in the Delhi or N.C.R region
  3. One cheque from the guarantor as a security at the time of loan approval, which will be returned once the loan is paid off

Documentation Required for V.K Fincorp Personal Loan

The following documents are required when availing a personal loan from V.K Fincorp:

Customer’s Documents Required:

  1. ID Proof : Photocopy of PAN Card or driving license
  2. Salary proof - Salary slip of the previous month
  3. Last five Months bank statement

Guarantor’s Documents Required:

  1. ID Proof : Photocopy of PAN Card or driving license
  2. Salary proof - Salary slip of the previous month
  3. Signature Verification from bank.
  4. One cheque.

FAQs on VK Financial Services Personal Loan

  • How does one calculate an Equated Monthly Installment, or EMI?

    When determining the EMI, the loan amount, interest rate, and tenure are all taken into consideration. VK Financial Services may provide an EMI calculator on their website to help you calculate how much you will have to pay back each month.  

  • I'm self-employed; is it still possible for me to get a personal loan?

    Yes, VK Financial Services offers personal loans to both salaried and self-employed individuals on a regular basis. Check the prerequisites for self-employed applicants.  

  • What happens if there is a missing EMI payment?

    Missing an EMI payment could have an effect on your credit score and incur late payment costs. Paying your EMIs on schedule is essential. To obtain precise details on costs, refer to the loan contract. 

  • I possess a poor credit rating. Can I get a personal loan from VK Financial Services?

    VK Financial Services, like other lenders, frequently considers credit scores when making choices. You won't be accepted, or your interest rate may increase if your credit score is low.    

  • Can I view the records of every EMI payment I've made for my personal loan from VK Financial Services?

    Yes, you may see the details of all the EMI payments you've made on your personal loan from VK Financial Services by visiting their official website and entering either your loan application number or your mobile number.  

  • What is the maximum loan amount that I am eligible for under the personal loan program of VK Financial Services?

    Under the VK Financial Services personal loan scheme, you can obtain up to Rs.10 lakh. 

  • Is it possible for me to get a personal loan from VK Financial Services to pay for my child's schooling?

    Yes, you are able to pay for your child's education using a personal loan from VK Financial Services. 

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