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Personal Loan in Bhopal

Personal Loan
In recent years, Bhopal has seen improvements in infrastructure, employment, and industries, with a notable rise in micro, small, and medium enterprises. Whether you need money to fund or support your local business or to cover unexpected medical expenses, a personal loan can be a good idea to meet your financial needs.

Get Personal Loan in Bhopal with Quick Approval

Get a personal loan upto ₹2,00,000 in Bhopal with Zype. We offers instant personal loans with fast loan approval. The loan application takes under 6 minutes to complete. You only provide basic details like your name, mobile number, PAN and Aadhar card details. Once the application gets approved, the loan is generated within 60 seconds. The loan repayment can be made in 6, 9 or 12 months EMI.

Features and Benefits of Taking a Personal Loan in Bhopal

You can get a personal loan in Bhopal with Zype. Below are the key features and benefits of choosing a personal loan from Zype:  
Simple Application Process

Easy Application

Complete the loan application in under 6 minutes. Once approved, a loan offer is generated within 60 seconds.

Personal Loan Instant Disbursal

Fast Approval

Once the loan applications get approved, an offer is generated within 60 seconds.

100% Paperless Process

No Paperwork

Zype requires basic details and PAN and Aadhaar card details. This makes the loan application paperless and hassle-free. The process is entirely paperless. Just provide basic details, including your PAN and Aadhar card information, for a hassle-free experience.

Loan Without Collateral

No Collateral

You can get a loan without submitting any of your assets (like gold or a house). This makes taking an instant personal loan a convenient option for accessing funds.

Affordable Interest Rate

Affordable Interest Rates

Enjoy competitive interest rates on Zype starting at just 1.5% per month.

Flexible repayment options

Flexible Repayment

Loan repayment is flexible with EMI tenure ranging from 6, 9 or 12 months.

Personal Loan EMI Calculator

Loan Amount (in rupee)

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  • 3000
  • 5L

Interest Rate (%)

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  • 6
  • 38

Loan Term (in months)

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  • 3
  • 72
calculator

Your EMI is

₹ 0.00

Total Interest

₹ 0.00

Total Amount Payment

₹ 0.00

Eligibility Criteria for Personal Loan in Bhopal

Before applying for a personal loan, it’s important to ensure you meet the lender’s eligibility requirements. Here are the key criteria to qualify for a personal loan on Zype:

Age

The minimum age criteria for loan applicants is 21 years and above. It is important to check the lender's eligibility criteria before you apply for a personal loan.

Employment Status

You need to have a stable source of income to get loan approval. The borrower must be a salaried employee or self-employed with a stable source of income.

Monthly Income

On Zype, to be eligible for a personal loan, you must have a minimum salary of ₹15,000.

Credit Score

Most lenders require the credit score to be 700 and above.

Required Documentation for Personal Loan in Bhopal

Traditional banks require a lot of paperwork when you apply for a personal loan. With Zype, the application process for a personal loan in Bhopal is hassle-free. You only require basic details for the quick application process. The required details for a personal loan on Zype include: 

Mandatory Documents

Mandatory Documents

You are required to provide basic details along with PAN card and Aadhaar card details. You don't need to submit or upload any documents. This makes the loan application quick and hassle-free.

Proof of Income (Optional)

Proof of Income (Optional)

If you intend to apply for a higher loan amount, you need to submit bank statements for the last 4 months or a salary slip.

Online Verification Through Selfie

Selfie Verification

To get your loan offer, you need to do a real-time selfie verification to complete the KYC.

Interest Rates on Personal Loans in Bhopal

Interest rates on personal loans in Bhopal are affordable. Below table states the type of charges that Zype levies when you take a personal loan:
Loan & other chargesDetails
Loan AmountLoan is available with ₹3000 - ₹2,00,000
Interest RatesInterest rates start from 1.5% (monthly)
Loan TenureRepayment can be done within 6, 9 and 12 months
Processing FeesProcessing fees is between 2% to 6% on each loan

Purposes of Personal Loans in Bhopal

How to apply for a Personal Loan in Bhopal?

Zype has an easy application process for personal loans. To apply for a personal loan in Bhopal, follow the below steps:

1) You can download the Zype Loan App or register on Zype’s official portal. 

2) Complete the application by submitting basic details like name, mobile number along with PAN and Aadhaar number. The application process gets completed in under 6 minutes.

3) Once the application is reviewed and approved, a loan offer gets generated. You need to do a real time selfie verification to complete the KYC.

4) Once the loan offer gets generated, enter the loan amount and tenure that fits your budget.

5) The funds are directly deposited in your account for usage.

Frequently Asked Questions

What is the time taken by Zype to approve Personal Loan in Bhopal?

Once the applicant completes the personal loan application and fulfils the eligibility criteria, Zype approves the loan. The time taken by Zype to approve personal loan in Bhopal is less than 60 seconds.

How can an applicant check the status of a loan application for personal loan Bhopal?

An applicant can check the status of their loan application for personal loan in Bhopal by

  1. Using the loan App,
  2. Contacting customer care
  3. Using Net banking if you have a Saving account in the same bank.
What is the loan amount range offered for personal loans in Bhopal?

The loan amount range varies across lenders. On Zype, the loan amount range is between ₹3000 and ₹2,00,000.

Are the interest rates competitive for personal loans in Bhopal?

Yes, the interest rates are competitive for personal loans in Bhopal. On Zype, the interest rates are between 18% to 36% per annum.

Can I get an instant loan in Bhopal with a low CIBIL score?

Yes, you can get an instant loan in Bhopal with a low CIBIL score. However, the loan terms will be strict with either the interest rates being higher or the loan tenure being shorter. The majority of the lenders do require a good CIBIL score for approving an instant loan.

Can a Person get a personal loan for a low salary in Bhopal?

Yes, it is possible to get a personal loan for a low salary in Bhopal. You need to have a good credit score. Additionally, most lenders require a minimum salary of ₹15,000 to approve a personal loan. 

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