Aphelion Finance Private Limited Personal Loan

Last Updated : July 14, 2020, 10:12 p.m.

About Aphelion Finance Private Limited Personal Loan

To meet the immediate needs of salaried and self- employed Aphelion Finance provides the hassle- free personal loan to its customers. The loan can be utilized for any reasons. Whether it’s home renovation, education, business, memorable occasions or purchasing of the vehicle the customer can take a loan up to INR 5,00,000 from this renowned NBFC. The loan can be prepaid after the lock- in a period of 9 months. The interested customer can visit the nearest branch office and apply for the loan. However, to know more about Aphelion Finance Personal Loan, go through this article further.

Aphelion Finance Personal Loan Interest Rates April 2024

Eligibility Criteria

Any salaried or self- employed individual can apply for the loan by fulfilling the below- mentioned conditions:

• The minimum age of the candidate should be 23 years and the maximum age can be 58 years or the retirement age whichever is lower.
• The applicant must have a residency in Mumbai, Navi Mumbai or Thane.
• In case, the applicant doesn’t have an own house then he needs to add a co-applicant who holds the house in his name. The residency should be in a geographical limit of Bhayander (Western), Badlapur & Titwala (Central) and Belapur (Harbour).

Aphelion Finance Personal Loan EMI Calculator

Before knowing anything else, it is important for you to understand what EMI basically stands for. An EMI is nothing but Equated Monthly Installment, a monthly amount that the borrower has to pay to settle the availed loan. The EMI consists of both principal and interest amount. This amount can be computed using the EMI calculator , a smart device designed specifically to help the borrower in knowing his monthly installment amount. It works with simple functionality and gives the results immediately. The user just needs to enter the loan amount, tenure and the rate of interest and it will automatically calculate the result by revealing the interest outgo and total amount payable on the loan.

For Instance, A customer avails a loan of INR 5,00,000 for his daughter’s marriage for the tenure of 3 years at the interest rate of 21%p.a. He wants to know how much amount he has to pay per month for the tenure of 36 months. He places the values in the calculator and gets the output instantly. His EMI amount is INR 18,838 and the total interest amount is INR 1,78,151.

Documents Required

How To Apply

The candidates willing to apply for the personal loan can apply for the loan by visiting the nearest branch office. Yes, you need to visit the branch in person along with all the required documents so that your personal loan application can easily be accepted by the lender. It is no doubt one of the easiest way to get your loan approved. And, the best thing is that executives will coordinate with you and help you in the best possible way.

Aphelion Finance Application Form

To avail the loan the candidate needs to fill the application form and submit the same at the nearest branch office. The form can also be downloaded from the official website. There are various sections that are to be mandatorily filled and they are:

Factors Affecting Personal Loan Eligibility

Below are the factors that affect Personal loan eligibility :

• Monthly Income
• Age
• Monthly Expenses
• Any Other Loan
• Credit History
• Job Stability
• Relationship with the Bank
• Category of Your Employer

Features and Benefits

• Collateral free loan
• Flexible repayment options
• Facility of doorstep services
• Speedy approval
• Fastest disbursal
• Higher loan amount up to INR 5 lakhs