Aphelion Finance Private Limited Personal Loan

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 ₹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 Private Limited Personal Loan Interest Rates

ParticularsDetails
Rate Of Interest 21% p.a. & above
Loan Amount ₹50,000 – ₹5,00,000
Tenure 1 year – 3 years
Minimum Lock-in Period 9 months
EMI Payment Options Through ECS, NACH and Post dated cheques
Prepayment Allowed after 9 months

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 ₹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 ₹18,838 and the total interest amount is ₹1,78,151.

Table Showing EMI, Total Interest, and Total Repayment Amount

Loan Amount (in ₹)Interest Rate (p.a.) Tenure (in Years)EMI (in ₹)Total Interest Amount (in ₹) Total Repayment Amount (Principal+ Interest) (in ₹)
5,00,000 21%1 46,557 58,683 5,58,683
5,00,000 21%2 25,693 1,16,628 6,16,628
5,00,000 21%3 18,838 1,78,151 6,78,151

Amortization Table

Year Principal (in ₹) Interest (in ₹) Balance Amount (in ₹)
1133,416 92,640 366,584
2164,291 61,765 202,293
3202,617 23,741 0

Documents Required

Documents Applicant Co-applicant Guarantor
Passport Size Photos (Recent) Yes Yes Yes
Income Tax & Identity Proof (Combined)
PAN Card / Aadhaar Card
Yes Yes Yes
Identity & Address Proof (Combined)
Passport / Voters Id / Other
Not mandatory Not mandatory Not mandatory
Address & House Ownership Proof (Combined)
Electricity Bill / Property Purchase Agreement /
Redevelopment Agreement
Yes Yes Yes
Address Proof
Telephone Bill / Leave & License Agreement
Required only in case of Rented Premises Required only in case of Rented Premises Required only in case of Rented Premises
Relationship Proof
Ration Card
Yes Yes Yes
Income Proof
Salary Slips / IT Returns
Yes
Salaried – 3 months payslip
Business – 3 years ITR
Yes
Salaried – 3 months payslip
Business – 2 years ITR
Yes
Salaried – 1 months payslip
Business – 1 years ITR
Savings Proof
Updated Bank Statement
Yes
Salaried – l year
Business – 2 years
Yes
Salaried – 6 months -1 year
Business – 6 months – 2 years
Yes
Salaried – 6 months
Business – 6 months
Cheques of above Bank A/c with S.V. As per scheme/ECS 1 Cheque in favour of AFPL 1 Cheque in favour of AFPL

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:

ParticularsDetails
Personal Details Name of the applicant
Father's name
Qualification
Date of birth
Martial status
PAN
Employment Details Salaried/ Professionals
Address
Telephone number of office or business
Duration of Job/ Establishment year
Net salary/ Net Income
 
Residence Details Ownership (owned, P.G., relative)
Telephone number
Permanent details
Loan Details Loan Amount
Loan tenure
Interest rate
Details of Bank Statement Bank name
Account Number
Account Type
Family Details Name of the member
Relation with the member
Occupation
Monthly Income
Age
Co- Applicant's Details Name
Date of Birth
Marital status
Occupation
Contact number
Present monthly income
Knowing since (years)
Guarantor's Details Name
Date of Birth
Marital status
Occupation
Contact number
Present monthly income
Knowing since (years)

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 ₹5 lakhs

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