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Kamal Auto Finance Ltd. Personal Loan – Apply Online 2022

Kamal Auto Finance Ltd. Personal Loan – Apply Online 2022

Last Updated : Jan. 5, 2022, 1:10 p.m.

Headquartered in Jaipur the KAFL company provides a personal loan to the individuals without any security. The disbursed amount can be used for any purpose. The company doesn’t guide the usage of the loan amount sanctioned. The application process is simple and disbursal is quick. All other information regarding the interest rate, loan amount, application process and EMI calculator are given below:

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Kamal Auto Finance Personal Loan Details

ParticularsDetails
Interest Rate26% p.a.
Loan AmountNo specific amount
TenureNot specified
Processing FeeAs per company's guidelines

How To Apply

To avail the benefit of a personal loan from KAFL contact the customer care on the telephone numbers mentioned below:

  • 0141-2363417
  • 98281 11152

Kamal Personal Loan EMI Calculator

Tensed what EMI amount (Equated Monthly Installment) you need to pay and how to calculate the same? It’s easy to know how much amount you are liable to pay per month to the lender. Just enter the principal amount, the rate of interest and tenure of the loan in the EMI calculator and it will calculate the EMI amount quickly.

For Example – A customer avails a loan of ₹10,00,000 for the period of 4 years at the rate of 26% p.a. He enters the details in the calculator to know his EMI amount. His computed installment amount is ₹33,717.

Table Showing EMI, Total Interest Amount, and Total Repayment

Loan Amount
(in ₹)		Interest Rate
(p.a.)		Tenure
(in years)		EMI
(in ₹)		Total Interest Amount
(in ₹)		Total Repayment Amount (Principal + Interest)
(in ₹)
10,00,00026%1955301,46,36211,46,362
10,00,00026%2538752,92,99012,92,990
10,00,00026%3402914,50,46214,50,462
10,00,00026%4337176,18,43116,18,431

Amortization Table

YearPrincipal
(in ₹)		Interest
(in ₹)		Balance Amount (in ₹)
11,63,1422,41,4628,36,858
22,10,9971,93,6076,25,861
32,72,8901,31,7143,52,971
43,53,687516660

Eligibility Criteria:

The candidates belonging to the following group can apply for the loan:

  • Self- employed professional
  • Salaried individuals

Documents Required:

Salaried IndividualsSelf Employed ProfessionalsBusinessman
  • Identity Proof: Voters ID / Passport/ Driving License, etc,.
  • Address Proof: Ration Card/ Electricity Bill/ Passport,etc,.
  • Bank Statement for the last 3 months
  • 2 year Employment continuity document
  • Last 3 months Salary Slip
  • Identity Proof: Voters ID /Passport/ Driving License, etc.
  • Address Proof: Ration Card/ Electricity Bill/ Rental Agreement/ Trade License/ Sales Tax Certificate, etc.
  • Banks Statement for the last 6 months
  • Proof of Highest Professional Degree
  • Latest Income Tax Return(ITR) along with the computation of income, Balance sheet(B/S) and Profit& Loss(P&L) for the last 2 years certified by a CA
  • Identity Proof: Voters ID /Passport/ Driving License, etc.
  • Address Proof: Ration Card/ Electricity Bill/ Trade License/ Sales Tax Certificate, etc.
  • Banks Statement for the last 6 months
  • Latest Income Tax Return(ITR) along with the computation of income, Balance sheet(B/S) and Profit& Loss(P&L) for the last 2 years certified by a CA
  • Proof of Continuation: Trade License/ Sales Tax Certificate/ Establishment. Certified copy of Partnership Deed, Memorandum of Association (MOA), Article of Association (AOA) and Board Resolution

Features and Benefits

  • Availability of unsecured loan
  • Hassle free processing
  • Simple documentation
  • Quick sanction and disbursement

Factors Affecting The Loan Eligibility

The factors that affect the loan eligibility are:

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

Kamal Auto Finance Ltd. Branches

The company provides service in the following locations:

  • Jaipur
  • Jodhpur
  • Indore
  • Kota

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