Kamal Auto Finance Ltd. Personal Loan – Apply Online 2022

Last Updated : April 24, 2017, 6:56 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

Particulars	Details
Interest Rate	26% p.a.
Loan Amount	No specific amount
Tenure	Not specified
Processing Fee	As 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 ₹)
10,00,000	26%	1	95530	1,46,362	11,46,362
10,00,000	26%	2	53875	2,92,990	12,92,990
10,00,000	26%	3	40291	4,50,462	14,50,462
10,00,000	26%	4	33717	6,18,431	16,18,431

Amortization Table

Year	Principal (in ₹)	Interest (in ₹)	Balance Amount (in ₹)
1	1,63,142	2,41,462	8,36,858
2	2,10,997	1,93,607	6,25,861
3	2,72,890	1,31,714	3,52,971
4	3,53,687	51666	0

Eligibility Criteria:

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

Self- employed professional
Salaried individuals

Documents Required:

Salaried Individuals	Self Employed Professionals	Businessman
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. Personal Loan – Apply Online 2022

Kamal Auto Finance Personal Loan Details

How To Apply

Kamal Personal Loan EMI Calculator

Eligibility Criteria:

Documents Required:

Features and Benefits

Factors Affecting The Loan Eligibility

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