Vintage Financial Solutions Personal Loan
Last Updated : March 11, 2020, 3:16 p.m.
Vintage Credit & Leasing Pvt. Ltd. company offers a personal loan to all the salaried individuals living in Delhi/ NCR region. The loan amount can be used for any purpose as the company doesn’t restrict the usage of funds disbursed. The loans offered by the company are sanctioned up to ₹15,00,0000 for the period of 12 – 24 months to meet the urgent fund requirement.The loans are provided without any security or guarantor. The collateral free loan can be repaid in easy installments and can be paid before the expiration date at the penal rate of 2%. To know your EMI and eligibility read the information given below:
Vintage Financial Solutions Personal Loan Details
Particulars | Details |
---|---|
Interest Rate | 16% p.a. – 20% p.a. |
Loan Amount | ₹1,00,000 – 15,00,0000 |
Tenure | 12 months – 24 months |
Processing Fee | Nominal |
Cheque/ Instrument Swap Charges | ₹500 + Service taxes |
Foreclosure Charges | 2% of the outstanding amount |
How To Apply
The interested candidates can apply online for the personal loan . Just enter the personal details and the contact information in the online application form so that the product dealers can contact you. On receiving the online request the dealer will call you on the contact number provided.
Vintage Financial Solutions Personal Loan EMI Calculator
It’s important to know the EMI amount before so that you can plan your future expenses accordingly. You can calculate the installment amount easily and quickly, using the EMI calculator . The calculator is the electronic device programmed to compute the accurate installment amount. When the user enters the loan amount, repayment period and the rate of interest in the calculator it displays the result promptly. It reveals the amount of interest charged and the total repayment amount that is to be paid at the end of the tenure.
For Example: If a borrower plans to avail a loan of ₹15,00,000 for the period of 2 years then his tentative EMI will be ₹73,445 – 76,344. The total interest charged on the loan amount will range from ₹2,62,672 – 3,32,249.
Table Showing EMI, Total Interest Amount 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 ₹) |
---|---|---|---|---|---|
15,00,000 | 16% – 20% | 1 | 1,36,096 – 1,38,952 | 1,33,155 – 1,67,421 | 16,33,155 – 16,67,421 |
15,00,000 | 16% – 20% | 2 | 73,445 – 76,344 | 2,62,672 – 3,32,249 | 17,62,672 – 18,32,249 |
Amortization Table
Year |
Principal
(in ₹) |
Interest
(in ₹) |
Balance Amount
(in ₹) |
---|---|---|---|
1 | 675,866 – 6,90,526 – | 1,90,814 – 2,40,262 | 809,474 – 8,24,134 |
2 | 8,10,440 – 8,25,385 | 71,856 – 91,983 | 0 |
Eligibility Criteria:
The salaried employees, self- employed professionals and business owners are eligible for the personal loan if they stand by the following criteria:
Criteria | Eligibility |
---|---|
Age |
Minimum – 21 years
Maximum – 60 years |
Working Experience | Minimum 2 years working experience with minimum 6 months employment in current organization |
Net Monthly Income | Minimum – ₹20,000 per month |
Documents Required
Particulars | Details |
---|---|
Identity Proof | Pan Card/Passport/Election Card/Photo Identity issued by Government, Defence Services, Public Sector undertaking/Driving Licence/Photo Credit Card/Employees ID Card, Letter/card issued by UIDAI containing the details of name, photograph, address and Aadhaar number |
Income Proof | Latest salary slip showing all deductions or Form 16 along with current dated salary certificate or ITR (last 2 years) |
Residence Proof | Bank Account Statement/ Latest Electricity Bill/ Latest Telephone Bill/ Latest Credit Card Bill/ Employers letter certifying current mailing address/Passport(Valid)- provided the passport address is present address mentioned in application form / Existing Registered House Lease/ Government I-card with photo and address/ Ration Card/ Latest Property Tax / Water Tax bill |
Signature Verification | Valid Passport /Pan Card/ Processing Fee Cheque/ Banker's Verification Letter |
Proof Of Telephone | Latest bill of land line or mobile or WLL stating name of borrower or address of borrower |
Guarantor | Optional |
Features and Benefits
- Loan sanctioned for an amount up to ₹15,00,0000
- Simple procedure
- minimal documentation and quick approval
- Loans available for Delhi/ NCR residents only
- Attractive rate of interest
Factors Affecting Personal Loan Eligibility
The factors that affect Personal loan eligibility are:
- Monthly Income
- Age
- Monthly Expenses
- Any Other Loan
- Credit History
- Job Stability
- Category of Your Employer
Vintage Credit & Leasing Pvt. Ltd. Contact Number
To gain further information about the personal loan and other associative services call on the telephone number +91-11-4513 7325 / 4304 7900 / 2588 5901. You can even WhatsApp on +91 956046246 and know more about the personal loan offered by the company.
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