Vintage Financial Solutions Personal Loan Interest Rates 2017

Personal Loans

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

ParticularsDetails
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.

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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% 11,36,096 – 1,38,952 1,33,155 – 1,67,421 16,33,155 – 16,67,421
15,00,000 16% – 20% 273,445 – 76,344 2,62,672 – 3,32,249 17,62,672 – 18,32,249

Amortization Table

Year Principal
(in ₹)
Interest
(in ₹)
Balance Amount
(in ₹)
1675,866 – 6,90,526 – 1,90,814 – 2,40,262 809,474 – 8,24,134
28,10,440 – 8,25,385 71,856 – 91,983

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

ParticularsDetails
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
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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.

(Updated on 5th January 2017)