Personal Loan Apply Online

# Sai Credit and Investment Personal Loan – Apply Online 2022

Last Updated : May 3, 2017, 6:57 p.m.

Require the funds to fulfil your dreams of purchasing a car, own a house or to go on a vacation. Apply for a personal loan at Sai Credit and Investment and get the funds up to ₹5 lacs. The company lends the money without a CIBIL check for the period of 2 years at the 18.9% p.a. rate of interest. The processing fee is 8% of the loan amount. Other product related information is given below:

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## Sai Personal Loan Details

ParticularsDetails
Interest Rate18.9% p.a.
Loan AmountUp to ₹5,00,000
Tenure2 years
Processing Fee8% of the loan amount

How To Apply

The application process is quick and hassle free. The eligible candidate can apply from the comfort of the house using the online service. Visit the official website and click on the apply now option. Fill in the necessary details and click on the submit button. The company will confirm the details by calling back.

### SAI Credit & Investment Personal Loan EMI Calculator

EMI is the part of the repayment amount that the borrower pays on a specified date of each month towards the settlement of the loan. This amount consists a part of the principal amount and interest amount. The borrower can compute this value by using the EMI calculator. The Personal loan EMI calculator is the calculating device that helps the user in computing the value of the monthly installment payable during the tenor. It is a useful tool for people who don’t want to engage in lengthy calculations. The calculator gives accurate result spontaneously. Its functioning is really simple. See how it works.

For Example – I want a loan of ₹5,00,000 for the period of 2 years then my EMI will be ₹25,180, at the present rate of interest. The total interest charged during the tenor will be ₹1,04,321. So, I have to make repayment of ₹6,04,321.

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 ₹)
5,00,00018.9%146054526535,52,653
5,00,00018.9%2251801,04,3216,04,321

Amortization Table

YearPrincipal
(in ₹)
Interest
(in ₹)
Balance Amount (in ₹)
12,26,626755342,73,374
22,73,764287890

### Eligibility Criteria

The salaried and self- employed with a regular source of income are suitable to take a loan from Sai Credit & Investment Company.

### Sai Credit Loan Application Form

To avail the loan from the company you need to fill the online application form that includes the following fields –

• Loan details – loan amount and tenure
• Personal details – name, D.O.B., contact number, residence address, residence type, father/ husband name, spouse
• Income details – profession, designation and net salary
• Details of Co- Applicant – Profession, company name, office address, designation, net salary, gross salary, years of experience and relationship with borrower
• Details of Guarantor –  name, address, years at current residence, residence type, profession, company name, salary and contact number

### Documentation

ProofDocuments
Id ProofPAN Card, Voter ID, Driving License, Passport, Office ID & 2 Passport Size Photograph
Residence ProofElectricity Bill, Telephone Bill, Water Bill, Voter ID, Passport, House Tax Receipt, Allotment Letter
Income ProofIf salaried - 3 Months Latest Pay Slip + Last 2 Years From 16)
(If self- employed - 2 Years ITR with financials
Bank StatementLast 6 months updated Bank Statements
Current or Saving A/c
1 Govt. Guarantor & 1 Private GuarantorID Proof, Residence Proof, Income Proof & 2 Passport Size Photograph

### Features and Benefits

• No CIBIL check
• Processing fee and an EMI deducted from total sanctioned amount
• Loan disbursal within 5 days
• Loan sanctioned up to ₹5 lacs
• Online application process

### Factors Affecting Personal Loan Eligibility

The factors that affect Personal loan eligibility are:

• Income of the applicant
• Age
• Monthly Expenses
• Any Other Running Loan
• Credit Score
• Job Stability

### Sai Credit & Investment Pvt. Ltd. Customer Care

You can call on the customer care number to pose your query and gain further details of the product. The expertise service is available on the telephone and email. Call on +91-8595-233200, +91-8010-185185 or send an e-mail on the mail id provided on the company’s official website.

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