Apply Personal Loan 20191115 views
Table of Contents
About Sai Credit and Investment Personal Loan
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:
Sai Personal Loan Details
| Particulars | Details |
|---|---|
| Interest Rate | 18.9% p.a. |
| Loan Amount | Up to ₹5,00,000 |
| Tenure | 2 years |
| Processing Fee | 8% 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 ₹) |
|---|---|---|---|---|---|
| 5,00,000 | 18.9% | 1 | 46054 | 52653 | 5,52,653 |
| 5,00,000 | 18.9% | 2 | 25180 | 1,04,321 | 6,04,321 |
Amortization Table
| Year | Principal (in ₹) | Interest (in ₹) | Balance Amount (in ₹) |
|---|---|---|---|
| 1 | 2,26,626 | 75534 | 2,73,374 |
| 2 | 2,73,764 | 28789 | 0 |
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
| Proof | Documents | ||||||
|---|---|---|---|---|---|---|---|
| Id Proof | PAN Card, Voter ID, Driving License, Passport, Office ID & 2 Passport Size Photograph | ||||||
| Residence Proof | Electricity Bill, Telephone Bill, Water Bill, Voter ID, Passport, House Tax Receipt, Allotment Letter | ||||||
| Income Proof | If salaried - 3 Months Latest Pay Slip + Last 2 Years From 16) (If self- employed - 2 Years ITR with financials | ||||||
| Bank Statement | Last 6 months updated Bank Statements Current or Saving A/c | ||||||
| 1 Govt. Guarantor & 1 Private Guarantor | ID 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
- Category of your Employer
- 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.
