In today's fast-paced world, financial flexibility is paramount. Whether it's for an unforeseen medical expense, a dream vacation, or consolidating existing debts, personal loans provide a viable solution to meet diverse financial needs. AEON Credit Service India Pvt. Ltd. offers a seamless and efficient online platform for availing personal loans, ensuring that your financial aspirations are within reach.

Understanding Personal Loans

A personal loan is an unsecured form of credit that individuals can utilize for various purposes without pledging any collateral. Unlike specific loans such as home or auto loans, personal loans offer the flexibility to use the funds at your discretion, be it for home renovations, weddings, or emergency situations.

AEON Credit's Personal Loan Offerings

AEON Credit Service India Pvt. Ltd. stands out by providing tailored personal loan solutions that cater to a wide array of financial requirements. Key features of their personal loan offerings include:

• Loan Amount: Borrow between ₹30,000 to ₹5,00,000, accommodating both modest and substantial financial needs.
• Flexible Tenure: Choose a repayment period ranging from 6 to 60 months, allowing you to select a tenure that aligns with your repayment capacity.
• Competitive Interest Rates: Enjoy attractive interest rates on a monthly reducing balance basis, ensuring cost-effective borrowing.
• Minimal Processing Fee: A nominal processing fee of ₹1,000 or 1% of the loan amount (whichever is higher) is applicable, making the loan acquisition process economical.

Eligibility Criteria

To ensure a smooth application process, it's essential to meet the following eligibility criteria:

• Age:
• Salaried Individuals: 22 to 58 years
• Self-Employed Individuals: 22 to 65 years

• Monthly Income: A minimum of ₹18,000

• Employment Status:
• Salaried Applicants: Permanent employees with at least 6 months in the current organization. If less than 6 months, a total work experience of 2 years is required.
• Self-Employed Applicants: Should have a stable business with a minimum operational history as specified by AEON Credit.

• Residential Status:
• Rented Accommodation: Should have resided at the current address for at least 6 months.
• Owned House: No minimum residency period required; ownership suffices.

Documentation Required

Streamlined documentation ensures a hassle-free loan approval process. The necessary documents include:

• Identity Proof: Aadhaar Card, PAN Card (with Date of Birth), or Passport
• Address Proof (any one):
• Electricity Bill
• Latest Utility Bill (Gas bill)
• Telephone/Mobile Bill
• Passport
• Aadhaar Card
• Purchase Agreement
• Rent Agreement
• Income Proof (any one):
• Latest 3 months' salary credited bank statements
• Latest 3 months' savings account bank statements
• 
  

Note: If the address proof is in the name of a family member, a relationship proof document is required.

Calculating Personal Loan Eligibility

Understanding your loan eligibility is crucial before applying. Several factors influence eligibility, including age, income, employment stability, and existing financial obligations. Utilizing a personal loan eligibility calculator can provide a clear estimate of the loan amount you qualify for. These calculators consider inputs like net monthly income, current liabilities, and desired loan tenure to assess eligibility.

Steps to Calculate Personal Loan Eligibility:

Gather Financial Information:

• Net Monthly Income
• Existing Monthly Obligations (e.g., other loan EMIs, credit card payments)

Access an Eligibility Calculator:

• Navigate to AEON Credit's official website or other reputable financial platforms offering eligibility calculators.

Input Required Details:

• Enter your net monthly income, existing monthly obligations, and preferred loan tenure.

Review Eligibility Results:

• The calculator will provide an estimate of the maximum loan amount you are eligible for based on the provided information.

By following these steps, you can make an informed decision regarding the loan amount that aligns with your repayment capacity.

Application Process

AEON Credit's online platform simplifies the personal loan application process:

Online Application:

• Visit the personal loan section on AEON Credit's website.
• Fill out the online application form with accurate personal and financial details.

Document Submission:

• Upload the necessary documents as specified in the documentation section.

Eligibility Check:

• AEON Credit will assess your application based on the provided information and documents.

Approval and Disbursement:

• Upon approval, the loan amount will be disbursed to your bank account promptly.

Benefits of Choosing AEON Credit

• Transparency: Clear terms and conditions with no hidden charges.
• Customer Support: Dedicated customer care to assist with queries and provide guidance throughout the loan process.
• Flexibility: Customized loan amounts and tenures to suit individual financial situations.

Apply for personal loan online at lowest interest rates only at AEON Credit Service India.