Financial Help

TVS Credit Personal Loan: Quick Loans from ₹50,000 to ₹5 Lakh in 5 Minutes

TVS Credit Personal Loan: However, when you are in the middle of an emergency, urgent financial assistance from a loan can be the only remedy left. Traditional methods of borrowing money, such as from banks, sometimes take days and even weeks for processing. And that’s why TVS Credit Personal Loans have arrived-your answer to non-hassle costs. It brings amounts between ₹50,000 to ₹5 lakh. The loan gets further made simple with little documentation and fast disbursement, making it an ideal loan worth taking for urgent purposes.

Why Opt for the Personal Loan from TVS Credit?

TVS Credit is popular for its quick and reliable loan service, which is meant to cater to a range of personal purposes-from a medical emergency to marriage expenses, travel plans, or educational fees. It is all covered by this loan.

Key Features:

  • Loan Amount: Borrow between ₹50,000 and ₹5 lakh.
  • Quick Processing: Loans approved in just 30 minutes.
  • Interest Rates: Competitive rates starting from 16% per annum.
  • Flexible Usage: Funds can be used for any personal purpose.
  • Minimal Documentation: Less paperwork ensures a smoother process.

Rates of Interest and Terms of Charges

The personal loan interest rates for TVS Credit can be from a minimum of 16% per annum to a maximum of 35% per annum, purely depending on your credit score, income, repayment capacity.

  • Processing Fees: Charges are between 2% and 8% on the loan amount.
  • Pre-Payment Penalty: Further charges will take effect for late payments on the EMIs.

Eligibility Criteria

To ensure a seamless application process, make sure you meet the following criteria:

  1. Nationality: Applicant must be an Indian citizen.
  2. Age: Between 21 to 58 years.
  3. Income: Minimum monthly income should be ₹15,000.
  4. Employment Status: Open to both salaried and self-employed individuals.
  5. CIBIL Score: A good credit score increases the chances of loan approval.
  6. Mobile Number: Aadhaar card should be linked to an active mobile number.

Documents Required

Gathering the required documents is quick and simple. Here’s what you’ll need:

  • Aadhaar Card: For identity verification.
  • PAN Card: For financial records.
  • Bank Statements: Last three months.
  • Salary Slips: Last three months (for salaried applicants).
  • ITR Form: For self-employed individuals.
  • Passport-size Photograph: Recent photo required.
  • Aadhaar-linked Mobile Number: For KYC verification.

Simple step-by-step personal loan application process

Applying Online for a TVS Credit Personal Loan:

Step 1: Visit their website or app: Either visit the TVS Credit website or download their mobile app.
Step 2: Go to the Personal Loan link: Click on the link for applying for a loan.
Step 3: Fill Basic details: Type in your name and mobile number, income, and other crucial information.
Step 4: Eligibility check based on the loan limit: Your potential eligible amount of loans will hang on your credit score.

Step 5: Apply: Fill out the form for application in detail.
Step 6: Complete KYC: Aadhaar linked OTP verification is done.
Step 7: Sign agreement: E-signature completes the loan agreement.
Step 8: Mandate Set Up: Create e-mandate for EMI payments.
Step 9: Upon verified, loan amount shall be credited in the bank account.

Benefits of TVS Credit Personal Loan

Fast Approvals: Loans are approved in around 30 minutes and are perfect for emergencies.

Reduced Documentation: Minimal documentation needed for getting loans from TVS Credit as compared to banks. This makes time consumption and effort absolutely nil.

High Flexibility: You can use the loan amount for any personal reasons without restrictions.

No Hidden Fees: The fees are clear to relieve all stress regarding them.

TVS Credit Customer Support

Need help with your loan application or have queries about your loan status? Reach out to TVS Credit’s customer service team for quick assistance.

  • Customer Care Number: 044 6612 3456

Their team is available to resolve any concerns you may have during or after the loan application process.

Ending

Opting for a personal loan from TVS Credit would be a good decision because it will be quick and easy to obtain finances. Its application process is straightforward, requires minimal documentation, and provides instant approval, which really makes it a great means of addressing some immediate financial needs. Be it a medical emergency, wedding arrangements, or even easy debt consolidation; through TVS Credit, your financial needs can be met through a few clicks.

Author Profile
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Braj Verma is a resident of Rajgarh in Madhya Pradesh and is a content writer and freelancer by profession. He has a degree in Political Science from Barkatullah University, Bhopal. He has expertise in subjects like credit cards, banking, loan, insurance, political analysis and digital marketing.

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