UAE Exchange Personal Loan Details

Though UAE Exchange India is specialized in gold loan, but at the same time they provide two types of personal loan which are Sampreethi personal loan and Sampoorna personal loan. These loans are from world renowned financial institution and well regarded.

Loanbaba.com provides all the information about UAE Exchange Personal Loan:

Motive of the loans:

Sampreethi Loan- This loan fulfils the requirement of executives and professionals.

Sampoorna Loan- This loan fulfils the immediate requirements of individual with special arrangements.

Eligibility Criteria to avail Sampreethi Loan:

• For the convenience of applicant’s loan amount directly goes to his/her account.
• Applicant should earn consistent and minimum of 7,500 rupees per month.
• Customers who have got MoneyGram & Xpress Money remittances for last 1 year with per month one remittance at least are given special arrangements by bank.
• One can apply the loan only for personal need and for purchase of Consumer product.
• There is special feature of small amount loan ranges from Ten thousand rupees to Twenty Five thousand rupees.
• One can easily avail the loan amount of 25000 to 50,000 rupees only by presenting income proof.

Benefits and Features of the Loans:

Sampreethi Loan

• Minimum processing fee is one Thousand rupees and maximum is 2% of loan amount.
• 24% is the rate of interest charged by bank.
• Customer gets maximum Twelve months to pay the loan.
• Maximum loan amount is 50,000/-

Sampoorna Loan

• Minimum processing fee is one Thousand rupees and maximum is 2% of loan amount.
• 24% is the rate of interest charged by bank.
• Customer gets the time of 12 to 18 months to pay the loan if amount is more than one lakh rupees.
• Minimum loan amount is 50,001 rupees; where as maximum amount is two lakh rupees.

Documents needed for the loans :

Sampreethi Loan

• Report of Field Verification
• EMI Cheques
• Application Form
• ID Proof of Guarantor
• Web Cam photo of Borrower and Guarantor
• Guarantor Cheque
• DPN
• ID Proof  of Borrower
• Guarantor and Borrower Income Proof

Sampoorna Loan

• Field Verification Report
• Application Form
• CIBIL Checking
• DPN
• ID Proof of Borrower & Guarantor
• Guarantor Cheque
• IT Returns – Two years.
• Salary Slip (latest 3 months)
• Employment Proof.
• Guarantor and Borrower Web Cam photo
• EMI Cheques

On all the banking products and services a rate of 18 % (GST) is applicable effecting from 1^st July, 2017.