Looking for a private loan or personal loan from private financer? First Eagle Loan Company is here to provide you an instant loan. The very first step before looking for a private loan is to assess your financial circumstance. The main reason why a personal loan or a private loan is desirable is that it’s unsecured. When you get a personal loan from private financer, you can use the amount in any way you decide on.
A personal loan from private financer offer instant funds. It might be right for you if you want to fund a big expense or if you want to consolidate debt with the help of instant loan. Acquiring a bad credit private loan is both easy and fast.
Why choose a private loan from First Eagle Loan Company?
We are the one reputed private finance companies with our easy & fast process: You want money fast even with a bad credit score, we provide it to you with our easy & fast process.
First Eagle Loan Company: When you take your first loan from us you automatically become a member of the First Eagle Loan Company by default. After that, you also get various discounts and offers on our large category of products and services which will help in ieasing your savings even more.
Transparency: Our transparent and upfront information helps you in making your final decision based on our service with no hidden costs.
Personal touch: We’re the people who know exactly how it feels when facing a financial crunch so we are always happy to help you at anytime you need an instant loan. Our customer service lines are always open to help and support you.
Private Loan is a kind of unsecured loan, given to borrowers for personal use and does not require any security or collateral. While drawing the Private Loan you are not required to disclose the end use of the borrowed money and can pay off the amount of loan in easy instalments.
Quantum of Private Loan for salaried person is estimated on the basis of income of applicant, credit score, capacity of repayment, and steadiness of source of income for such applicant.
Repayment schedule provides the amount of each EMI, due dates and breakup between principal and interest components. It also provides the outstanding principal after realization of each EMI.
Minimum age of Applicant : 21 years
Maximum age of Applicant at loan maturity : 60 years
Minimum employment : Minimum 2 years in employment and minimum 6 months in the current organization
Minimum Net Monthly Income : rs 40,000 Family Income / rs 25,000 per month (Loan applicable for Delhi/ only)
Identity proof: Pan Card/Passport/Election Card/Photo Identity issued by Government, Defence Services, Public Sector undertaking/Driving Licence/Photo Credit Card/Employees ID Card, Letter/card issued by UIDAI containing the details of name, photograph, address and Aadhaar number.
Income proof: Latest salary slip showing all deductions or Form 16 along with current dated salary certificate or ITR (last 2 years).
Residence proof: Bank Account Statement/ Latest Electricity Bill/ Latest Telephone Bill/ Latest Credit Card Bill/ Employers letter certifying current mailing address/Passport(Valid)- provided the passport address is present address mentioned in application form / Existing Registered House Lease/ Government I-card with photo and address/ Ration Card/ Latest Property Tax / Water Tax bill.
Signature Verification: Valid Passport /Pan Card/ Processing Fee Cheque/ Banker's Verification Letter.
Proof of telephone: Latest bill of landline or mobile or WLL stating name of borrower or address of borrower.
Guarantor: Optional
Qualification or registration proof required for doctors, architects, CA, CS, ICWA, MBA consultant, engineers .
Documentary proofs required may vary from customer to customer
Rate of Interest 3% to8.5%
Loan Processing Charges Minimum Processing Charges
Cheque/ Instrument Swap charges £500 per instance + Service Tax as applicable
Prepayment/ Forclosure Charges 2%
A. We offer Private Loan for any of your personal/business need at very attractive rate of interest that carries lowest EMI at the time of Private Loan repayment.
A. Private Loan is currently available for salaried individuals only who lives/ & having Minimum New Monthly Salary Income of INR 25,000/- (per month).