FAQ's
Frequently Asked Questions
One need to provide an identity proof, residence proof, last 3 months salary slip, last 6 months bank statement and a passport sized photograph. Banks may also ask for additional documents later like Form 16, appointment letter, company ID card, previous company relieving letter
Ameen Finance will work with the banks to try and get you the loan within 24-48 hrs of submitting completed documents.
The dependent factors are:
- – Loan amount disbursed
- – Company categorisation of your employer
- – Tenure of the loan
- – Salary of the customer
- – Which bank account is the salary getting credited to
You can avail a loan from $ 15,000 to $ 5,00,00,000 but this would be based on your income status.
All personal loans repayment happen in the form of an EMI (Equated Monthly Installment) through the customers bank account. The customer needs to give few PDC’s (Post dated cheques) and sign an ECS mandate in favor of the bank disbursing the loan.
No, this is unsecured loan. There is no need for any security and guarantee for it. However in some cases you will be intimidated to take up an insurance policy against the amount as colleteral
Yes, none of our customer’s information is shared with any third party apart from the financial institutions or banks that you have applied the loan for. Confidentiality breach is never an issue with us.
At the time of booking of your loan, the EMI is calculated based on loan amount sanctioned, interest rate and tenure.
Yes. But this completely depends on your past EMI`s and regularity and the number of loans you have availed earlier
The bank will levy certain ECS bounce charges/penalties. In addition it will get reported in your credit report. Depending on the severity of the default it can have serious impact on your future credit possibilities like a home loan, car loan etc. In addition, the banks can also take legal action against the borrower.
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