What is TVS Credit Personal Loan Interest Rate?

TVS Credit personal loan interest rate ranges from 11.99% to 29.99% per annum. The actual rate depends on various factors such as the applicant's credit profile, income level, and repayment capacity. The loan amount offered can be up to Rs. 2 Lakhs, with flexible repayment tenures.

Additional Charges:

1. Processing Fee: Upto 10%

2. Penal Charges: Up to 36% per annum on unpaid installments.

3. Foreclosure Charges: Varies based on the loan tenure:

4. 7.08% for closure between 16 days to 12 months.

5. 4.72% for closure between 13 to 24 months.

6. 3.54% for closure after 24 months.

TVS Credit provides a digital loan application process, allowing users to check eligibility, complete KYC verification, and receive loan disbursement online. Applicants must have a minimum monthly salary of Rs. 25,000 and a CIBIL score above 700 to qualify​. This is all about TVS credit personal loan interest rate.

Apply for Personal Loan through NB InstaCash to Get 10 Lakhs Instantly in Your Bank Account

Read more

Which Bank has Lowest Interest Rate on Personal Loan? 

Wondering about

TVS credit personal loan interest rate

? TVS Credit offers personal loans in India with competitive interest rates, catering to various financial needs. The interest rate typically ranges from 13% to 28% per annum.

What is TVS Finance Personal Loan Interest Rate?

The interest rate depends on various factors such as the borrower's credit score, income, loan amount, and repayment tenure. These factors are assessed by the lender during the loan approval process to determine the borrower's creditworthiness and the associated risk.

• For instance, borrowers with a high credit score and stable income may be eligible for a lower interest rate, reflecting a lower credit risk. Conversely, those with a lower credit score or unstable income may face higher interest rates, compensating for the higher perceived risk.

• The interest rate can also vary based on the loan amount and the repayment period chosen by the borrower. Typically, higher loan amounts and longer tenures may attract slightly higher interest rates due to the increased risk and cost to the lender.

• Additionally, TVS Credit may offer different loan products with varying interest rates and features, such as fixed or floating interest rates.

• Borrowers should carefully consider the interest rate and other charges, such as processing fees, prepayment penalties, and late payment fees, when applying for a personal loan. Comparing these costs with other lenders can help in finding the most cost-effective option.

To apply for a TVS Credit personal loan, applicants need to provide necessary documents such as identity proof, address proof, income proof, and bank statements.

The application process can be completed online or at a TVS Credit branch, and approval times can vary based on the completeness of the application and verification process. This is all about

TVS credit personal loan interest rate

.

Read more