Personal Loan
Personal Loans can be availed for any personal purpose such as medical emergencies, traveling, home renovation, weddings, debt repayments, bill payments, and more.
Unlike other loans, Personal Loan does not require any collateral or security and can be easily availed with minimum documentation. Like any other loan, you can repay the Personal Loan with EMI (Equated Monthly Instalments); debited from your bank account.
How does Personal Loan Work?
To avail of the Personal Loan, all you need to do is submit the loan application form. On meeting the eligibility criteria, you will get an offer with the sanctioned amount, tenure of loan, and interest rate. Once you accept the offer, funds are transferred to your bank account instantly. You can also submit the application form online with just a few clicks
What can a Personal Loan be used for?
Funds from Personal Loans can be used for multiple purposes. You can use the funds for a holiday, wedding expenses, medical expenses or treatment, purchase of new techno-gadgets, for the use of home renovation, and many more reasons.
We help you fulfil your dreams – effortlessly, at each step of the journey. We provide loans to you so that you could meet your personal needs easily. With our up-to-the-minute services, taking loans comes easy. Not to miss our services that stand out in multiple respects so that you can achieve your goals with us:
And more...
- Instant Disbursement
- Impressive Interest Rates
- Multiple Repayment Options
- Flexible Payment Tenures
- Minimum Paper Work
Need a professional business consultation? Let's discuss your case!
Personal Loan Eligibility Criteria
To qualify for a personal loan, you have to meet certain criteria. Below are the important factors that lenders take into consideration to decide your eligibility for a personal loan.
- Age should fall under the range of 21 years to 60 years
- Net monthly income should be 15,000/ Month- for salaried.
- Credit score must be above 650
- Debt-to-income ratio
- Employment stability
- Maintained a good credit score
- Clear repayment history
- Must be a Resident Citizen of India
Documents required to apply for Personal Loan
Identity Proof
Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card
Proof of Residence or Address Proof
Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card, Electricity Bill, Telephone Bill, Latest 3 Months Bank statement
Age Proof
Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card
Income Proof
3 months Bank statement, 3 months Salary Slips
Employment Proof
- Form 16
- Form 26AS
- Office ID Card.
Photograph
Passport-size photographs