Personal Loan

150+

35+

Man Years of experience

Happy clients

Features and Benefits of Personal Loan:

• Flexibility: Borrowers can use the loan for various personal financial needs such as wedding expenses, medical emergencies, travel, home renovation, etc.

• Quick Disbursal: Fast approval and disbursal process, often within a few days.

• Competitive Interest Rates: Interest rates are competitive and can vary based on the borrower's profile and the lender.

• Minimal Documentation: Requires minimal documentation compared to other loans.

• No Collateral: For Unsecured Loans, borrowers are not required to provide any collateral or security.

• Flexible Tenure: Repayment tenure ranges typically from 1 to 5 years, providing flexibility in repayment.

• Pre-approved Offers: Some lenders offer pre-approved personal loan offers to existing customers, simplifying the application process.

Personal Loan Eligibility Criteria:

• Age: Generally, individuals aged between 21 to 65 years are eligible.

• Income: Minimum income criteria vary by lender but typically require a stable income source (salaried or self-employed).

• Employment Type: Salaried employees or self-employed individuals can apply.

• Credit Score: A good credit score (usually above 650) enhances eligibility.

• Employment Stability: Salaried employees should have a stable job with a certain minimum tenure (usually 1 year or more).

Documents Required to Apply for Personal Loan:

• Identity Proof: Aadhaar Card, Passport, PAN Card, Voter ID, Driving License, etc.

• Address Proof: Aadhaar Card, Passport, Utility Bills (electricity/water/gas bill), Rent Agreement, etc.

• Income Proof: Salary slips for the last 3-6 months, Form 16 (for salaried individuals), Income Tax Returns (ITR) for the last 2-3 years (for self-employed).

• Bank Statements: Bank account statements for the last 3-6 months.

• Photographs: Passport-size photographs.

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These documents serve as a general guideline and may vary based on the lender's specific requirements and the nature of the property being mortgaged. It's advisable to confirm the exact document checklist with the lender before proceeding with the loan application.

Features and Eligibility Requirements