PERSONAL LOAN
A Personal Loan is an unsecured loan option that you can avail for various purposes without pledging any collateral. Whether you want to finance a medical emergency, take a much-needed family vacation, there is a marriage at home or give your home a long-awaited makeover, it allows you to tackle your urgent financial needs with utmost ease. Looking for an instant way to fund your larger expenses? Get an instant personal loan.
Get affordable and unsecured personal finance of up to Rs. 35 lakhs at attractive personal loan interest rates. The best part? We have made the loan process extremely convenient for you with our digital application process and easy-to-meet eligibility criteria.
Key Benefits and Features of Personal Loan
- Multipurpose Personal Loan
- No Collateral/Security
- Overdraft Facility
- Zero Charges on Part Pre-Payment.
Why Choose Us?
- Low Interest Rates.
- Collateral free Loans.
- Extended Loan Tenure.
- Swift and Smooth Disbursal.
- Higher Loan Disbursal Amount.
- Simplified Documentation Process.
Eligibility Criteria for Personal Loan
- Age should be between 21 to 58 years
- Minimum monthly income should be ₹ 15,000
- Minimum of one year of work experience
Personal Loan Documents Required for Instant Approval
To apply for a personal loan online, you need to submit just a few documents. These include:
- Photo identity proof- A copy of your Voter ID, Passport, Driving License, or Aadhaar Card.
- Address proof- A copy of your Voter ID, Passport, Driving License, or Aadhaar Card.
- Salary slips- Copies of your salary slips for the last two months.
- Bank statement- A primary bank statement (salary account) for the last three months.
- Employment certificate- A certificate confirming at least one year of continuous employment.
Personal Loan Interest Rates & Charges
Interest rates can vary for different borrowers depending on key eligibility factors like monthly income, CIBIL score, loan amount, loan tenure, repayment capacity, employment nature, debt-to-income ratio, financial history, and more.
So, the lower the Personal Loan Interest Rate, the lower the EMI you need to pay, and the more convenient your loan repayment becomes.
FAQs on Personal Loan
What is a personal loan?
A Personal loan is an attractive loan option that you can avail for various purposes without pledging any collateral. It allows you to tackle your urgent financial needs with utmost ease.
How are processing fees for Personal loans calculated?
3% to Up to 5.5% of the loan amount + GST
What is repayment tenure for Personal Loan?
You can avail a loan for minimum 12 months and up to 72 months.
What is Personal loan EMI?
Personal Loan EMI or Equal Monthly Instalment is the amount that you need to pay every month for repaying your principal loan amount at the applicable rate of interest over the chosen loan tenure. Besides, we offer a flexible personal loan tenure of up to 6 years, making your loan repayment much more affordable.
What is the minimum salary for availing personal loan?
Minimum monthly income should be ₹ 15,000