PERSONAL LOAN
WHAT IS A PERSONAL LOAN?
A personal loan is an unsecured credit that you can avail without pledging any collateral. Unlike other loans, a personal or unsecured loan has easy eligibility criteria, special offers and unrestricted end-use for you to finance your immediate expenses, be it a medical emergency or a foreign trip.
Personal loan serves multiple purposes and is available for both salaried and self-employed individuals. Life can throw up a surprise anytime in the form of opportunities or challenges. Thus, from financing a wedding, travel, child’s education, vacation, medical emergency, any big-ticket purchase, home repair or even debt consolidation - we are here for you.
We provide easy personal loans available at attractive interest rates. Avail a loan through a simple online process with minimal documentation and an easy to meet eligibility criteria. Get flexible tenures up to and repay your personal loan EMI as per your convenience. We offers fast loan processing and tailored personal loan offerings ideal to fund your diverse financing goals.
WHEN CAN YOU TAKE A PERSONAL LOAN?
- Medical Emergencies - Lack of financial assistance can limit your ability to access quality healthcare. Avail a personal loan at the earliest by furnishing the required documents.
- Used Cars - Realize your dream of owning a used car by opting for a personal loan at flexible rates of interest.
- Debt Consolidation - Get rid of the circle of debt by consolidating different debts into a single personal loan. The incurred on repaying the loan will be considerably lower than repaying multiple loans.
- Higher Education - Give wings to your dreams of higher education by availing of a personal loan to meet all your educational requirements right from course fees, travelling expenses, hostel fees etc.
- Wedding Expenses - You can take a personal loan to cover the expenses for your dream wedding.
- Home Renovation - Avail a personal loan and undertake renovations/repairs to enhance the value of your home. Opt for a loan at competitive rates of interest and flexible repayment tenor.
Eligibility Criteria for Personal Loan
The eligibility criteria for personal loans at include:
- The applicant must be a resident citizen of India
- Should either be an employee of a private limited company or public sector undertaking, or be gainfully self-employed
- Must be between 21 and 60 years of age. Further, the minimum income of the applicant should be:
- For Salaried Professionals 15000/month. Availability of personal loans for salaried individuals depends on job stability, income, age, work experience, and CIBIL score
- For Self Employed: The minimum yearly profit after tax set based on profession/industry
Documents Required for Personal Loan:-
The documents required for availing a personal loan include:
- Duly filled and signed application form
- Proof of identity
- Proof of address
- Proof of age
- Salary slips for the last three months (for salaried)
- Bank statement for the last six months
- Income tax returns or form 16
- Proof of Income / financial statements (for self-employed)