Personal Loan
A personal loan is an unsecured loan that banks provide without any collateral or security, based on your income, employment, and credit score. Because it is multi-purpose in nature, it can be utilized for a variety of purposes, including medical emergency, weddings, child education, travel, and more. Overall, a personal loan can help you get through a temporary financial problem.
Personal Loan Eligibility Criteria
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Eligible Age: 21 Years to 60 Years
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Eligible Peron: Salaried Individual
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Net Monthly Income: ₹ 15,000 and Above
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Work Experience: 3 Years of Work Experience.
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EMI Eligibility: 65% of Net Income.
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Maximum Eligibility: 10-27 times of Net Monthly Income.
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Credit Score: 650 and Above
Personal Loan Interest Rate
| Interest Rate |
Ask Us |
| Processing Fee |
Differs from bank to bank, it generally ranges from 0.5% to 2.5% |
| Loan Tenure |
12 months to 60 months |
| Loan Amount |
₹ 2 Lakhs upto ₹ 50 Lakhs |
| Guarantor Required |
Based on the credit profile |
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Documents for Personal Loan
| KYC Documents-Any one |
Residential Proof-Any one |
| Aadhaar Card |
Aadhaar Card |
| Pan Card-mandatory |
Passport |
| Voter Id Card |
Voter Id Card |
| Driving License |
Electricity Bill |
| Passport |
Telephone Bill |
|
Gas Bill |
| Income Proof |
Bank Proof |
| Latest 3 Months Salary Slip |
Latest 1 Year Bank Statement |
| ITR for 3 Years |
|
| Latest Form 26 AS |
|
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Documents for Existing Loan (If Existing):
| Existing Loan (IF ANY) |
| Sanction Letter |
| Statement of Account |
