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Personal Loans

Personal Loans

End use of the Personal Loan can be Holidays, Purchase of Consumer Durables, Short Term loan for equipment purchase, Any other personal or medical emergency.

Personal loans are disbursed by most banks and NBFCs where the loan quantum could vary from Rs. 50,000 to Rs. 40, 00,000. These are unsecured loans which mean you need not mortgage anything or even keep any asset as a security with the Bank. There are multiple reasons for which a personal loan is taken such as weddings, medical emergency, travel, home renovation, balance transfer, debt consolidation and so on.

The basic requirement to get a loan sanctioned is a good credit history and an adequate salary. Other factors like years of employment, company you work for, city you stay in, etc will all determine the important factors like eligible amount, tenure and lowest interest rates for personal loan. Personal loan interest rates vary from around 11.99% during offers to 28% across different banks and NBFCs. To be able to offer the best deal for personal loan in your city, most banks require you to be at least 21 years with over a year of work experience. Personal loans are usually repaid monthly over a pre-decided tenure. While most banks charge you a pre-closure charge of 4% – 5% of the outstanding loan amount, some of the banks give you the flexibility to pre-close the loan without any additional charges.

There are multiple banks which offer a personal loan such as HDFC, ICICI, Kotak Mahindra Bank, Axis Bank, Citibank and NBFCs such as Bajaj Finserv Tata Capital Fullerton and many more which offer personal loans which are all unsecured loans. So if you are wondering how to get a personal loan or are looking for instant personal loan online approval then read more and either call us or leave your details using our simple form.

Basic Documents Required for Personal Loan
  • Three passport size photographs
  • ID proof – Passport/Voter ID/Aadhar or Drivers License
  • Residence Proof – Passport/ Landline Bill/ Post-paid Mobile Bill/ Rental agreement or Bank Statement
  • Pan Card copy
  • Age Proof – Passport/ Drivers License/ School
    Certificate or Pan Card copy
  • Income Proof – Latest 3 months salary slips
  • Banking Statement – 3 or 6 months bank statements
  • Job Stability & Continuity – Offer Letter, Relieving Letter and Form 16
    Go ahead and apply for a personal loan. It’s simple, straight forward and quick.
Apply Now
Phone: 92523-92523

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