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Personal Loans
Features and Benefits of
Our Personal Loan
A personal loan is an unsecured loan that is not backed by collateral or security. This makes it a flexible financing option, as there are no limitations on its use.
The followings are the ways a personal loan can be useful:
- Debt consolidation:
Combining multiple debts into a single loan with a lower interest rate to save money on interest payments and make it easier to manage debts.
- Home renovation:
Using a personal loan to fund home renovation projects can increase the value of your home and improve your living conditions.
- Medical expenses:
If you have unexpected medical expenses, such as emergency surgery or hospitalization, a personal loan can help cover the costs.
- Emergency expenses:
A personal loan can help cover unexpected expenses like medical emergencies or car repairs to avoid financial hardship
Personal Loan
Eligibility Criteria
To qualify for a personal loan, you have to meet certain criteria. Below are the important factors that lenders take into consideration to decide your eligibility for a personal loan.
- Age should fall under the range of 21 years to 60 years
-
Net monthly income should be 15,000/- for salaried and self-
employed, yearly transactions should be a minimum of 20 Lacs
- Credit score must be above 650
- Debt-to-income ratio
- Employment stability
- Maintained a good credit score
- Clear repayment history
- Must be a Resident Citizen of India
Documents required to apply for Personal Loan
Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card
Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card, Electricity Bill, Telephone Bill, Ration Card
Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card
6 Month Bank statement, 3 months Salary Slips