Personal Loans

Features and Benefits of Personal Loans:

• Flexibility to Use Funds:

  Unlike other loan options, the funds raised through a personal loan can be used freely as per the needs of the individual borrower. Personal loans can be used to overcome any financial hardships, marriage or medical related expenses, house renovation or any other financial need of the borrower without any preconditions.

• No Security:

  Personal loans are approved based on the income details and financial history of the borrower and not over any fixed asset as security or collateral. Since personal loans do not require any collateral or security to be mortgaged with the bank for loan approval, they are easy to use for a vast majority of people.

Why choose a Personal Loan?:

A temporary financial crisis can happen to anyone irrespective of his or her overall financial status. Personal loans are a great way to offset any such temporary financial crisis as it allows the users to avail a loan without any pre conditions on the usage of funds. Personal loans have a quick approval mechanism with loans getting cleared as early as within 24-48 hours of the loan application submission.

• Easy Availability: Easy availability is one of the biggest advantages of a personal loan. Almost all banks and on banking financial companies offer personal loans for it's customers. Personal loans are not very expensive and are available at reasonable interest rates making them a lucrative option to overcome any immediate financial need.
• Minimal Documentation: Getting a personal loan does not warrant any long process of asset verification and require minimal documentation. Personal loans are quickly disbursed due to the fact that they seek minimal documentation for loan approval.
• Quick Loan Approval: Personal loans today come with a quick loan approval mechanism. Loans are approved almost instantly for online personal loan requests. Users requesting for a personal loan can expect a loan disbursal within one or two working days making the whole loan process swift and hassle free.

What you will Love?

• No guarantor required.
• No pre-closure and part payment fee.
• Special offers are available for women applicants at a lower rate.

Documents

• KYC-PAN, address & ID proof.
• Income proof, bank statement and one photograph

Perks

• Door step service.
• Part payment available.
• No guarantor required
• E-approval
• Balance transfer

Fees & Charge

• Pre closure fee= ₹ 0.
• Part Payment fee= ₹ 0.

Good To Know

• Avg. approval time.
• Branches.

Eligibility Criteria

• Age at least 18 and less than 60.
• Salaried / Self - Employed with regular income, earn more than the minimum income required.