Personal Loan

A personal loan is a loan for your personal use, be it your child’s wedding, a dream vacation, or a shopping extravaganza. A personal loan does not require any security or collateral and can be availed without much fuss. Typically personal loans range from Rs. 50,000 to Rs. 30 Lacs with a tenure typically ranging from one to five years. Getting a Personal loan is quite stress free and there are typically a number of offers in the market most of the time.

Personal loan rates vary from bank to bank, and are anywhere between 10%-26% depending upon your profile and the policies/scheme you decide to opt for. In case you need to find out more about personal loan rates from different banks.

Eligibility Criteria

Age : 21 to 60 Yrs

Minimum Salary : 18000 per Month

Minimum Loan Amount : 50 K

Documents Required

  1. Photo

  2. Pan Card

  3. Aadhar Card (Current Address Proof)

  4. Bank Statement of last 6 Months

  5. Salary Slip of last 3 Months

  6. Form 16/ Joining Letter/appointment letter

  7. Qualification proof ( If you have any professional Degree)

Some time Banks or finance institution may ask for Electricity bill/ credit card bills etc. It depends upon institution to institution.