personal loan

Personal Loan is an unsecured loan for personal use which doesn’t require any security or collateral and can be availed for any purpose, be it a wedding expenditure, a holiday or purchasing consumer durables, the loans is very handy & caters to all your needs. The amount of loans can be ranged from Rs. 50,000 – Rs. 20 lakh & the tenure for repaying the loan varies from 1 to 5 years.

Eligibility Criteria

-> Any salaried, self employed or professional Indian national is eligible for a personal loan.
-> According to the parameters set by banks and other financial institutions lending the loan, you:
->Should have been employed by your current organization or been involved in your business for a certain number of years
->Should have some monthly repaying capacity or the required minimum salary
->Must qualify the age bracket defined by the lending bank or institution
->Should not have bad credit history under your name for three months prior to submitting the loan application

Documents Required

-> Duly signed and filled application form
-> Passport Size Photograph
-> Identity and signature proof - Passport, Pan card, Driving License, Voter ID card, Adhar card, employee identity card in case of government employees.
-> Address Proof - Bank statement, Rent Agreement, Voter ID card, Ration card, Passport, Driving License, telephone/ electricity/ water/ credit card bill or Property tax.
-> Age Proof - Voter ID card, Secondary school leaving certificate (class 10), birth certificate, Passport, Adhar Card, pension payment order or receipt of LIC policy.

Income proof :

-> Salaried Individuals
-> Latest 3 months salary slips
-> Form 16 with proper computation of income
-> Latest acknowledged IT return
-> Salary account bank statement for six months