PERSONAL LOAN

Everything You Need to Know About Personal Loan

Personal loan benefits include the flexibility it offers regarding the use. You can use funds from a personal loan for several purposes. Take loan for any kind of need, whether it a latest gadget purchase, a dream vacation or a perfect wedding, or any kind of emergency need. We are here to help you and provide you the loan instantly.

Personal Loan can finance your needs without having to wait for capital to accumulate. We establish eligibility criteria for a Personal Loan based on few simple parameters. Your credit score and existing borrowings are also assessed to determine your repayment capacity.

 Eligibility Criteria for Personal Loan
Age Atleast 21 years (for salaried) and 23 years (for self-employed/business) at the time of taking a loan and maximum 60 (for salaried) and 65 years (for self-employed/business) at the time of loan closure
Occupation
  1. Salaried
  2. Self-Employed/business
Minimum income Rs. 15,000 for salaried and annual income of atleast Rs. 5 lakh for self-employed. Business people need to show annual revenues of above Rs. 50 lakhs
Minimum Net Income (Monthly)
  • 15,000(non-metro cities
  • 20,000( metro cities)
Salary credit As account transfer for salaried employees applying with Banks/NBFCs, account transfer and cheque to online NBFCs. No cash salaries
Work Experience
  • Salaried:
    • Total work experience of 1 year
  • Self-Employed:
    • 3 years business vintage

► Pan Card

► KYC (Identity and Address proof)

► Salary slips

► Income Proof - Latest 3 months salary slips, Receipts, Form 16 etc (for self-employed professionals)

► Bank Statements - 6 months bank statements

► House ownership proof (if any)

► Business existence proof, P&L, Balance sheet, IT statement, Audit report etc (for businesspeople)

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