29 Mar 2020

Personal Loan

March 29, 2020 |

Apply for Personal Loans Online to Fulfil Your Needs of Money

A personal loan is a kind of unsecured loan which helps you meet your financial needs. In personal loans, one doesn’t usually need to pledge any security or collateral. You can use the lending amount as per your needs as personal loans are more flexible than other loans. Apply Online Personal Loans are served in travel expenses, wedding expenses, medical expenses, home renovation, debt consolidation, etc. 

Instant Personal Loans have some eligibility and they are:

The age limit for salaried is 21 to 60 years, with a salary of 15,000, and a CIBIL score is above 750, the minimum loan amount starts from 50,000 to a maximum of 25 lakhs. Whereas for self-employed age limits are 22 years to 55 years, with a monthly income of 25,000 rupees, the CIBIL score must be above 750, the minimum loan amount is 50,000 and the maximum is 30 lakhs. The eligibility criteria differ from bank to bank. 

Documents required for personal loans are identity proof, address proof, salary slips, proof of highest professional degree, and form-16.

There are many benefits of personal loans and they are:

  1. One can borrow up to 40 lakhs of personal loans.
  2. Tenure for repayment of the loan is up to 5 years and you can repay it with flexible instalments.
  3. Minimum paperwork and documentation required.
  4. No restriction on the usage of the loan amount.
  5. Affordable interest rates.
  6. Fast and easy approvals.
  7. Helps in the consolidation of debts.
  8. Zero processing fee, and better customer care services.

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