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Age should fall under the range of 21 years to 60 years
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+Years of Experience
Personal loan :
A personal loan is an unsecured loan that is not backed by collateral or security.
This makes it a flexible financing option, as there are no limitations on its use.
The followings are the ways a personal loan can be useful :
Debt consolidation :
Combining multiple debts into a single loan with a lower interest rate to save money on interest payments and make it easier to manage debts.
Home renovation :
Using a personal loan to fund home renovation projects can increase the value of your home and improve your living conditions.
Medical expenses :
If you have unexpected medical expenses, such as emergency surgery or hospitalization, a personal loan can help cover the costs.
Emergency expenses :
A personal loan can help cover unexpected expenses like medical emergencies or car repairs to avoid financial hardship.
Personal Loan Eligibility Criteria :
To qualify for a personal loan, you have to meet certain criteria.
Below are the important factors that lenders take into consideration to decide your eligibility for a personal loan :
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Net monthly income should be 15,000/- for salaried and self-employed, yearly transactions should be a minimum of 20 lakhs
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Credit score must be above 650
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Debt-to-income ratio
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Employment stability
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Maintained a good credit score
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Clear repayment history
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Must be a Resident Citizen of India
Get in touch with us for better services and help.
Documents required to apply for Personal Loan
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Identity Proof : Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card
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Proof of Residence or Address Proof : Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card, Electricity Bill, Telephone Bill, Ration Card
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Age Proof : Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card
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Income Proof : 1 year Bank statement, 3 months Salary Slips
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Employment Proof : Employment Certificate, Office address proof GST or VAT Registration for Self-employed
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Photograph : Passport-size photographs
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Business proof : Business registration documents such as a partnership deed, Memorandum of Association (MOA), Articles of Association (AOA), etc.
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Income tax returns : Documents of the past 2-3 years to verify income and tax payment history
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