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Personal Loan is an unsecured credit provided by financial institutions based on criteria like employment history, repayment capacity, income level, profession and credit history. Personal Loan, which is also known as a consumer loan is a multi-purpose loan, which you can use to meet any of your immediate needs.
Apply For Personal Loan
Are you looking for a fast and easy way to get the money you need? If so, you’re in luck! You can now apply personal loan. We offer instant loan online in minutes, and you could have the cash in your account within minutes. Our personal loans are available to anyone who meets our basic eligibility requirements. You must be 18 years of age or older, have a valid bank account, and have a steady income. We also require that you have good credit, but we may be able to approve you for a loan even if you have bad credit. Our personal loans are a great way to get the money you need quickly and easily. Our lenders offer competitive interest rates and flexible repayment terms, so you can find a loan that fits your budget.
Benefits of a Personal Loan:
- Flexibility: Personal loans can be used for various purposes, and the borrower has the freedom to choose how to utilize the funds.
- Unsecured: Personal loans are unsecured, meaning no collateral is required, reducing the risk of asset loss.
- Quick Disbursal: Personal loans often have a quick disbursal process, providing access to funds when needed.
- Fixed Interest Rate: Personal loans typically have a fixed interest rate, making it easier to budget and plan finances.
- No Restrictions: There are no restrictions on how the borrowed amount can be used, giving borrowers the flexibility to make their own financial decisions.
Eligibility Criteria for a Personal Loan:
- Age: The borrower must be at least 18 years old and not more than 65 years old at the time of loan maturity.
- Income: The borrower must have a stable income, with a minimum income requirement varying by lender.
- Credit Score: A good credit score is essential, with most lenders requiring a minimum credit score of 600-650.
- Employment: The borrower must be employed, with a minimum employment requirement varying by lender.
- Residency: The borrower must be a resident of the country, with some lenders requiring a minimum residency period.
Requirements for a Personal Loan:
- Application Form: A completed application form with personal and loan details.
- Identity Proof: Government-issued ID proof, such as a passport, driver’s license, or Aadhaar card.
- Address Proof: Proof of address, such as a utility bill, lease agreement, or passport.
- Income Proof: Proof of income, such as salary slips, Form 16, or income tax returns.
- Credit Score: A good credit score, which can be checked through credit bureaus like CIBIL, Equifax, or Experian.
- Employer Details: Details of the borrower’s employer, including the company name, address, and contact information.
Key Features:
- Instant loan approval online in minutes
- Quick disbursal of cash into the borrower’s account within minutes
- Available to anyone who meets the basic eligibility requirements
- Competitive interest rates
- Flexible repayment terms
How Does it Work
Apply on WhatsApp
- We ask for basic details on WhatsApp to get your credit score and for verification.
Upload your documents
- Upload your required documents digitally on the link provided by us on WhatsApp.
Cash Disbursal
- Cash is disbursed instantly in your bank account after digital verification by the lender.
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