Personal Loan
Know How To Apply For Home Loan
- A personal loan is an obvious choice if you need finance for Personal finance, Medical emergency, Wedding purposes, Abroad travel, Holidays, Child education, and for buying consumer durable things.
- A personal loan is a short-term unsecured loan that helps an individual to meet his financial requirements. In order to avail of a personal loan, you don’t have to pledge any collateral or security unlike a home loan or a car loan.
- A personal loan is easy to get online with easy and fast approval procedure and minimum documentation and is sanctioned only after checking an individual’s credit score, income, repayment history, employer, etc.
- On the basis of your eligibility, a list of offers from different banks and NBFCs will appear. Compare and choose the loan offer that suits your requirements.
Features and Benefits of Loan
All loans are not created equal, a personal loan has become a great option for people to use.
Faster Loan
For funding medical expenses, hospitalization, surgery, No collateral is required.
Choose your amount
All charges are communicated upfront in writing along with the loan quotation.
Enjoy the best rates
Our loan rates and charges are very attractive
Decide your tenure
In a personal loan, an individual gets flexible tenure of up to 5 years to repay the loan amount.
Eligibility Criteria for Loan
Any salaried, self-employed or professional Public and private companies, Government sector employees including Public Sector is eligible for a home loan.
Age
Maximum age of applicant at loan maturity: 60 years
Income
Minimum Net Monthly Income: Rs 25,000
Credit Rating
Applicant should have a bank-specified credit score.
Documentation
The following documents are required along with your Personal Loan application:
- Personal Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
- Home Address proof (copy of passport/voter ID card/driving license/Aadhaar)
- Bank statement of previous 3 months (Passbook of previous 6 months
- Latest salary slip/current dated salary certificate with the latest Form 16
Fees and charges
Types of fees Charges applicable
- Rate of interest Up to 7.5% T&C Apply
- Processing fees Nil
- Loan statement charges Nil
- Interest & principle statement charges Nil
- EMI bounce charges –
- Secure fee NA
*Service Tax and other Government taxes, etc. applicable as per prevailing rate will be charged over and above the Fees and Charges.
