Personal Loan Services
A personal loan is an unsecured loan that is not backed by collateral or security. This makes it a flexible financing option with no limitations on its use.
Features & Benefits
Debt Consolidation
Combine multiple debts into a single loan with a lower interest rate to save money on interest payments.
Home Renovation
Fund home renovation projects to increase the value of your home and improve living conditions.
Medical Expenses
Cover unexpected medical expenses such as emergency surgery or hospitalization.
Emergency Expenses
Cover unexpected expenses like medical emergencies or car repairs to avoid financial hardship.
EMI Calculator
An EMI calculator helps you estimate the monthly installments you will have to pay towards your personal loan. Plan your finances better with our calculator.
Eligibility & Documentation
Eligibility Criteria
- Age: 21 to 60 years
- Net monthly income should be Rs. 15,000 or above
- Credit score must be above 650
- Clear repayment history
- Employment stability with current employer
- Must be a Resident Citizen of India
Required Documents
- Passport, Voter ID, Driving License, PAN Card, or Aadhaar Card (Identity Proof)
- Address Proof - Passport, Voter ID, Electricity Bill, Ration Card
- Age Proof - Passport, Voter ID, Driving License
- 1 year Bank statement
- 3 months Salary Slips
- Employment Certificate & Office address proof
- Passport-size photographs
Fees & Charges
| Particulars | Charges |
|---|---|
| Loan Processing Fees | 2999/- to 5% of Loan Amount |
| Loan Cancellation | Usually 3000 to 5% of Loan Amount |
| Stamp Duty Charges | 150/- to 300/- |
| Legal Fees | As per actuals |
| Penal Charges | Usually 2% per month |
| EMI / Cheque Bounce Charges | Approx 499/- to 599/- |
Other fees and charges that lenders may levy on your personal loan include documentation charges, verification charges, duplicate statement charges, NOC certificate charges and swap.