Personal Loan

Personal loans are any purpose loans which are given without any collateral or guarantor. This is a very unique loan product wherein the borrower is at his/her discretion to do whatever they need. In other words, unlike a car loan or a housing loan, a personal loan can be used by the borrower for any of his/ her personal needs. There is no restriction for the usage of such loans though it should not be used for speculative purposes and investment in tax saving instruments.

Features of Personal Loan: -

Collateral Free Loans
Fast Disbursal
Overdraft Limit also available, where interest is charged only on usage of amount
End use is not monitored.
Short term loan so interest payment is also low
Low documentation and fast disbursal
Personal loans are currently offered from Rs 50,000 to Rs 50 Lakhs and are typically repaid in tenures ranging from 1 to 5 years.

Documents Required For Personal Loan:

THE GENERAL LIST FOR OBTAINING A PERSONAL LOAN ARE AS FOLLOWS:

Photograph
Identity proof
Address proof
Income proof
Bank Statements
Continuity Proof
Qualification proof (applicable only for Self Employed Professionals)

- Enquiry -