Personal Loan

A Personal Loan is borrowed from a bank, credit union or online lender and is paid back in fixed monthly payments, or instalments and it is an unsecured loan, which means you don't need to pledge a collateral to receive the funds. . It is the loan provided on the basis of key criteria such as income level, credit and employment history, repayment capacity, etc.

Availing one is easy – you can apply online and you can use the money to meet almost any expense.

Reasons to go for a personal loan

you can meet a wide range of financial requirements, such as:
 

• Medical emergency


• Home renovation


• Higher education


• Debt consolidation


• Travel


• Wedding


• Fund a holiday


• Buy a gadget
•  
• Eligibility criteria
  
  To avail a quick personal loan, you only need to meet the basic eligibility criteria.


• You must be a residing citizen of India


• Aged between 23 and 55 years


• Employed with an MNC, public or private company.


• Documents Required
• Income proof


• Address proof documents


• Identity proof documents


• PAN Card


• Bank Statement


• Certified copies of degree/license (in case of self-employed individuals)