For Personal Loan
Personal loan can be taken when expenses arise like Higher education for self/children, Dream Vacation, marriage, medical emergencies, purchase of high end consumer goods etc. The only condition is that the personal loan should not be used for speculative purposes.
Personal loan is a simple hassle free process of funding your personal requirement with minimal documentation and within quick time.
Benefits of Personal Loan
- Multi purpose loan
- No guarantors. No collateral.
- Fixed Rate of Interest
- Simple Documentation,/li>
Personal Loan Eligibility
- Should be a Indian Resident
- Should be minimum 21 years of age
- Should be Salaried
- Should be a permanent employee of the organization
- Should have continuous source of income to service the loan.
Documents Required In Personal Loan:
The documentation process in personal loan is very fast as against secured loans. Following documents are required by Banks or financial institutions to process the loan application:
- Identity proof
- Residence proof
- 3 months Salary slip
- 6 months Bank statements