Overview
A Personal Loan is an unsecured loan that you can borrow to meet various personal financial needs, such as funding a wedding, medical emergency, home renovation, or travel. There is no collateral required.
Features & Specifications
- Quick approval and fast disbursement within 24 hours.
- Collateral-free/Unsecured loan.
- Repayment tenure from 12 to 60 months.
- Minimal documentation.
Interest Rate
10.50% - 18.00% p.a.
Processing Fee
1.00% - 2.50% of loan amount
Eligibility Criteria
- Age: 21 to 60 years.
- Minimum monthly income: Rs. 20,000.
- Good credit/CIBIL score (700+ preferred).
- At least 1 year of continuous employment.
Documents Required
- Identity Proof: PAN Card/Aadhaar Card/Passport.
- Address Proof: Utility bill/Aadhaar.
- Salary slips for last 3 months.
- Bank statements for last 6 months.
Key Benefits of Applying via Loan Sahyog
- No restriction on end-use of funds.
- Instant online verification.
- Competitive interest rates based on your profile.