Do You Need a Personal Loan ?

Paperless Online Application | Get Instant approval & Low EMI

A Loan For Every Need

Travel

wedding-loan-abhieo-image

Wedding Expenses

abhieo-home-improvement

HOMe Rennovation

Basic Eligibility Criteria

Above 21 Years

Pan Card And Adhar Card

SaLARIED / Self Employed

Last 6 months bank Statement

Good Credit Score

salary Slip or ITR

Frequently Asked Questions

A personal loan can be used for almost any type of expense ranging from big ticket appliance purchases and home renovations to luxury vacations and debt consolidation. Some other cases where personal loans may be useful include payment to unexpected medical bills, investment in business, fixing your car, down payment of new house and much more.

You must have a regular source of income to avail a personal loan whether you are a salaried individual, self-employed business person or a professional. A person’s eligibility is also affected by the company he/she is employed with, his/her credit history his/her residential location and other factors as per the lender’s criteria.

Personal loans feature tenure of 1 year to 5 years or 12 to 60 months. In rare cases, shorter or longer personal loan tenures may be allowed by the borrower on a case by case basis.

Yes, personal loan can be applied either by yourself (singly) or together with a co-applicant (jointly).The co-applicant needs to be a family member like your spouse or parents.  By getting a co-borrower, your loan application will be processed in a higher income bracket, enabling you to avail a larger loan amount. However, keep in mind that if either you or your co-applicant have poor credit history, the chances of success of your loan application may be adversely affected.

Though the document of personal loans  vary from one financial institution to another, some of the key documents that you would need to provide with your personal loan application include:

  • Income proof (Salary Slip for salaried/recent acknowledged ITR for self-employed)
  • Address Proof Documents
  • Identity Proof Documents and others
  • Certified copies of degree/license (in case of self-employed professional) and others as per the lender’s criteria