Personal Loan

What is a Personal Loan?
A personal loan is a type of loan that helps you to come over a difficult situation when you need funds. A wedding in the family, a renovation of your house, repair on your four-wheeler, a gift to a loved one, a medical condition that needs immediate attention, higher education for your children, or a trip abroad. They need to be tackled and you are ready to tackle them but you are short of funds. This is where personal loans come in handy as they can be availed of in quick time without too many formalities and what is more without providing any security or collateral.

Who is eligible for a Personal Loan?

1. A salaried person, aged 21-58 years employed in a reputed organization in the private or public sector with a two-year track record in the organization earning a minimum salary of Rs 15,000 per month.
2. Self-employed professional aged 25-65 years with a 3-year business record in the same city earning an income of Rs 2,00,000 per year.

1. We provide/help you to provide personal loans from a minimum of Rs 25,000 to a maximum of Rs 1,000,0000/-
2. We provide interest at the rate starting from 10.75% depends upon your eligibility. The amount of the loan and the interest rate depend on factors such as your credit score, standing in the business or profession, the length of service in the organization, income and other loans if any.

How much EMI do you have to pay?
The EMI that you pay depends on the principal loan amount, the interest rate charged and the period for which the loan is taken. We provide/help you to get a personal loan with loan tenure between 3 months to 60 months.

Personal Loan Balance Transfer and Top-up
A Personal Loan balance transfer facility can be avail by the customers who already have a running personal loan with another financial institution and when they avail that loan at that point of time may be the interest rate is higher and now the rate gets lower and that customer want to take the benefit of lower interest rate. Lower interest rates help you to reduce your existing EMI. Balance transfer of personal Loan not only reduces the existing EMI but also helps the customer to take below mentioned benefits

• Enhancement in your personal loan from the original loan amount with your present lender as per your eligibility
• The additional amount will be directly credited in your bank account which you can use for your personal need
• Longer tenure up to 5 years
• Transparent terms and conditions without any hidden charge
• Minimal formalities and paper work in the transfer process
• Special benefits and offers depends upon the ticket size and customer profile