Personal Loan Upto 15 Cr
- Loan flexibility
- Fastest Service In India
- Attractive rate of interest
- Fast TAT
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Personal Loan
Personal loan is a short to medium term unsecured loan granted to an individual. It has no end use restriction except for speculative purposes. Thus, one can avail personal loan for meeting wedding, education, travel or home renovation expenses; for purchasing consumer durables, two wheelers or second-hand vehicles; etc. Flexibility of usage, minimal documentation and quick processing make personal loan a preferred financing option. Unlike other loans, it usually has a shorter repayment tenure ranging from 1-5 years. Depending upon the individual applicant’s profile and lender, the APR (Annual Percentage Rate) of a personal loan may vary from 11.29% to 35%.
Personal Loan Features
Personal loan eligibility depends on certain significant factors like your fixed monthly income, your age and nature of employment, professional experience and CIBIL score etc. Personal details required for quick disbursal of personal loans from Loan walas
Eligibility checklist for salaried people:
- Between the ages of 21 and 58 years
- Minimum monthly income of ₹15,000
- 1-year work experience
Personal Loan Documents
Now that you know the eligibility criteria and find yourself eligible for the loan, let us look at the documents you need to submit.
- Photo Identity Proof
- Income Proof
- Salary Slips
- Address Proof documents
- Employment Certificate
frequently asked questions
The process is swift and easy. You provide us with the required details like your PAN number, CIBIL Score and KYC documents, copies of your payslips, bank statements and address proof. For more details, go through our Personal loan eligibility and Documents required sections.
- Travel—Visit your dream destination
- Education—Gift your child the future he/she deserves
- Wedding—Celebrate the best day of your life with a fairy tale wedding
- Medical—Provide your loved ones with the best in medical care
- Debt Consolidation—Repay off your costlier loans and ease your burden
like any other form of credit, a personal loan provides you with an opportunity to build creditworthiness and improve your CIBIL score. Paying off your EMIs with regular frequency to ensure loan repayment within the fixed tenure, will automatically improve your credit score