Personal Loan
A Personal Loan is a kind of financial credit given by bank, NBFC or any financial institutions to the customers without any collateral or security.
PERSONAL LOAN
A Personal Loan is a kind of financial credit given by bank, NBFC or any financial institutions to the customers without any collateral or security. Personal loan has not usage restrictions. The personal loan can be used for any purpose like: payment of bills, buying of goods, home expenses etc.
Personal loan can be sanctioned with an ease and minimal documentation as compared to other type of loans. No need of guarantor and no need of security or collateral. There is also availability of flexible loan tenure.
The minimum eligibility is:
a) An individual should be 21 years of age.
b) The minimum net monthly income should be at least Rs. 25,000.
c) Completed minimum of two years in employment and one year in the current organization.
d) Completed minimum one year of stay at the current residence, if rented.
REQUIRED DOCUMENTS:
- Aadhar Card
- PAN Card
