What is Personal Loan?
A personal loan is an unsecured loan taken by salaried individuals to meet their personal financial needs.
Eligibility Criteria:
- Age: 21-60 years
- Minimum Income: Rs20,000
- Credit Score: 600-750
- Employment: Salaried
- Residence: Indian citizen
Documents Required:
- ID proof (Aadhaar/PAN)
- Address proof (passport/driving license)
- Income proof (salary slips/bank statements)
- score report
Personal Loan Features:
- Loan amount: Rs50,000- Rs75 lakhs
- Taken for personal use like, Home renovation, marriage, education etc.
- Less Documents and Easy Approvals.
- Balance Transfer of old loans on Lower rates.