Personal Loan: An Overview

A Personal loan is a form of credit offered by financial institutions for the borrower’s personal use. It is an unsecured loan and doesn’t require collateral as security or a guarantor to avail the loan. Personal loans can be best used for multiple purposes such as for travel, marriage, education, medical emergencies, electronics, business, debt consolidation and household use. A Personal loan can have either a fixed or floating interest rate and can be repaid in the form of EMIs over a pre-agreed period of time. A customer can also apply for a fast loan with a co-applicant to increase the chances of getting the loan.

Personal Loan Eligibility Criteria:

There is, however, a minimum eligibility for borrowers. One must meet following basic criteria to borrow from us:

The borrower must be an Indian Resident

Minimum age - 21 years

Valid government issued identity proof

Valid bank account

Basics of Personal Loans:

Our aim is to ease borrowing for the borrowers. Thus, we offer the best personal loan, loans for both good & bad credit and most importantly, quick loans. The advantages of borrowing from us are:

Our personal loan starts from the interest rate of 11.49%.

We offer instant online approval and cash within 2 days of the request..

We also consider credit repair and new to credit borrowers.

We offer personal loans starting from ₹ 50,000 up to ₹ 35 Lacs for a period of 1 to 6 years.