Personal Loan

Personal Loan

A personal loan is an unsecured loan where the amount is borrowed for the fulfilment of the short- medium term personal needs or expenses. It’s an express way of realizing and fulfilling the dream without any hassles. Though most commonly used to meet expenses related to debt restructuring, vacations, unexpected medical expenses and down payments, a personal loan may be used for practically any type of expense it’s an unsecured loan offered to salaried as well as self-employed individuals.

ELIGIBILITY CRITERIA

Your eligibility is determined after looking at the following:

• Your current income
• Years of work experience
• Nature of your job and the company you work for
• Your current obligations i.e. the other instalments (EMIs) you are currently paying, the number of credit cards and credit limits you have or use
• Your past credit history is likely the most important determinant in being able to get a personal loan
• Current Address Proof
• Permanent Address Proof

Loan Process

The loan will be carrying a flat rate of interest 5% - 9.50% or as per avail by financial institutions under norms of RBI Govt. of India per annum flat / reducing basis. This loan will be avail by us from different sources or others financial institutions i.e. Banks / NBFC / FDI etc.

loan will be avail for minimum period of 1 year and maximum for 20 years or as per financial source companies terms. Loan will avail upto 80% of property market value. That the Installments may be payable on monthly/quaterly/ yearly basis. That all the documentation should be completed by loanee in prescribed time period otherwise your loan application will be dismiss/rejected automatically.

Company will take surites to secure loan amount as per RBI norms. Loan amount and disbursement will avail at solemnly discretion of company/financial institutions.