A Personal Loan is a viable way to fund anything from a holiday abroad to your child’s education and a home renovation to a wedding in the family. One can avail of a loan without any collateral or security for a pre-decided period of time at a particular rate of interest. In order to apply for a loan and minimize the risk of lenders, the borrower will need to provide proof of employment and income along with sufficient identity proof.
Features and Benefits
- Get high-value loans
- Enjoy attractive interest rates
- Easily calculate Loan value
- Benefit from a high LTV ratio
- Avail of special schemes and benefits
- Apply for a loan no matter who you are
- No guarantor or Post-Dated Cheques required
Eligibility and Documentation
- Age proof
- ID proof
- Application form
- Photograph
- Residence proof
- Income proof
- Bank statement
- Signature verification proof
- Pro-forma Invoice or Rate List
Interest Rates and Charges
- Rates of Interest - 11.00% - 12.00%
- Processing Fee Rs. 3500 to Rs. 5500
- Documentation Charges Rs.300/-
- Other Charges - Inclusive of Service Tax
Time taken for Fund Transfer
Fund transfer to customer's account usually takes 3-4 working days. In case customer opts for a demand draft request, the same takes up to 11 working days to receive the draft.
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