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