A loan that establishes consumer credit that is granted for personal use; usually unsecured and based on the borrower's integrity and ability to pay.
Personal loan is normally used for personal purposes like holiday, marriage, personal expenses, home renovation, consolidation of credit card debt etc.
Bank/NBFC offers Personal Loan from Rs.1 lac to Rs.30 lacs and it can be repaid over a period of 12 months to 60 months. Loan amount you are eligible for and the interest rate you will be charged are dependent on factors such as monthly income, customer's employment history and past financial credit history with pattern.

Documents Required

  •   ID proof (PAN Card, Driver's license, Voter ID, Passport, Aadhar)
  •  Address proof (Electricity bill, Telephone bill, Ration card, Bank statement, Credit card statement)
  •  Passport Size Photo
  •  3 month's Salary slips
  •  3 month's Bank statement
  •  Last 2 years form 16
  •  Sale Agreement
  •  Property documents
  •  Receipt of Booking/Advance payment (If any)