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Personal Loan for Salaried

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PERSONAL LOAN FOR SALARIED

Get up to ₹ 2 lakhs directly in your bank account by applying for our quick online Personal Loan to fulfil your financial needs with a loan tenure of 3-12 Months.

ELIGIBILITY CRITERIA

  • Nationality- Indian
  • Monthly Salary: Starting from Rs 25000 based on the city you live in
  • CIBIL Score – 670 or higher
  • Employed with Public, private, or MNC.
  • Age- 21 to 58 years.

DOCUMENTS REQUIRED

  • KYC Documents – Aadhar/Passport/Voter’s ID/Letter from NPR/NREGA Job card.
  • PAN Card
  • Employee ID card.
  • Salary Slip for the last 3 months.
  • Bank Account statement for the previous 3 months.

APPLICATION PROCESS

Check your eligibility. 

with just a few details, check your eligibility for a personal loan.

Upload documents.

complete your application by uploading few documents as mentioned above.

Get a loan offer.  

we will evaluate & propose a fair loan offer to you.

Sign Your Loan Agreement & Get the Disbursement in Minutes

You will get the funds in your account after verification.

APPLICABLE FEES AND CHARGES:

Type of Fee Applicable Charges
Rate of interest 18% to 30% per annum
Processing Fees Up to 4% of the loan amount (inclusive of applicable taxes)
Bounce Charges In case of default of repayment instrument, Rs. 1,500 per bounce will be levied
Penal Charges Delay in Payment of Installment(s) shall attract Penal charges of Rs 20 per day per installment from the respective due date until the date of receipt of full instalment(s) amount.
Document Processing charges Rs. 2,500 (inclusive of applicable taxes)
NIL Prepayment charges
Stamp duty Payable as per respective state and deducted upfront from loan amount.
Broken Period Interest Scenario 1 - More than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, Broken Period interest shall be deducted from the loan disbursement.

Scenario 2 - Less than 30 days from the date of loan disbursal till the first EMI is charged: In this scenario, interest is charged only for the actual number of days since the loan was disbursed.

FREQUENTLY ASKED QUESTIONS

What is a personal loan?

A Personal loan is a type of credit facility you can avail of without any security or collateral for your dream vacations, wedding, home renovation, and medical emergencies.

The annualised rate of interest (% p.a.) is the cost that the borrower must pay for money borrowed from the lender. The interest is payable on the principal loan amount basis the loan tenure opted. We offer personal loans with an annualised interest rate ranging from 18% to 30% p.a. which can be repaid over tenures between 3 months to 12 months.

For instance, Meera took a personal loan of Rs. 1,00,000 at an annualised interest rate of 15% p.a. for a tenure of 12 months. In this scenario, Meena’s annual interest payable will be around Rs. 8,310 and her monthly EMI shall be around Rs. 9,026. Here, she will be repaying around Rs. 1,08,310 in total during the loan tenure towards principal and interest component, apart from other charges applicable, if any.

We consider a CIBIL score of 670 or above as a good credit score.

What can I use a Personal loan for?

You can use a Personal loan for

  • Medical Emergency
  • Wedding
  • Vacations
  • High Education
  • Home Expenses

Start by clicking the “Apply now” button on this page and verify your mobile number with the OTP that is sent to your phone and fill the online application form and upload the required documents. Once your loan application is approved, you can get money in your account within 48 hours.