Life can be full of surprises, and sometimes those surprises come with a price tag. Whether you’re planning something big, like a home makeover, or dealing with the unexpected, a personal loan can help you cover the costs without the stress.
Eligibility Essentials For Personal Loans :-
Individuals aged 21 to 60.
Those who earn at least ₹25,000 per month after taxes.
People working in private companies or government jobs, including central, state, and local government.
Those who have been employed for at least 2 years, with at least 1 year at their current job.
Personal Loans Documents :-
Identity proof / address proof (copy of passport/voter ID card/driving license/Aadhaar Card).
Bank statement of previous 3 months (Passbook of previous 6 months).
Two latest salary slip/current dated salary certificate with the latest Form 16.
Benefits Of Personal Loans :-
Quick Access to Funds When You Need Them :- Life can throw unexpected expenses your way, and a personal loan helps you cover them without delay.
Flexibility to Use Funds Your Way :- Unlike other loans with specific uses, personal loans are versatile. You decide how to use the money—whether it’s for debt consolidation, medical expenses, a vacation, or any personal project that matters to you.
Affordable, Predictable Monthly Payments :- Personal loans come with fixed interest rates, which means your monthly payment stays the same.
Improves Your Credit Mix :- Adding a personal loan to your credit profile can positively impact your credit mix, especially if you’ve only used credit cards.