Personal Loan
Personal Loan is a low duration unsecured loan granted to an individual. It is commonly used to meet such financial needs as debt consolidation, wedding expenses, unexpected medical costs, home renovation, and others. The flexibility of usage, minimal documentation, and quick processing make personal Loan
A preferred financing option. Unlike other loans, it usually has a shorter repayment tenure ranging from 1-5 years. Depending upon the individual applicant’s profile and lender
All Indian residents, who are employees of either MNCs, Public and Private limited companies or Govt. sector with a minimum age of 20 years and maximum age of 60 years are eligible for a personal loan. Age may be differing from bank to bank & NBFC.
· HDFC Bank Net monthly salary of Rs. 25,000/- Income criteria vary company to company
· · Minimum Educational Qualification – Graduate, in some Bank 12th
·
· 1 Photograph, for 2 Photograph in Kotak Mahindra Bank
· Identity Proof,
· Residence Proof
· Pan Card
· Signature Proof
· Ownership Proof
· Income Details for Salaried
· Latest 2 Months Salary Slip, Latest 3 Months Bank Statement with 3 salary credited, Company ID
· Last 6months current account statement
10.50 % TO 36 % Depends on a bank to bank
