Personal Loans come with several benefits as mentioned herewith:

• Get approval for loans up to INR 15 Lakh, depending on income and repayment capacity.


• Quick processing often sanctioned within 72 hours, depending on documents submitted.


• Personal loans typically don't require any guarantor or security.


• Minimal documentation.


• 12-60 months repayment tenure.


• Multiple repayment methods such as post-dated checks, electronic clearing services, account debit.


• Attractive interest rates.


• Personal loans available for salaried and self-employed.

For Salaried:

• Should be an Indian.


• Should be minimum 21 years of age and maximum 58-60 years.


• Minimum net income of INR 40,000 per month.


• Overall 3 years of work experience with a minimum of one month experience in the current organization.


• Residence either owned, company provided or rented.
  

• How is the loan repaid?
  The total loan amount plus the rate of interest is payable at a fixed equated monthly installment on a fixed date of repayment, either via account debit, post- dated check or electronic clearing services.


• Where can a personal loan be utilized?
  Many a times there is a need of immediate finance which can be repaid slowly on a monthly basis. These could be needed for your child's marriage, going for a foreign vacation, renovation of home, etc..


• Are there any additional charges?
  A processing fee of 2% of the loan amount is payable upfront. This fee will be deducted from the disbursal amount payable to you..


• Can I prepay my loan?
  Yes, you can prepay the entire loan outstanding any time.