Personal Loan is a collateral free loan based on income documents of individual. Since this is an unsecured loan thus the borrowers past track records of loans & credit score has to be good.
A personal loan refers to money that is borrowed from a financial institution, for personal use. In opposition to larger and long-term loans, personal loans are taken into relatively short to medium terms. Generally personal loans are used to pay for one-time or short term expenses where a borrower doesn’t normally require disclosing the specific reason for the loan. This type of loan is used by many to resolve their current financial needs.
Personal loan eligibility factors
|Age||21 – 60 years||21 – 65 years|
|Minimum Income||Rs. 35,000 per month||Rs. 6 lakh per year|
|Total experience–||Minimum 2 years||Minimum 2 years in current business|
Pay up to 45%* lower EMIs
Meet your expenses with a Flexi Personal Loan and reduce your instalments by up to 45%*. Borrow money as and when you need from your sanction, without the need for multiple applications and additional documentation.
Money in bank within 72 hours*
Finaider offers the fastest personal loans in India – with disbursal in just 72 hours* of your loan getting approved.
Repay your loan with ease with flexible repayment tenor ranging from 12 to 60 months
No hidden charges
What you see is what you get. With easy to understand terms and conditions, our Personal Loan is transparent and comes with zero hidden charges.
Online process with minimal documentation
Apply for a personal loan online in few clicks. Complete the application process by submitting only a few basic documents and get instant loan approval.
High loan amount
You can get an instant personal loan of up to Rs.25 lakh based on your eligibility.