Personal Loan
A personal loan is a flexible unsecured financial product that can be used for a variety of personal expenses such as weddings, vacations, emergency medical needs, home renovation, or even education. Unlike secured loans, personal loans do not require you to pledge any asset as collateral. They come with fixed interest rates and a set repayment schedule, and eligibility is primarily based on your credit score, income level, and repayment history.
🎯 Eligibility Criteria
Age:
21 to 60 years
Employment:
Salaried or self-employed with stable income
Income:
Minimum monthly income of ₹15,000
Credit Score:
Preferably 700 or above
Residency:
Resident Indian citizen
📄 Documents Required
PAN Card
Aadhaar Card
Passport size photograph
Salary slips (last 3 months)
Bank statements (last 6 months)
ITR/Form 16 (last 2 years for self-employed)