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Personal Loans starting @ 10.5%
Eligibility & Documentation for Personal Loans
Loans for personal purposes have been a great relief for individuals and professionals since it helps them meet personal needs like emergency, marriage, child education, travel, holiday, EMI repayment, home repairs, festival expenses, etc. Today as most banks and NBFCs are offering quick personal loan, professionals can easily apply online for and get approval within 24 hours. Generally, the only criteria for most banks is that borrowers have a good CIBIL track record and credit score. Having a good CIBIL with no defaults or settlements helps in getting loan approval quickly. Since personal loan is an unsecured type of loan, banks are very careful before giving such loans to individuals. Unlike other type of loans, personal loan can be obtained very quickly at interest rates starting from 11.49%. However borrowers need to understand interest rates on personal loan is not fixed but within a range and the final interest rate offered depends on the borrower’s profile and work or occupation.
It is also important to keep all the documents and statements updated when applying for a loan.
Documents required for loan eligibility & application:
- PAN Card
- Salary Slip or Form 16
- ID & Address Proof
- Job Continuity Proof (minimum 1 year)
- Details of existing Loans & EMI
- Credit History like CIBIL Score
Banks & NBFC Personal Loan Partners
FinanceBazaar.com offers Personal Loans from multiple Banks and NBFCs such as ICICI, Axis, HDFC, SBI, OBC, Union, PNB, TATA Capital, Capital First, Fullerton, Bank of India, Dena Bank, Vijaya Bank, Syndicate Bank, Yes Bank, Kotak Bank, Aditya Birla Finance and many other banks and NBFCs.