Personal loan is not a secured loan which means it does not need any security. Personal loan can be available for personal use like expenditure of wedding, school or college fees, dream vacations, home renovations projects. The processing of apply to personal loan is very easy. You can also apply for a personal loan online and the result shown will be soon.
What are the benefits of Personal Loan?
- Personal loan amount can be ranged from Rs. 50,000 to Rs. 20 lakhs from 1 to 5 years.
- Flexible Repayment options.
- Minimal paper work
Required Documents for personal loan
- Proof of identity
- Bank transaction statements over 3 to 6 months
- Proof of your residence
- Salary slips (for employees)
- Profit & loss account, partnership deed & other mandatory documents (for self employed)