A personal Loan is a loan that comes in handy for immediate and urgent requirements, be it for your child’s wedding, education or medical expenses or for a dream vacation.
Personal loan typically ranges from Rs.50,000 to Rs.30lacs taken for maximum of five years. Personal loan does not require any collateral security or a guarantor. Depending on the profile of the loan seeker, rate of interest ranges from 10.99% to 18% or more per annum.
These two categories of personal loan balance transfer and top-up loan facility can help customers better manage their various loan products with more competitive interest rate.
Balance transfer rates for personal loans ranges from 10.99% to 12.49%. By availing balance transfer, we can drastically reduce the EMI burden that is paid to multiple banks and save lot of money as interest.
Transfer your existing loan or multiple loans and credit card outstanding to single high value loan and reduce your interest burden.
Get a top-up on existing personal loan once 6 to 12 EMIs were paid subject to a maximum of 40% of monthly take home salary.
Latest three months pay slips.
Three months bank statement till date.
Latest financial year Form 16.
Offer Letter of the company if less than one year service in current company and with previous company relieving letters.
Address Proof (Aadhaar card, driving license, power bill, passport copy months or 6 bank statement if it has same present address).
Company ID card.
Two passport sized photographs.