Personal Loan assessed based on income documents of individual or company. This is an unsecured loan therefore records of loans & credit score or the civil has to be good.

Personal loan processing is very easy as it required less documents as compare to any secured loan but it always attracts high rate of interest & shorter repayment period. 

Personal Loan can only be availed for any valid purpose,

• Wedding Expenditure

• Holiday Expenditure

• Purchasing Consumer Durables

• Furniture or Renovation at Home or Office

• Jewellery Expenses etc..

• Debt Consolidation

• Get rid of Credit Card out standings

• Get rid of obligations from friends or family

 

 The amount of loan can be ranged from Rs. 50,000 – Rs. 30 Lac & the tenure for repaying the loan varies from 1 to 5 years.