A personal loan is an unsecured loan that you can use for various personal expenses, such as home renovations, medical bills, or debt consolidation. Since it’s unsecured, you don’t need to provide collateral. You borrow a fixed amount and repay it with interest over a set period, typically in monthly installments.

You can apply for a personal loan through our website by filling out the online application form. You will need to provide personal details, financial information, and supporting documents such as ID proof, address proof, and income proof.

Eligibility criteria generally include being an adult (usually 21-60 years old), having a stable income (either salaried or self-employed), and a good credit score. Specific criteria can vary by lender.

• Required documents typically include:
  • Proof of identity (e.g., passport, driver’s license)
  • Proof of address (e.g., utility bills, rental agreement)
  • Proof of income (e.g., salary slips, tax returns)
  • Bank statements for the past 3-6 months

The loan amount depends on various factors such as your income, credit score, and lender policies. Generally, you can borrow anywhere from ₹50,000 to ₹50,00,000 or more.

Interest rates on personal loans can vary widely based on your creditworthiness, income, and the lender’s terms. Rates typically range from 10% to 24% per annum.

Repayment tenures for personal loans generally range from 12 months to 84 months. You can choose a tenure that best suits your repayment capacity.

Yes, most lenders allow you to prepay your personal loan, either partially or in full. However, there may be prepayment penalties or charges, so it’s important to check the terms with your lender.

Once your loan is approved, the amount is typically disbursed within a few working days. The exact time can vary based on the lender’s processing times and your bank’s procedures.

Missing an EMI payment can result in late fees and penalties. It can also negatively impact your credit score, making it more difficult to secure loans in the future. If you’re unable to make a payment, contact your lender immediately to discuss your options.