About Personal Loan:-
Personal loan is a type of unsecured loan and it helps you meet your current financial requirements. In this you don’t required to pledge any security or collateral while availing a personal loan.
Use of Personal Loan:-
You are free to use the funds provided by the lender.Personal Loan can be used like a holiday, buy a gadget, pay for medical treatment, use on home renovation, spend on a wedding, finance your children’s education, etc.
Tenure:-
Repayment term in personal loan is maximum 3-5 Years. You can take term as per your need. You have to pay EMI according your loan amount comprising principle and interest.
Interest Rate:-
Personal Loans interest rates start from 11.00% per annum to 18.00% per annum depending on bank to bank.
Documents for Salaried:-
- Latest three months Salary Slip
- Latest six months bank statement of salary account
- Pan Card
- Aadhar Card
- One Photo
- Loan statement if any existing loan