PERSONAL LOAN

Personal Loan Basic Information

What is a Personal Loan?

A personal loan is a type of unsecured loan that helps you meet your current financial needs. You don’t need to pledge any collateral to avail of this loan. Personal loans can be used for various purposes like consolidating debt, covering medical expenses, funding home renovations, or financing a major purchase.

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Age

Applicants must be between 21 and 60 years old.

Income

Stable income source, whether from a job or self-employment.

Credit Score

A minimum credit score of 700 is usually required.

Documentation

Valid ID proof, income proof, address proof, and employment verification.

You can apply for a personal loan by filling out an online application form on our website. You will need to provide personal and financial details, as well as submit required documents like ID proof, income proof, and address proof.

Interest rates for personal loans typically range from 6.5% to 15% APR. The exact rate will depend on your credit score, income, and other factors.

The approval process usually takes a few business days. Once approved, the funds are typically disbursed to your account within 24 to 48 hours.

Yes, there may be fees such as processing fees, late payment fees, and prepayment penalties. We provide a transparent fee structure with no hidden charges.

Taking out a personal loan and making timely payments can positively impact your credit score. However, missing payments or defaulting on the loan can have a negative effect.

Start by filling out our user-friendly online application form. You will need to provide personal details such as your name, address, date of birth, and contact information. Additionally, you'll need to include financial information such as your employment status, income, and existing debts.

  • ID Proof: Passport, driver’s license, or any government-issued ID.
  • Income Proof: Recent pay stubs, tax returns, or bank statements showing your income.
  • Address Proof: Utility bills, lease agreements, or other documents that confirm your current address.
  • Employment Verification: A letter from your employer or recent pay stubs.
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