Instant Personal Loan

A personal loan is a form of loan that you can take out for your own needs, such as paying off debt, funding a wedding, making changes to your house, or dealing with unforeseen costs. Personal loans often do not require collateral and can be used for any purpose, unlike loans with particular uses, like auto loans or mortgages.You can also get instant personal loan online for salaried people.

Features and Benefits of Best Personal Loan

  • Minimal documentation
  • Loan up to Rs 40 lacs
  • EMI starting at Rs 1,829/lac
  • Minimal processing fees
  • Flexible tenure up to 5 years
  • Competitive interest rate
Loan Disbursal in 3 hrs*
100% Online Process

A Four-Step Guide to Efficient Financing

Complete Your Basic Details
Check Your Soft Eligibilty
Complete Your Details
Get Disbursal in account

Eligibility Criteria for Personal Loan

Here are the eligibility criteria of personal loan for self-employed and salaried.

Eligibilty Criteria Salaried Self-Employed
Age 21 to 60 years 22 to 55 years
Net Monthly Income Rs.15,000 monthly Rs.25,000 monthly
Cibil score 750 and Above 750 and Above
Minimum Loan Amount Rs.50,000 Rs.50,000
Maximum Loan Amount Rs.25 lakh Rs.1 Cr

Note Most lenders feature an online personal loan eligibility calculator to make it simpler for the borrowers to determine if they qualify for a best personal loan or not.

Documents Required for Personal Loan

Get an urgent personal loan by providing simple documents . Here are the list of a personal loan documents required for applying

Identity proof ( any one )

  • Adhaar card
  • PAN card
  • Voter ID
  • Passport
  • Driving license

  • Address proof (any one)

    Any of the above identity proof documents with the permanent address

  • Electricity bill
  • Telephone bill
  • Post-paid mobile bill
  • Water tax
  • Property tax receipt

  • Income proof for salary individuals

  • Salary slip
  • Bank account statements

  • Types Of Personal Loan

    Instant Personal Loans

    With no or few paperwork requirements, rapid personal loans are granted instantly and in a matter of minutes. Banks and NBFCs typically offer personal loans with instant disbursals to their chosen clients based on their credit profiles.

    Short - Term Personal Loans

    Repayment terms for short-term personal loans are brief and range from a few days to 12 months.

    Pre-approved Personal Loans

    Banks and NBFCs typically give pre-approved personal loans to their current clients based on their credit histories, income, employment histories, etc.

    Consumer Durable Loans

    Any consumer durable item, including smartphones, sofas, microwaves, etc., may be purchased with a consumer durable loan. The purchase price is divided into EMIs, which can be paid off within the chosen duration. There might be a processing charge or down payment needed for some products but not others.

    Personal Loan Balance Transfer

    Borrowers may use the personal loan balance transfer feature to move their outstanding personal loans to a different lender in search of lower interest rates or better loan terms. Transferring your existing personal loan should only be done, though, if it will save you more money than it will cost.

    Personal Loan Top Up

    Personal Loan Top Up is a service provided to current borrowers of personal loans who require more funds to meet their financial obligations. However, this lending option is only made available to a limited number of current borrowers of personal loans who have a good history of making their payments on time and/or who have made a certain number of EMIs.

    Personal Loan For Education

    For those who need money to pursue higher education in India and abroad, vocational training, etc. but are unable to obtain a traditional education loan, there is the Personal Loan for Education option.

    Debt Consolidation Loan

    A debt consolidation loan enables people who are suffering with several debt commitments to combine all of their debts into one loan that they can take out at a lower interest rate and/or for a longer term. The main reason to apply for a debt consolidation loan is to lower the EMI and interest cost.

    How to Apply for a Best Personal Loan Online

    Here are the some few steps that help you to applying for a personal loan online

  • Visit the official website .
  • Firstly , login with your name and number .
  • Then fill your employment type.
  • Verify OTP.
  • Upload all the documents and submit .
  • Last , you will get a call from the Fincrif team and help you to proceed next.
  • FAQ - FinCrif Freqently Asked Questiones

    Yes you are able to foreclose your loan. It is advisable, nevertheless, to speak with the financial institution to make sure there are no consequences for doing the same.

    ou can choose from a variety of personal loan amounts offered by different bank lenders.

    For personal loan approval, a CIBIL score of at least 700 is recommended.