An Online Personal Loan is a versatile, unsecured loan designed to cater to various financial needs, such as debt consolidation, home renovations, or unforeseen expenses. Unlike other specific loans like auto or home loans, an Online Personal Loan can be used for any purpose. Salaried individuals can easily apply for an instant Online Personal Loan and get approval quickly.
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Here are the eligibility criteria for an Online Personal Loan for both self-employed and salaried individuals.
Eligibility 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 |
Instant Personal Loans are disbursed quickly with minimal documentation, based on the applicant's credit profile. They are ideal for immediate financial needs.
Short-Term Personal Loans have brief repayment terms, typically ranging from a few days to 12 months.
Pre-Approved Personal Loans are offered to existing bank customers based on their credit history, income, and other factors.
Consumer Durable Loans can be used to purchase items like smartphones, furniture, and appliances, with the cost divided into EMIs.
A Personal Loan Balance Transfer allows you to transfer your outstanding loan to another lender for better terms.
Top-Up loans provide additional funds to existing personal loan borrowers with good repayment history.
This loan option is available for those looking to finance education-related expenses in India or abroad.
Consolidate multiple debts into one manageable loan, reducing overall interest costs and monthly payments.
Get an instant online personal loan by providing simple documents. Here is the list of documents required for applying:
Any of the above identity proof documents with the permanent address.
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