About Personal Loan

Personal loan When you apply and receive approval for the loan, you’ll receive the amount of money you requested to borrow in a lump sum.You pay back that money in installments. The timeframe of those payments is determined by the specific terms of your loan.

A personal loan is an unsecured loan. That means you don’t need to put up collateral or a down payment in order to receive funds.

Personal loans are fairly standard as they sound. You borrow money for your own use. Might not have to face intrusive questions over what you're going to do with it. As long as they get their interest that is.

Personal loan Benefits with borrow

  • Simplified Documentation
  • Loan Disbursal in 48 hours*
  • Transparent Processing
  • Competitive Pricing

Given the condition of the monetary markets today, things are progressively flighty, which is the place you require some solid and strong help from specialists like My Business loan who ensure you get the best choice made accessible to you.

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About Business Loan

Beginning a business relies upon two principle things which are thought and store. Here and there you may get an incredible business thought and you may even begin the establishment with a little store however with time your requirement for subsidizing will develop. To begin the business, you will require a major speculation and after that customary stream of cash to keep it developing.

Business credits could be for various exchange related purposes where the certifications rely upon the sum acquired and your business thought. The moneylenders need to cover their own backs when giving an advance. My business loan guarantees you get your cover also..

Compare business loan interest rates of leading banks & NBFCs and check your eligibility, documentation and process to apply for quick business loans. Business Loan Eligibility Criteria depends upon various factors which differ from bank to bank. The main factor of course, is your ability to repay the loan. Banks that offer business loans will run extensive checks on your business, profits, financial statements and scope of success.

Business loan Benefits with borrow

  • Simplified Documentation
  • Loan Disbursal in 48 hours*
  • Transparent Processing
  • Competitive Pricing

Loans imparted to meet Short Term working capital gap arrangement are referred to as Business Loans or Business Installment Loans. Such loans can be availed by business houses from multiple loan providers such as Banks, NBFC, P2P lenders etc.

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Eligibility Criteria for Loan

Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a personal loan.

Business Loan Eligibility Criteria. Business loan eligibility depends upon various factors which differ from bank to bank. The main factor of course, is your ability to repay the loan. Banks that offer business loans will run extensive checks on your business, profits, financial statements and scope of success.

Age

age should be in between for personal loan application: 23/58 years

Income

Minimum Net Monthly salary: Rs 25,000

Credit Rating

Applicant should have the bank specified credit score.

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Documentation

The following documents are required along with your Personal Loan application:

  • Personal Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
  • Home Address proof (copy of passport/voter ID card/driving license/Aadhaar)
  • Bank statement of 6 months
  • 3 months Latest salary slip/current dated salary certificate with the latest Form 16

Fees and charges

Get more details about the fees and charges as well as the other things you need to keep in mind while availing a personal loan:

  • Types of fees

    Charges applicable

  • Rate of interest
    Up to 11% -22%
  • Processing fees
    Up to 2%
  • Loan statement charges
    Nil
  • Interest & principle statement charges
    Nil
  • EMI bounce charges
    yes
  • Secure fee
    NA

*Service Tax and other Government taxes, levies etc. applicable as per prevailing rate will be charged over and above the Fees and Charges

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Frequently Asked Questions

We are almost ready with your Frequently Asked Questions. Already we answered all question please check below may i will help to you.

Nearly every type of loan can be paid off early and there are a few different ways to go about it.The best reason to pay off debt early is to save money and stop paying interest.

Thankfully, both banks and non-bank lenders are offering better refinance options.

Finalize the refinancing. Don't feel pressured into accepting a refinancing offer just because you got approved. If the terms aren't appealing, you can decline the offer and apply again later or with a different lender.

These six tips will improve your chances of getting approved and help you qualify for better terms.

  • Determine What Type of Loan You Need...
  • Check Your Credit Score...
  • Improve Your Credit Score...
  • Find The Right Lender For Your Credit Score...
  • Only Consider Reputable Lenders...
  • Pay Attention to Your Debt-to-Income Ratio

Business Instalment loan (BIL) is an unsecured loan which is provided to a self-employed individual and entity. A business instalment loan is a business loan that can be availed for any business upgrade or equipment purchase, which is repaid in equal instalments at fixed intervals, mostly monthly

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Fulfil your dreams to lead the life you want, the way you want with a personal loan! Download loan forms now!

Low interest rate personal loans from a wide range of lenders, Customers can now easily download documents forms to apply for their personal loans, KYC or any other forms

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