Personal Loans

A personal loan is a loan for your personal use, be it your child’s wedding, a dream vacation, or a shopping extravaganza. A personal loan does not require any security or collateral and can be availed without much fuss. Typically personal loans range from Rs. 50,000 to Rs. 50 Lacs with a tenure typically ranging from one to five years. Getting a Personal loan is quite stress free and there are typically a number of offers in the market most of the time. ELIGIBILITY CRITERIA • Your current income • Years of work experience • Nature of your job and the company you work for • Your current obligations i.e. the other installments (EMIs) you are currently paying, the number of credit cards and credit limits you have or use • Your past credit history is likely the most important determinant in being able to get a personal loan