The technological growth of FinTech companies has changed the ways of dealing with finances, including getting a loan. It has become a 100% digitized process with leading NBFCs to meet your financial needs on time.
Online Personal Loan Application Process
Check Applicant’s Eligibility
Personal loan criteria are easy to get an instant personal loan sanctioned. You can check your loan EMI eligibility with a free and easy-to-use online tool – the personal loan interest rate calculator.
- An applicant should be an Indian resident.
- The age limit is a minimum of 21 years at the time of loan application and a maximum of 60 years at the closure of the loan tenure.
- A salaried or self-employed person can apply for a personal loan.
- The minimum monthly income requirement is Rs.20,000 for salaried individuals in Delhi and Mumbai and Rs. 25,000 for other cities.
- For self-employed persons, the minimum income is based on the type of business.
Access the online personal loan application at the lender’s official website or via mobile application and enter your personal details along with your mobile number. Verify the OTP.
Upload Required Documents
You need the scanned copies of the following documents to complete an online personal loan application:
- Age proof – Passport/PAN/Relevant certificate
- Identity Proof – Driving License/Voter’s ID Card/Passport
- Proof of Address – Passport/Driving Licence/Utility Bill/Ration Card/Rent Agreement/Bank passbook
- Proof of Income – Salary slip or bank statement of last three months for salaried and Income Tax Returns or Form 16 for self-employed
- Recent Passport size photos
Get ready for loan approval within minutes.
Must Read: 5 top things to know before you take out a personal loan
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