Eligibility criteria
If you meet the five basic criteria mentioned below, you are eligible for a personal loan
- Nationality should be Indian.
- Minimum age: 21 years and Maximum age: 60 years
- Employed with Public, private or MNC.
- CIBIL score should be 700+ or higher.
- Monthly salary should be starting from Rs. 16,000 (Based on the city you are living in)
Documents required
Below are the documents required for completing your application process
- KYC documents (Aadhar card / Voter’s ID / Passport / PAN card).
- Salary slip of last 3 months.
- Employee ID card.
- Bank account statements of last 6 months.
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Personal loan policy
Self employed individuals, Proprietors, Private Ltd. Co. and Partnership Firms involved in the business of Manufacturing, Trading or Services.
The business should have a minimum turnover of minimum Rs. 20 lakhs and depend on loan amount
Individuals who have been in the current business for a minimum of 1 years, with 3-5 years total business experience.
Those whose business has been profit making for the previous 1-2 years
The business should have a Minimal Annual Income (ITR) of Rs. 1.5 lakhs per annum
The applicant should be at least 21 years at the time of applying for the loan, and should be no older than 65 years at the time of loan maturity