Presonal Loan

personal loan is a short term unsecured loan to meet current financial needs related to vacations, unexpected medical expenses, festival celebrations, renovation or any other financial matters.

1. Types of clients :
A) Salaried Individual
B) Self Employed (Professional)

2. Criteria :
A) If Salaried Individual :

Minimum Net Monthly Salary -

Subject to bank approval deviations can be taken

Metro cities : Rs.21,000 and Non-metro cities : Rs.15,000
Company type should be either Private Limited or Public Limited
Rate of Interest varies as per bank norms
Minimum CIBIL Score Required : 700
No EMI Bounces within 6 months
Repayment period: 12 months to 60 months
Loan Amount: 50,000 to 25,00,000
Age Limit - 21 years to 60 years

B) If Self Employed (Professional) :

Minimum net profit per annum -
Metro cities : Rs.2,50,000
Non-Metro cities : Rs.1,50,000
Profession Type: Doctor, Engineers, CA’s Etc.
Rate of Interest varies as per bank norms
Minimum CIBIL Score Required : 700
No EMI Bounces within 6 months
Repayment period: 12 months to 60< months
Loan Amount: 50,000 to 12,00,000
Age Limit - 21 years to 60 years