Personal Loan

Personal Loan is an unsecured loan and is used for multiple needs includes Vacation travel, Medical treatment, wedding, home renovation child study any many more. We are empaneled with multiple banks and financial institutions which helps our customers to compare between the options and choose convenient and hassle free option for them. We understand the need and urgency of the personal loan so we promote most of the online options to make swift process.

We also do balance transfer as personal loan rates may vary between different banks. If you are paying high interest on your personal loan, you may switch the bank without closing the loan through the personal loan balance transfer option .Various Banks offer special rates on personal loan balance transfer. Get in touch with us for personal loan Query or personal Loan balance transfer Query.

DETAILS OF PERSONAL LOAN FOR SALARIED PERSON

INTEREST RATE - 10.49% to 20%. (Interest rate depends on the CIBIL Score of the applicant, applicant company category and Applicant financial stability in the past)

PROCECSSING FEES - 1% - 2% of processing fees are being charged on the personal loan amount. Flat rate processing fees are available with some banks on higher amount of loan processing

LOAN AMOUNT - The bank process the loan amount starting from 1 lack rupees to 40 lacks based on the eligibility of the applicant

PERSONAL LOAN TENURE FOR REPAYMENT - Majority of banks are providing Personal loan tenure up to 60 months (5 years) but few banks and financial institutions also provides the tenure up to 84 months (7 Years).

DOCUMENTATION  FOR SALARIED PROFESSIONAL

  • Pan card

  • Aadhaar Card

  • 3 Months’ Salary Slip

  • 3 months bank statement.

  • Passport size picture

  • Offer letter (if applicable)

TO CHECK YOUR ELIGIBILITY FOR THE PERSONAL LOAN, APPLICATION SHOULD BE QUALIFYING ON BELOW CRITERIA’S.

  • The age criteria are from the age of 23 and up to 58 years.

  • Minimum CIBIL Score of 680 and above to apply for personal loan.

  • The minimum in hand salary should be 25000 per month to apply for personal loan.

  • Mobile number should be linked with Aadhaar to process your application through E-KYC, if mobile number is not linked with Aadhaar then physical form has to be submitted along with the self-attested documents.

  • The Applicant should be getting the salary credit in Salary account with deduction of PF & PT.

  • The stability in the current company is from 3 months of 6 months as different bank looks for different stability in the current company.

  • The Applicant should not have done EMI or payment default in last 6 months for the smooth processing of personal loan.

To know more on the process and documentation, please contact us at support@loanscart.in or you can call or message us at 080 4116 2215 | +91 861 855 2691.

DETAILS OF PERSONAL LOAN FOR SELF EMPLOYED.

INTEREST RATE - 16% to 24%. (Interest rate depends on the CIBIL Score of the applicant, Applicant financial stability in the past, Type of Business, Form of Company i.e partnership/ Pvt. Ltd./ LLP ). If application is looking for loan at better interest rate and have property to pledge during that tenure then, applicant can apply for LOAN AGAINST PROPERTY. (Interest Rate for Own loan against property ranges between 11.8% – 12.8%)

PROCECSSING FEES - 1% - 2% of processing fees are being charged on the personal loan amount.

LOAN AMOUNT - The bank process the loan amount starting from 1 lack rupees to 40 lacks based on the eligibility of the applicant.

PERSONAL LOAN TENURE - Majority of banks are providing Personal loan tenure up to 48 months (4 years) but few banks and financial institutions also provides the tenure up to 72 months (6 Years).

DOCUMENTATION FOR SELF EMPLOYED

  • Pan card

  • Aadhaar Card

  • 3 months Bank Statement. ( Current or Saving wherever is the transaction with 3 transactions per month above 5000 )

  • Passport size photo

  • Electricity bill of own house / office.

  • Business Proof ( GST / MSME/ company formation details) Business proof waived if repayment from current account & business name confirmed through CPV or business details confirmed through GSTIN match.

  • 1 year vintage in same office space document.

TO CHECK YOUR ELIGIBILITY FOR THE PERSONAL LOAN, APPLICANT SHOULD BE QUALIFYING ON BELOW CRITERIA’S

  • The age criteria are from the age of 23 and up to 58 years.

  • Minimum CIBIL Score of 680 and above to apply for personal loan.

  • The applicant should have Own House property whether office or home in bank branch location. It can be in own name or in parents name to apply for personal loan.

  • The applicant should be in business for more than 3 years out of which 1 year should be in same office space.

  • Mobile number should be linked with Aadhaar to process your application through E-KYC, if mobile number is not linked with Aadhaar then physical form has to be submitted along with the self-attested documents.

  • The Applicant should not have done EMI or payment default in last 6 months for the smooth processing of personal loan.

To know more on the process and documentation, please contact us at support@loanscart.in or you can call or message us at 080 4116 2215 | +91 861 855 2691.

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