Personal Loan

Eligibility varies depending on the loan type, but generally includes:
- Age: Usually 18 years or above.
- Income: Stable income with proof of employment or business ownership.
- Credit Score: A good credit score (CIBIL score ideally above 750) improves chances of approval.
- Citizenship: Must be an Indian citizen or resident.
- Additional requirements: Specific documents or guarantors might be needed for certain loans.

Interest rates vary based on several factors like loan type, creditworthiness, and bank or lender. Common charges include:
- Interest Rate: This is the annual percentage rate charged on the loan amount.
- Processing Fee: Charged for processing the loan application.
- Prepayment Penalty: Fee charged if you pay off the loan early.
- Late Payment Fee: Penalty for delayed payments.
- Stamp Duty: Government tax levied on loan documents.

Required documents vary by loan type but typically include:
- Photo ID and address proof: Aadhaar card, PAN card, passport, etc.
- Income proof: Salary slips, bank statements, income tax returns, etc.
- Employment proof: For salaried individuals, salary slips and appointment letters. For self-employed individuals, business registration documents and income tax returns.
- Collateral documents: For secured loans, documents related to the collateral (property papers for home loans, car registration for car loans, etc.).

The general steps involved are:
- Choose the loan type and lender: Compare different options and select the one best suited to your needs.
- Check eligibility criteria: Ensure you meet the requirements for the chosen loan.
- Collect required documents: Gather all the necessary documents as per the lender's list.
- Submit the application through our portal: Apply through the lender's website by clicking on "APPLY NOW" mentioned in front of your desired insurance provider listed on our website.
- Document verification and credit score check: The lender will verify your documents and credit score.
- Loan approval and disbursal: Upon approval, the loan amount will be credited to your account.

While a good credit score increases your chances, some lenders offer loans to individuals with lower credit scores at higher interest rates or with stricter eligibility criteria. Explore secured loans like gold loans or consider building your credit score before applying.

Remember, it's crucial to choose a reputable lender, understand all terms and charges, and borrow responsibly based on your repayment capacity.