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How it Work?

The best money lending experience starts here. Follow these easy steps and get your loan in no time

Step 01

Verify your phone number

Step 02

Provide details about yourself

Step 03

Share necessary documents with our agent

Step 04

Get your loan once our lending partners approve your application

Key Highlights

  • Collateral free loan which can be used for your personal need
  • Get loan offer of up to Rs. 40 lacs
  • Get loans at lowest possible interest rate
  • Lowest possible loan processing fee
  • Repayment period of up to 6 years
  • Loan disbursal in less than 4 working days
  • Online application processing from the comfort of your home
  • Minimal documentation
Women

25k

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Personal Loan Eligibility

You are eligible to apply for a loan if you meet the following criteria

Salaried Person

  • Employed with private limited companies or public sector undertakings, including central, state and local bodies
  • Aged between 21 years & 60 years
  • Minimum Salary of 15,000 per month
  • At least 2 years of work experience
  • Minimum of 1 year with the current employer
  • Applicant should have good credit history

Self Employed or Professional

  • Aged between 21 years & 60 years
  • Minimum annual net income post tax should be between Rs. 3 & 5 lakh
  • Should have 2-4 years of work experience
  • Applicant should have good credit history
Women

Documents Required

  • Identify Proof (Passport, PAN Card, Voters ID, Driving License, Aadhaar Card)
  • Address Proof (Passport, Utility Bill, Leave & License Agreement, Property Purchase Agreement, Driving License, Aadhaar Card)
  • Bank Statement/Balance Sheet/P&L Statement
  • Latest Salary Slip/Form 16
  • IRT or Balance Sheet

Articles

Personal Loans

How to Rebuild Your Credit with a Personal Loan

If you have a low credit score, it can be difficult to get approved for loans or credit cards, and you may be faced with high interest rates and fees. However, personal loans can be a helpful tool for rebuilding your credit. Here are some tips for using personal loans to improve your credit score.

Get a Copy of Your Credit Report

Before you apply for a personal loan, it's important to get a copy of your credit report. This will give you an idea of where your credit stands and what you need to work on to improve it. You can get a free credit report once a year from each of the three major credit bureaus (Equifax, Experian, and TransUnion) at AnnualCreditReport.com.

Choose a Lender That Reports to Credit Bureaus

Not all lenders report to credit bureaus, so it's important to choose a lender that does. This will ensure that your positive payment history is reflected on your credit report and helps improve your score over time.

Use a Small Loan to Start

Start with a small personal loan to get your foot in the door and show that you can make regular payments on time. This will help build your credit and improve your chances of getting approved for larger loans in the future.

Make Payments on Time

Making payments on time is one of the most important factors in building your credit. Late payments can have a negative impact on your credit score, so it's important to make sure you can afford your monthly payments before taking out a loan.

Keep Your Balances Low

Having high balances on your credit cards can hurt your credit score, so it's important to keep your balances low. Consider using a personal loan to pay off high-interest credit card debt and reduce your overall debt.

Monitor Your Progress

Monitor your credit score regularly to see how your efforts are paying off. You can get a free credit score from websites like Credit Karma or Credit Sesame, and you can also track your progress by checking your credit report regularly.

The Bottom Line

Rebuilding your credit can be a slow process, but personal loans can be a valuable tool in your efforts. By choosing a lender that reports to credit bureaus, starting with a small loan, making payments on time, keeping your balances low, and monitoring your progress, you can improve your credit score over time and achieve your financial goals. With discipline and patience, you can get back on track and secure a brighter financial future.
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Mar 3 2023
Personal Loans

What is a Personal Loan and How Does it Work?

A personal loan is a type of unsecured loan that is designed to help individuals cover a range of expenses, from debt consolidation to home improvements, emergencies, and more. Unlike a secured loan, a personal loan does not require collateral, which means you do not have to put up any assets as security for the loan.

So how does a personal loan work? Here is a step-by-step guide:

  1. Determine your needs: The first step is to determine how much money you need and for what purpose. This will help you determine the loan amount you need and the best loan product for your needs.
  2. Shop around: Research different personal loan providers, compare interest rates and fees, and look for any potential red flags. Choose the lender that offers the best loan terms and interest rate for you.
  3. Apply for the loan: Once you have chosen a lender, you can apply for the loan online or in-person. The lender will require some personal and financial information, such as your income, employment history, and credit score, in order to determine your eligibility and the loan amount you can receive.
  4. Receive the funds: Once your loan is approved, you will receive the funds directly in your bank account. This can take anywhere from a few hours to a few business days, depending on the lender.
  5. Repay the loan: You will need to repay the loan over time, including the principal amount and interest. Personal loan repayments are usually made on a monthly basis, and the repayment period can range from 12 to 60 months.
It is important to remember that taking out a personal loan is a big financial commitment, so it is essential to carefully consider your ability to repay the loan before applying. You should also be aware of the potential impact on your credit score, as missed repayments can have a negative impact. In conclusion, a personal loan can be a helpful financial tool for those in need of extra funds for a variety of reasons. Just make sure to do your research, understand the loan terms and interest rate, and only borrow what you can afford to repay.
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Mar 1 2023
Personal Loans

Understanding Personal Loan Rates and Fees

When you're considering a personal loan, it's important to understand the interest rate and fees associated with the loan. The interest rate is the amount you'll pay to borrow the money, while the fees are any additional costs associated with the loan.

Here's what you need to know about personal loan rates and fees:

  1. Interest rate: Personal loan interest rates can vary widely depending on the lender and your credit score. On average, personal loan interest rates range from 6% to 36%. The interest rate will determine how much you'll pay in interest over the life of the loan, so it's important to choose a lender with a competitive interest rate.
  2. Fees: Personal loan fees can include an origination fee, a prepayment penalty fee, and a late payment fee. The origination fee is a one-time fee charged by the lender to process your loan application. The prepayment penalty fee is charged if you pay off your loan early, while the late payment fee is charged if you miss a payment.
  3. Fixed vs. variable interest rate: Personal loans can have either a fixed or variable interest rate. A fixed interest rate means that the interest rate will remain the same for the life of the loan. A variable interest rate, on the other hand, means that the interest rate can change over time, depending on the lender's discretion or market conditions.
It's important to carefully read and understand the loan agreement before signing, to ensure that you're aware of all the terms and conditions associated with the loan. Additionally, don't hesitate to ask the lender any questions you may have about the interest rate and fees. Understanding the costs of the loan will help you make an informed decision and avoid any potential surprises down the road.
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Mar 1 2023