Title: How to get easy personal loan approval
1How to get easy personal loan approval
2Why Personal Loans?
Personal loans are a great financing option when
you need funds for personal use and you face a
financial shortfall. Personal loans can be
availed in the shortest possible time making them
the go-to solution for instant fund requirements.
3Here are some tips for easy approval of your loan
application
41. Eligibility Criteria
- Lenders have prescribed eligibility criteria for
borrowers of personal loans. Some Common
Eligibility Requirements - - Age21 to 65 Years
- Net Monthly Income At least Rs.15, 000
- Work ExperienceMinimum work experience 3 years
with a stable employment
52. Good Credit Score
- Lenders depend on your credit score to gauge your
repayment capacity and creditworthiness. - Credit Score650 and above
63. Income
- Lenders have prescribed eligibility criteria for
borrowers of personal loans. Some Common
Eligibility Requirements - - High Income, Easy ApprovalYour net monthly
income also determines the approval of your loan
application. If your income is higher, the
application would be easily approved.
74. Documents
- Documents usually include the following
- Identity proofPAN Card, Aadhaar Card, Voters ID
card, driving license, passport etc. - Address proofVoters ID card, utility bills,
rent agreement, passport, etc. - Age ProofMinimum work experience 3 years with a
stable employment - Income ProofForm 16 and salary slips from your
employer, etc
8Just Follow Them!
If you follow the above-listed tips, you can get
easy approval on your personal loan application.
So, remember these tips before applying for a
personal loan to get the loan instantly without
hassles. Apply Personal Loan Easily at -
https//www.myloancare.in/personal-loan/