Avail Personal Loan Online Instantly

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How to avail Personal loan online instantly?
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Why to avail Personal loan online?

• Multipurpose Loan You can avail a personal loan
  for multiple purposes. The lender wont track the
  end-use of the sanctioned loan amount. 
• Pocket-Friendly Interest Rate The rate of
  interest on personal loan is very competitive. At
  the time of repayment, it will be easier for you
  to pay the installments. 
• Less Documentation You dont have to carry
  bag-full of documents at the time of applying for
  a personal loan online. 
• Instant Approval When you apply personal loan
  online, you get approval in lightning speed.
  Unlike other loans, a personal loan is disbursed
  in the borrowers bank account within a few
  days. 
• No Collateral Required As it is a type of
  unsecured loans, you wont have to provide a
  guarantor or deposit any security at the time of
  borrowing a personal loan.

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Benefits of taking Personal loan online

• Ease of access.
• Easy to keep track of loan application.
• Option to compare and choose.
• No need of physical documents.
• Fast approval and disbursal.

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Factors Affecting Your Personal Loan Interest Rate

• CIBIL score Usually, credit score of 650 or
  above gets a pass for personal loan. To avail
  low-interest rate on personal loan, keep your
  credit score above 750.
• Total loan amount.
• Status of the borrowers organization.
• Relationship with the Bank.
• Note Rate of Interest varies from one financial
  institution to another. The maximum personal loan
  one can avail depends on his/her salary package,
  job stability, credit score, etc. 

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Steps to follow when you apply for Personal loan
online

1. Know If Youre Eligibility The first step is to
   know if youre eligible. Due to lack of
   information about eligibility for personal loan
   in India, people often unsuccessfully apply for a
   personal loan online. Knowing the eligibility is
   important as the rejected loan application hurts
   your CIBIL score most.
2. Carefully Compare Interest Rates Choose the best
   personal loan for you by carefully comparing the
   interest rates of various banks and NBFCs.
3. Apply Online Once youre done with the first 2
   steps, apply for a personal loan online.

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Personal Loan Eligibility Criteria

• Applicant must have a constant source of income.
  One must be either salaried or self-employed
  professional.
• One must have a good credit score. 
• Age of the applicant should be in between 21 to
  65. For salaried professionals, the age criteria
  is 21-58.
• Applicant should have a stable employment
  history. One should be working in his/her current
  organization for at least 2 years.
• Applicant must have a minimum salary in the range
  of ? 15K - ? 20K.
•  
• Note Eligibility Criteria varies from one lender
  to another.

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Documents needed for Salaried Professionals

1. Filled Loan Application Form with passport-sized
   photos
2. Salary slips of last 3 months
3. ID Proof
4. Residence Proof
5. Last 6 months Bank Statement
6. Employment Proof
7. Signature Proof

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Documents needed for Self-Employed Professionals

1. Filled Loan Application Form with passport-sized
   photos
2. ID Proof
3. Office Residence Proof
4. Income Proof
5. Last 6 months Bank Statement
6. Signature Proof
7. ITR Return

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Thank You !!!