What is Personal Loan
A personal loan is an amount of money you borrow to convert your dreams into reality. Personal loans are generally used for a long-awaited holiday, home improvements, medical expenses, weddings, or emergency expenses.
A Personal loan is a type of unsecured loan and comes with competitive interest rates starting from 10.15% p.a. You can borrow funds without having to pledge any form of security and loan amount will depend on your income. Personal loans are generally used for a long-awaited holiday, home improvements, medical expenses, weddings, or emergency expenses. These online loans are provided based on eligibility criteria such as employment status, credit history, income level, repayment history and capacity.
Apply now and get the funds online instantly, of up to Rs. 40 lakh with minimal documentation and simple eligibility criteria.
Personal Loan Eligibility Criteria
Anyone can apply for a Personal Loan, you need to meet the below criteria:
- Nationality: Resident Indian
- Age: 21 to 65 years
- Income: A stable and regular income source
- Employement: Salaried employees, self-employed individuals, and business owners are eligible
- Credit Score: A CIBIL score of 750 or above improves your chances of approval
Benefits for Personal Loan
- Quick Approval
- Upto ₹40 Lakhs
- Collateral Free
- No hidden charges
- Maximum loan tenures
- 100% Satisfaction
- Low interest rates
- Fast, Online and Paperless Process
- Maximum Finance
- Loan Transfer Facilities
- Nil foreclosure charges after payment of 12 EMIs
How to Apply for a Personal Loan Online in Mudushedde
- Visit Web Online CA Website and Select Personal Loan Service
- Fill a Simple Online Personal Loan Application form
- Fill your basic details, occupation type and annual income
- Submit the required documents
- Once done, you will receive a call from our team and guide you on the next steps
- The loan amount will be transferred to your bank account on the successful verification of your documents
Documents Required For Personal Loan
KYC Documents:
- - Passport
- - PAN card
- - Aadhaar card
- - Driving License
- - Election / Voters identification card, NREGA Job card signed by the officer of the State Government
Income Proof documents:
- Salary slips
- Latest Form-16 and IT returns
- Bank statement
Note:The banks have the right to ask for any document for the loan sanctioning and verification process.
Personal Loan Interest Rates Fees & Charges
| Interest Rate | 10.15% p.a. onwards |
| Loan Amount | Up to Rs.20 lakh |
| Loan Tenure | Up to 60 months |
| Processing Fee | 0% to 6% of the loan amount + GST |
Calculate your Personal Loan EMI
Personal Loan EMI Calculator: Benefits & Features
User-friendly: A quick, easy and simple tool to determine your Personal Loan EMI based on the loan amount, interest rate, and tenure.
Accurate Results: It gives exact results for your monthly installment amount, which helps in better financial planning.
Customisable: Change the loan parameters (amount, duration and interest rate) and observe the impact on your EMI amount.
Time-saving: The Personal Loan EMI calculator online is available 24/7, getting immediate results without having to visit a bank branch.
Interest rate comparisons: The calculator helps you to compare different loan offers.
FAQ's About Personal Loan
What is a Personal Loan?
A personal loan is an unsecured loan and type of credit facility which is offered by banks with minimal documentation and no collateral. These online loans are provided based on eligibility criteria such as employment status, credit history, income level, repayment history and capacity. Personal loan used for a variety of purposes such as medical emergency, a home renovation, wedding and managing your expenses.
How does a Personal Loan work?
Personal loans given by banks or lenders for personal use with minimal documentation and an easy loan application process. You repay with interest over a set period through EMIs.
What is the maximum Personal loan amount that I can obtain?
The maximum loan amount based on individual eligibility, income, credit score, and lender policies.
How can I calculate my EMI?
You can use a Loan EMI calculator to compute the monthly installment that suits your budget. You only need to enter the amount you want to borrow, the interest rate, and the tenure to get an estimate of the monthly installment EMI.
Can I make my overdue payment online?
Yes, you can make overdue payments online with Internet Banking, any UPI App or Mobile Banking.
Can I qualify for a personal loan without security?
Yes, Personal loan is an unsecured loan. It is provided without security with higher interest rates. You do not need to pledge collateral such as property or gold to get a personal loan.
What are the eligibility criteria and documents required for a personal loan when I apply online?
You need to submit any documents Passport, Driving license, PAN Card, Aadhaar Card, Voters Id with Bank Statements and last 3 month Salary Slips.
What is the CIBIL Score required to get a loan?
The Ideal CIBIL Score of 750 and above is required to get instant paperless approval for the best personal loan, it may differ from lender to lender.