Personal Loan
Whether it’s Travel, Wedding, Home renovation, or a Medical emergency, get a loan instantly from ₹25,000 to ₹50 lakh
Attractive Interest Rate
Interest rate starting at 9.99%* p.a.
Instant disbursal*
Features
▼- Low processing charges
- Minimal documentation
- Zero hidden costs
- No security, no guarantor
- Digital Document Execution facility
- Term loan facility on daily reducing balance or Overdraft facility with reducing Drawing Power
- Provision for second loan
- Whether it’s Travel, Wedding, Home renovation, or a Medical emergency, get a loan instantly from ₹25,000 to ₹50 lakh
- Attractive Interest Rate
- Interest rate starting at 9.99%* p.a.
- Instant disbursal*
Eligibility
▼- Age: 21 to 60 years
- Employees of private limited companies
- Employees of public sector undertakings (central, state, and local bodies)
- Work Experience: Minimum of 2 years of total work experience, with at least 1 year in the current organisation.
- Income: Minimum monthly net income of ₹25,000.
Documents Required
▼- PAN Card
- Aadhaar Card
- Company ID Card
- 3 month salary slips
- Latest 6 month salary account bank statement
- Latest 1 year form 16 or itr copy
Fees & Charges
▼| Loan Processing Charges | Up to ₹ 6,500/- + GST |
|---|---|
| Stamp Duty | At actuals (Per applicable state laws) |
Charges Post Loan Disbursement
▼| Legal/Incidental Charges | At actuals |
|---|---|
| Amortisation Schedule Charges | ₹50 per schedule for physical copy. Customers can also download from the website free of cost. |
| Repayment Mode Change Charges | ₹500 |
| Payment Return Charges | ₹450 per instance |
| Loan Cancellation Charges & Rebooking Charges | Loan cancellation is allowed within the cooling-off/look-up period from the loan disbursement date. Interest charged from the date of disbursement until the date of loan cancellation will be borne by the customer. Processing fees, stamp duty, other statutory charges, and GST are non-refundable and will not be waived/refunded in case of loan cancellation. Rebooking Charges: ₹1,000 plus applicable government taxes |
| Interest on Unpaid Instalment | If the due date for the EMI is missed, interest will be charged on the unpaid EMI for the number of days it was delayed. The interest will be calculated based on the loan’s contracted rate and will be added to the next EMI. |
Premature Closure Charges
▼| Premature Closure Charges (For Full Payment) | Premature closure charges (applicable on principal outstanding) post cooling-off/look-up period: Up to 24 EMI repayment: 4% of principal outstanding. Post 24 EMI and up to 36 EMI repayment: 3% of principal outstanding. Post 36 EMI repayment: 2% of principal outstanding. |
|---|---|
| Premature Closure Charges (For Part Payment) | Partial premature closure charges (applicable on part payment amount): Partial premature payment is allowed post payment of first EMI. Post 01 EMI and up to 24 EMI repayment: 4% of part payment amount. Post 24 EMI and up to 36 EMI repayment: 3% of part payment amount. Post 36 EMI repayment: 2% of part payment amount. Partial premature payment is allowed, post servicing of 1st EMI, up to 25% of principal outstanding, only once in the financial year and twice during the loan tenure. |
