What is a Personal Loan?

A personal loan is a type of unsecured loan that individuals can use to cover a variety of personal expenses, such as medical bills, weddings, education, travel, or debt consolidation. It offers flexible terms and affordable interest rates.

Benefits of Personal Loans

• Quick approval and disbursal
• No collateral required
• Flexible repayment tenure
• Can be used for multiple purposes
• Improves credit score on timely repayment

Eligibility Criteria

• Age between 21 and 60 years
• Regular source of income (salaried or self-employed)
• Good credit score and repayment history
• Valid identity and address proof

Application Process

• Fill and submit the online application form
• Upload necessary documents (ID, address proof, income proof)
• Verification and approval by the lender
• Sign loan agreement and receive funds
• Repay monthly installments as per schedule