Eligibility criteria for a personal loan
The eligibility criteria for a personal loan is based on multiple factors and it is mainly based on income and credit score apart from that it is also based on the documents, nationality, and age of the borrowers. So the factors affecting the eligibility criteria are
Age | Income | Credit Score | Documents | Types of Employment |
---|---|---|---|---|
Between 21 to 65 years | Per month income at least 40,000 | Above 700 | Aadhar card, PAN, salary slip, bank statement, utility bills, rent agreement, all | Employees associated with private limited companies, government organizations, or other registered companies. |
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Rates & Charges
Monthly Payment Example
Tenure | Loan Amount | Interest Rate | Admin Fees | APR | Amount Deposited | EMI | Total Interest |
---|---|---|---|---|---|---|---|
12 Months | Rs.1,00,000 | 31.2% PA | Rs.2000 | 33.88% | Rs. 98000 | Rs. 9897 | Rs.18762 |