Contact for Advise : 8109250430
Darsh Advisory Services

Personal Loan

5 times a personal loan can help you out in emergencies | IIFL

Bank of Maharashtra Personal Loan at 9.99% Interest Rate | Calculate  Eligibility, EMI & Apply Online

Personal Loan is a short to medium term unsecured loan, which does not require any collateral/security for disbursal. They are generally disbursed in a few hours to a few days with minimal or no paper work at all. A key feature of personal loan is its flexible end-use. Thus, this unsecured loan can be used to meet a variety of needs ranging from emergency medical expenses to planned expenditures such as home renovation, wedding, etc.

Personal Loan start with 9.60% (Reducing) Rate of Interest and its depend according to customer CIBIL, and Monthly Income basis.

Eligibility Criteria for Personal Loans

A personal loan as the name suggests is provided to individuals and not businesses. Most banks and NBFCs (Non-Banking Financial Companies) offer personal loans to both salaried and self-employed individuals/professionals. The eligibility criteria for a personal loan vary slightly depending on the type of applicant. Following are some of the key personal loan eligibility factors that need to be kept in mind*:





21 - 60 years

21 - 68 years

Minimum Income

Rs. 15,000 per month

Rs. 5 lakh per year (gross)

Employment stability

Total experience- Minimum 2 years

Experience in the current organization- Minimum 1 year

Minimum 2 years in current business

*The personal loan eligibility criteria mentioned above are generic in nature and actual eligibility factors will differ from one lender to another.


Chat via Whatsapp