Personal Loan

Personal Loan is an unsecured loan for salaried and self-employed wherein no security is required against the loan. Unsecured Personal Loan can be taken to finance any short-term requirement like overseas trips, marriage, medical emergencies, etc. The only condition is that the Personal Loan should not be used for speculative purposes.

Personal Loan is a simple and quick process of funding your financial requirement with minimum documentation and a hassle free product in banking to get funds. In India, Banks as well as Non-Banking Financial Corporation (NBFC) finance Personal Loan.

Personal Loans has the following features:
  • They are provided without any specific purpose.
  • They are given without a collateral or guarantor.
  • They come at an attractive rate of interest.
  • They are relatively short term loans vis a vis other loans(i.e 3 to 5 years)
  • Personal Loan can get disbursed as fast as 24 hrs if the documents are in order.
Personal loans are currently offered from Rs 50,000 to Rs 50 Lakhs and are typically repaid in tenures ranging from 1 to 5 years.Higher Loan Amount + Least Loan Tenure = Low Interest Amount


  1. Photograph
  2. Identity proof
  3. Address proof
  4. Income proof
  5. Bank Statements
  6. Continuity Proof
  7. Qualification proof( applicable only for Self Employed Professionals)
  • Copy of PAN Card
  • Copy of Passport
  • Copy of Driving Licence
  • Copy of Government ID card
  • Copy of Voter ID card
  • Copy of Company ID Card (for select Corporates)
  • Copy of Passport (Can also be used as proof of identity)
  • Copy of Telephone Bill (both landline and post paid mobile connection)
  • Copy of Driving licence
  • Copy of Voter ID card
  • Copy of Ration card
  • Copy of Electricity bill
  • Copy of bank statement ( computerised statements only)
  • Copy of Life Insurance premium receipt
  • Copy of any title deed( Sale deed/ Index II)
  • Copy of Property tax receipt
  • Copy of Leave & License Agreement
  • Copy of latest credit card statement
  • Copy of PAN card
  • Copy of Passport
  • Copy of Birth Certificate issued by competent authority
  • Copy of PAN Card
  • Copy of Passport
  • Copy of Driving License
  • Signature verification from Bank
  • Copy of latest three salary slips
  • Copy of appointment letter or Form No. 16 indicating proof of continuity in employment
  • Bank statements for the last 3 months

For Self-employed Individuals :

  • Copy of last two year IT returns along with computation of income, Balance sheet and Profit & Loss a/c , audited reports ( in case of audited financials)
  • CA certified financials ( in case of unaudited financials)
  • Bank statements of last six months of the main business banking