Personal Loan Offered by Top NBFCs

• Interest rates are usually offered @ 9.98% p.a. onwards
• Loan amount is mostly up to Rs 40 lakh
• Loan tenure generally ranges up to 5 years
• For personal purposes, other than speculation
• No collateral security is required for the loan application
• Pre-approved instant personal loans to select customers
• Processing fee is charged up to 4%

Also Check: What is the Eligibility Criteria for Pre Approved Personal Loan

• The applicant should be 21 years old at the time of loan application and 70 years old at the time of loan maturity
• Indian residents are eligible for personal loan from NBFCs
• Job Profile: Salaried individuals working with public and private sector companies, and employees of State/Central/Local government, self-employed professionals and self-employed non-professionals,
• Credit Score: 750 and above can increase the chances of availing personal loan and at lower interest rates. However, some NBFCs offer personal loan to applicants at credit score below 750, at usually higher interest rates.
• Minimum monthly income: usually Rs 15,000 (some lenders might ask for higher monthly income)

• Duly filled application form with photographs attached
• Identity Proof- PAN Card/ Voter ID/ Driving License/Aadhaar Card/ Passport
• Age Proof- Aadhar Card/Birth Certificate/SSC Certificate/Voter ID/PAN Card
• Address Proof- Aadhar Card/copy of ration card /Voter ID/Driving License/ Passport/electricity bills/gas connection bills
• Bank account statement for past 6 months
• Salary slips for last 3 months
• Form 16/ITR for last 3 years