However, a personal loan can be taken to offset any immediate requirements. However, there are certain criteria that are common for all financial institutions.
The eligibility criteria to get an online personal loan approval for salaried and self-employed individuals are:. The common documents required for an online personal loan approval are given below:.
Here is a comparison table of the popular personal loans online along with their processing fees, preclosure charges and interest rate:. With a representative When you plan to apply for a personal loan, EMI plays the most important factor. Whether or not the EMI will fit in your monthly budget can help in deciding your personal loan.
This is where a personal loan EMI calculator can help you. A loan calculator helps you get the following results:. Why should you apply for a personal loan at IndiaLends?
IndiaLends is a one-stop solution for all your financial needs. In here, we try to provide you with the best services that are hassle-free and quick in nature.
For personal loans, we provide you with a comparative analysis of what different banks are offering and assist you in your final decision. You can contact us at anytime of the day and we will try our best to get back to you as soon as possible. Moreover, the process for personal loan approval is fast and quick in nature. You can simply write to us at support indialends. Your needs are our priority. We promise to deliver you with services that are best on our capabilities. By handpicking the personal loan offers based on customer profile, we try to give you the most personalised experience.
The services for all our customers are free of cost. With more than 40 lenders as partners, you can compare the different offers of financial institutions to make the right call. In fact, we help you find the best lender as per your eligibility requirements. Our customer support team is fast and efficient to clear all your doubts regarding personal loan eligibility, procedures, offers, documentation and repayment options.
We even contact with the respective lender on behalf of you. In the first step, the customer needs to fill in the eligibility form which includes filling the following details:. You will be given a list of lenders based on the information provided by you in Step The offer could be one or more than one based on your profile. Out of the list, select the lender you wish to go ahead with. Please remember to consider the following points when choosing the lender:.
This step is an extended version of Step-1 where you have to give more details on your application. This is where you give a detailed information about your personal details and bank details. Once you submit your application, our representative will contact you to cross verify the details before sending the application to the respective lender. Do not furnish the bank with incorrect information while applying for an unsecured loan as this will just cause unwanted delays in securing the loan.
Do not borrow more than you can repay as there is a high chance that you will fall into the vicious cycle of a debt trap. To apply for an unsecured loan from Standard Chartered you need to provide the bank with your ID in order to process the loan.
The following government issued IDs can be used to in order to secure the loan:. It is mandatory to provide proof of address issued by the govt. The following are the list of documents that can be provided as proof:. The prime difference between secured loans and unsecured loans is that secured loans require the use of collateral in issuing loans whilst the latter does not, making it a faster and more seamless process.
Unsecured loans are issued in a matter of a few days and merited based on the creditworthiness of the applicant and their income level amongst other factors. Another principal difference between the two types of loans is that unsecured loans usually have a specified upper limit prescribed by the bank which is much lower than that of secured loans. Yes, it is safe and in fact beneficial to apply for unsecured loans from Standard Chartered for multiple reasons. SC offers attractive and low interest rates as well as flexibility while repaying the loan, making it an enticing option for many.
You can also take up secured loans ranging from INR 1,00, to INR 15,00, in order to help you with your initial expenses while setting up a business. It is essential to have a satisfactory credit score requirement in order to get an unsecured loan from Standard Chartered. These types of loans are given out, based primarily on the creditworthiness of the applicant, depending on which the bank determines whether the individual will be able to pay off the loan in a given period of time.
You need not provide any collateral or security. The benefits are applicable for select customers upon completion of online verification and acceptance of the final offer. For assistance, request a callback. Types of Personal loan. Wedding Loan. Know More Apply Now. Holiday Loan. Home Renovation. Top Up Loan. Fresher Funding. For salaried employees You must be at least 23 years to be eligible for a Personal Loan and the maximum age limit is 58 years.
You must have a minimum monthly income of INR 30, With a personal loan, you can : Arrange for holidaying overseas Buy a large appliance like refrigerator, television or laptop Plan your marriage function as per your expectations Spruce up your home interiors through home renovation. Please click any of the links below for more details. These compelling reasons are why your search for personal loan ends with ICICI Bank: Get flexible tenure up to 60 months Avail of a fixed rate of interest.
Interest will be charged on monthly reducing basis No need to put up any collateral against the loan Set up ECS, PDC or auto-debit for automatic repayment of EMI every month Minimal documentation and hassle-free application makes loan approval and disbursement a breeze Choose your tenure from 12 to 60 months.
There is no need of security or collaterals required for a perosnal loan. With a personal loan, you can Arrange for holidaying overseas Buy a large appliance like refrigerator, television or laptop Plan your marriage function as per your expectations Spruce up your home interiors through home renovation. These compelling reasons are why your search for personal loan ends with ICICI Bank: Use the loan amount for any purpose as per your need Get flexible tenure up to 60 months Avail of a fixed rate of interest.
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