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A personal loan is an unsecured loan that does not require the applicant to pledge any assets as security. With a Personal Loan, there are no restrictions on how you can use your funds.
An applicant can apply for a personal loan with minimal documentation such as Identity proof, address proof, and proof of income.
Personal Loan has a repayment period of up to 7 years, with some banks/NBFCs offering longer periods.
With a mortgage or car loan, the funds can only be used to purchase a home or car. The funds obtained from a personal loan can be used for any purpose. The loan duration is from 12 to 60 months depending on your preference.
There are many instant loan disbursement systems where lenders will give you your money within hours. Your loan amount depends on many factors, including your ability to repay and your source of income.
The personal loan amount ranges from Rs 10,000 to hundreds of Rupees.
Read on to know the criteria required to apply for our Personal Loan In Pune.
To be eligible for a Shivay Financial Consultant’s personal loan, specific criteria must be met. Key aspects considered by lenders in determining your qualification for a personal loan include:
1. Age: 21-60 years
2. Income: Minimum Rs 15,000/month for salaried applicants
3. Credit score: 750 or above is preferred as the higher the credit score, the more likely you are to be approved for a loan at a lower interest rate
4. To qualify for a personal loan, you must: Must be between 21 and 60 years old. What is the minimum credit score to apply for a personal loan? A minimum credit score of 650 to avail a personal loan. Credit scores may vary from bank to bank.
5. The following people can apply for a personal loan:
Income Proof Documents
The following documents are required in order to apply for a personal loan from Shivay Financial Consultant:
Photo Identity Proof (Any one):
Address Proof (Any one):
Proof of Income:
For Salaried Professionals:
An EMI calculator is an essential tool for personal loan applicants, offering accurate monthly repayment estimates, clear visibility into total costs, and the ability to compare different loan options swiftly. Shivay Financial Consultant’s EMI calculator empowers borrowers to make informed decisions, plan their finances effectively, and choose terms that align with their budget and financial goals.
The fees and charges of Personal Loan In Pune usually vary from lender to lender and from case to case. The aforementioned table will give you a fair idea of the fees and charges related to Personal Loan In Pune:
| Particulars | Charges |
|---|---|
| ROI | Starting from 10.35% |
| Loan Cancellation | Rs. 3000 plus applicable taxes |
| Stamp Duty Charges | Payable as per the state law |
| Penal Charges | 2% on the delayed payment |
Other fees and charges that lenders may levy on your personal loan include documentation charges, verification charges, duplicate statement charges, NOC certificate charges and swap.
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+91 9650232300
011 35742201
Call @ 9:30am to 7.00pm
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