A. The eligibility criteria depend on various parameters like your salary, company you are working for, your previous repayment history etc. You can borrow loan upto Rs. 40 lakhs. For example: if your salary is Rs. 1 lakh per month then you may get loan for Rs. 20 lakh for five years (interest will vary across banks)
A. The tenure ranges from 12 months to 60 months.
A. From the day of submitting your complete documents to our executive to loan disbursement by bank, it will take around 5 to 7 days.
A. Yes you can prepay your personal loan with charges applicable which varies across the banks but not before payment of 1st EMI. Some banks allow partial payments and some don’t.
A. The EMI will start from the second month of loan disbursal. For example, if your loan gets disbursed on 1st May, then your EMI will start from 1st week of July.
A. In case of loan amount below Rs. 1 lakh you will receive a cheque/DD and incase of loan amount above Rs. 1 lakh the amount will be directly transferred to your bank account.
A. Minimum age required is 21 and maximum age less than 60.