A personal loan can be used for a variety of personal expenses, like paying off unexpected expenses, home renovation, debt consolidation, pursuing higher education, etc.
Some common documents that are required to apply for a personal loan are:
Please note that the lender may ask for additional documents based on your profile and their policy guidelines.
Following are the eligibility criteria to apply for a personal loan:
Salaried employees
1. Min. age: 21 years, 2. Min. monthly income: Rs.15,000/-, 3. Job stability of at least 1 year
Self-employed Professionals
1. Min. age: 21 years 2. 1 year ITR 3. Business stability of at least 1 year
Personal loans are an unsecured type of credit that is approved based on your creditworthiness, income stability, age, and other eligibility criteria, which means you do not need a guarantor or collateral.
Yes. With the Rupey Fincorp subscription plan, you can apply for and process your personal loan with our NBFC partners from the comfort of your own home.
Typically, a credit score of 650 or above is considered good when applying for a personal loan.
Sure. A self-employed professional can apply for a personal loan.