Personal Loan - Total Apply

Personal Loan

When an emergency arises then the best loan to be opted is personal loans as it immediately helps to meet your requirements.Personal loans are initially unsecured loans but are the most accessible ones when you need money immediately and in large amounts. Also, personal loans help you make your fantasies come true. If you are planning to go to vacations , renovations, higher education or your dream wedding personal loans are the best choice. It helps you to cover the expenses in emergency time.

These loans are basically the most appropriate loans. We provide personal loans, to help you in your emergency time or when you want to do something adventurous which requires lots of money like travelling to another country. Never compromise with your dreams.

We are the best money lenders as we give loans on good interest with full transparency.

Eligibility Criteria for Personal Loan

The eligibility criteria for personal loans at Total Apply include:

  • The applicant must be a resident citizen of India.
  • Should either be an employee of a private limited company or public sector undertaking, or be gainfully self-employed.
  • Must be between 21 and 60 years of age Further, the minimum income of the applicant should be:
  • For Salaried Professionals:
    • `25,000/Month: if residing in Mumbai or Delhi
    • `20,000/Month: if residing in the rest of India
  • For Self Employed: The minimum yearly profit after tax set based on profession/industry

Documents Required for Personal Loan

The documents required for availing a personal loan from Fast Souvidha include:

  1. Duly filled and signed application form
  2. Proof of identity
  3. Proof of address
  4. Proof of age
  5. Salary slips for the last three months (for salaried)
  6. Bank statement for the last six months
  7. Income tax returns or form 16
  8. Proof of Income / financial statements (for self-employed)
Why Process Your Personal Loan With Us ?
Get your funds when you need them.
A Personal Loan can be termed as finance conveniently available in times of need; Personal loans are advanced by Banks & financial institutions to salaried individuals solely on the basis of the borrower’s ability to pay back the Loan from his monthly income.
Personal Loan Customized as per your requirement.
Save precious time spent checking various offers, let our advisors understand your needs and give you the best solution. With the best rate of interest, minimal charges receive customised loan offers and ensure you get the Best Deal.
Get a Door step delivery of your Personal loan/ our aim is to make you refer us & remember us again.
We would like to change all preconceived notions about sales. Oh yes! We are completely transparent at all stages making you aware if there are in glitches updating all information and covering the gaps. Unlike other portals we will be always in touch till your requirement is fulfilled.

Personal Loan FAQs

1. Is it a good idea to get a personal loan?

Personal loans can be an ideal solution during financial crisis. Be it wedding expenses, home renovation or medical emergency, a personal loan can be your solution to meet the immediate financial requirements as they are easy-to-get, fast in disbursal and require no collateral.

2. What is the best personal loan?

The best personal loan differs from borrower to borrower’s credit profile. A credit profile includes the credit score, monthly income, employer, employment type and others. All the above factors are considered to find the best personal loan.

3. How can I get personal loan?

To get a personal loan, you need to meet the following eligibility requirements:

  • Between the age of 18/21 years – 60/65 years
  • Must be salaried or self-employed
  • Credit score of 750+ with a good credit history
  • Minimum monthly income of ₹15000 for non-metro cities and ₹20,000 for metro cities
  • Should be employed at the current organisation for at least 6/12 months or business tenure of at least 3 years (continuous)

4. What is the eligibility for personal loan?

The eligibility criteria for a personal loan are given below:

  • Between the age of 18/21 years – 60/65 years
  • Must be salaried or self-employed
  • Credit score of 750+ with a good credit history
  • Minimum monthly income of ₹15000 for non-metro cities and ₹20,000 for metro cities
  • Should be employed at the current organisation for at least 6/12 months or business tenure of at least 3 years (continuous)

5. Are personal loans good for your credit?

Personal loans play an important role in deciding your credit score. The effect of missing a personal loan EMI can be adverse on your credit score. One of the reasons for the same is because personal loans are unsecured in nature.

6. How long does it take to get approved for a personal loan?

Due to digitisation, personal loan approval has become instant. However, the disbursal could take a period of 5-7 days due to the documentation process.

7. What is the best personal loan to get?

There is no such things as best personal loan. Every borrower needs to find the lender that best suits his/her needs. In order to do that, you can either compare the different lenders offline or apply at platforms such as IndiaLends who help you select the lender as per your requirements.

8. Can you pay off a personal loan early?

Of course you can pay off a personal loan early. This is known as prepayment of a personal loan. However, this could attract a specific amount as penalty which would differ from lender-to-lender.

9. What is the average interest rate on a personal loan?

The interest rate on a personal loan ranges from 10.75% – 35% which differs from lender to lender.

10. What do banks look at when applying for a personal loan?

The banks consider the following factors when looking at a personal loan application:
1. Age
2. Monthly Income
3. Credit Score
4. Credit History
5. Documents

11. Who has the best personal loan rates?

The best personal loan interest rates depend on the credit profile of a customer. In order to get the best rates, a customer must have a good credit score, consistent source of income, should be salaried/self-employed.

12. Which bank gives lowest interest rate for personal loan?

Currently, YES Bank offers personal loans starting from 10.75%. However, the interest rates can be different for customers based on their credit profile.

13. What is the minimum salary for personal loan?

The minimum salary to get a personal loan is ₹15,000 fro non-metro cities and ₹20,000 for metro cities.

14. How can I get personal loan from Bajaj Finance?

To get a personal loan from Bajaj Finance, you can apply at their official website or apply at IndiaLends for easy approval and fast disbursal.

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