Personal Loan

A personal loan is an Unsecured Loan provided by banks, NBFCs, and financial institutions to individuals for various personal financial needs. Unlike home or car loans, a personal loan does not require collateral or security, making it a convenient financing option for urgent expenses.

Key Features of a Personal Loan

  • No Collateral Required: Borrow without pledging any assets.
  • Flexible Loan Amounts: Get loans ranging from ₹50,000 to ₹50 Lakhs.
  • Quick Disbursal: Funds credited to your account within 24-48 hours.
  • Fixed Interest Rates: Competitive rates starting from 10.99% p.a.
  • Flexible Tenure: Repayment periods between 12 to 60 months.
  • Multipurpose Usage: Use for medical expenses, travel, home renovation, education, or weddings.

How Does a Personal Loan Work?

  • Application: Apply online or visit a branch with minimal documents.
  • Approval Process: Lenders check credit score, income, and eligibility.
  • Loan Disbursal: Upon approval, funds are transferred directly to your bank account.
  • Repayment: Repay the loan in fixed EMIs over the chosen tenure.

Why Choose Our Personal Loan Services?

  • Instant Approval – Get quick loan approval with minimal paperwork.
  • Flexible Loan Amounts – Avail personal loans ranging from ₹50,000 to ₹50 Lakhs.
  • Competitive Interest Rates – Enjoy low-interest rates tailored to your financial profile.
  • No Collateral Required – Get an unsecured loan without pledging any assets.
  • Easy Repayment Options – Flexible tenure ranging from 12 months to 84 months.
  • Funds for Any Purpose – Use it for weddings, medical emergencies, education, or any personal need.

Eligibility Criteria for Personal Loan

  • Age Requirement – 21 to 60 years (Salaried & Self-Employed).
  • Income Proof – Minimum ₹15,000 monthly income.
  • Credit Score – A CIBIL score of 700+ enhances loan approval chances.
  • Employment Status – Salaried employees, self-employed professionals, and business owners can apply.

Documents Required for Personal Loan

  • Identity Proof – Aadhaar Card, PAN Card, Passport, Voter ID
  • Address Proof – Utility Bills, Aadhaar Card, Rental Agreement
  • Income Proof – Salary Slips (Last 3 Months) / ITR for Self-Employed
  • Bank Statements – Last 6 months’ bank statement

How to Apply for a Personal Loan?

  • Fill Out the Online Application – Provide your basic details and loan requirements.
  • Submit Documents – Upload KYC and income proof for verification.
  • Get Instant Approval – Loan approval in 24 to 48 hours.
  • Receive Funds – Disbursement directly into your bank account.

Why Honest Capital Advisory for Personal Loans?

  • Trusted Loan Advisors – We help you choose the best loan plan.
  • Fast Processing – No lengthy procedures, get quick access to funds
  • Multiple Lender Options – We partner with leading banks & NBFCs for the best rates.
  • Transparent Process – No hidden fees or charges.
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