Here are different types of personal loans available in India:

• Travel Loan: These personal loan schemes are for people who love travelling. This loan is called by many names, including Travel Loan, vacation loan, and holiday loan. You can avail this loan to travel around the world, and pay the bills latrine affordable EMIs. You can also get travel insurance as an added benefit with this loan.
• Wedding Loan: Weddings in India come with a long list of expenses. It's once in a lifetime experience for everyone and to make it more memorable many people often need financial support. Therefore, many lenders have started providing Personal Loans for Weddings These loans are availed by the would-be brides and grooms or their family members to pay for the wedding related expenses like venue booking, catering, honeymoon vacation, etc.
• Festival Loan: These loans are offered for celebrating festivals, parties, and functions. Festival loans help you in preparing for the festivities and hosting parties.
• Consumer Durable Loan:As the name suggests, this personal loan variant is availed for the purchase of appliances or consumer durables.
• Pension Loan: Pension loans can be availed by retired personnel to fulfil their financial needs like paying medical bills, meeting daily expenses, etc. Under pension loans, banks provide a few times the amount of pension the pensioner has drawn in previous months before submitting the loan application.
• Home Renovation Loan: These loans are provided for the purpose of renovation, repair, purchase of new material, and other house-related expenses.
• Education Loan: You can use these loans for paying the tuition fees of your child, or any other big academic requirements like going abroad.
• Computers and Mobile Phones Loan: Many lenders nowadays are offering computer loans and mobile phone loans for the purchase of computers, laptops, and smartphones. Some lenders even offer insurance with the loan.

We have made the procedure of applying for a Personal loan very simple.

• You can contact us by mail or call
• Our Manager will take your profile details on call.
• We will send you our cheetlist for required documents.
• Our manager meets you to collect the documents and sign the application form.
• We will discuss your loan proposal and decide the lender bank as per your requirement.
• File will login to Bank
• Valuation unsecure legal done
• Bank officials will meet you or call
• Sanction of Loan
• Disbursment of Loan

• Click on the ‘Compare and Apply’ option
• Fill up a registration form with necessary details
• Get the latest personal loan offers and choose from them.
• Apply for the loan plan that you have chosen.
• Fill up a simple form online
• Provide necessary personal loan document.

Once the application form is received, you will be contacted by the Bank’s representatives.

• Credit score: This is the most crucial eligibility factor. A credit score of 700 or above is typically considered a good score for personal loans. The better your credit score, the higher are your chances to get a loan online.
• Income: People with higher income are more eligible for a higher loan amount than those who have low income.
• Employment: Employees of listed companies, Central and State Governments, and public sector undertakings are eligible for a higher amount.
• Work continuity: You should be a long-term employee of your current organisation. In case you are self-employed, the continuity of business and income is the most critical
• Age of the borrower: The minimum age requirement is 21 years. Banks have their criteria for deciding the maximum age limit. In most cases, your age at the end of the repayment period should not exceed 65 years.
• Loan amount: Applying for a loan amount that you can service comfortably makes you more eligible for a personal loan and improves your chances of approval.