• 9863020202    
  • contact@financeseva.in
Personal Loan Starting @ 10.75 Onwards
Personal Loans are an approach to address money related issues during a crisis. It's a kind of unsecured loan and can be utilized for marriage costs, taking care of the hospitality bills, either going for your dream get-away or redesigning your home.
Enquiry Form
Personal Loan
Bank Name Interest Rate Range (%) Processing Fee (%) Maximum Loan (Lacs) Maximum Tenure (Month) Forclosure Charge
16.85%
1%
15
240
4%
12%
1.5% - 2%
15
360
4%
10.50%
Up to 2%
15
240
4%
10.35%
Up to 2%
15
240
4%
10.85%
1%
15
240
4%
12.40%
1%
15
240
4%
17%
2%
15
240
4%
12.99%
12.99%
15
240
4%
11.25%
0.75%
15
240
4%
14%
Up to 2%
15
240
4%
11.49%
Up to 5%
15
240
4%
11.00%
Nil
15
360
4%
12%
Up to 1%
15
360
4%
10.75%
Up to 2.5%
15
360
4%
8.80%
Up to 1.80%
15
240
4%
14%
Up to 4%
15
240
4%
9.85%
0% to 1.50%
15
240
4%
10.99%
Nil
15
240
4%
10.99%
Up to 2.50%
15
360
4%
Bank Name Key Features
Interest rate

16.85%

Max loan amount

15

Interest rate

12%

Max loan amount

15

Interest rate

10.50%

Max loan amount

15

Interest rate

10.35%

Max loan amount

15

Interest rate

10.85%

Max loan amount

15

Interest rate

12.40%

Max loan amount

15

Interest rate

17%

Max loan amount

15

Interest rate

12.99%

Max loan amount

15

Interest rate

11.25%

Max loan amount

15

Interest rate

14%

Max loan amount

15

Interest rate

11.49%

Max loan amount

15

Interest rate

11.00%

Max loan amount

15

Interest rate

12%

Max loan amount

15

Interest rate

10.75%

Max loan amount

15

Interest rate

8.80%

Max loan amount

15

Interest rate

14%

Max loan amount

15

Interest rate

9.85%

Max loan amount

15

Interest rate

10.99%

Max loan amount

15

Interest rate

10.99%

Max loan amount

15

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Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. Photographs 2
  2. PAN Card Copy
  3. AADHAR CARD + PASSPORT
  4. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  5. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  6. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  7. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
  8. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  9. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  10. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PHOTOGRAPH BOTH
  2. PAN CARD CLEAR COPY PROPRIETOR.
  3. ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
  4. OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
  5. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  6. LAST 1 YEAR GST RETURN COPY
  7. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  8. PROVISIONAL FINANCIAL AY 2019-20
  9. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
  10. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  11. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  12. AGREEMENT TO SELL COPY
  13. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  1. PHOTOGRAPH PARTNERS
  2. PAN CARD - COMPANY, ALL PARTNERS
  3. ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
  4. FIRM ADD PROOF- LATEST ANY UTILITY BILL.
  5. PARTNERSHIP DEED COPY
  6. GST CERTIFICATE
  7. GST Return last 1 years
  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
  9. PROVISIONAL FINANCIAL AY 2019-20
  10. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  11. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
  14. Agreement To Sell copy
  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  1. ALL DIRECTORS PHOTOGRAPH
  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
  3. ADDRESS PROOF – COMPANY AND DIRECTORS.
  4. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM
  6. ORDER IN HAND AND COMPLETE COPY (if applicable)
  7. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
  8. 1 YEAR GST RETURNS
  9. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
  10. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
  11. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  12. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
  13. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
  14. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  15. AGREEMENT TO SELL COPY
  16. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
Frequently Asked Questions

What is Personal Loan?

Personal loan is an unsecured loan provided by a bank or non-banking financial company (NBFC) to an individual on the basis of key criteria such as income level, credit history, repayment capacity, employment history and other relevant factors that tend to vary from lender to another. Also known as a signature loan, a personal loan is extended to salaried and self-employed individuals alike on the basis of a judgment call made by the loan sanctioning officer on the basis of documentation submitted by the applicant.

What can I use a personal loan for?

A personal loan can be used for almost any type of expense ranging from big ticket appliance purchases and home renovations to luxury vacations and debt consolidation. Some other cases where personal loans may be useful include payment to unexpected medical bills.

Is there a minimum personal loan amount that I need to borrow?

Yes. Though the exact amount of the minimum personal loan amount varies from one lending institution to another, most lenders have set their minimum personal loan principal amount at Rs. 30,000

How is the maximum loan amount decided?

When calculating the maximum personal loan amount in case of salaried people, the bank/financial institution takes care that the EMI does not exceed 30% to40% of the applicant’s take home salary. Any existing loans that are being serviced by the applicant are also considered when calculating the personal loan amount. And, for the self employed, the loan value is determined on the basis of the profit earned as per the most recent acknowledged Profit/Loss statement. 

What is the tenure of a personal loan?

Personal loans feature tenure of 1 year to 5 years or 12 to 60 months. In rare cases, shorter or longer personal loan tenures may be allowed by the borrower on a case by case basis.

Can I apply for a personal loan jointly with my spouse?

Yes, personal loan can be applied either by yourself (singly) or together with a co-applicant (jointly).The co-applicant needs to be a family member like your spouse or parents.  By getting a co-borrower, your loan application will be processed in a higher income bracket, enabling you to avail a larger loan amount. 

What are the key documents required when applying for a personal loan?

Though the documentation requirements of personal loans vary from one financial institution to another, some of the key documents that you would need to provide with your personal loan application include:

  • Income proof (Salary Slip for salaried/recent acknowledged ITR for self-employed)
  • Address Proof Documents
  • Identity Proof Documents and others
  • Certified copies of degree/license (in case of self-employed professional
How to decide which bank/financial institution to take the loan from?

It is always a good idea to compare the offers of individual banks before you decide to settle on a specific provider. Use online tools like the loan eligibility calculator and personal loan EMI calculator to find the loan option that suits you the best. Some of the key factors to consider when deciding on a loan provider include interest rates, loan tenure, processing fee, etc. </

Should I always choose the lowest possible EMI when choosing my loan provider?

Low EMI offers can typically result from a low interest rate, a long repayment term or a combination of the two factors. Thus in some cases, you might end up paying a lot more to your lender as interest if you choose the lower EMI option. Instead use online tools like the personal loan  EMI calculator to figure out your interest payout over the loan tenure and your repayment capacity before making your decision.

How do I compare the interest rates of personal loans?

Log on to Financeseva.com and fill out our personal loan eligibility tool to get a list of all available personal loan option along with key data such as applicable interest rate, processing fees as well as information about other charges such as pre-payment charges. Using these data, you can easily compare the various personal loan options available with multiple banks and NBFCs.

Am I eligible for personal loan?

A personal loan can be used for almost any type of expense ranging from big ticket appliance purchases and home renovations to luxury vacations and debt consolidation. Some other cases where personal loans may be useful include payment to unexpected medical bills

How does financeseva Personal loan compare with those offered by other banks?
  • There is total transparency with regard to the rate of interest and the fees charged by us.
  • We offer personal loans at the competitive rates of interest, with no security or collateral
  • We provide finance for any personal need or requirement, amount being determined on the basis of repaying capacity.
  • We levy interest based on daily/monthly reducing balance, unlike the annual reducing balance method used by several other banks.
What is the difference between Part payment, Pre-payment and Pre-closure? Are there any charges related to this?

Part Payment: A part-payment amount is less than the full loan principal amount and this payment is made before the loan amount becomes due.

Pre-Payment: This occurs when you pay off your personal loan in part before it becomes due as per the EMI schedule. The pre-payment amount may or may not be equal to the total due amount.  Pre-payment charges usually range from 2% to 5% of outstanding loan amount. Additionally, may banks do not allow pre-payment/pre-closure of personal loan before a specified nu

What are the benefits of a Personal Loan?

Here’s why our Personal Loan is perfect for you:

  • Quick loan payment
  • No collateral or security needed
  • Minimal documentation
  • Flexible EMI plans and many repayment options
How to apply for a Personal Loan?

Getting a Personal Loan is made easy. Just complete a simple form and upload the necessary documents. Your loan will be approved as on the basis of your given document's

Online

We are with you any time of the day.

Phone

Our customer support team is happy to help you, always. Contact us at 9863-02-02-02.

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