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Looking for a personal loan?

One stop solution to all your financial needs

Interest Rate

2.50%

Processing Fee

0.5%*

TENURE

1 Year

ELIGIBILITY

  • Indian National
  • Salaried individuals
  • Working in Top A & B Companies (Excluding Proprietership Companies/ Partnership)
  • Monthly Income > INR 15k per month

 

DOCUMENTS REQUIRED

  • Photo ID Proof - PAN Card
  • Latest Salary Slip
  • Aadhar Card
  • Permanent Address Proof - Passport/ Driving Licence/ Voter's ID Card/ Utility Bills
  • Latest Bank Statement with salary details
  • Photo Proof - Selfie upload

PRECLOSURE + OTHER CHARGES

  • Prepayment is permissible at any point of time
  • There are no separate charges
  • As interest charges are deducted at times of disbursal, they are not reduced or reimbursed
Interest Rate

11.99%

Processing Fee

5%*

TENURE

6 Year

ELIGIBILITY

  • Indian National
  • Salaried individuals/ Self Employed Individuals
  • Age > 21 years
  • Monthly income > INR 15000

DOCUMENTS REQUIRED

  • Aadhaar Card
  • PAN Card
  • Bank Account Internet Banking

PRECLOSURE + OTHER CHARGES

  • No prepayment charges for loan upto INR 20000
  • 5% prepayment charges for loan > INR 20000 
Interest Rate

14%

Processing Fee

2%*

TENURE

5 Year

APPLY NOW

ELIGIBILITY

Min age – 26 years  

Max age – 58 years  

Minimum salary -

14k  onwards

CIBIL cut-off - 550 - 600

New to CIBIL cases accepted 

DOCUMENTS REQUIRED

Identity proof 

a) Passport 

b) PAN Card 

c) Voters ID 

d) Driving License 

e) Aadhar Card 

 

Address proof 

a) Latest landline / Postpaid bill 

b) Bank statement 

c) Electricity bill 

d) Ration card 

e) Registered Rent agreement 

PRECLOSURE + OTHER CHARGES

5% to 6 %

 

Interest Rate

12.99%

Processing Fee

3.99%*

TENURE

5 Year

APPLY NOW

ELIGIBILITY

1) Salaried Professional

2) Min. Salary req - 22000 p.m 

3) Age more than 25 to 55 years

 

DOCUMENTS REQUIRED

1) KYC document

2) Employee ID card

3) Last 2 month Salary Slip

4) Bank statements of your salary account for last 3 months

 

PRECLOSURE + OTHER CHARGES

Types of Fees Charges Applicable

1) Personal Loan Interest Rates-12.99% onwards

2) Processing fees-Up to 3.99% of the loan amount

3) Bounce Charges-Rs. 600 - 1200 Per bounce (Inclusive of applicable taxes)

4) Penal interest-2% of EMI amount per month + applicable taxes or Rs. 200 per month (Inclusive of taxes), whichever is higher.

5) Secure fee (only for online approvals)-Rs. 4,499

6) Outstation collection charges-Rs. 65 + applicable taxes per repayment instrument

 

Interest Rate

0.082%

Processing Fee

1%*

TENURE

3 Year

APPLY NOW

ELIGIBILITY

Age Band – 18 – 60 years 

Salaried or Self-Employed both

Bachelor / Couple / Small Family / Engaged etc

Monthly Income of the applicant must be above 15K per month

Can operate a mobile or work on a website i.e. has access to internet

Must be using Net-Banking

Must be having valid KYC (AADHAAR, Voter Card, Passport, Driving Licence, Utility Bill), PAN, Bank Account

 

DOCUMENTS REQUIRED

Address Proof (Any one) – AADHAAR, Passport, Driving Licence, Voter ID, Utility Bill (Landline, Post-paid Mobile, Electricity, Gas)

Identity Proof (Any one) – AADHAAR, PAN, Passport, Driving Licence, Voter ID

PAN

Photograph

Access to Net-Banking

PRECLOSURE + OTHER CHARGES

Nil

Service charges:0.918% per day

 

Extension fee: 0.50% per day

 

Late payment penalty: 10% per week

 

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FAQ

You can opt for a personal loan for making big purchases, marriage , home renovation, medical bills, investments, down payments etc. basically any expense which comes with a short notice period in a lump sum amount.

Personal loans generally vary between 1 to 5 years.

The key documents are as follows:

Income Proof for Salaried

Recent acknowledged ITR for self-employed

Address proof

Identity Proof

License/Degree (in case of self-employed )

 

Yes. You have the option of prepaying the loan with various loan providers, standard pre-closure charges will be levied.

Yes. A Processing fee will be levied on which differs from bank to bank.

EMI is Equated monthly Installments which is a partial amount that you pay on a monthly basis in lieu of the loan amount availed from the bank or any financial lender. EMI comprises of the principal amount and the interest levied.

Applying for a personal loan online with CreditKaro is very convenient because you can apply from anywhere anytime. We remove the hassle of a branch visit for you. You also get instant approval on personal loan online.

- It is very easy to apply for a personal loan with credit Karo, all you need to do is:

visit our website

select personal loan from the home page

choose the plan of your choice

click on Apply

while selecting the filters click on salaried

you will have all suitable plans on your screen.

Yes, in various cases a co-applicant can be added in order to get a better credit score for a larger loan amount. If a lender is offering this facility it will be mentioned in the application form.

Yes. You may use it for commercial purpose, but the loan cap and tenure will remain the same.

Most banks and NBFCs limit a personal loan at 25 lacs for an individual but the lender usually evaluates the financial position of the applicant before granting a loan.

 

You must have a regular source of income to avail a personal loan. The categories of income are salaried, self-employed professional, or a businessperson. Your eligibility is also affected by your income, the company you are employed with, your credit history, your residential location among other factors depending on the lender's criteria.

This is very simple, just follow these steps given below:

Log on to CreditKaro.com

Select the personal loan option from the home page

Choose up to 3 personal loans from all the plans

click on the compare tab to add your products

Compare the products on the basis of given criteria

choose the one that suits you

Having a higher credit score shows that you have a good repayment record and that you have paid your installments timely. Higher credit score increases your chances of getting approved for a loan, moreover you can negotiate other perks like higher loan amount, lower interest rate, waiver on additional charges, instant approval etc.

The basic difference between personal loan and loan against property is :

 PERSONAL LOAN:

 

Personal loan is an unsecured loan which can be availed from the bank for personal use. You generally use the loan amount for personal expenses like, construction of your house, raw materials, machinery, marriage, a business set-up etc.

 LOAN AGAINST PROPERTY(LAP)

 

Loan against property is a secured loan that can be availed against mortgage of the borrower’s property. It can be a residential property which is either self-occupied or rented, commercial property or a piece of land. You can use this loan amount to meet any personal expenses just like a personal loan.

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