A Short Guide for Personal Loan

Personal loans are financial tools suitable for emergencies. They can help you to recover from financial problems or to care for large expenses. With unpaid mortgages for other types of loans, individuals can use a personal loan to pay for expenses such as those related to a wedding, home repairs, major holidays, or car repairs. Personal loans are a type of unsecured loan. It means they do not need any kind of security in the form of an inheritance. However, this also results in higher prices compared to secured loans.

Indiabulls Personal Loans can be used to meet all your needs including home repairs, wedding, vacation, emergency medical expenses, etc. with Personal Loan amounts of up to 15 lakh, The Dhani personal loan from NBFC (Non-Banking Financial Company) is a good option whenever there is a need for money. Also, you can properly repay the loan within a flexible manner that can be determined by you according to your ability to repay.

Features of Indiabulls Personal Loan 

Loan Amount: If you qualify for the eligibility process, you can get an Indiabulls Dhani personal loan as high as Rs. 15 lakh.

Reasonable interest rate: Personal loan interest rates from Indiabulls start at 13.99% lower than the prices offered by most NBFCs operating in India.

Hassle-free Application Process: Easy-to-Apply Application Process: The process of applying for a personal loan in Indiabulls is really easy, 100% paperless and can be finished online.

Minimum documents: Only a few basic documents are required to approve your Indiabulls loan application.

Nil Prepaid Payments: Indiabulls currently offer this unsecured loan with no prepaid charges that make it much easier for applicants.

Eligibility criteria

The following are the most important ways to qualify for an Indiabulls personal loan:

• You must be a citizen of India.
• You must be above 21 years of age.
• You must be a paid or self-employed entrepreneur.

The NBFC may impose additional eligibility criteria in accordance with its internal procedures.

Benefits of Personal Loan

Some of the benefits of Indiabulls Personal Loan Include-

Funding up to as high as Rs 15 lakh: Funds can be used for many purposes such as renovation, higher education, car purchase, and medical bills, etc.

Flexible Repayment Tenure: One of the benefits of a personal loan is repayment can be done without stress as the tenure offered is flexible up to 3 - 36 months. You also get the freedom to choose the time, depending on your needs.

List of Required Documents Short: 

• PAN card details
• Address proof (Voter ID card, Ration card, etc.)
• Bank Account details

Simple Eligibility Criteria: The leading customers, who are Indian citizens, must be above 21 years of age to be eligible for this loan.

In addition to the above, personal loans can also provide income tax benefits if they are used for home renovation, home purchase, or higher education.

Also Read This-Get a personal loan even if the credit score is low