Personal loan is the obvious choice if you need a finance for Personal finance, Medical emergency, Wedding purposes, Abroad travel, Holidays, Child education and for buying consumer durable things. Means if you have a requirement of money so personal loan is the best choice.
Personal loan Eligibility
1. Minimum per month Income of Rs.18500 in Metro cities required.
2. Minimum per Month Income of 12500 required in other cities like Tier 1, 2 & 3.
3. Age Must be above 21 Years.
4. Regular Source of Income with Valid proof of income like - Pay Cheque, Account Transfer. Cash salary is not considered by any bank.
5. Minimum 6 Month stability in current company for Salaried, 2 Years ITR for self-employed / Professionals.
6. CIBIL SCORE must be above 750 points.