Overview

An unsecured loan used for various personal expenses like weddings, medical emergencies, travel, or education. No collateral required.

Eligibility Criteria

• Salaried or self-employed individuals
• Minimum monthly income: ₹20,000+

Interest Rates

• Typically 10% - 24% p.a.
• Higher rates compared to secured loans

CIBIL Score Requirement

• Minimum CIBIL score required: 700+
• A lower score leads to higher interest rates

Age Criteria

• Minimum age: 21 years
• Maximum age at loan maturity: 60 years

Benefits

• Quick disbursal (within 24-60 hours)
• No collateral required
• Minimal documentation

Documents Required

• ID Proof (Aadhar/PAN/Passport)
• Address Proof (Utility Bill, Passport, Voter ID)
• Income Proof (Salary Slip, ITR, Bank Statement)
• Employment Proof