👤 What is a Personal Loan?
Personal Loan ek unsecured loan hota hai jise koi bhi personal need — travel, emergency, medical, shopping, education — ke liye use kiya ja सकता है.
⭐ Key Features
- No collateral required
- Fast approval
- Short tenure (1–5 years)
- Minimum paperwork
📝 Eligibility
- Age: 21 to 60
- CIBIL: 650+
- Stable income
- No ongoing high defaults
📄 Required Documents
- Aadhaar + PAN
- Salary slip / Bank statement
- ITR (if self-employed)
- Passport-size photo
📉 Interest Rates
- Banks: 10% – 16%
- NBFC: 12% – 24%
💰 Processing Fees
1% – 4% of loan amount
🔄 Process
- Application
- KYC
- Salary verification
- Approval
- Amount credit
❓ FAQs
Q: Cash salary allowed?
Mostly NBFC hi accept karte hain.
Q: Low CIBIL pe milega?
Sub-prime NBFCs provide karte hain.