Overview
We have all come across situations of financial crunch. Most of us can repay over some time. However, a higher amount makes a situation complex. Asking from friends and family can potentially spoil the relationships. Reaching out to financial institutions for a personal loan is the best proposition.
Every financial institution has its specified criteria for personal loans. Here is a general guideline basis of our experience.
Age | 23 years - 65 years |
Profession Type | 1. Employee |
Credit score | Above 650 |
Minimum Monthly Income | 1. Metros - ₹25,000 |
Loan Eligibility | Upto ₹50 Lacs As Per Applicant’s Credit Profile |
Work Profile | Continuation of 6 Months |
An instant personal loan is a saviour in modern times. We often come across various situations which require urgent financial assistance. In times like these, one can opt for an instant personal loan. A financial emergency could arise from a medical emergency, school or college admission requirements, urgent travel or buying something necessary.
Traditionally, people borrowed from friends, family or other resourceful people. However, such borrowing can be risky, has high-interest rates and can potentially spoil relationships. Financial institutions like Banks and NBFCs help people to borrow money without destroying relationships. The modern enablers like LoansJagat help people get access to instant personal loans.
Following guidelines help to improve the eligibility of instant personal loans.
Here are a few Dos and DONTs to improve personal loan eligibility.
Apply on LoansJagat.com to compare the personal loan interest rate from top Banks and NBFCs.
One can compare instant personal loans by checking the criteria like interest rate, tenure and charges. Applicants should check for real-time comparison on LoansJagat.com. Here is a sample comparison chart.
Financial Institution | Interest (% P.A) | Loan Amount (INR Lacs) | Processing Fee (Up to % of Loan Amount) | Part Payment (Up To) | Pre Payment Charges | Lock-In (No. of Months) | Tenure (Up To Months) |
IDFC First Bank | 10.49 - 18 | 40 | 2 | 40% of Amount Annually | 4% on Remaining Principal | 6 | 60 |
HDFC Bank | 10.25-18 | 50 | 1.5 | 25% of Remaining Principal | 4% on Remaining Principal | 12 | 72 |
ICICI Bank | 10.5-16.75 | 40 | 1.5 | NA | 5% | 6 | 60 |
Axis Bank | 10.25-17 | 30 | 1.5 | 25% of Remaining Principal | 4 | 12 | 60 |
Kotak Bank | 10.99-20 | 30 | 2 | NA | 5% | 12 | 60 |
TATA Capital | 12.5-19 | 25 | 2.5 | 25% of Remaining Principal | 4% | 6 | 72 |
IndusInd | 11.49-20 | 20 | 2.5 | NA | 4% | 12 | 60 |
Aditya Birla | 12.99-20 | 50 | 2 | NA | 4% | 12 | 84 |
Bajaj | 13.5-18 | 25 | 2 | NA | 4 | 1 | 60 |
Yes Bank | 10.75-16.99 | 25 | 1.5 | 20% of Remaining Principal | NA | 12 | 72 |
Compare and apply for instant personal loans on LoansJagat.com and get the best loan offer now.
Eligibility
Who can apply:
Age:
Required Documents
Identify Proof
Any of the following
Address Proof
Any of the following
Other Documents
Mandatory
Calculator
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Loan Summary
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How to Apply
LoansJagat is a platform to offer personal loans quickly and efficiently without having a difficult application process. Our aim is to offer a hassle-free process so that no one has to wait for their dream to become a possibility. Apply for a loan right away!
Tips to Avoid Loan Rejection
The following guidelines assist in improving the chances of loan approval to avoid the possibility of rejection of personal loans.
FAQ’s