Personal Loan

A personal loan is a collateral-free loan, that you do not have to provide any asset as security to the bank/NFBC. The loan amount is quickly dispersed within 48 hours of loan approval. Interest rate starts at 10.99%, which is much cheaper than other unsecured loans like credit cards, where rates can be as high as 36%. The tenure is flexible, between 1 year and 5 years. The loan application process is completely online and there is only minimal paperwork involved.

Building Better
Financial Future

The ultimate goal of saving is to reach financial independence

 

 

 

ELIGIBILITY PARAMETERS

Business Loans up to ₹ 2 Crore

Fast Business Loan Processing

Fast Turnaround Time

No collateral required

Flexible Repayments

Extended Loan Tenure

SELF - EMPLOYED

CRITERIA

Age

25 - 65

Annual Income

Rs. 1 Lac P.A

Annual Turnover

Rs. 1 cr

Years In Business

1 Yr

Documents Required

Latest 6 months bank statement ( where salary/income is credited )


SALARIED Yes SELF - EMPLOYED Yes




3 Latest salary slips


SALARIED Yes SELF-EMPLOYED Na




Last 2 years ITR with computation of income / CA certified financials


SALARIED Na SELF - EMPLOYED Yes




Proof of turnover ( Latest Sales / Service tax returns )


SALARIED Na SELF - EMPLOYED Yes




Proof of Continuity of the current job - Form 16 / Company appoinment letter


SALARIED Yes SELF - EMPLOYED Na




Proof of Continuity of the current position - IT returns / Shop establishment / Sales tax returns /Service tax returns / SSI certificate / Import and Export license


SALARIED Na SELF-EMPLOYED Yes




Proof of identity - Passport / Driving licence Voters ID / PAN card / Photo credit card / Employee card (any one)


SALARIED Yes SELF - EMOPLOYED YES




Proof Of Residence - Ration card / Utility bill / LIC policy receipt ( any one )


SALARIED Yes SELF - EMPLOYED Yes




Proof of Office - Lease deed / Utility bill / Muncipal tax receipt / Title deed ( any one )


SALARIED Na SELF- EMPLOYED Yes




Proof of Qualification - Highest Degree ( for Professionals / Govt employees )


SALARIED Yes SELF - EMPLOYED Yes




Residence / Office ownership proof - Electricity bill , Share Certificate Agreement ( if pagdi ) (any one)


SALARIED Yes SELF - EMPLOYED Yes




If Pvt ltd Firm - MOA & AOA , ROC , Annual returns , Auditor's report, Director's report , Share Holding Pattern , 3CB & 3CD


SALARIED Yes SELF-EMPLOYED No




If Partnership Firm - Partnership deed


SALARIED Na SELF - EMPLOYED Yes





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