Compare Personal Loan Offers

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Everything You Need To Know About Personal Loan

Overview

Want to start a new business? Or are you cramped up by unexpected medical bills? Thinking of taking the vacation you are planning forever? Or has that fancy new bike caught your eye? Unexpected cash crunch and unplanned expenses can crop up at anytime in our lives. To meet all your financial needs, opting for a personal loan is a viable option. With a personal loan there is no restriction on the usage of loan money so whether you are organising a marriage function or looking to buy a high-end gadget or looking to renovate your house, a personal loan comes handy with added benefits like need of zero collateral and instant access to funds. Personal loan has emerged as a great way to finance trips and purchases that otherwise seems far off with a regular paycheck.

PERSONAL LOAN ELIGIBILITY & LOANADDDA ADVANTAGE

With the coming of the digital age online personal loans have exploded the market. At LoanAdda we try to simplify the process and make it extremely easy for you to avail personal loans. All you need to do Log into our website, fill in your basic details and based on your credit score our online eligibility checker calculates your personal loan eligibility. Compare loan schemes from 45+ top personal loan providers with special attractive personal loan interest rates starting from 10.99%, get 100% end to end online personal loan solutions including information, services and assistance for personal loan, your personal loan eligibility criteria, documentation, application to approval and disbursal.

To further help you choosing the best and affordable offers on your personal loans our online EMI calculator calculates flexible repayment options for you. EMI is an acronym used for Equated Monthly Installment which is an amount paid every month by the borrower to the lender. EMI consist of two parts one is the principal amount and the other is the interest which is calculated and paid every month. LoanAdda’s online EMI calculator helps you to calculate the EMI that need to be paid out every month on your personal loan application. By opting for quick paperless online loans from LoanAdda you can get an instant approval within 5 mins and disbursal of loan amount in 24 hours.

WHAT WE OFFER:

ONLINE SERVICES:

Now you need to visit multiple branches to fulfill your requirements of a Personal Loan. LoanAdda helps you choose from personal loan offers across top Banks and NBFCs at your fingertips. With LoanAdda apply for a personal loan & enjoy benefits such as online application, Instant Personal Loan approval, multiple personal loan offers etc.

INSTANT APPROVAL

Apply for a personal loan with LoanAdda and get the disbursement within 24 hours. *(Subject to availability, complete documentation, etc.)

LOWEST PERSONAL LOAN INTEREST RATES

LoanAdda in association with its 45+ lending partners brings you the lowest personal loan interest rates on best offers for your personal loan requirements. Our personal loan interest rates start as low as 10.99%, with additional benefits and special personal loan rates for women applicants.

TRANSPARENCY

Our whole process is secure and digitized enabling us to serve you quicker and with optimum transparency, free of any hidden surplus charges.

STEPS TO APPLY FOR ONLINE PERSONAL LOAN

app-fill

Applicant Fill Out A Loan Application Form.

doc-hand

Documents Hand Over To The Bank.

bank-check

Bank Check Your Reports And Cibil Score.

high-cibil

High Cibil Score Leads To Eligibility Check Basis Documentation.

Eligibility Criteria

Your eligibility for Home Loan is determined by the following factors:-

  • Income/ Other Income
  • Age
  • Qualification
  • Property value
  • No of dependents
  • Bank Balance
  • Assets/Liabilities

Documents Required For Personal Loan

Most banks follow the same general rules in terms of document requirement. There may be a few changes in certain cases, in which case, our loan officers will guide you personally to complete the documentation process. Salaried individuals.

  • Form 16 of last 2 years or Income Tax Returns.
  • Salary slips of last 3 months.
  • Last 3 months bank statement reflecting salary credits.
  • ID/ Age Proof - PAN Card/ Passport/ Signature Proof/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statements.
  • Cheque of Processing Fee.