At the e-Loans, we have simplified the lending process with a sharp focus on serving our borrowers’ unique needs and circumstances – offering our customers a truly superior borrowing experience.
Before you commit to a Personal Loan, We commit our resources to seal the best deal.
Are you looking funds for fulfilling requirements which are Personal in nature. Funds could be for addressing a Medical Emergency, Family vacation, Home renovation, Wedding expenses, Children’s education, etc. You can opt for a Personal Loan from Rs.50K to Rs.25Lakhs based on Individual Income. There are many more reasons for which these funds can be used.
Personal loans are specially designed for people who don’t want to go through the hassles of providing security or hypothecation.
Let us see what the features of a Personal Loan are:
The lender doesn’t ask the Borrower for end use of the loan. The borrower could use it for a wide variety of reasons, some of which are mentioned above.
The loan does not require borrower to pledge any assets as collateral.
Getting a Personal Loan takes lesser time compared to other loans and most of the process happens online with minimum paperwork.
A Personal Loan generally has higher interest rate compared to other types of Loans, given that it is unsecured.
A good Credit Score will help you get Personal Loan at competitive Interest rates.
Personal loans are available with varying tenures. It depends on the financial capacity and Age of the Borrower. Typically, Personal Loans tenures range between 12 and 60 months.