A personal loan refers to money that is borrowed from a financial companies, for personal (not professional or business) use. In opposition to large and long-term loans, personal loans are taken for shorter period of time. Generally personal loans are taken to fulfill short term .This type of loan is used by many to resolve their current financial needs. The Rate of Interest of personal loan can be anywhere between 11.29% to 35%.
Financerz is going to be Navi mumbai’s fastest growing financial distributors. With experience in the loans industry, we strive to help our customers get the best offers and deals on instant personal loans.
Banks offer personal loans to customers who fulfill their designed eligibility. The eligibility :
|Particulars||Salaried Borrowers||Self-Employed Borrowers|
|Age||21 years to 60 years||23 years to 60 years|
|Income||Rs. 15,000 (Rs. 20,000 in metros)||Turnover of minimum Rs. 24,00,000 (differs for professional and non-professional|
|Minimum Loan Amount Approved||Rs. 75,000||Rs. 75,000 to Rs. 3,00,000|
|Maximum Loan Amount Approved||Rs. 15,00,000||Rs. 15,00,000 to 20,00,000|
|Loan Tenure||12-72 months||12-48 months|