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How to say, yourself an eligible person for PL

How to say yourself an eligible person for PL.?

We all dream of getting instant cash to fulfil our wishes. It’s not even wrong to fantasize about making all your dreams come true. For some desires to get fulfilled we don’t require money but for some, it does. Whether it’s a long vacation or trip to abroad, latest gadgets, to purchase home appliances etc. we need bank balance. Now when we think about money what immediately strikes into our mind is a Loan.

Personal Loan:

Personal Loan is given to someone for their own personal expenses. We can get Personal Loan up to 30 lacs based on eligibility. Duration of the Personal Loan can be up to 5 years. Personal Loan interest rates vary with different banks.

Giving Personal Loan to an individual is entirely bank’s decision. If the bank finds you eligible it will grant you the loan or can reject your loan. I strongly suggest if you have to apply for a bank loan you must be aware of bank loan criteria.

How to check your loan eligibility?

By filling the above form, you will come to know if you are eligible for the Loan. You will be called by one of our associates who will assist you in an end to end process of the Loan. We have tied up with 26+ banks. So, based on your eligibility the Loan will be disbursed to you by anyone of the bank.

There are many factors that are considered by the bank before giving you a Loan:

  • Salaried or self-employed

  • Which company you work for

  • Age

  • Annual Income

  • Work experience

  • Educational Qualification

  • City you live in

  • Residential address should not be in defaulters list

  • Any rejected Loan application

  • Poor credit score

  • Multiple Loans

Here what we should bear in mind is that different banks have different rules for Personal Loan and all banks have their own terms and conditions. So the best way is to apply for loan online. With our site you just need to fill up a simple form and wait till one of our associates contacts you. We are linked to good numbers of private banks. So you don’t have to wait in a queue to get your Personal Loan done. We have truly and genuinely made Loan taking as easy as withdrawing cash.

Documents required for Loan:

Below mentioned are the list of common documents which are accepted by financial institutions. The documents vary for salaried or self-employed individual and also vary with the banks where you are applying for the Loan. Additional documents can be asked by banks for reviewing. The time taken for processing these documents takes a minimum of one week.

  • Completely filled application form.

  • Passport size photographs.

  • Identity proof and signature proof (in case of government employee).

  • Address proof.

  • Date of birth certificate.

  • Latest salary slips certified by CA if you are self-employed.

  • Company appointment letter/Form 16.

  • Educational qualification certificates.

  • Acknowledged IT return.


The time taken for giving personal loan depends on banks. In some cases, it gets distributed in 24 hours while some take up to 7 working days.

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