Get the Funds You Need with Top Personal Loans Available Online

Getting the funds, you need to pay for unexpected expenses, consolidate debt, or invest in your future can be a challenging task, especially if you don’t have the necessary savings or a good credit score. Fortunately, personal loans are an excellent solution for those who need quick cash to cover their financial needs. In this blog post, we will discuss how you can get the funds you need with top personal loans available online.

What is a Personal Loan?

A personal loan is a type of unsecured loan that allows you to borrow money for any purpose, such as home renovation, wedding expenses, or medical bills. Unlike secured loans, such as a mortgage or car loan, personal loans do not require collateral, which means that the lender cannot seize your assets if you default on the loan. Personal loans are also known as signature loans or installment loans, as they are repaid in fixed monthly installments over a period.

Why Choose an Online Personal Loan?

Applying for a personal loan online is a convenient and efficient way to get the funds you need without having to visit a bank or lender in person. With online applications, you can complete the entire process from the comfort of your own home, at any time of the day or night. Online lenders also offer a wide range of personal loan options, with competitive interest rates and flexible repayment terms. This makes it easier to find a loan that fits your budget and financial needs.

Top Personal Loans Available Online

Here are some of the top personal loans available online in India:

HDFC Bank Personal Loan

HDFC Bank offers personal loans for a wide range of purposes, including home renovation, travel, education, and debt consolidation. You can apply for a personal loan online and get instant approval, with funds disbursed to your account within 2-3 business days. HDFC Bank offers competitive interest rates, starting at 10.50%, and flexible repayment terms, ranging from 12 to 60 months.Visit – Apply for HDFC Bank Personal Loan

ICICI Bank Personal Loan

ICICI Bank offers personal loans for a range of purposes, such as wedding expenses, medical bills, or home renovation. You can apply for a personal loan online and get instant approval, with funds disbursed to your account within 72 hours. ICICI Bank offers competitive interest rates, starting at 11.25%, and flexible repayment terms, ranging from 12 to 60 months. Visit – Apply for ICICI Bank Personal Loan

IDFC First Bank Personal Loan

IDFC First Bank offers personal loans for various purposes, such as home renovation, travel, or medical expenses. You can apply for a personal loan online and get instant approval, with funds disbursed to your account within 48 hours. IDFC Bank offers competitive interest rates, starting at 12%, and flexible repayment terms, ranging from 12 to 60 months. Visit – Apply for IDFC Bank Personal Loan

Bajaj FinServ Personal Loan

Bajaj FinServ offers personal loans for various purposes, such as wedding expenses, home renovation, or travel. You can apply for a personal loan online and get instant approval, with funds disbursed to your account within 24 hours. Bajaj Finserv offers competitive interest rates, starting at 12.99%, and flexible repayment terms, ranging from 12 to 60 months. Visit – Apply for Bajaj FinServ Personal Loan

Tips for Getting a Personal Loan Online

Here are some tips to help you get the best personal loan online:

Check your credit score before applying for a personal loan. A good credit score can increase your chances of getting approved and help you get a better interest rate.

Compare personal loans from different lenders to find the best deal. Look for lenders that offer competitive interest rates, low fees, and flexible repayment terms.

In conclusion, getting a personal loan online is a convenient and efficient way to get the funds you need for various purposes. IndiaLends is a great option for those looking for the best personal loans available online, with competitive interest rates and flexible repayment terms. Apply for a personal loan with IndiaLends today and get the funds you need to achieve your financial goals.

Everything you need to know about Personal loan process

Whether you need funds for family or for personal emergencies, or required funds to plan a wedding or vacation, apply for a personal loan online. It is a convenient way of getting quick funds at times of emergency. The personal loan application requires a few documents. It is processed faster than any other retail loan being collateral-free and obtained with minimal documentation. Just like most loans, however, they must be repaid in monthly installments.

Features and benefits of Personal loan process

No collateral required

One of the benefits associated with an online personal loan is that it is unsecured. This means you don’t need to pledge any collateral for your loan.

Minimal Documentation

In this age of digitization, the process of verification and documentation has now become short. This is applicable for an instant personal loan as they are fast in disbursal and require minimum documents for approval.

Easy Approval

You can get personal loans that are quick and easy to approval. This is why it is the best bet in times of financial emergency. Moreover, the process has become digital; thus, reducing time in the verification process.

Multipurpose in nature

A personal loan can be used for anything except for investment and illegal activities. Apart from that, it is multipurpose and can be used for anything. Other forms of credit when taken are for a specific purpose and can be used only for the same.

Personal loan eligibility criteria

• The minimum age to apply for a loan is 18 years-21 years, and the maximum is 60-65 years.
• Must be a resident of India
• Must be having a good credit score of 750, or above.
• The minimum monthly income requirement is Rs 15000 per month in non-metro cities and Rs 20,000 per month in metro cities.

Personal loan interest rates

Interest rates	10.25%- 25%
Processing fee	Differs from bank to bank; generally, ranges between 1-4% of the loan amount
Loan tenure	12 months- 60 months
Loan amount	Rs 15000-50 Lacs
Lock-in-period	Varies from lender to lender
Pre-closure	Differs; Generally, between 2%-5% of the loan outstanding
Guarantor required	Based on credit profile

Work experience

Salaried

Employed at the current company for at least 6/12 months

Self-Employed

• Business tenure of at least 3 years (continuous)
• ITR of last 3 years

Common documents required for Salaried Individuals and Self-employed individuals

• Filled personal loan application with photograph
• PAN Card
• Residence proof – Passport driving license, Voter ID, postpaid/landline bill, utility bills (electricity/water/gas)
• Last 3 years Income Tax Returns with computation of Income
• Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
• Bank statements for the last 3 months(preferably your salary account in case you are salaried

Additional document required in personal loan process if you are salaried

 Latest 3 months’ salary slips

Know about the personal loan process: How it works?

• Click on ‘ Personal Loan’
• After that, you need to fill in the required details as a first step to knowing your eligibility for a Personal Loan.
• Need to fill in details such as name, e-mail address, residence, employment type, name of the current company, monthly-in-hand salary, and contact details. After filling in the details, you will get an OTP on your registered mobile number to verify the contact details.
• Once the contact details get verified by providing the required OTP, then you will be provided with another form to fill which include details such as :

How much money do you need?

• Gender
• Date of Birth
• PAN Number
• Through which mode you are getting a salary
• Current residential address
• Locality
• City and State which you belong

Once you fill in the above-required details, you get to know your loan amount eligibility along with the best loan offers after checking your credit score and credit history. Once you select the loan offer, our representative will start processing your loan application.

Personal loans are unsecured loans and are, therefore, easily processed. Unlike home or car loan, the application process for a personal loan is simpler as the bank does not have to verify the details and eligibility of the properties and assets that you intend to purchase. Banks also do not need to verify the details and veracity of any collateral as there are no collaterals in personal loans.

Apply for Online Personal Loan – Get your loan approved in few clicks

Financial woes can arise at any time. You may need funds to pay for educational expenses for your children or a wedding in the house. There could also be unexpected medical bills to deal with. Apply instant loan option comes as an additional backup that is something you could consider, if you find yourself in a tough spot. It is provided by banks and financial institutions to meet personal exigencies.

It can be availed instantly at the lowest interest rate starting from 10.25% along with a flexible tenure ranging from 1 year to 5 years. You can get the personal loan starting as low as Rs 15,000 to Rs 50 Lacs. The documentation to apply for personal loan is also smooth and hassle-free. It’s a 100% contactless and touchless loan.

Features and benefits of online personal loan:

Loan up to 50 Lacs:

 You can borrow a loan starting from Rs 50,000 to 50 Lacs. The amount you are eligible for depends on several factors including your age, net monthly income, credit score, existing financial obligations, etc.

Flexible and attractive interest rates:

The personal loan apply online starting rate is 10.25% for a salaried and self-employed individual. Based on the credit profile, tenure, and loan amount eligibility, the interest rate is offered by the lenders. If you are having a good credit score of 750, or above, we will get you the lowest interest rate loan offers of the top bank and NBFCs.

100% contactless process

The online personal application filling procedure is 100% contactless and touchless. Minimal documentation and quick approval are the main USPs of applying for a personal loan online.

List of documents required to apply for personal loan

• Identity proof
• Age Proof
• Filled Personal loan application with photograph
• PAN Card
• Residence Proof- Passport, Driving License, Voter ID, Utility bills
• Latest 3 months bank statement
• Salary Slips of last 3 months
• Form 16 or Income Tax Return of Last 3 years

Additional documents are required if you are self-employed

• Last 3 years Income Tax Returns with computation of Income
• Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

The eligibility criteria to apply for instant loan

The minimum age to apply for a personal loan is 21 years and the maximum varies between 60 years to 65 years.

• Must be a resident of India
• Having a credit score of 750,or above
• The minimum monthly income requirement is Rs 15000 for non-metro cities and Rs 20,000 for metro cities.
• Should be employed at the current organization for at least 6/12 months or business tenure of at least 3 years (continuous)

Bottom line

Now there is no need to postpone your wish list. apply for a personal loan with IndiaLends in just a few clicks. We offer loans to both salaried and self-employed individuals. You can find out your loan eligibility in a few seconds through our online calculator.

Applying for personal loan with us is an advantage as we offer you a detailed comparative analysis of all the loan offers available based on your credit profile. We collate the information of all personal loan options on a single screen so that you can easily compare the different products and select the best bank to apply for personal loan.

Read more: Apply for HDFC Bank Personal loan: Interest rates starting from 11.25%

Everything You Need to Know About Online Personal Loan

What is personal loan?

A personal loan is an unsecured form of debt that can be availed without pledging any collateral or security. All a person needs to do before applying for a personal loan is to check eligibility. The best part about going with an online personal loan is that all the verification processes are done just with a click of the mouse. All this becomes possible with the commencement of new-age technologies like Artificial Intelligence (AI) and Big Data. These technologies have made it easier for lenders to verify your eligibility faster and quick document verification. This, in turn, speeds up the loan disbursal process. 

Know about personal loan eligibility!

• Age must be between 18 years to 60 years.
• You can apply for this loan if you are salaried, and your monthly income should be at least 20,000 if you are residing in metro cities and Rs 15000 for non-metro cities.
• Individuals who work for a private company or are employed in a government job can avail an instant personal loan based on their creditworthiness.
• The final loan amount decision is in the hands of a lender based on a factor such as financial history and credit score.
• A person should have a credit score of 750 and above with a good credit history.

Required documents to get an online personal loan

There is no standardized list of documents as it may differ from lender to lender. But the basic documents required are listed below:

• Permanent Account Number (PAN)
• Address proof such as ration card, Aadhar card, passport, electricity bill
• Three months’ pay slips.
• Six months’ salary account bank statement

Process to apply for an online personal loan

• Login to the lender’s website or one can also download their mobile app to check the personal loan eligibility.
• Compare the various interest rates offered by various lenders ensures that you get the personal loan at low-interest rate.
• If you are meeting the eligibility criteria, then fill out an online application form and upload the scanned copy of the required documents.
• You can upload the documents on the website or send an e-mail with the attached documents on the e-mail address that is provided.
• Post verification of the documents, they will activate the instant disbursal of the loan amount to your account.
• This whole process will take a few hours.

Features like easy accessibility, instant approval, personal loan at a low-interest rate and easy repayment facility make online personal loan popular. The evolution has taken place in the process of applying personal loan has helped a lot of people in meeting financial requirements instantly.

A Step-By-Step Guide to Avail Quick Personal Loans Online

Among the many loans which are readily available in the market, personal loan is the most sought-after loan type and the reason is you can opt for the loan to meet any of your immediate financial requirement without the need of any collateral or security. The loan can be put to number of uses such as medical expenses, refurbishing your old house, higher education, wedding, travel or any other expenses.

Any salaried or self-employed individual can avail a personal loan online at the comfort of home or office. You don’t need to visit branch or call anyone to get the funds in your account as you can apply for a personal loan at your fingertips.

If you are planning to avail a quick personal loan, then here is the quick guide that can help you.

1. Fill the online loan application form accurately- When you plan to avail a personal loan to meet your emergency needs, you need to visit a lender’s website from where you want to apply. There you will get the application form wherein you need to fill in all your details like personal, employment and financial details. Make sure you fill the form correctly and completely. An incomplete or incorrect form can lead to your loan rejection.
2. Select the right loan amount and tenor- While applying for personal loans online, you need to choose the preferred loan amount that suits your current budget. Additionally, you also need to look at a longer tenor so that you are comfortable in paying back your monthly EMIs.
3. Ensure that you upload the right documents- A quick personal loan is an unsecured loan where borrowers do not need to put any collateral to avail the loan. The loan would be offered based on your previous repayment history and your credit score, which should not be less than 750. Also, you need to upload the required documents like proof of identity, proof of address, KYC documents, latest 3 months’ salary slips etc. correctly to make the loan process easier and faster.
4. Quick disbursal-Once your personal loan eligibility is cross-checked and the documents submitted by you has been verified by the lender. The lender will soon process your quick personal loan application and will disburse the loan amount within 24 hours.
5. Make sure to check eligibility criteria- Every financial institution has set its own eligibility criteria that you need to meet while applying for personal loans online. If you do not meet the eligibility, your loan application would be rejected. To avoid loan rejection, compare and cross-check your personal loan eligibility by making the use of online personal loan eligibility calculator.
6. Do not forget to check the rate of interest- Before you decide to apply for personal loan, it is necessary for you to check out the rate of interest along with the processing as well as prepayment charges. It is important to check because any small change in interest rate can make a major impact on your monthly EMIs.

Manage your immediate financial needs with Kotak Bank Personal Loans

Kotak Bank is one of the most renowned banks which can help you meet your immediate financial needs. You can apply for Kotak’s personal loans online and solve all your financial worries. From wedding to renovation of your home, you can make use of the loan for any legal purpose. The best part is the application process is quite simple as it requires minimal documentation and a hassle-free application process.

Kotak Bank Personal Loan Eligibility Criteria

Any Indian resident who is an employee in MNC, Public, or Private limited company and is between 21- 58 years of age is eligible to avail of a Kotak Mahindra personal loan.

The following are some of the other criteria that you need to fulfil to get the loan from Kotak

• A net salary of Rs. 20,000/- per month
• An applicant applying for the loan must have a minimum educational qualification of being a graduate
• An active resident of a city for at least 1 year
• A minimum work experience at a reputed organization for at least 1 year

Documents required

Meeting the basic documentation requirement is a must to apply for any loan, If you intend to apply for unsecured loans from Kotak Bank, you must provide self-attested copies of all the required documents given below depending upon several factors such as your service/profession, income, and loan requirement. At the same time, carry the original copies for verification. Here are the documents that you would require to get the loan-

• Proof of Identity such as Passport/ PAN Card, Aadhaar card, Voter’s ID, Driving License
• Proof of Residence such as your latest Utility Bills, Passport or Leave and License Agreement
• Your latest bank statements for the last 3 months along with income details
• Salary slip for the last 3 months
• 2-3 Passport Size photographs

Features

• Competitive interest rate- Personal loans from Kotak Bank are affordable and convenient. Any eligible individual can apply for the loan in three seconds.
• Documentation made easy- You can save your time while filing your application online. You just need to submit simple documents such as your PAN number, Aadhaar Card, and salary slips.
• Part prepayment facility- With such a facility, you can reduce your loan burden by repaying your loan before the end of the loan tenure.

Steps to apply for a Personal Loan from Kotak bank

Getting a Personal loan online with Kotak Bank is a hassle-free process. You need to follow three simple steps.

Step 1: Provide your basic details such as your name, contact, email address, PAN number, etc

Step 2: Check your eligibility by using Kotak personal loan eligibility calculator

Step 3: Provide a set of required documents such as your proof of residence, income, and employment details, etc.

Alternatively, you can also apply for a Kotak personal loan through Fintech portals or using their apps. You just need to fill a loan application form, give your basic details, check eligibility, and upload scanned documents.

Benefits of Instant Personal Loan

In this pandemic situation, when everyone is advised to stay at home for being safe and healthy. At that time, the online personal loan becomes a financial saviour for all those who are in dire need of cash.  Secondly, now everyone is working from home, they can’t stand in long queues by choosing the option of bank personal loan. Due to all these reasons, Instant Personal loan becomes a major need for everyone as compared to other form of Credit.

What is Instant Personal Loan?

 Earlier the Personal loan application process due to being long and tedious sounds boring and tiring. After the technological advancement and emergence of AI, things in the banking sectors have changed dramatically. It has given birth to the concept of digital lending and modern-day banking. The Instant Personal loan becomes a reality of today due to efforts of FinTech start-ups and other financial institutions including banks and NBFCs. It has made popular, app-based lending which comes up with the feature of quick loan disbursal and instant application processing. But these are not the only benefits, when anyone applies for a personal loan online, there are some other benefits also. Read here:

Easily get what you want

Due to the innovation of new-age lending apps, one can get an online loan easily up to 25 Lakhs. The loan amount limit of every lender is different but the online services starting from filing loan application to disbursement remains smooth.

Needs customer in front

Whenever you apply personal loan on the platform ofthe new-age app-based lenders, you will enjoy the best customer service. They will keep the customer requirements in front and help you to file a credit application at their leisure. They are offering 24×7 customer service.

You can easily compare loan offers online

The new-age-based lenders allow you a platform where you can make an easy comparison of almost 40+ lenders that includes both banks and NBFCs. The best part is that you will get a personalized relationship lender who will assist you in choosing the best loan offer.

You will enjoy real-time support

Online Personal loans come with a fast and efficient customer support team who will clear all your doubts related to eligibility criteria, repayment options, and procedures of filing a loan application. Not only your queries and doubts would be cleared off, even your loan application and documents will also be completed in minutes by the lender.

Brings transparency

The benefit of apply Personal loan online option, is that here the applicant gets an opportunity to choose the lender which suits them best in terms of loan tenure, interest rate, and loan amount. Whenever you file a loan application for an instant personal loan, it will display a list of all lender offers that help you to choose the best.

HDFC Bank Personal Loans – What Makes it Worthy of Your Choice?

A personal loan is one of the demanding credit products of all time. It is because of the quick processing, instant disbursal, and absence of collateral. These features make it very comfortable for the borrowers to avail funds through a loan. One can easily avail of this loan through the bank and NBFC of his/her own choice. HDFC Bank has reached the next level when it comes to personal loans. A personal loan from HDFC Bank comes with some additional benefits and offers. HDFC Bank is best known for its easy loan application processing and a wide range of branch network in every town and city. Any individual can apply for an HDFC Bank Personal Loan, but make sure you must have a stable source of income and a good credit score, preferably above 700.

Features and Benefits of HDFC Personal loans

Simple Online Loan Application

HDFC Bank uses updated technology and offers personal loans to its applicants through a 100% online process. Every step of availing a personal loan from HDFC Bank goes into an online process. Whether it may be filling the application form or uploading the required documents, the whole process goes online. All these upgradations make it easy for the borrower to avail of this loan.

Low-Interest Rates

HDFC Banks offer applicants competitive interest rates for the loans available for salaried, working professionals, self-employed individuals. Personal Loans from HDFC start at a minimum rate of 15% and goes to a maximum of 23.52% p.a. the interest rate offered to any individual depends on their CIBIL and eligibility.

Quick Loan Disbursal

HDFC Bank always makes sure that their applicants do not have to go through any hassle. HDFC Bank is one of the banks that offer fast personal loans. If you meet the eligibility criteria and have all the required documents with you, your loan will be disbursed within a few hours.

Minimal Documentation

The best part about HDFC Bank personal loans is that they require minimal documents. If the borrower is already an existing customer, then he/she needs to provide only the basic details. But if the borrower is new to HDFC, there will be a documentation process, but this is also very minimal concerning other banks and NBFCs. Whatever documentation is needed, it can be done on the online portal itself. 

Low Prepayment Charges

HDFC Bank offers personal loans at lower prepayment charges as compared to any other bank or NBFC. One of the additional features is that the prepayment charges are completely waived off after 36 months.

Eligibility for HDFC Personal Loan

• Age: HDFC offers Personal Loans to individuals who are at least 21 years old at the time of loan approval and a maximum of 60 years at the time of loan maturity.
• Nature of employment: Salaried or self-employed professionals can get a loan.
• Credit Score: 750 or higher is required.
• Minimum monthly salary: Your minimum in hand salary should be Rs. 18,000.
• Job stability: Applicants must have at least 2 years of work experience and a minimum of 1 year in the current job.

Documents required for HDFC Personal Loans

• Identity Proof: Voter’s Id Card/Passport/Driving License/Aadhaar Card.
• Address Proof: Aadhaar Card/ Passport/ Telephone or Electricity Bill/ Ration Card/ Rental Agreement.
• Bank statement: Bank statement of last 3 months or bank passbook of 6 months.
• Salary Slip: Salary slip of the last 3 months along with Form 16.

So, if you want to avail of funds instantly, apply for a personal loan from HDFC Bank with the lowest personal loan interest rate. For a hassle-free loan application, you can refer to the above guide.

How Personal loans can become the best financing option?

A Personal loan proves to be the right financial help to deal with any form of financial emergencies. Being many credit options are available so, it becomes difficult to decide which one is better to meet your immediate financial requirement. Certain features make the Personal Loan the best option for you. Here are those features:

Interest rates:

The first and most important feature of the best personal loan is the interest rate since even small percentage differences will add to your loan cost over some time. Everyone wants to take a personal loan at a low-interest rate. Your best bet will always be looking for a financial institution who will charge you an arm and leg. The interest rate offered by each lender differs depending on factors such as your income, credit history, and past repayment records. So, it is wise to always shop around before you are going to apply for a personal loan. It is possible quite easily online.

Collateral free loans

Being a personal loan an unsecured form of credit, you are not required to pledge any asset against your loan. All you are required is a good credit score that is 750 and above to get a fast personal loan. All those who are looking for an immediate financing option, Personal loans are ideal for them.

Minimal documentation:

The best Personal Loans could be those that come with a minimum of fuss. For example, when you are in dire need of cash, the last thing you are willing to do is to submit a lot of documents and fill in a lot of forms. Online many lenders are providing a platform where you get an option to fill in the loan application form, upload documents, and get verified within the same time, and you can apply for a loan from the comfort of your home. Post that, money is credited into your account in no time at all.

Flexible Loan Tenure

It is not possible to decide whether the Personal loan is right or wrong without considering its loan tenure. When you apply for a personal loan, it is a must that it matches your time requirement. Usually, a loan tenure offered in these types of loans is 12-60 months. Longer is the tenure will mean lower EMIs, but charges you higher interest-rate. Choose the one that offers you flexible tenure options.

Loan Amount

Always choose a lender that has a higher upper limit when it comes to loan approval. For instance, if you are having a requirement of 15 Lakh but the lender’s upper limit is 10 Lakh, then there is no point in filing a loan application with them. Always check the maximum loan limit of the lender.

Processing Fees

The interest rate on your loan and the processing fee determines the total cost of the loan. You take into consideration both the factors before you decide. Always go with the lender whose processing fees are low as it will reduce your loan burden.

Due to being super fast personal loan disbursals and the efficient loan process, it becomes one of the best financing options.

Understand the working of Personal Loan

A personal loan is a form of credit that is borrowed from the bank or through any of the FinTech organizations for funding immediate needs such as home renovation, vacation, marriage, or any kind of emergency funding needs, etc. It is an unsecured form of a loan which need not require any collateral or security.

Factors need to keep in mind before applying for a personal loan:

•  Good Credit score
If you have a good credit score i.e. 750 and above, most of the lenders would be willing to offer you a personal loan, and at times it can be daunting to figure out which is the best option.

•   Interest Rate
The personal loan interest rate you are charged is a kind of additional amount that you need to pay along with the principal amount. It keeps on changing according to your monthly installment amount substantially. So, making loans offer comparisons will help you in finding the best rates.

•   Repayment period
It is the duration under which you need to pay off your principal amount in addition to the interest. Shorter is the loan duration, lower is the cost and bigger will be the EMI. Look at tenure range being offered by different lenders and go for an option that gives the right mix of tenure and EMI.

•   Pre-payment penalty
Some lenders might charge from you a big penalty for the early closure or you can say repayment of the principal amount. It is always wise to check on the charges applicable to pre-payment before applying for a personal loan.

Know about the eligibility criteria to apply for a personal loan:
•   Applicant must be salaried or employed
•   He or must be at least 21 years of age
•   Applicant must have a valid identity and income proofs
•   The monthly salary of a person must be at least Rs 15000 per month
•   Job stability i.e. minimum one year
•   Must have a good credit score i.e. 750 and above

Personal Loan processing

Personal loan functions like any other loan. You can apply for the amount according to your need. To support your loan application, you need to submit the documents that can be done online also. After document submission, the lender checks your creditworthiness, he or she provide you details regarding the amount you are eligible for and the personal loan interest rate you will be charged for. If you agreed with the offer, then the lender will disburse the loan amount directly to your bank account post verification of the documents.

The two most important personal loan calculators used at the time of Personal loan processing are:

1. Personal Loan eligibility calculator
It is one of the best ways to know about the maximum loan amount you can avail of based on your income and ability to repay. It is a must to know your eligibility before applying for a personal loan to avoid any kind of loan rejections.

2. Personal Loan EMI calculator
It is an online personal loan calculator that helps you to get the exact EMI amount based on details such as principal amount, tenure, and rate of interest.

Online there are many FinTech platforms available that can help you apply for a personal loan in a hassle-free manner. You can either log in to the website or download their app. In this pandemic situation, online personal loan proves to be the best way to cope up with your financial need and requirements.

Stay safe! Stay at home