Personal Loan

Personal Loan Features

Features and Benefits of our Personal Loan

A personal loan is an unsecured loan that does not require the applicant to pledge any assets as security. With a Personal Loan, there are no restrictions on how you can use your funds.
An applicant can apply for a personal loan with minimal documentation such as Identity proof, address proof, and proof of income.
Personal Loan has a repayment period of up to 7 years, with some banks/NBFCs offering longer periods.
With a mortgage or car loan, the funds can only be used to purchase a home or car. The funds obtained from a personal loan can be used for any purpose. The loan duration is from 12 to 60 months depending on your preference.
There are many instant loan disbursement systems where lenders will give you your money within hours. Your loan amount depends on many factors, including your ability to repay and your source of income.
The personal loan amount ranges from Rs 10,000 to hundreds of Rupees.

Eligibility Criteria for Personal Loan

To be eligible for a People Grow Financial Solution’s personal loan, specific criteria must be met. Key aspects considered by lenders in determining your qualification for a personal loan include:

1. Age: 21–60 years

2. Income: Minimum Rs 15,000/month for salaried applicants

3. Credit score: 750 or above is preferred as the higher the credit score, the more likely you are to be approved for a loan at a lower interest rate

4. To qualify for a personal loan, you must: Be between 21 and 60 years old. What is the minimum credit score to apply for a personal loan? A minimum credit score of 650 to avail a personal loan. Credit scores may vary from bank to bank.

5. The following people can apply for a personal loan:

Employees of limited liability companies, employees of public sector undertakings, including central, state and local authorities.
Persons between the ages of 21 and 60.
Persons with at least 2 years' employment history. At least 1 year with their current employer.

Documents Required for Personal Loan

The following documents are required in order to apply for a personal loan from People Grow Financial Solution:

Photo Identity Proof (Any one):

PAN Card
Aadhar Card
Passport
Latest Passport Size Photo
Voter’s ID

Address Proof (Any one):

Aadhaar Card
Utility Bill (telephone, electricity, water, gas) – less than 2 months old
Passport
Driving Licence
Current and Permanent Address Proof

Proof of Income:

For Salaried Professionals:

Salary slips (Last 3 months)
Form 16 of Latest 2 years
Last 6 Months Saving Account Bank statement
If the current employment of the applicant is less than one year then the current Appointment letter and the last company’s relieving letter will be required.

Fees and charges for Personal Loan

The fees and charges of Personal Loan usually vary from lender to lender and from case to case. The aforementioned table will give you a fair idea of the fees and charges related to Personal Loan:

Particulars	Charges
ROI	Starting from 10.00%
Loan Cancellation	NIL
Stamp Duty Charges	Payable as per the state law
Penal Charges	2% on the delayed payment

Personal Loan Reviews

Anjali Sharma

Marketing Executive

The personal loan process was incredibly smooth. The interest rates were competitive, and I received the funds quickly without hassle.

Rahul Kumar

Software Engineer

Very professional service. I appreciated the transparency in charges and the timely communication throughout the loan approval.

Pooja Nair

HR Manager

Hassle-free documentation and quick disbursal. I’d recommend this to anyone looking for a personal loan with minimal delays.

FAQs

We Are Available In Cities

Ludhiana

Raipur

Hazira

Vadodara

Gujarat

Nashik

Valsad

Mumbai

Hyderabad

Jalandhar

Indore

Mangalore

Daman

Umbergaon

Jodhpur

Pune

Udvada

Ahmedabad

Vikramgad

Surat

Bhopal

Jaipur

Silvassa

Kevadiya

Kolkata

Vapi

Bharuch

Saputara

Nagpur

Varanasi

Delhi

Diu

Bangalore

Lucknow