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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. Availing an instant personal loan online as an additional back-up is something you could consider if you find yourself in a tough spot. A Personal Loan is an unsecured loan provided by banks and financial institutions to meet personal exigencies.
With rising incomes and increased competition among banks to improve their credit portfolios, Personal Loans have become more accessible to get. Banks these days offer attractive interest rates as well as the flexibility of repayment. With so much competition, sometimes it becomes difficult to find and choose the best personal loans. We can help you decide on a Personal Loan offer with options from TOP AND BEST BANKS and NBFCs (Non-Banking Financial Companies).
A personal loan is a great way to finance your emergency requirements. Be it an unplanned medical condition or a big-ticket purchase, a personal loan can finance all these requirements.
A Personal Loan helps you address various financial needs conveniently. Major expenses often come up without warning, so don’t let them drain all your savings.
Salaried individuals, Students, Retired Individuals.
Getting a Personal Loan is simple and quick. To get your loan approved swiftly, you will be asked to provide the following details:
Your personal details including your PAN number, CIBIL score & KYC documents Copies of your pay slips, address proof and bank statements
Find out more about Personal Loan Eligibility and Documents for more details.
We provide Personal Loans from a minimum of ₹ 75,000 to a maximum of ₹ 75,00,000/- depending on your eligibility.
Your Equated Monthly Instalment depends on the principal loan amount, the interest rate charged and the period for which the loan is taken.
Yes, you can avail tax benefits on your personal loan depending upon the purpose for which the loan was taken. The Income Tax allows tax deductions for loans taken for education, purchase or renovation of property, and business expansion. For instance, as per Section 24 of the Income Tax Act, if you have taken a personal loan for home construction or renovation, the interest paid is eligible to be claimed as exemption from your taxable income. For self-owned houses, interest up to Rs. 2 lakhs is eligible for exemption whereas for rented houses, the entire interest can be claimed as tax exemption. In case of business expansion, the interest paid will be added to the cost of acquisition which will reduce capital gains, and thereby tax liability.
No, you do not need any collateral or security for availing a personal loan
Personal loans can be taken for a variety of different purposes, such as follows –
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