Minimal documentation |
Quick disbursals |
Collateral-free loan |
No end-use restriction |
Loan amount of up to Rs. 40 lakh, which can exceed depending on lenders’ discretion |
Repayment tenure up to 60 months, which may exceed on case-by-case basis Top up loans for additional requirements are offered by many lenders |
Age | 18 – 60 years |
Salary (Salaried Customers) | At least Rs 15,000 per month |
Income (Self-employed) | At least Rs 5 lakh per annum |
Credit Score | Preferably 750 and above |
Employment Type |
Salaried employees working with reputed organisations, MNCs, Private & Public Ltd Companies, Govt. bodies, PSUs, etc. |
Identity Proof | Passport/ PAN Card/ Voter’s ID/ Aadhaar Card/ Driving License |
Address Proof | Passport/ Aadhaar Card/ Lease/ Property Purchase Agreement/ Utility Bills (not more than 3 months old)/ Passport/ Driving License |
Income Proof For Salaried Individuals: | Salary Slips/ Bank Account Statement/ Form 16 |
Income Proof For Self-employed Professionals: | Previous Years’ ITR/ P&L Statement and Balance Sheet/ Bank Account Statement |
Business Proof For Self-employed Individuals: | Business Incorporation Certificate/ Professional Degree/ Certificate of Practice/ Partnership Deed/ GST Registration and Filing Documents/ MOA & AOA/ Shop Act License |
Mybankingtips allows customers to compare personal loan offers from 30+ banks and NBFCs and apply for the best-suited offer online with ease.
Minimal documentation |
Quick disbursals |
Collateral-free loan |
No end-use restriction |
Loan amount of up to Rs. 40 lakh, which can exceed depending on lenders’ discretion |
Repayment tenure up to 60 months, which may exceed on case-by-case basis Top up loans for additional requirements are offered by many lenders |
Age | 18 – 60 years |
Salary (Salaried Customers) | At least Rs 15,000 per month |
Income (Self-employed) | At least Rs 5 lakh per annum |
Credit Score | Preferably 750 and above |
Employment Type |
Salaried employees working with reputed organisations, MNCs, Private & Public Ltd Companies, Govt. bodies, PSUs, etc. |
Identity Proof | Passport/ PAN Card/ Voter’s ID/ Aadhaar Card/ Driving License |
Address Proof | Passport/ Aadhaar Card/ Lease/ Property Purchase Agreement/ Utility Bills (not more than 3 months old)/ Passport/ Driving License |
Income Proof For Salaried Individuals: | Salary Slips/ Bank Account Statement/ Form 16 |
Income Proof For Self-employed Professionals: | Previous Years’ ITR/ P&L Statement and Balance Sheet/ Bank Account Statement |
Business Proof For Self-employed Individuals: | Business Incorporation Certificate/ Professional Degree/ Certificate of Practice/ Partnership Deed/ GST Registration and Filing Documents/ MOA & AOA/ Shop Act License |
Mybankingtips allows customers to compare personal loan offers from 30+ banks and NBFCs and apply for the best-suited offer online with ease.