A simple Guide to IDFC Bank Personal Loan

A personal loan is an unsecured (without collateral) loan that can be used by the borrower for any purpose.

These loans are the most popular kind of loans in the market, as Applying for Personal Loans and their eligibility criteria are very easy-going for borrowers.

Read on to find out about How to apply personal loan Online in India.When can you apply for a personal loan?

Being a multipurpose loan, the borrower can use the amount on:For Home renovation:The borrower can use personal loans to fund the repair and renovation of their residential or even non-residential properties.

They might be limited; meanwhile personal loans can help mitigate the further need for capital while pursuing higher education.Wedding:Indian weddings are massive financial burdens; however, it is the dream of many to have an elaborate wedding celebration.

Personal loans can help mitigate some of the burdens of Indian Wedding finances.Medical Emergencies:While special medical loans exist personal loans are much quicker to obtain in times of emergencies with minimum documents.For Traveling:With the value of the Indian Rupee declining, a trip to foreign locations has become more expensive.

Both salaried and self-employed borrowers can obtain HDFC Bank Personal Loan.

A personal loan from HDFC bank is offered with easy to meet eligibility at a low rate of interest in a short period.

That helps you to own cash to fulfill your financial needs on time.

If you are under financial pressure and do need support, you can simply apply for loans via Rupee Station.

It acts as a negotiator between the financial institution and the borrower.

If you want to apply for hdfc bank personal loan in Kolkata, Hyderabad, Chennai or Delhi or any of the cities, you can take the help of Rupee Station.

It provides you hdfc bank personal loan at a lower rate of interest, even if you have a poor CIBIL score.

It gives the facility of online documentation.

Once you submit all your documents and the verification process is done, you have to wait for some time.

Federal Bank offers best personal loan at 12% only.

The maximum loan amount one can get from the Federal Bank can go up to Rs 25 lakh.

However, the loan amount can differ as the bank provides various kinds of personal loans.

To some personal loan schemes, the tenure could be 72 months.

Documentation in Federal Bank personal loan is very easy.

Hence, a borrower can plan his repayment as per his convenience.

An instant personal loan can give you a financial boost in your tough times.

Whether you are a salaried person or self-employed, at certain times you may confront financial crunches.

Yes, a quick & easy personal loan at a reasonable interest rate could be the solution to all your monetary problems.

Being a salaried employee, it can be easier to get the loan approved showing the income proof, but when it comes to a self-employed individual, people believe that it can be difficult to get a loan sanctioned.

Lenders are willing to give loans to self-employed individuals who have their documents ready.

Eligibility Criteria: The borrower should be a resident of India between the age 18 - 65 yearsThe annual turnover or profit has to be 1 lakh or as per the requirement of the lenderThe borrower has to be in the same business for at least 3 years or moreDocuments Required:Proof of age - Birth certificate/passport/PAN cardProof of ID - Voter ID/Passport/Aadhar/PANPhotographsProof of residence - passport/utility billLast 3 months bank statementProof of income - Latest income tax return, the balance sheet of last 2 years, profit/loss certificateCheck with the lender if you need to submit any other documents.