Personal Loan

No matter how financially secure or broke, at some point in time, we all need that extra economic support to make our dreams come true. And, this is when Personal Loan comes in for the rescue. You may opt for the personal loan in Delhi or in any other cities of India to cover the expenditures for various reasons, including marriages, travel, home renovation, and many others. The best part about such loan is that it doesn’t require any collateral or security. In fact, it is offered with minimum documentation and paper-work. Also, the process of applying and getting the approval for personal loans is simpler and easier than any other forms of loan.

However, you need to check the personal loan eligibility criteria before applying for the same. Also, you must be aware of your credit score. In some cases, if the CIBIL or credit score is poor, a few of the major financial institution avoids providing loans to the borrower. However, with Rupee Station, you are free from this tension as we also offer loans for poor credit as well. And, with us, the process of applying loans is quite simple and easy.

Though there are several types of loans which one can avail now, settling for the personal loan is still considered to be better choice by a lot of experts. Let’s find out some of the reasons why it is said to be always beneficial for you:

If you opt for the personal loan, you would also get the benefit of choosing the tenure for the repayment of the borrowed amount. And, the longer the tenure, the lower would increase your EMI. So, you can beforehand calculate your EMI and then choose the tenure accordingly. You may use our personal loan EMI calculator tool for a proper calculation.

Another significant benefit of lending personal loan is that it provides a fixed rate of interest. So, in this case, the calculated monthly installment would remain the same for the entire tenure. Hence, you would not have to worry about the change in the rate of interest.  So, if you are looking for easy personal loan, apply online now with Rupee Station.

Unlike other loans, personal loans require fewer documents to be submitted by the applicant. And, as a result, the process takes less time for the same. So, you can easily apply for quick personal loans without being worried about the formal proceedings.

If you have taken the loan for any specific purpose, be it for marriage or home renovation, you might get tax benefits for up to 2 lakhs. However, you need to submit documents for the verification, and only after they are approved, you will be able to get the benefits.

At Rupee Station, we offer several types of personal loans. Such as:

• Marriage or Wedding loan
• Medical loan
• Home improvement/renovation loan
• Same day loans
• Personal loan for a  low CIBIL score
• Unsecured bad credit loans
• Cash loans for bad credit
• Travel Loan
• Vacation Loan
• Festival Loan
• Top up personal loan

Though all banks have different eligibility criteria for offering personal loans, we have decided to enlist some of the most important and common ones below. Take a look:

• He/ she must be the citizen of India
• He/she must be salaried or self-employed with a regular salary
• He/she must earn more than the minimum income requirement
• Age Limit:
• Salaried
• Minimum: 21 years
• Maximum: 58 years
• Self Employed
• Minimum: 28 years
• Maximum: 65 years

• Photo ID and age proof
• Signed application form with the applicant’s signature
• Residence proof
• Bank statement for last six months
• If the applicant is salaried:
• Form 16/ Income Tax returns
• Salary slips for last 6 months
• If the applicant is a self-employed:
• Last 3 years of Income Tax returns along with the income computation