A Personal Loan is an unsecured loan borrowers have taken out to fulfil their different financial needs. It is also also called an' all-purpose loan ' as there are no limitations on the end-use of the money. Personal Loan is also a kind of instant loans available to all lenders within a short time frame. It is a loan without protection conditions and without any risks and costs.
In a personal loan, borrowers give loans to consumer for a specific duration of time at a fixed or floating interest rate that can vary from 3 months to 3 years or 5 years. The cost of living and consumption is very high, and the economic needs of people are very high. People can get personal loans now to meet the demands of today. Personal loans are great when it comes to the financial struggles in your life.We, Dealsofloan supports you to secure personal loans with competitive interest rates.we also help to get personal loan for fresh borrower at lowest possible interest rate with instant approval,quick disbursement and simple minimum documentation process.
Travel Loan: Moving out and experiencing the world is no longer a luxury, but a reality of a busy schedule for most of you. Funds are no longer a limitation because personal loans can be made for a lavish holiday or a short vacation.
Home Renovation: Such helps vary from getting a new paint cover for the house to minor improvements or remodeling and purchasing household appliances
Medical Emergency: Life is never easy and you may regularly experience injuries and emergencies. Personal loans that do not need collateral are a good option for quickly making money.
Marraige loan: It is understood that marriages or weddings will cost us a lot and arranging for such funds is not easy. Increased parties or traveling can represent additional expenses that can be covered by applying for a personal loan.
Improve Credit Score: In order to improve their credit score, some borrowers apply for these loans.
No Securities:
There is no need for securities for such loans. These loans are centered on the applicants ' monthly or yearly income.
Criteria | Salaried | Self-employed |
---|---|---|
Age : | 21-60 years | 25-65 years |
Income : | Minimum Rs 18,000 | 1 Year bank statement or ITR |
Loan amount : | Rs 15 lakh | |
Rate of interest : | 10.75%-15.50% | 16.00% to 30% |
Loan processing Fees: | 1.5%-2.5% | 1.5%-2.5% |
Prepayment/ foreclosure charges: | Nil-5% | Nil-5% |
Work Experience: | Should be Overall 1 years and must have 3-month experience in the ongoing job. | For at least three years, the person should be carrying his / her enterprise. |
Documents: | For Salaried Customers: | For Self Salaried Customers: |
---|---|---|
Photographs: | Yes | 2 |
Identity proof: | One valid Identity proof i.e PAN Card, Adhaar Card, Voter ID, Passport | One valid Identity proof i.e PAN Card, Adhaar Card, Voter ID, Passport |
Residence proof: | Passport, Bank Statement, Voter ID | Maintenance bill,Electricity bills |
Bank Statements: | Latest six month Salary slip. | Copy of the latest one-year current and savings account |
Proof of income: | Personal ITR or income statement last year | Tax assessments for the last two years for proof of income |
Business Proof: | - GST Registration Number or shop act license. |
A personal loan is a form of unsecured loan which can be lent from a bank or financial institution if you need funds to pay for your financial needs.
For a wide variety of reasons such as weddings, holidays, education, home renovation, and emergencies, you can use a personal loan from us. Personal loans can help to meet your immediate needs, and can also be used to borrow money for personal expenses that are not so urgent.
Depending on your eligibility we have Personal Loans from a minimum of 5,000 to a maximum of 25,00,000/-.
Your Equated Monthly Instalment is dependent on the amount of the principal loan, the interest rate paid and the duration the loan is taken.
You can use the Personal Loan EMI calculator to choose your EMI amount which is convenient for you.
With dealsofloan, approval on your loan application can be expected in less than some hours.if you meets all the eligibility criteria then loan disbursed within minutes
No, the Dealsofloan is all about visibility and the borrower will track all of the activities on the website.
Yeah, after you apply for a Personal Loan you will cancel your application. There are no penalties for canceling an authorized borrowing order. We will seriously regret however the loss of your support. Please call us at 020-67666000 or write to us at [email protected] and we'll assist you handle your request for cancellation.
You'll receive the amount disbursed into your bank account.
Your credit report is one of the most important factors when it comes to deciding your eligibility for a particular loan.
We provide credit reports for free so you can understand the health of your credit history.
Get Credit Report