About Personal Loan

Every individual has requirements for funds for marriage, education, medical emergencies, household expense, renovation etc. Personal loan come as a boon here to meet your short term financial requirements.

Bank/NBFC quotes might look attractive but can often be confusing and may not give a true picture of which business loan suits you best. There are various components of a deal like rate of interest, loan amount, processing fees, minimum cut-off credit score norms, minimum income norms etc. All these components have to be assessed in totality to get a great deal.

We are here to help all our customers to get special offers from all the Banks / NBFCs by negotiating on behalf of our customers to get the best deal on rate of interest, loan amount and processing fees to name a few from the convenience of your home, anytime and anywhere.


To know more, contact our ezyMoni loan counsellors on 8225 89 89 89 or give us a missed call on 8302 116 116

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Types of personal loan

Fresh personal Loan

Avail fresh unsecured personal loan for a loan amount of upto Rs.45 Lacs and a tenure of upto 5 years at fair interest rates and adjustable repayment terms.Fast sanction, personalised service and absolute transparency in the deal is what we can assure you of.

Top-up Loan

Already served a fairly good term on an existing personal loan ? - avail top-up on the same to meet your short term requirement at very attractive rates.

Balance Transfer

Finding the interest rates on the higher side ? and further if you are looking for an additional loan amount to meet your short term requirement, we can help you basis your strong repayment track records.

Special segment loan

Special offers and programs for select segments like Government employees, armed force & police, employees of private limited companies / partnership firms etc. Connect with us for more details.

ezyMoni for all your Personal loan needs...

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Features of Personal Loan

Personal loans are primarily the quickest loans with ease of access for all the salaried segments.

No collateral required

No collateral is required for availing the facility thus Ensures Quick processing and disbursments of loan.

Special Preapproved Loan

Pre-approved loans for select segments - Pls connect with our loan councellors to find out your eligibility under pre-approved loans.

Special program for select segments

Special offers and programs for select segments like Kirana Shops, dairy, Medical distribution channels, FMCG, Food grain etc. Connect with us for more details.

Minimum paper work and flexible repayment options

With minimal paperwork & flexible repayment options, more & more business owners are leaning on business loan to fund the business need

Personal Loan - Eligibility

- If you are a salried person working with government department / private organisation, you can apply for loan. Following are some of the eligiblity criteria. Please connect with our loan councellors for further details.

Age

- Minimum age of applicant is 21 years

- Maximum age of applicant is 60 years at a time of loan maturity

Income

Net monthly income of Rs.15000/-

Credit Rating

- Bureau score of 750 or more.

documents required

These are some of the basic documents required for appraising your proposal. You an talk to our loan councellors if you seek any clarification.

Documents for Individuals Salaried / Self employed Professionals

Documents for Non Individuals - Proprietorship / Partnership / Private Limited Co

Frequently Ask Questions

Here are the answers to some of the questions that usually people ask. Talk to our loan councellors if your questions are not appearing here.

All the banks will have different loan products and according to policy interest rates will vary. Most of banks offer featured Personal Loans with low Interest rates. It also vary depending on each individual’s eligibility criteria. Generally interest rates start at 10% to 18% in yearly reducing rates.

Customers can avail personal loan as much as his repaying capacity. Normally all of the banks has some specific loan calculation parameters. As per the parameters, banks calculate one’s loans eligibility. Generally in India banks are trending on EMI of loan. Normally it can go beyond 60% of net take home salary. The personal loan amount you are eligible for is also dependent on some other important factors like the bank wise company category listing for the same bankers and the banking credit history in last few years.

No, the documentation process may differ across lenders. You may have to provide additional documents if and when required during the personal loan application process. The documents listed above are only indicative and may be subject to change in line with the regulatory guidelines of RBI.

The turnaround time depends on the documentation process. If you ensure the KYC documents, income proof, and duly filled application form are submitted without any errors then the documentation and verification processes will be done without any delay or hassle. Once the verification process is completed successfully, the loan application will be approved immediately, and a loan agreement will be drafted for you to sign.

You have to submit photocopies of your KYC documents to the lender. However, it is advisable to carry the original documents with you to the bank so that the executive can cross-check the photocopies with the original documents. You don’t have to submit your original KYC documents to the lender but carry recent 2-3 passport-size photographs to be submitted along with the application form.

Yes, if you require more money from your individual loan eligibility than you have to add co-applicant for enhancement your loan eligibility. But as per the banking laws, for any of unsecured loans the co-applicant can be only be your spouse. It is the most preferable way for all customers. This can help you increase the loan repaying capacity as well the enhance loan amount which you are eligible for as the addition of the income of the co-applicant is also taken into consideration.

Any customer who has taken any loans or credit cards from any of the reputed financial institution, is provided a unique number and it is called control number CIBIL. It is basically a record of your past repayment history of all financial transactions done with any of the banks or Financial Institution. Also, the score provided by Credit Information Bureau (India) Limited (CIBIL) is the body or institution which provides the credit score of every customer, where all detailed data from all the banks on existing loans and their loans repayment tenure and paying patterns of their customers are accumulated. All the banks do the credit check by pulling out the bureau score from CIBIL before approving a loan.

ezyMoni services comes to you totally free of charge in the case of Personal Loan, Business loan, Home loan & Mortgage loan.

At ezyMoni, we assure you that we will never share your data with any third party other than the financial institution that you decide to apply to for the financial products. Our dedication and commitment level is very strong and our company’s technology practices ensure a highly secured environment for all your data.ezyMoni services comes to you totally free of charge in the case of Personal Loan, Business loan, Home loan & Mortgage loan.

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