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Personal Loan

What is personal loan?

A personal loan is a short-term loan to facilitate you with your finances. This payday loan is secured against a future paycheck. These loans have become quite popular today, and now this is the main way to get financial benefit in the form of a cash advance. A personal loan is a type of debt which is made for personal, family, or household use, and which is neither a business loan nor a long-term mortgage loan. The lender loans money to the borrowers. The borrowers pay back this amount, usually but not always in regular installments.

Merits/Pros

Use for a variety of purchases

Consolidate debt

Smooth your cash flow

Boost your credit score

Minimal Documentation

Fast Processing

Documents Required

2 Passport Size Photographs

Aadhar card

PAN Card

Resident proof

Office proof

1 Year Banking Statement (Saving or Current)