Personal Loan Services

Personal Loan – Low interest rate personal loans from a wide range of lenders

XCredit provide Personal loans by government & private bank for your personal Purpose. Personal Loan are an unsecured form of credit that is popular to meet immediate requirements. It is multi-purpose in nature and therefore can be used for various purposes including wedding, home renovation, travel purposes and more. Moreover, there is no restriction for the amount borrowed and can be used for any purpose they want. In fact, a personal loan can help you build your credit faster when compared with other forms of credit. This is because of the risk it carries due to being unsecured.

All in all, a personal loan can offset any temporary financial crisis.

Benefits of Personal Loan

• •   Loan covers number of personal Expenses
• •   No collateral required
• •   Easy documentation
• •   Pocket friendly Repayment
• •   Instant disbursal

Personal Loan Eligibility

XCredit give full information about loan eligibility like personal loans are provided by most of the banks/NBFCs but with different eligibility requirements. However, there are certain criteria that are common for all financial institutions. The eligibility criteria to get an online personal loan approval for salaried and self-employed individuals are:

Eligibility Criteria

• •   Age: 21 years - 60 years
• •   Employment Type: (1) Salaried (2) Self-Employed professionals
• •   Credit score: 700 or above with a good credit history
• •   Loan Amount: Up to ₹50 lacs depending on the credit profile
• •   Minimum Net Income (Monthly): ₹20,000 to above

Documents Required for Personal Loan

The common documents required for an online personal loan approval are given below:

For Salaried Individuals

• 1.   Identity & Age Proof
• 2.   Completely filled personal loan application with photograph
• 3.   PAN Card
• 4.   Residence proof - Passport driving licence, Voter ID, postpaid/landline bill, utility bills (electricity/water/gas)
• 5.   Bank statements for the last 3 months(preferably your salary account)
• 6.   Salary Slips of last 3 months
• 7.   Form 16 or Income Tax Returns of last 3 years

For Self-Employed Individuals

• 1.   Identity & Age Proof
• 2.   Completely filled personal loan application with photograph
• 3.   PAN Card
• 4.   Residence proof - Passport driving licence, Voter ID, postpaid/landline bill, utility bills (electricity/water/gas)
• 5.   Bank statements for the last 3 months(preferably your salary account)
• 6.   Salary Slips of last 3 months
• 7.   Last 3 years Income Tax Returns with computation of Income
• 8.   Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account