Personal Loan Ganesh Capfin
This is an unsecured loan, which means you do not need to provide a collateral to borrow. Banks and financial institutions can offer this loan at a lower interest rate, if you have a good credit score.
Low interest rates - Interest rates on this loan, as compared to repayment of Credit Card or Credit Card Loan is significantly lower. This is especially true in case of larger amounts.
Consolidated debt - One of the best ways of utilising a Personal Loan is consolidating all existing debts. It is wiser to pay off smaller high interest debts such as Student Loans or Credit Cards by opting for a lower interest loan.
Improve credit score - This is especially true in case you have similar types of existing credit. A Personal Loan can prove to be useful in improving your score by adding variety to the types of account you hold.
Basic eligibility criteria
| Requirements | Salaried | Self-Employed |
|---|---|---|
| Age | 21 years to 58 years | 21 years to 65 years |
| Net Monthly Income | Rs.18,000 | Rs.25,000 |
| CIBIL Score | Above 750 | Above 750 |
| Minimum Loan Amount | Rs.100,000 | Rs.100,000 |
| Maximum Loan Amount | Rs.40 lakh | Rs. 1 crore |
Documents Required
- Valid Proof of Applicant's Identity (any one of the following): Voter ID Card/Passport/PAN Card/Driving License
- Proof of Residence (any one of the following): Ration Card/Passport/Utility Bill
- Proof of Age (any one of the following): Voter ID Card/Passport/PAN Card/Driving License
- Income Proof: Latest 3 month's Salary Slips and Form 16.
- Job Continuity Proof: Current Employment Certificate or Current Job Appointment letter and Experience Certificate
- Bank Statement: Latest 6 month's statement from bank
- 1 Passport size color Photograph
- If there are existing loans submit Payment Track Record and sanction letter
- Valid Proof of Applicant's Identity (any one of the following): Voter ID Card/Passport/PAN Card/Driving License
- Proof of Residence (any one of the following): Ration Card/Passport/Utility Bill
- Proof of Age (any one of the following): Voter ID Card/Passport/PAN Card/Driving License
- Office Address Proof: Property Document/Maintenance Bills/Utility Bill
- Proof of ownership of the possessions which are used for business purposes
- Office Ownership Proof: Property Documents/Maintenance Bill/Electricity Bill
- Business Existence Proof: 3 years old Salary Statement/Shop Establishment
- Income Proof: Latest 2 years Income Tax Returns including Computation.
Calculate your loan repayments
Total repayment
₹00.00
You pay a monthly emi : ₹00.00
With total interest of : ₹00.00