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Benefits of Personal Loan .
A personal loan offers quick access to funds for various needs like medical emergencies, home renovations, or debt consolidation. It has flexible repayment terms, typically 1-7 years, and fixed interest rates, making budgeting easier. No collateral is required, so you don’t risk losing assets. Approval is fast, often within days, and you can use the money for almost anything without restrictions.
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FOR WHOM WE CAN PROVIDE PERSONAL LOAN
Personal loans can be provided to individuals who meet certain eligibility criteria set by banks or financial institutions. Typically, these include salaried employees, self-employed professionals, or business owners with a stable income. Applicants usually need to be above 21 years old, have a good credit score (generally 750 or higher), and provide proof of income, identity, and address. Some lenders may also consider factors like employment stability or existing debt. Essentially, anyone with a reliable repayment capacity and proper documentation can apply for a personal loan, subject to the lender's terms.
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What credit score do I need to qualify for a personal loan
To qualify for a personal loan, you typically need a credit score of 750 or higher, as this shows lenders you’re reliable with repayments. Some banks or financial institutions may accept scores as low as 650, but a higher score increases your chances of approval and better interest rates. Your credit score reflects your credit history, including timely bill payments and existing debts. If your score is lower, you might still qualify with a stable income or co-applicant, depending on the lender’s criteria. Always check with the specific lender for their minimum score requirement.
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Salaried
What Type Of loan a salaried person can get
A salaried person can access various loans, including personal loans, home loans, car loans, education loans, and gold loans. Personal loans are unsecured and ideal for urgent expenses, while home and car loans are secured, offering lower interest rates for property or vehicle purchases. Education loans support higher studies, and gold loans provide quick funds against gold jewelry. Eligibility depends on income, credit score, and employment stability, with banks and NBFCs offering tailored options.
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what is the max salary the person should have
There is no strict maximum salary limit for a salaried person to be eligible for loans like personal, home, or car loans, as eligibility primarily depends on factors like income, credit score, debt-to-income ratio, and repayment capacity. However, lenders may cap loan amounts based on income multiples (e.g., 15-30 times monthly salary for personal loans) or fixed obligation-to-income ratios (typically 40-55%). Higher salaries generally increase loan eligibility, but excessive existing debts or poor credit can restrict approval, regardless of income
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To Get Loans What's The Age A Salaried Person Should Have
To get a loan, a salaried person typically needs to be at least 21 years old, with most lenders setting the upper age limit around 60-65 years at the time of loan maturity. This varies by lender and loan type, with banks often requiring applicants to be within this age range to ensure repayment capacity during their working years.
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Business
Business Loans – Fast Funding for Your Growing Company
Every business needs capital to grow, whether it's for expansion, inventory, equipment, or managing cash flow. With our fast and flexible business loans, you can secure the funding you need to take your company to the next level—without the long wait times of traditional banks.
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What are the key eligibility criteria to get a business loan in India?
To qualify for a business loan in India, you need to meet certain eligibility criteria set by banks and NBFCs. Here are the key points:
✅ Age Limit: Applicant should be between 21 to 65 years
✅ Business Type: Loans are available for proprietorships, partnerships, LLPs, private limited companies, and other small businesses
✅ Business Vintage: Most lenders require a minimum 1 to 3 years of business operation
✅ Annual Turnover: Must meet the lender's minimum turnover requirement, usually starting from ₹10 lakhs
✅ Credit Score: A minimum CIBIL score of 650 is usually preferred
✅ ITR Filing: Should have filed Income Tax Returns for the last 1–2 years
✅ Documents Required:
PAN Card, Aadhaar
Business Registration Proof
GST Returns
Bank Statements (6–12 months)
ITR and Financial Statements
Getting a business loan without collateral is also possible under schemes like CGTMSE or with good banking history.
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Educational
Educational Loan
An educational loan is a financial aid option designed to help students cover the costs of higher education, including tuition, books, and living expenses. These loans are offered by banks, financial institutions, or government programs with varying interest rates and repayment terms. They enable students to pursue academic goals without immediate financial burdens, with repayment typically starting after completing the course. Choosing the right loan involves comparing interest rates, repayment flexibility, and eligibility criteria to ensure affordability.
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For whom we can provide Eductional Loan
Educational loans can be provided to students pursuing higher education, including undergraduate, postgraduate, or vocational courses, at recognized institutions in India or abroad. Eligible applicants typically include Indian citizens aged 18-35 with a strong academic record and admission to an approved course. Loans can cover tuition fees, accommodation, books, and other education-related expenses, subject to the lender's terms and conditions.
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What is the Age Limit for Eductional Loan
In India, the age limit for an educational loan typically ranges from 16 to 35 years, though this varies by lender. Some banks, like UCO Bank, impose no minimum or maximum age criteria, while others may extend the upper limit for specific schemes or collateral-backed loans. Government programs or certain institutions may also have unique age requirements, so checking with the lender is essential.
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