What are Personal Loans
An individual can apply for a Personal loan – an unsecured loan, that can be applied for at a bank or a non-banking financial company (NBFC), to meet short term financial needs without having to pledge for any security or collateral
This article will help you understand the process to apply for a Personal Loan online via reliancesmartmoney.com along with the interest rates.
Process to Apply for Personal Loan
You can apply for Personal Loan online via reliancesmartmoney.com with multiple Personal Loan providers.
Their interest rates, loan term, loan amount are different depending on individual requirements.
List of documents required for Online Personal Loan application process are
- PAN Card
- Salary Slip (Latest)
- Latest Bank Statement with Salary Credit
- Photograph
- Address Proof – Utility Bills, Passport, Voter ID, Driving Licence, Aadhaar Card
- Employee Badge
Personal Loan Interest Rates
Interest rates vary as per the loan amount. Depending on the eligibility criteria one can apply for a specific amount of Personal Loan and the interest rate is applicable accordingly.
The Personal Loan providers via reliancesmartmoney.com have the following interest rates:
LOAN TERM | INTEREST RATES | |
Kotak Bank Personal Loan | 12-60 Months | 10.99% – 24% p.a |
HDFC Bank Personal Loan | 12-60 Months | 15.00% – 20.99% p.a |
Advantages of taking a Personal Loan
As an individual you take care of your finances by investing responsibly for a secured future, leisure and vacations, emergencies etc. However, for certain needs which are still beyond your financial plans, personal loan can act as the cushion. They can take care of any financial need, are processed faster with requirement of fewer documents. The process is comparatively simple and fast.
To list down a few personal loan benefits:
