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PERSONAL LOAN

Personal loan
ROI – Starting *10.50%

OVER DRAFT
ROI – Starting *11.00%

Balance Transfer
ROI – Starting *10.25%

Personal Loan

Personal Loan

A personal loan is a loan for your personal use, be it your child’s wedding, a dream vacation, or a shopping extravaganza. A personal loan does not require any security or collateral and can be availed without much fuss. Typically personal loans range from Rs. 50,000 to Rs. 30 Lacs with a tenure typically ranging from one to five years. Getting a Personal loan is quite stress free and there are typically a number of offers in the market most of the time.

Personal Loan

Personal Loan in India ROI – Starting *10.50%

A personal loan is a loan for your personal use, be it your child’s wedding, a dream vacation, or a shopping extravaganza. A personal loan does not require any security or collateral and can be availed without much fuss. Typically personal loans range from Rs. 50,000 to Rs. 30 Lacs with a tenure typically ranging from one to five years. Getting a Personal loan is quite stress free and there are typically a number of offers in the market most of the time. Apart from the rate of interest banks also charge some fees which are usually of two types. Once when you are applying for the loan and once when you are pre-closing the loan. The fees when charged at the time of processing called as Processing Fees vary from 2-3% of the loan amount. This could be reduced if you have the ability to bargain. the second charge is the prepayment penalty paid at the time of pre-closure. This too varies from 2 – 3 %. Similar to processing charges, you can also try to get this fees reduced. Personal Loan Eligibility

Personal Loan Amount

An individual can borrow as much as they can repay. This in banking terms would mean a personal loan that has an EMI that does not exceed 40% of your monthly take home income, where the EMIs for existing loans are also deducted.

Personal Loan Interest Rates

Personal loan rates vary from bank to bank, and are anywhere between 14%-26% depending upon your profile and the policies/scheme you decide to opt for. In case you need to find out more about personal loan rates from different banks, please take a look at our compare personal loans page. Andromeda loans works with a wide range of personal loan providers to get you the best deals and interest rates for your financial profile.

How Fast Can I Get a Personal Loan? (Instant Loans)

Personal loans don’t take too long to process. Banks usually disburse your loan within seven working days. However, it is recommended that you keep all your documents ready and in order, especially the post dated cheques (PDC), to avoid any delays. How fast you get your personal loan is dependent on your document collection process.

Personal Loan Eligibility Criteria

Personal loans eligibility criteria can be fairly stringent, considering banks need to mitigate their risk. Most people with a regular source of income such as salaried individuals or self-employed individuals can avail a personal loan. Banks consider salaried individuals, self-employed professionals and self-employed business people.

Age

Most banks will disburse business loans to individuals aged between 24 to 65 years.

Current Business Experience

Banks will prefer that your business has been showing stable signs of growth at least for the last 3 years. If you can show sustained billing and revenues and top it off with profit, getting a business loan should not be a problem for you. Some banks give a loan amount up to 60 to 80% of your median annual profits.

Total Business Experience

A bank will prefer if you have been engaged in sustainable business for atleast 5 years to consider giving you a loan. Your diversity in terms of business experience and so on along with good results will help you acquire your business loan.

REQUIRMENT DOCUMENTS

The following documents are required along with your Business Loan application:

SALE – PROPRITERSHIP FORM

KYC ::
(CO-APPLICENTS KYC REQUIRED IF APPLICANT IS LESS THEN 25 YEAR MORE THEN 60 YEAR , IF APPLICANT IS FEMAL)
  • ID PROFF – PAN CARD
  • ADDRESS PROFF – ADHAR CARD / PASPORT / UTILITY BILL / VOTER CARD (Any of one)
  • PASPORT SIZE PHOTO
OWNERSHIP ::
  • ELECT BILL / WATER BILL / HOSE TAX RECEPT / GAS LINE BILL
BUSINESS DOCUMENTS :: REGISTRATION + VINTAGE + ADDRESS PROFF –
  • GST CERTIFICATE- COMPALSORY
  • TIN NO
  • CURRENT ACCOUNT- (AS ADDRESS PROFF ONLY)
INCOME DOCUMENTS ::
  • LAST 2 YEAR- ITR & COMPUTATION
  • LAST 2 YEAR – PROFITS & LOSS AND BALANCE SHEET
  • LAST YEAR – DEBATERS & CREDITORS REPORT
  • LAST 2 YEAR – AUDIT REPORTS , 3CB & 3CD – IF BUSINESS TOURN OVER MORE THEN 2 CR OR FORM AUDITED
BANK STATEMENTS ::
  • LAST UPDATED 12 MONTHS ALL CURENT BANK STATEMENTS IN PDF FORMET

PARTNERSHIP & PRIVET LIMITED FORM

COMPANY KYC ::
  • COMPANY PAN CARD
  • 51% SHARE HOLDING LIST
  • IOC , MOA OR PARTNERSHIP DEED
ALL - DIRECOTERS OR PARTNERS KYC ::
  • ID PROFF – PAN CARD
  • ADDRESS PROFF – ADHAR CARD / PASPORT / UTILITY BILL / VOTER CARD (Any of one)
  • PASPORT SIZE PHOTO
51% SHARE HOLDING DIRECOTERS OR PARTNERS INCOME DOCUMENTS ::
  • LAST 2 YEAR- ITR & COMPUTATION
  • LAST 2 YEAR - PROFIT & LOSS AND BALANCE SHEET
ANEY OF ONE DIRECTOR OR PARTNER OWNERSHIP PROFF ::
  • ELECT BILL / WATER BILL / HOSE TAX RECEPT / GAS LINE BILL
BUSINESS DOCUMENTS :: REGISTRATION + VINTAGE + ADDRESS PROFF –
  • GST CERTIFICATE- COMPALSORY
  • TIN NO
  • CURRENT ACCOUNT- (AS ADDRESS PROFF ONLY)
COMPANY INCOME DOCUMENTS ::
  • LAST 2 YEAR- ITR & COMPUTATION
  • LAST 2 YEAR - PROFIT & LOSS AND BALANCE SHEET
  • LAST YEAR – DEBATERS & CREDITORS REPORT
  • LAST 2 YEAR – AUDIT REPORTS , 3CB & 3CD
BANK STATEMENTS ::
  • LAST UPDATED 12 MONTHS ALL CURENT BANK STATEMENTS IN PDF FORMET

Loan ?


A bank loan may be obtained from a bank and may be either secured or unsecured. For secured loans, banks will require collateral, which may be lost if repayments are not made. The bank will probably wish to see the business’s accounts, balance sheet and business plan, as well as studying the principals' credit histories. Many smaller businesses are now however turning towards Alternative Finance Providers, especially in the case of smaller firms.

Loans from credit unions may be referred to as bank loans as well. Business loans from credit unions received the second highest level of satisfaction from borrowers after loans from small banks

Start 15% 2+0.50% 50 lakh 36 month Apply now
Start 15% 2+0.50% 50 lakh 36 month Apply now
Start 15% 2+0.50% 50 lakh 36 month Apply now
Start 15% 2+0.50% 30 lakh 36 month Apply now
Start 15% 2+0.50% 40 lakh 36 month Apply now
Start 17% 2+0.50% 30 lakh 36 month Apply now
Start 16% 2+0.50% 30 lakh 36 month Apply now
Start 14% 2+0.50% 35 lakh 36 month Apply now
Start 19% 2+0.50% 20 lakh 36 month Apply now
Start 19% 2+1% 30 lakh 36 month Apply now
Start 20% 2+0.50% 10 lakh 36 month Apply now
Start 15% 2+0.50% 50 lakh 36 month Apply now
Start 16% 2+0.50% 30 lakh 36 month Apply now

Personal Loan

Personal Loan

A personal loan is a loan for your personal use, be it your child’s wedding, a dream vacation, or a shopping extravaganza. A personal loan does not require any security or collateral and can be availed without much fuss. Typically personal loans range from Rs. 50,000 to Rs. 30 Lacs with a tenure typically ranging from one to five years. Getting a Personal loan is quite stress free and there are typically a number of offers in the market most of the time.

Personal Loan

OVER DRAFT ROI – Starting *11.00%

A personal loan is a loan for your personal use, be it your child’s wedding, a dream vacation, or a shopping extravaganza. A personal loan does not require any security or collateral and can be availed without much fuss. Typically personal loans range from Rs. 50,000 to Rs. 30 Lacs with a tenure typically ranging from one to five years. Getting a Personal loan is quite stress free and there are typically a number of offers in the market most of the time. Apart from the rate of interest banks also charge some fees which are usually of two types. Once when you are applying for the loan and once when you are pre-closing the loan. The fees when charged at the time of processing called as Processing Fees vary from 2-3% of the loan amount. This could be reduced if you have the ability to bargain. the second charge is the prepayment penalty paid at the time of pre-closure. This too varies from 2 – 3 %. Similar to processing charges, you can also try to get this fees reduced. Personal Loan Eligibility

Personal Loan Amount

An individual can borrow as much as they can repay. This in banking terms would mean a personal loan that has an EMI that does not exceed 40% of your monthly take home income, where the EMIs for existing loans are also deducted.

Personal Loan Interest Rates

Personal loan rates vary from bank to bank, and are anywhere between 14%-26% depending upon your profile and the policies/scheme you decide to opt for. In case you need to find out more about personal loan rates from different banks, please take a look at our compare personal loans page. Andromeda loans works with a wide range of personal loan providers to get you the best deals and interest rates for your financial profile.

How Fast Can I Get a Personal Loan? (Instant Loans)

Personal loans don’t take too long to process. Banks usually disburse your loan within seven working days. However, it is recommended that you keep all your documents ready and in order, especially the post dated cheques (PDC), to avoid any delays. How fast you get your personal loan is dependent on your document collection process.

Personal Loan Eligibility Criteria

Personal loans eligibility criteria can be fairly stringent, considering banks need to mitigate their risk. Most people with a regular source of income such as salaried individuals or self-employed individuals can avail a personal loan. Banks consider salaried individuals, self-employed professionals and self-employed business people.

Age

Most banks will disburse business loans to individuals aged between 24 to 65 years.

Current Business Experience

Banks will prefer that your business has been showing stable signs of growth at least for the last 3 years. If you can show sustained billing and revenues and top it off with profit, getting a business loan should not be a problem for you. Some banks give a loan amount up to 60 to 80% of your median annual profits.

Total Business Experience

A bank will prefer if you have been engaged in sustainable business for atleast 5 years to consider giving you a loan. Your diversity in terms of business experience and so on along with good results will help you acquire your business loan.

REQUIRMENT DOCUMENTS

The following documents are required along with your Business Loan application:

SALE – PROPRITERSHIP FORM

KYC ::
(CO-APPLICENTS KYC REQUIRED IF APPLICANT IS LESS THEN 25 YEAR MORE THEN 60 YEAR , IF APPLICANT IS FEMAL)
  • ID PROFF – PAN CARD
  • ADDRESS PROFF – ADHAR CARD / PASPORT / UTILITY BILL / VOTER CARD (Any of one)
  • PASPORT SIZE PHOTO
OWNERSHIP ::
  • ELECT BILL / WATER BILL / HOSE TAX RECEPT / GAS LINE BILL
BUSINESS DOCUMENTS :: REGISTRATION + VINTAGE + ADDRESS PROFF –
  • GST CERTIFICATE- COMPALSORY
  • TIN NO
  • CURRENT ACCOUNT- (AS ADDRESS PROFF ONLY)
INCOME DOCUMENTS ::
  • LAST 2 YEAR- ITR & COMPUTATION
  • LAST 2 YEAR – PROFITS & LOSS AND BALANCE SHEET
  • LAST YEAR – DEBATERS & CREDITORS REPORT
  • LAST 2 YEAR – AUDIT REPORTS , 3CB & 3CD – IF BUSINESS TOURN OVER MORE THEN 2 CR OR FORM AUDITED
BANK STATEMENTS ::
  • LAST UPDATED 12 MONTHS ALL CURENT BANK STATEMENTS IN PDF FORMET

PARTNERSHIP & PRIVET LIMITED FORM

COMPANY KYC ::
  • COMPANY PAN CARD
  • 51% SHARE HOLDING LIST
  • IOC , MOA OR PARTNERSHIP DEED
ALL - DIRECOTERS OR PARTNERS KYC ::
  • ID PROFF – PAN CARD
  • ADDRESS PROFF – ADHAR CARD / PASPORT / UTILITY BILL / VOTER CARD (Any of one)
  • PASPORT SIZE PHOTO
51% SHARE HOLDING DIRECOTERS OR PARTNERS INCOME DOCUMENTS ::
  • LAST 2 YEAR- ITR & COMPUTATION
  • LAST 2 YEAR - PROFIT & LOSS AND BALANCE SHEET
ANEY OF ONE DIRECTOR OR PARTNER OWNERSHIP PROFF ::
  • ELECT BILL / WATER BILL / HOSE TAX RECEPT / GAS LINE BILL
BUSINESS DOCUMENTS :: REGISTRATION + VINTAGE + ADDRESS PROFF –
  • GST CERTIFICATE- COMPALSORY
  • TIN NO
  • CURRENT ACCOUNT- (AS ADDRESS PROFF ONLY)
COMPANY INCOME DOCUMENTS ::
  • LAST 2 YEAR- ITR & COMPUTATION
  • LAST 2 YEAR - PROFIT & LOSS AND BALANCE SHEET
  • LAST YEAR – DEBATERS & CREDITORS REPORT
  • LAST 2 YEAR – AUDIT REPORTS , 3CB & 3CD
BANK STATEMENTS ::
  • LAST UPDATED 12 MONTHS ALL CURENT BANK STATEMENTS IN PDF FORMET

Loan ?


A bank loan may be obtained from a bank and may be either secured or unsecured. For secured loans, banks will require collateral, which may be lost if repayments are not made. The bank will probably wish to see the business’s accounts, balance sheet and business plan, as well as studying the principals' credit histories. Many smaller businesses are now however turning towards Alternative Finance Providers, especially in the case of smaller firms.

Loans from credit unions may be referred to as bank loans as well. Business loans from credit unions received the second highest level of satisfaction from borrowers after loans from small banks

Start 15% 2+0.50% 50 lakh 36 month Apply now
Start 15% 2+0.50% 50 lakh 36 month Apply now
Start 15% 2+0.50% 50 lakh 36 month Apply now
Start 15% 2+0.50% 30 lakh 36 month Apply now
Start 15% 2+0.50% 40 lakh 36 month Apply now
Start 17% 2+0.50% 30 lakh 36 month Apply now
Start 16% 2+0.50% 30 lakh 36 month Apply now
Start 14% 2+0.50% 35 lakh 36 month Apply now
Start 19% 2+0.50% 20 lakh 36 month Apply now
Start 19% 2+1% 30 lakh 36 month Apply now
Start 20% 2+0.50% 10 lakh 36 month Apply now
Start 15% 2+0.50% 50 lakh 36 month Apply now
Start 16% 2+0.50% 30 lakh 36 month Apply now

Personal Loan

Personal Loan

A personal loan is a loan for your personal use, be it your child’s wedding, a dream vacation, or a shopping extravaganza. A personal loan does not require any security or collateral and can be availed without much fuss. Typically personal loans range from Rs. 50,000 to Rs. 30 Lacs with a tenure typically ranging from one to five years. Getting a Personal loan is quite stress free and there are typically a number of offers in the market most of the time.

Balance Transfer

Personal Loan

Balance Transfer – Starting *10.25%

A personal loan is a loan for your personal use, be it your child’s wedding, a dream vacation, or a shopping extravaganza. A personal loan does not require any security or collateral and can be availed without much fuss. Typically personal loans range from Rs. 50,000 to Rs. 30 Lacs with a tenure typically ranging from one to five years. Getting a Personal loan is quite stress free and there are typically a number of offers in the market most of the time. Apart from the rate of interest banks also charge some fees which are usually of two types. Once when you are applying for the loan and once when you are pre-closing the loan. The fees when charged at the time of processing called as Processing Fees vary from 2-3% of the loan amount. This could be reduced if you have the ability to bargain. the second charge is the prepayment penalty paid at the time of pre-closure. This too varies from 2 – 3 %. Similar to processing charges, you can also try to get this fees reduced. Personal Loan Eligibility

Personal Loan Amount

An individual can borrow as much as they can repay. This in banking terms would mean a personal loan that has an EMI that does not exceed 40% of your monthly take home income, where the EMIs for existing loans are also deducted.

Personal Loan Interest Rates

Personal loan rates vary from bank to bank, and are anywhere between 14%-26% depending upon your profile and the policies/scheme you decide to opt for. In case you need to find out more about personal loan rates from different banks, please take a look at our compare personal loans page. Andromeda loans works with a wide range of personal loan providers to get you the best deals and interest rates for your financial profile.

How Fast Can I Get a Personal Loan? (Instant Loans)

Personal loans don’t take too long to process. Banks usually disburse your loan within seven working days. However, it is recommended that you keep all your documents ready and in order, especially the post dated cheques (PDC), to avoid any delays. How fast you get your personal loan is dependent on your document collection process.

Personal Loan Eligibility Criteria

Personal loans eligibility criteria can be fairly stringent, considering banks need to mitigate their risk. Most people with a regular source of income such as salaried individuals or self-employed individuals can avail a personal loan. Banks consider salaried individuals, self-employed professionals and self-employed business people.

Age

Most banks will disburse business loans to individuals aged between 24 to 65 years.

Current Business Experience

Banks will prefer that your business has been showing stable signs of growth at least for the last 3 years. If you can show sustained billing and revenues and top it off with profit, getting a business loan should not be a problem for you. Some banks give a loan amount up to 60 to 80% of your median annual profits.

Total Business Experience

A bank will prefer if you have been engaged in sustainable business for atleast 5 years to consider giving you a loan. Your diversity in terms of business experience and so on along with good results will help you acquire your business loan.

REQUIRMENT DOCUMENTS

The following documents are required along with your Business Loan application:

SALE – PROPRITERSHIP FORM

KYC ::
(CO-APPLICENTS KYC REQUIRED IF APPLICANT IS LESS THEN 25 YEAR MORE THEN 60 YEAR , IF APPLICANT IS FEMAL)
  • ID PROFF – PAN CARD
  • ADDRESS PROFF – ADHAR CARD / PASPORT / UTILITY BILL / VOTER CARD (Any of one)
  • PASPORT SIZE PHOTO
OWNERSHIP ::
  • ELECT BILL / WATER BILL / HOSE TAX RECEPT / GAS LINE BILL
BUSINESS DOCUMENTS :: REGISTRATION + VINTAGE + ADDRESS PROFF –
  • GST CERTIFICATE- COMPALSORY
  • TIN NO
  • CURRENT ACCOUNT- (AS ADDRESS PROFF ONLY)
INCOME DOCUMENTS ::
  • LAST 2 YEAR- ITR & COMPUTATION
  • LAST 2 YEAR – PROFITS & LOSS AND BALANCE SHEET
  • LAST YEAR – DEBATERS & CREDITORS REPORT
  • LAST 2 YEAR – AUDIT REPORTS , 3CB & 3CD – IF BUSINESS TOURN OVER MORE THEN 2 CR OR FORM AUDITED
BANK STATEMENTS ::
  • LAST UPDATED 12 MONTHS ALL CURENT BANK STATEMENTS IN PDF FORMET

PARTNERSHIP & PRIVET LIMITED FORM

COMPANY KYC ::
  • COMPANY PAN CARD
  • 51% SHARE HOLDING LIST
  • IOC , MOA OR PARTNERSHIP DEED
ALL - DIRECOTERS OR PARTNERS KYC ::
  • ID PROFF – PAN CARD
  • ADDRESS PROFF – ADHAR CARD / PASPORT / UTILITY BILL / VOTER CARD (Any of one)
  • PASPORT SIZE PHOTO
51% SHARE HOLDING DIRECOTERS OR PARTNERS INCOME DOCUMENTS ::
  • LAST 2 YEAR- ITR & COMPUTATION
  • LAST 2 YEAR - PROFIT & LOSS AND BALANCE SHEET
ANEY OF ONE DIRECTOR OR PARTNER OWNERSHIP PROFF ::
  • ELECT BILL / WATER BILL / HOSE TAX RECEPT / GAS LINE BILL
BUSINESS DOCUMENTS :: REGISTRATION + VINTAGE + ADDRESS PROFF –
  • GST CERTIFICATE- COMPALSORY
  • TIN NO
  • CURRENT ACCOUNT- (AS ADDRESS PROFF ONLY)
COMPANY INCOME DOCUMENTS ::
  • LAST 2 YEAR- ITR & COMPUTATION
  • LAST 2 YEAR - PROFIT & LOSS AND BALANCE SHEET
  • LAST YEAR – DEBATERS & CREDITORS REPORT
  • LAST 2 YEAR – AUDIT REPORTS , 3CB & 3CD
BANK STATEMENTS ::
  • LAST UPDATED 12 MONTHS ALL CURENT BANK STATEMENTS IN PDF FORMET

Loan ?


A bank loan may be obtained from a bank and may be either secured or unsecured. For secured loans, banks will require collateral, which may be lost if repayments are not made. The bank will probably wish to see the business’s accounts, balance sheet and business plan, as well as studying the principals' credit histories. Many smaller businesses are now however turning towards Alternative Finance Providers, especially in the case of smaller firms.

Loans from credit unions may be referred to as bank loans as well. Business loans from credit unions received the second highest level of satisfaction from borrowers after loans from small banks

Start 15% 2+0.50% 50 lakh 36 month Apply now
Start 15% 2+0.50% 50 lakh 36 month Apply now
Start 15% 2+0.50% 50 lakh 36 month Apply now
Start 15% 2+0.50% 30 lakh 36 month Apply now
Start 15% 2+0.50% 40 lakh 36 month Apply now
Start 17% 2+0.50% 30 lakh 36 month Apply now
Start 16% 2+0.50% 30 lakh 36 month Apply now
Start 14% 2+0.50% 35 lakh 36 month Apply now
Start 19% 2+0.50% 20 lakh 36 month Apply now
Start 19% 2+1% 30 lakh 36 month Apply now
Start 20% 2+0.50% 10 lakh 36 month Apply now
Start 15% 2+0.50% 50 lakh 36 month Apply now
Start 16% 2+0.50% 30 lakh 36 month Apply now
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