PERSONAL LOAN FEATURES & BENEFITS
Allfin Solutions's Personal Loan can help you achieve your dreams of arranging that perfect wedding to visiting your dream holiday destination. The loan can also help in meeting unexpected expenses and medical emergencies too. Over here are some key features.
You can apply for our instant Personal Loans online; we will enable you know if you are eligible within just 2 minutes. You can also make use of our personal loan eligibility calculator and find out if you qualify for a loan.
High Disbursal Amount
Our quick Personal Loan is available for salaried individuals and self-employed professionals. You can borrow from Rs 1 Lakh to Rs 25 Lakhs based on your eligibility.
You can repay your Personal Loan in tenures ranging between 1 and 5 years.*
Borrow more if you need
You can borrow more money by using the top-up facility available for existing users.
PERSONAL LOAN ELIGIBILITY
A Personal Loan can finance your needs without having to wait for capital to accumulate. We establish eligibility criteria for a Personal Loan based on few simple parameters. Your credit score and existing borrowings are also assessed to determine your repayment capacity.
For Self-employed Individuals:
The business must have been in existence for a minimum period of 3 years
The company’s profit after tax (PAT) for the last two years should be positive
Minimum Age: 28 years; Maximum Age: 68 years, at the time of loan maturity
For Salaried Individuals:
Minimum Age: 23 years; Maximum Age: 58 years, at the time of loan maturity
You would need to submit the following documents along with the completed application form:
Photo Identity Proof ( Self-attested copy of any one document)
UID Certificate (Aadhaar Card )
Address Proof ( Self-attested copy of any one document)
Bank account statement
Sale deed/ Property purchase agreement (For owned properties)
Income Proof ( Self-attested copy of any one document)
For Salaried Individuals: Last 3 months/6 months’ bank statement (dependent on the scheme) showing salary credits, Latest Salary Slip for Self-employed Individuals: 2 years' ITR, P&L and Balance Sheet for the last 2 years, Last 6 Months' Bank Statement
Business Proof ( Self-attested copy of any one document )
For Self-employed Individuals: Qualification Certificate/Certificate of Practice (COP), Shop Act License/MOA & AOA/Sales Tax/Vat registration/Partnership Deed
*Requirement of Personal Loan documents might vary according to the scheme chosen.
APPLY FOR PERSONAL LOAN
You can apply for a personal loan online by filling a form on our website. If you apply for a personal loan online, we will inform you about your eligibility instantly.
Our relationship manager will come to your premises to collect the documents for quick business loans.
After your documents have been collected, we will verify your personal loan application; this may involve a personal discussion with you.
Approval & Disbursal
If the reports are satisfactory after verification, your loan will be approved and the money will be deposited in the same bank account for which the statement has been provided.