info@navigantfinance.com
Mon - Sat 10:00 AM - 7:30 PM
+918107414120
Navigant Finance > Services > Loan & Finance > Personal Loan

What is Personal Loan?

Unlock Your Dreams with Personal Loans! Whether it’s a dream vacation, home renovation, or a special wedding, seize the moment without delay. Get hassle-free Personal Loans ranging from Rs. 50,000 to Rs. 50,00,000 with minimal documentation and fast approval from top lenders like Bajaj Finance & Axis Bank. Plus, easily transfer your high-interest Personal Loan to Navigant Finance for better rates. Turn your dreams into reality with swift Personal Loan approvals

Discover the versatility of personal loans, an unsecured option requiring no collateral. Whether it’s for weddings, education, medical emergencies, travel, or home renovations, this flexible solution caters to diverse needs. Available to both salaried individuals and self-employed, personal loans offer competitive interest rates and adaptable repayment plans.

Apply conveniently online or in-person at banks or non-banking finance companies (NBFCs), with processing fees applicable. Lenders evaluate eligibility based on income, credit score, and repayment capacity, often assessing credit reports from bureaus like CIBIL. Once approved, funds are swiftly disbursed into your bank account.

Explore the possibilities of personal loans further on this page, and turn your aspirations into reality with ease.

Highlights of Personal Loans

Explore the features and benefits of personal loans that make them a preferred choice:

  1. Instant Loan Approval & Disbursal: Get approved instantly with required income, credit score, and repayment capacity. Funds are disbursed within hours of sanction.
  2. Greater Loan Amounts: Enjoy higher loan limits, with some lenders offering up to INR 40 lakh or more based on your financial profile.
  3. Flexible Repayment Tenures: Choose from repayment periods ranging from 1 to 5 years, allowing you ample time to repay the loan.
  4. Attractive Interest Rates: Benefit from competitive interest rates starting from 9.85% per annum, reflecting the reduced cost of funds for lenders.
  5. No Collateral/Security Required: Avail a personal loan without submitting collateral, with approval based on income and creditworthiness.
  6. Use Funds as Needed: Utilize the loan amount for various purposes such as weddings, travel, or home renovations, as per your requirements.
  7. Prepayment Option: Enjoy the flexibility to prepay the loan after the first 12 EMIs, either partially or in full, depending on the lender’s policies.

Personal Loan FAQ’s

What is a Personal Loan?

Personal Loan is an unsecured credit provided by financial institutions based on criteria like employment history, repayment capacity, income level, profession and credit history. Personal Loan, which is also known as a consumer loan is a multi-purpose loan, which you can use to meet any of your immediate needs

How does a Personal Loan work?

A personal loan is a loan that does not require collateral or security and is offered with minimal documentation. You can use the funds from this loan for any legitimate financial need. Like any other loan, you must repay it accordance to the agreed terms with the bank.

How to Avoid Rejection of Personal Loan Application?

Maintain a low FOIR. While accepting loan applications, lenders assess various criteria, Maintain a High Credit Score, Keep an eye on your credit utilisation, Pay off your credit card dues on time & Show all your income sources.

What is the best way to apply for a Personal Loan?

The best way to apply is through the online Finserv MARKETS platform. Just fill in your details and check your eligibility.

Copyright © 2024 Navigant Finance by Alpha Technosys.