Personal Loan
What is a Personal Loan?
A personal loan is an unsecured loan that lets you borrow money for various personal needs — like medical emergencies, weddings, travel, education, home renovation, or debt consolidation. Unlike secured loans, it doesn’t require collateral or any asset as security.
These loans are typically approved quickly with minimal paperwork and flexible repayment options, usually in fixed monthly installments. Interest rates can be fixed or reducing, depending on the lender.
Because there’s no collateral, lenders base approval mainly on your credit score and income. Timely repayments can improve your credit rating. Personal loans offer the freedom to use funds without restrictions and often come with options like top-ups and prepayment without penalties.
Key Features :
- No Collateral Needed: You don’t have to pledge any property or asset.
- Quick Disbursal: Funds are often disbursed within 24–48 hours after approval.
- Flexible Tenure: Repayment options generally range from 12 to 60 months.
- Interest Options: Choose between fixed interest rates or reducing balance rates.
Why Choose a Personal Loan ?
- Immediate Access to Funds when you need them.
- No Restrictions on how you use the loan amount.
- Improves Your Credit Score when repayments are timely.
- Top-Up Loan Options to borrow additional funds later.
Eligibility Criteria (General) :
- Age: Between 21 and 60 years.
- Employment: Salaried or self-employed individuals.
- Income: Minimum monthly income as per lender’s guidelines.
- Credit Score: Preferably 650 or above for easier approval.
Why Take People
Loan from Wealth Finversity
Instant approval & disbursal
Easy online process for loan sanction and fast disbursal within 24–36
hours quick, secure, and hassle-free.
Flexible Repayment Option
Flexibility to switch to EMI-free loans, enhance limits, or repay
faster after 6 months.
Higher Loan Amount
Option to choose from amount ranging from INR 50,000 to INR 10,00,000
basis your requirement.
Longer Loan Tenure
Flexibility to choose longer loan tenure from 6 months to 60 months
making EMIs more affordable.
Minimum documents
We collect only the basic minimum documents required for all our
custom, hassle-free personal loan products.
Transparent Process
No hidden charges, no pre-payment charges, and secured, transparent,
and trustworthy processes.
