A personal loan is a one stop solution to all of your needs right from financing a big fat wedding to funding your child's higher studies and also to fund a vacation abroad. Since this is an unsecured loan, you do not need to keep any kind of a mortgage or collateral to avail a personal loan. You will need to submit proof of identity, employment, income and few documents that will prove your eligibility.
Once you clear the eligibility criteria, you can apply for a personal loan. Your major benefit of applying via Ruloans is our easy to use web portal that gives the user a hassle free experience. You can upload your documents online to fasten the process. At Ruloans, we always help our customers borrow right. Let us help you get the best personal loan.
Minimum Age of the applicant - 21
Amount (Min and Max) - 75,000 to 30,00,000*
Annual Percentage (Min and Max) - 10.65% - 33%*
Tenure - 12-60 months*
1. How a personal loan can start afresh in Mumbai - http://blog.ruloans.com/how-a-personal-loan-can-help-start-afresh-in-mumbai/
2. Importance of paying off your personal loan quickly - http://blog.ruloans.com/the-importance-of-paying-off-your-personal-loan-quickly/
3. Personal Loan to Rainproof your home this monsoon - http://blog.ruloans.com/personal-loan-to-rainproof-your-home-this-monsoon/
4. Important mistakes to avoid before taking a personal loan - http://blog.ruloans.com/important-mistakes-to-avoid-before-taking-a-personal-loan/
5. Personal Loan for a Single Parent - http://blog.ruloans.com/personal-loan-for-a-single-parent/
Yes, banks do charge a processing fee of 2-3% on the loan amount. But you can negotiate with the bank to reduce the fee.
Personal loans can be prepaid in parts or fully at any point of time. Some banks charge a prepayment penalty while some don't. Very few banks allow the part-prepayment. Thus read all the loan documents carefully before signing.
Yes, you can club your spouse's income in order to boost your eligibility to get a personal loan.