A personal loan is a short term unsecured loan to meet current financial needs related to vacations, unexpected medical expenses, festival celebrations, renovation or any other financial matters.

1. Types of clients :
A) Salaried Individual
B) Self Employed (Professional)

2. Criteria :
A) If Salaried Individual :

• Minimum Net Monthly Salary -
  
Metro cities : Rs.25,000 and Non-metro cities : Rs.18,000
Subject to bank approval deviations can be taken

• Metro cities : Rs.21,000 and Non-metro cities : Rs.15,000
  
• Company type should be either Private Limited or Public Limited
  
• Rate of Interest varies as per bank norms
  
• Minimum CIBIL Score Required : 700
  
• No EMI Bounces within 6 months
  
• Repayment period: 12 months to 60 months
  
• Loan Amount: 50,000 to 25,00,000
  
• Age Limit - 21 years to 60 years
  

B) If Self Employed (Professional) :

• Minimum net profit per annum -
  Metro cities : Rs.2,50,000
  Non-Metro cities : Rs.1,50,000
• Profession Type: Doctor, Engineers, CA’s Etc.
  
• Rate of Interest varies as per bank norms
  
• Minimum CIBIL Score Required : 700
  
• No EMI Bounces within 6 months
  
• Repayment period: 12 months to 60< months
  
• Loan Amount: 50,000 to 12,00,000
  
• Age Limit - 21 years to 60 years