It is a loan provided by bank or financial institution without asking for any collateral or security in exchange. That’s why it is called an unsecured loan. One can use the funds from a personal loan for any personal purpose like medical, travel, education, marriage.
• KYC documents (address proof, identity proof)
• Latest salary slip
• Latest bank statement
• Salaried employees
• Minimum age of 21 years
• Maximum age of 60 years at loan maturity
• Minimum net monthly income - Rs. 12,000