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Common Uses of Personal Loans:

Debt consolidation
Home renovations
Medical expenses
Wedding expenses
Unexpected emergencies
Travel expenses

Documents Required for a Personal Loan

While the specific documents required may vary depending on the lender and your individual circumstances, here are some common documents you'll typically need to provide when applying for a personal loan:

Identification Proof: Government-issued photo ID such as a passport, driver's license, or national ID card.

Proof of Residence: Utility bills, rental agreement, or any official document showing your current address.

Proof of Income: Pay stubs, bank statements, or tax returns to verify your employment and income.

Employment Verification: Contact information for your employer or employment verification letter.

Credit History: Authorization for the lender to check your credit report and score.

Financial Statements: Details of your assets, liabilities, and existing debts.

References: Personal or professional references who can vouch for your character and reliability.

Secured personal loans require collateral, such as a car or savings account, whereas unsecured personal loans do not require collateral but may have higher interest rates.

The loan amount depends on various factors, including your credit score, income, and debt-to-income ratio. Lenders typically offer personal loans ranging from a few hundred to several thousand Rupess.

Personal loan terms usually range from one to seven years, but it varies depending on the lender and the loan amount.

Apply instant personal loan online at lowest EMI from Credfy.in that will help you takes care of a variety of financial needs. You can also use it to cover the expenses of any medical emergency.

Credfy.in provides personal loan for women, Government of India employees, different public-sector units (PSUs), as well as teachers and professors.

Moreover, a personal loan also comes in handy in cases like overdue bills, credit card dues, or short-term loans of varying interest rates etc. You can consolidate all your loans into one with personal loan which will help you in managing your installments efficiently.

Credfy.in offers attractive interest rates and a range of benefits that help you in meeting your financial obligations easily. Just fill the online application form and get a loan today.

The documents required for availing loan against property are:

For Salaried Individuals

Identity and residence proof (Aadhar Card, Voter ID Card)

Salary slips of the past three months

Form 16 issued by the present employer

Bank statements of salary account for the previous six months

A cheque covering the administrative costs/processing fees incurred by the bank in processing the application

For Self-Employed Business Persons

Identity and residence proof

Educational certificates

IT Returns of the preceding three years

Bank statements of preceding six months

For Self-Employed Professionals

Identity and residence proof

Certificates that prove the academic qualifications/credentials of the applicant

All registration/licensing certificate pertaining to the profession of the applicant

Business existence proof/business profile details of the applicant

Previous 3 years’ Balance Sheets as well as Profit & Loss Statement of the company

Acknowledged Income Tax statements of the company and self for the previous 3 years

Bank statement of the last six months

What is loan against property?

Loan against property is a type of loan that can be availed by individuals as well as companies in lieu of the existing property. You can avail loan using your property as collateral and repay in easy EMIs over time. Loan against property gives you a wonderful opportunity to raise funds through your property while retaining the ownership.

What types of property can be used as collateral for a loan against property?

Properties that can be used as collateral for the loan are:

Commercial property like hotels, restaurants, office, shops etc.

Residential property like your house, flat etc.

Industrial property like godowns etc.

Alternate property like residential plots, hotels, hospitals etc.

How can I avail Loan Against Property?

All you need to do is fill the above online requisition form and our executive will reach out to you.

How do I know the maximum loan amount that I can get as loan against my property?

You can borrow a loan amount up to 60% of the market value of your property.