Get a Personal Loan of Rs.10 lakh within 24 hours
There are various ways to get financial assistance in time of need. While you may choose to turn to your relatives or even friends if you need a small amount, would you ask them for a loan of Rs. 10 lakhs?
If you need a personal loan of Rs.10 lakh, don’t you think it would be wise to approach a financial institution instead of a family member?
There is many advantages of availing Personal loan online from Finnable:
- Being an unsecured loan, you do not need to keep any asset as security against the loan.
- You can avail of the loan for Rs. 10 lakh within 24 hours.
- You do not need to provide extensive documents to avail of a loan.
- Be it a shopping loan, marriage loan, or education loan, you can apply for it via Finnable’s loan app.
- Before the loan amount is disbursed, you can use the personal loan EMI calculator to know how much EMI you would need to pay monthly on your Rs 10 lakh personal loan.
You also get to choose a flexible repayment schedule to repay the Rs. 10 lakh personal loan EMI.
Eligibility for Personal Loan of Rs.10 lakh
The eligibility criteria to avail of a Rs. 10 lakh personal loan are:
- The applicant has to be a citizen of India.
- You will need to be between the age group of 21 years and 45 years, at the time of application.
- You will be required to show that you have a full-time job either in a government company or a private company.
- The tenure of this job should be more than 3 months.
- Apart from that, you will also need to have a minimum of 6 months of work experience.
- The income received from this job should be more than Rs. 20,000/-
- This income should not be received in cash and must be credited into your bank account directly.
How to apply for a Rs.10 lakh Loan?
You can now apply for a loan through Finnable’s app. The application process is simple:
- Download the personal loan app from Play Store.
- Create your profile. Add your personal and professional details.
- Select the type of loan, enter the amount, choose the personal loan tenure.
- Upload the required documents.
Your documents will be verified instantly and the funds will be credited within 24 hours of verification.
FAQs About 10 Lakh Loan
Finnable offers quick disbursement of the loan amount with a flexible repayment schedule at affordable interest rates. While applying for a 10 lakh rupees loan, you do not need to submit too many documents. Apart from applying for an online loan, you can avail of a short term loan online through their personal loan app.
At the time of application of the personal loan for 10 lakhs, you will need to submit:
- PAN card
- Aadhar card
- Salary slip for 1 months
- Bank statement for 3 months. This statement can be the one that is received by email or can also be downloaded from your net banking.
Being an unsecured loan, you do not need to pledge any collateral or asset against your loan for Rs. 10 lakh
While most lenders ask for a high credit score of 750, you can apply for a long-term loan with a low CIBIL score as well. However, if you are an existing customer with Finnable, you will need to have a minimum credit score of 675.
You can reduce your EMI on your instant personal loan by:
Repaying your loan by choosing a longer repayment tenure. For instance, you can opt for a Rs. 10 lakh personal loan for 5 years instead of 3 years
Opting for a Flexi repayment plan
Negotiating with your lender for a lower personal loan interest rate
Considering a partial or full pre-payment on your small instant loan
While lenders have a pre-decided personal loan interest rate, you get the lowest interest rate by having a high CIBIL score. A high CIBIL score shows the high creditworthiness of the borrower, and lenders tend to disburse loans at low-interest rates to such applicants.
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