Finfree Enterprises follows the Indian Government’s policies while processing a loan application, or for other finance-related services. However, different banks & NBFCs have different eligibility criteria to qualify for a personal loan with them. Listed below are the basic minimum eligibility criteria that are commonly considered by all the financial institutions in our network while providing personal loans to individuals.
The age limit for applying loan is 23 years – 58 years
The applicant should be a legal Indian resident
There should be a permanent address with 6 months stability
An active bank account should be present
Applicant should be earning regular income of >= 30K/Month
Maintain a good credit score of >700*
A Personal loan is a type of an unsecured loan, availed to meet unforeseen, emergency purposes and for genuine financial demands. Be it a medical emergency, buying your wished-for automobile, to pay the educational fees, to fund a holiday trip, to meet wedding expenses, for home improvements, to pay off other smaller debts, or any unexpected expenses, a Personal loan could be the best possible solution to overcome any personal financial issues.
Most personal cash loans are unsecured short-term loans that do not need any collateral to be placed as a guarantee. Since these low rate personal loans do not need any asset as surety, the borrower’s creditworthiness & financial record are considered before providing them.
They are probably the most convenient types of loans that can be availed for personal financial emergencies within a short period of time. Apart from having a relatively quicker processing and turnaround times, personal loans also do not need very complicated paperwork as they require lesser documentation.
Finfree enterprises is now spread across India, avail Personal loans now from anywhere to any bank. Just fill the form up and we will process your request and connect you to our financiers from our network. You can apply conveniently up to 75 lakhs* for a short tenure of 1 – 5 years at reasonable interest rates by a hassle-free process. Although there are not many restrictions imposed on them, it is aforethought to use personal loan funds for genuine purposes. As a thumb rule, fast personal loans should not be availed for purchasing fixed property, to invest in the stock market, or be spent on luxuries.
According to the current rate offered by our network of lenders, you can avail the loan with lowest interest rates from 10.55% to 15.05%. With the lenders taking just 2-3 days’ time for the loan approval, you can get the loan approved once all your submitted documents are verified. You will get your money disbursed within no time.
At Finfree enterprises, we make sure the whole process goes on smoothly from applying for a suitable loan to the disbursal of your amount.
Like the eligibility criteria, different banks need different documents for verification that proves the authenticity of the borrower. At Finfree Enterprises, along with a completely filled-in application form with a recent photograph, you may have to submit a couple of more documents, as needed by the financial institution with which you are applying for a personal loan. Mentioned below are a few documents that should be submitted for the verification process.
Identity Proof - Pan Card / Aadhaar Card / Voter ID card / Driving License / Passport Copy
Current Address Proof - Driving license/ Passport Copy/ Latest Gas Bill / Latest Property Tax Bill / Bank Passbook / Ration Card
Age Proof - Pan Card / Aadhaar Card / Voter ID card / Passport Copy / Any Other Statutory authority Certificate
Bank Statement - Updated Latest 3 Months Statement
Company ID – For Employment Proof
Salary Slip - Last 3 Months
Form 16 - If Required
|Interest rates||10.55% to 15.05%|
|Processing fee||It ranges from 1% - 3% and differs according to the banks|
|Loan Tenure||12 months to 60 months|
|Loan Amount||₹ 15,000 - ₹ 75 lakhs|
|Lock-in period||It differs from the lender to lender|
|Pre-closure charges||It differs from the lender to lender|
|Guarantor Required||It depends on the different conditions|
At Finfree Enterprises, you can easily apply and avail suitable personal loans from our wide range of options to overcome your monetary crisis. Our team ensures that you, as a borrower will not have to go through the complicated processing methods, and have the application approved quickly with prompt transfer of the personal loan funds. Here are a few benefits of choosing personal cash loans from us.
Loan Quantum Of Up To 75 Lakhs*
Unrestricted Preconditions For Usage
Does Not Need Any Collateral
Manageable Repayment Options
Considerable Interest Rates of 10.99%*
Quick Processing & Approvals