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Minimum Documentation

Shradda Associates offer minimal documentation procedure for Personal Loan applications for speedy processing and quick disbursal of Loan Amount

Quick and Simple Loan Approval

Benefiting a personal loan is a simple and fast method to the applicants. This sort of loans has built up the popularity of providing endorsements with a straightforward procedure.

Personal Loans

A personal loan is a sort of unsecured loan which does not require any security or different insurances to obtain a loan, and it is valuable for emergency requirements. This credit can get utilized for multipurpose, which incorporates home remodelling, education, wedding, medical needs, travelling, and some more. It doesn't require a specific reason to take the loan, and there is no restriction to obtain the loan. As this kind of loan will always helpful in growing your credit score, it is added as an advantage to the applicants.

Personal Loan Advantages

Minimum Documentation


One of the significant points of interest to candidates while applying a personal loan is less number of documents requires. Because of the digitalization technique, this strategy turned out to be simple, and inspection is done at the earliest opportunity after your document submission.

No collaterals required

The best among the benefits of personal loan is it is unsecured. It implies loan providers won't ask any securities and the applicants don't have to mention the reasons to take a loan. On the off chance that the applicants have the loan eligibility and great credit score, at that point, they get the loan without annoyances.

Quick and Simple Loan Approval

Benefiting a personal loan is a simple and fast method to the applicants. This sort of loans has built up the popularity of providing endorsements with a straightforward procedure.

Utilized for multiple reasons

The most acceptable decision as far as a financial term is a personal loan as the applicants can benefit this credit for various reasons from financing their child education to clearing their obligations.

Personal Loan Eligibility Criteria:

Loan providers will give the advances dependent on the eligibility criteria, which differs from bank to bank depending on their needs and necessities. To benefit a personal loan, the candidate should meet the eligibility criteria. It is suitable for everybody to check their eligibility criteria before appealing for the loan.

  • Age – minimum 23 and maximum 65
  • Employment Type- for Salaried and Self employed
  • Minimum CIBIL score - 650
  • Minimum net income - Rs. 25,000 per month for salaried and Rs. 5 Lakh gross annual receipts for professionals
  • Work Experience – 3 years and above

Documents Required For Personal Loan

For Salaried applicants:

Identity & Age Proof.

Personal loan application with an applicant photograph and PAN Card.

Residence proof - Passport driving license, Voter ID, post-paid/landline bill, utility bills (electricity/water/gas).

Bank statements from the past three months.

Salary Slips from the past three months of the present company.

Form 16 or Income Tax Returns of last 3 years if govt. Employee.

For Self-Employed applicants:

Identity & Age Proof.

Personal loan application with an applicant photograph and PAN Card.

Residence proof - Passport driving license, Voter ID, post-paid/landline bill, utility bills (electricity/water/gas).

Bank statements from the past six months.

Salary Slips from the past three months.

Income Tax Returns of the past three years with computation of Income.

Past three years CA Certified / Audited Balance Sheet and Profit & Loss Account.

EMI calculator


EMI calculator is a major task as it is the aggregate which you will pay each month when you expect to apply for a personal loan. Despite whether the EMI suits your essential or not, all that you need to recognize to benefit an individual credit. It is where a personal loan EMI calculator urges you to obtain the whole you can afford. Below are a portion of the consequences of personal loan.
Monthly Repayments - EMI you will be paying every month.
Total interest payable - Total interest on your loan.
Total amount to pay - The total amount is a sum of principal and interest.

EMI Calculator
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