Personal Loan - Features & Benefits

Last Updated 16th Nov 2019

Personal Loan Online

  • Personal loan interest rate starting @ 10.50 %.
  • Low rates for top corporate employees.
  • Instant, paperless approval from top banks.
  • Lowest EMI per lakh of Rs. 1,878 for 72 Months.
  • Top up and overdraft facility available on personal loan.
  • Part payment facility available on loan.
Apply for Personal Loan @ 10.50%* Get upto ₹ 2,500* Cashback

Personal Loan Application

Whether it’s marriage expense or travel expenditure, personal loans are ideal to meet your short-term financial needs. Also, with no requirement of collateral or security, the documentation required and time to get a personal loan is far less as compared to other loans such as a home loan or car loan. The personal loan amount can range from Rs. 50,000 to Rs. 75 Lakh.

The online loan application process has made it easier and simpler to apply for a personal loan. MyLoanCare.in allows you to apply for the loan in just a few simple steps and connect you to the lender of your choice. With the help of MyLoanCare, you can analyze and compare various personal loan deals offered by top banks and NBFCs in India. We work closely with our partner banks to get the best loan offers, attractive discounts and lower interest rates for you.

How to apply for a personal loan through MyLoanCare?

Here are the simple steps through which you can apply for a personal loan:

  • Step 1: Visit MyLoanCare.in or download the app to check and compare loan offers from top banks and NBFCs in India.
  • Step 2: To apply for personal loan, fill in your personal and occupational details along with loan requirement details.
  • Step 3: Once you fill the form, you can check loan offers online and select the ones that are best suited for you in terms of interest rates, processing fees and eligibility.
  • Step 4: Post this, a MyLoanCare representative from personal loan department will contact you to verify your eligibility and discuss your requirements. Based on the discussion, he will suggest the right banks and loan offers to you and also explain the nest steps to get your loan application processed.
  • Step 5: If you are interested and eligible, he/ she will fix an appointment with the bank for document pick-up and further processing. A bank's representative will contact you and will initiate a verification process.
  • Step 6: After verification of your income and other personal details and based on your credit score and eligibility, the bank will decide to sanction or reject your loan. If sanctioned, you will receive a sanction letter from the bank mentioning the key loan terms including interest rate, processing fees, tenure, prepayment charges.
  • Step 7: Once you receive the sanction letter and you agree to the terms mentioned in the sanction letter, the loan will be disbursed to your bank account.

Before you apply for a personal loan, make sure to check your eligibility to ascertain the right loan amount and tenure based on an assessment of your monthly repayment capacity. You can check your eligibility using the online eligibility calculator on MyLoanCare’s website and then apply for the loan.

Why MyLoanCare???

Nowadays, almost all banks offer attractive schemes on Personal Loan at competitive rates with many customer friendly features. You can do rates comparison, check your eligibility, calculate EMI, apply online and get the best Personal Loan rates. MyLoanCare helps you throughout the loan process from the day you apply to the time you get disbursement. You can register with us, track your loan status on a regular basis and get an option to earn attractive cashbacks and refer and earn benefits.

Personal Loan News - Nov 2019
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More