About Personal Loan

A personal loan is an unsecured loan that does not require collateral. It can be used for various purposes such as marriage, education, medical emergencies, travel, home renovation, or other personal needs. Both salaried and self-employed individuals can apply for this loan, which offers attractive interest rates and flexible repayment options. You can apply online or at a bank or non-banking finance company (NBFC) branch, with a processing fee at applicable rates. The lender will assess your eligibility based on your income, credit score, and repayment potential, pulling your credit report from CIBIL. Once approved, the loan amount will be disbursed to your bank account.

Personal Loan Products

Medical Emergency

Unexpected medical expenses can be overwhelming. Money Zaap provides quick and hassle-free personal loans to cover medical emergencies, ensuring you get the necessary treatment without financial stress.

Wedding Purpose

Make your dream wedding a reality with Money Zaap’s personal loans. Whether it’s venue booking, catering, or honeymoon expenses, we offer flexible loans to ensure your special day is perfect.

Abroad Travel

Planning an international trip? Money Zaap’s personal loans for abroad travel cover all your expenses, from flight tickets to accommodation, so you can explore the world without financial worries.

Child Educations

Invest in your child’s future with Money Zaap’s personal loans for education. Our loans help you cover tuition fees, school supplies, and other educational expenses, ensuring your child receives the best education possible.

Home Renovation

Transform your house into your dream home with Money Zaap’s personal loans for home renovation. Whether it’s a small upgrade or a complete makeover, we provide the funds to enhance your living space.

Other Personal Use

For any other personal needs, Money Zaap offers versatile personal loans. From purchasing gadgets to consolidating debt, our loans are designed to meet various financial requirements with ease.

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Features of Personal Loan

All loans are not created equal, personal loan has become a great option for people to use.

Faster Loan

Get access to quick and hassle-free personal loans with Money Zaap, ensuring you receive the funds you need without long waiting periods.

Choose your amount

Tailor your loan to your specific needs by choosing the amount that best suits your requirements, whether it’s for a major expense or a smaller purchase.

Enjoy the best rates

Benefit from competitive interest rates that make borrowing affordable, helping you manage your finances more effectively.

Decide your tenure

Enjoy flexibility with our personal loans by choosing a repayment tenure that fits your financial situation, making it easier to manage monthly installments.

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Personal Loan - Eligibility

Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a personal loan.

Age

Maximum age of applicant at loan maturity: 60 years

Income

Minimum Net Monthly Income: Rs 15,000

Credit Rating

Applicant should have the bank specified credit score.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

The loan amount depends on your income, repayment capability, and credit score. Different lenders have varying limits, with most banks offering personal loans up to INR 15-20 lakh. Some lenders may provide loans up to INR 50 lakh.

Personal loans are typically available for up to 5 years. However, some lenders, like SBI, may offer loan tenures of up to 6 years.

Personal loans can be processed and disbursed within 3-7 working days.

 Lenders offer personal loans with either flat or reducing balance interest rates. Flat rates apply interest on the initial principal throughout the loan term, while reducing balance rates apply interest on the remaining principal after each EMI payment.

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Now apply for a Car Loan online, All you need to do is provide your details below application form.