PaisaIndian.Co Personal Loans: Features, Benefits, Eligibility Criteria

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PaisaIndian.Co is a leading financial institution in India that offers a range of financial products and services to its customers. One of the products offered by the website  is personal loans, which can be used for a variety of purposes. In this article, we will provide a comprehensive overview of PaisaIndian personal loans, including their features, benefits, eligibility criteria and application process.

Features of Personal Loans from PaisaIndian.Co

  • Loan Amount: The website  offers personal loans ranging from Rs. 50,000 to Rs. 60 lakh, allowing borrowers to choose a loan amount that suits their needs.
  • Repayment Period: The repayment period for PaisaIndian.Co’s personal loans can be anywhere from 1 to 20 years, depending on the borrower’s preference and financial situation.
  • Quick Disbursal: PaisaIndian.Co promises to disburse personal loan amounts within 24 hours of loan approval, which is an important feature for borrowers who need funds quickly.
  • No Collateral: Personal loans from PaisaIndian.Co are unsecured, which means borrowers do not have to provide any collateral to secure the loan.

Benefits of Personal Loans from PaisaIndian.Co

#1. Flexible Repayment Options

PaisaIndian.Co offers flexible repayment options to its personal loan customers, allowing them to choose the best repayment plan to fit their financial situation. Borrowers can choose to pay back the loan in small EMIs over a longer period of time or opt for larger EMIs over a shorter period of time.

#2. Competitive Interest Rates

PaisaIndian.Co offers competitive interest rates on its personal loans, making it an attractive option for borrowers. The interest rate on the loan is determined based on various factors, such as the borrower’s credit score, income and employment stability.

PaisaIndian provide financial guidance up to 60 lakh at a 7% rate of interest with minimum @7.5% & Max. 8.5% APR, and a minimum 1 years to maximum 20 years repayment facility without any processing fees.

The Loan Amount is 10,000, Interest Rate is 7% p.a, and Loan Period is 1 Year. Then the total repayment amount after 1 year is 10,000 + 700(7% ROI) = Rs 10,700


#3. Wide Network 

PaisaIndian.Co has a wide network of branches across India, making it easy for customers to apply for a personal loan. Borrowers can visit any PaisaIndian.Co branch to apply for a loan or get more information about the loan product.

#4. Minimal Documentation

PaisaIndian.Co requires minimal documentation for personal loans, making the loan application process quick and easy. The website  requires borrowers to provide basic personal and financial information, along with proof of income and identity.

Eligibility Criteria for Personal Loans from PaisaIndian.Co

  • Age: The minimum age for personal loan applicants is 21 years and the maximum is 60 years.
  • Employment: PaisaIndian.Co offers personal loans to salaried individuals, self-employed individuals and professionals. Salaried individuals should be employed with a minimum of 2 years of experience, while self-employed individuals and professionals should have been in their respective businesses for at least 5 years.
  • Income: The website  requires applicants to have a minimum monthly income of Rs. 20,000 to be eligible for a personal loan. The income requirement may vary depending on the borrower’s profession and credit score.
  • Credit Score: A good credit score is necessary for loan approval. PaisaIndian.Co considers other factors such as employment stability, income, and payment history when evaluating loan applications.

Application Process for Personal Loans from PaisaIndian.Co

Borrowers can apply for a personal loan from PaisaIndian.Co in two ways:

  1. Apply Online: Borrowers can apply for a personal loan online through the website’s. You will need to provide their personal and financial information. 
  2. Call the Customer Care Center: Borrowers can also call the website ‘s customer care center to apply for a personal loan. The customer care representatives will guide them through the loan application process and answer any questions they may have.

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