Personal Loan Scheme

A personal loan is an unsecured loan offered by banks and Non-Banking Financial Companies (NBFCs) to individuals for various personal financial requirements, such as weddings, medical emergencies, travel, or home renovations. The loan amount is repaid in fixed equated monthly installments (EMIs) over a predetermined tenure.

Key Features

Unsecured: Personal loans do not require collateral (like property or gold) or a guarantor.
Flexible End-Use: The borrowed funds can be used for almost any purpose, without specific restrictions, which is a key difference from loans like home or education loans.
Fixed Interest Rates: Most personal loans have a fixed interest rate for the entire tenure, which keeps the EMI amount consistent and predictable.

Flexible Tenure: Repayment periods typically range from 1 to 5 years, with some lenders offering up to 6 or 7 years.
Quick Disbursal: The application process is often entirely digital, with funds sometimes disbursed instantly, especially for existing bank customers with pre-approved offers.

TERM AND SCHEME

TERM

PERSONAL LOAN

UMT LOAN (MONTH WISE FLATE IRR LOAN)

TENURE 12 Months to 36 Months

Loan Amount 15000/- to 50,000/-

Roi – 24 % to 48 % Per annum

Processing fee – 5 %

Share Member fee – 5%

Job incentive – 2-5 % loan Amt

Emi Slab

1085 /- Per M 10,000/-

2170 /- Per M 20,000/-