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Personal Loan Options
What is a Personal Loan
 A personal loan is an unsecured loan given by
Banks/NBFC’s or any lending institution
 Basic KYC documents and income proof
documents are collected
 Verification is done before the loan is disbursed
How do PL work
 Personal loans are offered by multiple institutions
 Interest on principal as well as higher interest on
delayed payments is a source of revenue for the
Bank
 Banks go aggressive to cater to the personal loan
needs of a customer
How do you get a personal loan
 Approach a Bank directly
 Reach out to a DSA who works with Banks
 Go to an online platform like
https://cashkumar.com for multiple options and
the best offer
 An online platform like Cashkumar helps as basis
your profile, they suggest the best bank all via a
click of a button.
Interest rates & Process
 Personal loan interest rates vary from around
12% upward to around 30%
 This is based on your profile as to where you
work, your salary, the city you stay in and so on
 Based on your eligibility, documents are collected
and processed by a bank
Cities Available
 Personal loan are available in multiple cities such
as
 Mumbai
 Bangalore
 Delhi
 Chennai
 Pune and many more
Quick tips
 Never go for the very first offer for a personal loan
 Read all the points of the agreement
 Check for pre-closure options
 Check on the processing fee
 Check on the TAT

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Personal loan options and how to access them

  • 2. What is a Personal Loan  A personal loan is an unsecured loan given by Banks/NBFC’s or any lending institution  Basic KYC documents and income proof documents are collected  Verification is done before the loan is disbursed
  • 3. How do PL work  Personal loans are offered by multiple institutions  Interest on principal as well as higher interest on delayed payments is a source of revenue for the Bank  Banks go aggressive to cater to the personal loan needs of a customer
  • 4. How do you get a personal loan  Approach a Bank directly  Reach out to a DSA who works with Banks  Go to an online platform like https://cashkumar.com for multiple options and the best offer  An online platform like Cashkumar helps as basis your profile, they suggest the best bank all via a click of a button.
  • 5. Interest rates & Process  Personal loan interest rates vary from around 12% upward to around 30%  This is based on your profile as to where you work, your salary, the city you stay in and so on  Based on your eligibility, documents are collected and processed by a bank
  • 6. Cities Available  Personal loan are available in multiple cities such as  Mumbai  Bangalore  Delhi  Chennai  Pune and many more
  • 7. Quick tips  Never go for the very first offer for a personal loan  Read all the points of the agreement  Check for pre-closure options  Check on the processing fee  Check on the TAT