Best Personal Loan Apply Online From Private Financer in Delhi NCR

Overview

Nearly 3 million Indians from all over the country, and all walks of life, trust Finway Capital as their partner to fulfil a host of needs. In all of these partnerships, we have promised and delivered the best value for money, with transparency and simplicity.

We believe that when your needs are met, you are motivated to move ahead in life with passion and confidence. We strive to make your journey fruitful at every step with tailor-made solutions, and the simplest process.

A personal loan is an unsecured loan, which can be used for many purposes. You can effectively turn your dream into reality by opting for our personal loan. Now you can take that vacation that has been delayed for long, or renovate your home, or even buy that dream car. It is commonly used to meet such financial needs as debt consolidation, wedding expenses, unexpected medical costs, home renovation and others. Flexibility of usage, minimal documentation and quick processing make personal loan a preferred financing option. Unlike other loans, it usually has a shorter repayment tenure ranging from 1-5 years. Depending upon the individual applicant's profile, the APR (Annual Percentage Rate) of a personal loan may vary from 11.29% to 35%.

Advantages

Finway Capital's personal loans with a personal touch!

Finding the perfect personal loan for you is the first, most important step. We at Finway Capital work tirelessly to exceed your expectations, and simplify all that you need to know. Whether you are looking at managing debt or dealing with an unexpected expense, we are right there when you need a timely solution. With simple and convenient processes, you can apply for an instant personal loan online. Personal Loans from Finway Capital come with several benefits and features, including minimal documentation, flexible repayment, quick disbursals, and maximum value for money.

Personal loans up to ‘25 Lakh’* - an instant solution to help you plan for expected and unexpected expenses
Flexible and Attractive Interest Rates - We take the time to understand, listen and suggest the best loan option for you. We offer customised personal loan interest rates* and fixed monthly payments based on your requirement.
Hassle-free documentation process - Instant and paperless procedure with friendly advisors at every step of the way
Quick disbursal - Instant personal loan online within 30 minutes* of approval
Additional benefits for existing customers - Experience a host of special benefits and facilities with Fullerton India personal loans such as easy top-up*, digital query servicing and flexible repayment tenures up to 60 months.

Key Highlights

Special offers for employees of certain companies.
The processing of the loan is quick and speedy, and no security or guarantor is required to avail the loan.
The repayment tenures are also quite flexible, ranging from 12 months to 60 months.

Features & Benefits

Borrow up to Rs.40 lakh, if not more.
Opt for a loan tenure of up to 5 years and repay your loan in easy instalments.
Minimal paperwork and documentation required.
No restrictions on how the loan amount can be used.

Affordable interest rates ranging between 10% p.a. and 24% p.a.
Helps in consolidation of debts.
Quick approval.
Pre-approved loan offers.

Eligibility

Criteria	Salaried	Self-Employed
Age	21 years to 60 years	22 years to 55 years
Net Monthly Income	Rs.15,000	Rs.25,000
CIBIL Score	Above 750	Above 750
Minimum Loan Amount	Rs.50,000	Rs.50,000
Maximum Loan Amount	Rs.25 lakh	Rs.30 lakh

Documents

When you apply for a personal loan with us, you are required to submit a signed application form, along with your KYC documents. Additionally, the application requires you to establish your eligibility, income, age, financial stability, etc.

While certain basic documents remain the same, some may vary as per the nature of an applicant’s work profile.

The basic documents that every applicant needs to provide are:

Identity Proof (Aadhaar Card, Voter ID, Driving License, Passport, etc.)
Address Proof (Valid ID proof with permanent address)
Income Proof (Bank statement from the last 3 months)

If you are an NRI looking to borrow a personal loan, these are the documents that you will need to submit:

Copy of your Passport
Visa Copy
Your official Email ID or the Email ID of the HR
Bank Statements
Salary Certificate or salary slips
NRO/NRE bank statements of the last 6 Months
Proof of Identity, Residence, Income, and Assets
Recent passport-size Photographs of yourself and the guarantors

FAQs

What is a personal loan? + -

A personal loan is a type of unsecured loan that that you can borrow from a bank or financial institution if you require funds to pay for your financial needs.

How does a personal loan work? + -

You borrow a loan when you are in need of credit. Once you submit your loan application for a personal loan, it is first verified and then approved. Post this; the loan amount is disbursed into your bank account. Once you receive the loan amount, you will need to repay via EMIs over the course of the loan repayment tenure.

What is a credit score? Why is it important? + -

A credit score or rating is a number that indicates how you repay debt. It is important because your score determines whether you qualify for loans, credit cards, and other credit facilities.

Is there an upper age limit for personal loans? + -

Yes, the upper age limit to apply is 60 years.

What security do I need to provide to obtain this loan? + -

To obtain the loan, there is absolutely no need to provide any security or collateral.

Is part-prepayment of a Personal Loan allowed? + -

Part prepayment is not allowed. The personal loan has to either be prepaid in full or serviced for the contracted tenure.

What is the minimum salary that an individual is required to earn to apply for a personal loan? + -

The minimum salary requirement vary, however, will require you to earn at least Rs.15,000. If you reside in a metropolitan city, you may have to earn between Rs.20,000 and Rs.25,000.

How long does it take to get approved for a personal loan? + -

It may take anywhere between a few seconds to up to 48 hours. If you are a pre-approved customer, your loan amount will be approved very quickly. Else, you may have to wait for up to 48 hours to get approval.

Is it smart to consolidate my debts with a personal loan? + -

Yes, if you have multiple outstanding debts, it is best to avail a loan and consolidate your debts. Doing this will make repayments a whole lot easier and help you clear off your consolidated loan amount in affordable instalments.

How will I know if my personal loan had been approved? + -

You can track the status of your loan application through online/offline channels. Also, Finway Capital will let you know if your application has been approved.

Will I get a loan account statement detailing my payments and outstanding balance? + -

You can log into your Finway Capital’s customer portal to view your loan account statement.

Since a longer tenure means lower EMIs, should I always choose a longer tenure? + -

No, not necessarily. This depends on your ability to repay the loan. In other words, how much you can afford to repay every month. If you’re able to afford only a smaller amount each month, choose a longer tenure. But remember that this will result in you paying more interest over the longer duration. Also, it will keep you indebted to Finway Capital for a longer time.

If I have a guarantor, what will happen if I default on my EMIs? + -

A guarantor is someone who guarantees repayment on your behalf. So, if you’re unable to repay the loan as and when the installments are due, your guarantor will be asked to pay.

What credit rating should I have to get a loan? + -

A score of 700 and above is considered to be good. This should be enough to get you a loan without any hassles. But, a score of 800 or more will get you into the good books. This could get you better interest rates and repayment options.

What is pre-approved personal loan? + -

A pre-approved loan is one where the customer can apply for a loan and possibly doesn’t need to submit documents or go through the verification process as he/she shares a healthy relationship with the bank as an existing customer and has a clean repayment record.