About Company

AI Saif Power Private Limited, a leading provider in power transmission and distribution erection and maintenance. With a commitment to excellence and innovation, we deliver high-quality solutions that ensure the reliability and efficiency of power systems. Our team of experienced professionals is dedicated to meeting the evolving needs of the industry, providing end-to-end services from planning to execution.

Personal Loan

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Get Closer to Your Goals with
a Instant Personal Loan

Explore flexible Personal Loan options tailored to meet your needs.

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Home Loan

What are the eligibility criteria for a personal loan?

The eligibility criteria for personal loans are minimal, with the requirement to meet the following.

  • Age: Applicant should be aged between 21 to 65 years
  • Monthly Income: The earnings must be at least INR 30,000 per month
  • CIBIL Requirement: Applicant must have a credit score of 700 or more
  • Employment Type: Applicant must be a salaried or self-employed professional
  • Residency: You must be a resident of India with valid proof of address

    • Note: **The minimum salary requirement for a personal loan will differ depending on the profile of the applicant.

What documents are required for a personal loan?

The basic documents required for personal loan online approval are:

  • Identity & address proof: Aadhaar card & PAN Card
  • Bank statement: Last six months bank statement
  • Salary slip: Latest three months salary slips (for salaried employees)
  • Photograph: 2-3 passport-sized photographs

Personal Loan Features & Benefits

Quick personal loans are the commonly preferred approach to fulfilling monetary requirements. The reason can be attributed as follows:

Swift Approval

The completely online process requires the upload of the documents for the verification process. Rest, sit back, and wait for the processing and quick approval.

Quick disbursement:

As soon as the loan is approved, the requested principal amount is digitally transferred into the bank account.

Minimal documentation

The requirement of only necessary, essential and easily accessible documents makes the process applicant-friendly.

No collateral

One of the safest aspects of a personal loan is the absence of collateral. You can be at peace of mind without the risk of keeping valuables at stake.

Flexibility in interest rates

Choose between floating or fixed interest rates, depending on your preference.

Paperless process

The completely online procedure eliminates the need to visit the bank branch.

Customisable tenure

You may select a loan tenure from 12 to 84 months depending on your expenses and earnings. Note that long tenures could result in higher interest.

No Foreclosure Charges

As per RBI guidelines, customer do not need to pay any foreclosure charges on personal loans with floating interest rates.

Uses of Personal Loan

Fast approval personal loans offer solutions to a variety of monetary needs. It includes:

  • Wedding expenses: The fund requirements for including last-minute changes or going for lavish planning at weddings can be easily met by personal loans.
  • Medical emergency: Not all medical expenditures are covered by insurance. Fulfill those bills with personal loans.
  • Vacations: Sudden plans to travel but short of funds at the same time? Personal loans offer instant access to money in such situations.
  • Education: With increasing expenses for children's education and extracurricular activities, funds won't be a restraint in their growth. Use personal funds for the kid's education needs.
  • Renovation: Planning to renovate the home/office or halfway through it, but plans going down due to expenditures? Keep the work unhindered with personal loans.
  • Relocation: It can be both stressful and expensive. Be calm and have a look at your budget. Go for the personal loan to use for relocation expenses.
  • Debts: If you have multiple debts, closing them with one personal loan is a considerable option. It helps manage the finances in a controlled and streamlined manner.