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A Personal loan is a type of an unsecured loan which is availed to meet unforeseen, but genuine financial demands for personal uses. Be it a medical emergency, to buy your wished-for automobile, to pay for the educational fees, to fund a holiday trip, to meet wedding expenses, for home improvements, to pay off many other smaller debts, or any unexpected expense, a Personal loan could be the best possible solution to overcome any personal financial issues. As a thumb rule, Personal Loans should not be availed for purchasing fixed property, to invest in the stock market, or be spent on luxuries. Although there are not many restrictions imposed on them, it is aforethought to use the personal loan funds for genuine purposes.
Most personal cash loans are unsecured short-term loans that do not need any collateral to be placed as a guarantee. Since these personal loans do not need any asset as surety, the borrower’s creditworthiness & financial record are considered before providing them. They are probably the most convenient types of loans that can be availed for personal financial emergencies within a short period of time. Apart from having a relatively quicker processing and turnaround times, personal loans also do not need very complicated paperwork as they require lesser documentation.
At Finfree Enterprises, you can easily apply for and avail quick low interest personal loans conveniently up to 75 lakhs* for a short tenure of 1 - 5 years at reasonable interest rates by a hassle-free process. We offer a plethora of personal loan services to assure that your financial requirements are fulfilled as per your preferences, along with manageable repayment options. Our financial team ensures that the complete process, right from the applying for a suitable loan to the disbursal of the amount happens in a smooth, unstrained way.
Finfree Enterprises follows the Indian Government’s policies while processing a loan application, or for other finance-related services. However, different banks & NBFCs have different eligibility criteria to qualify for a personal loan with them. Listed below are the basic minimum eligibility criteria that are commonly considered by all the financial institutions in our network while providing personal loans to individuals.
Like the eligibility criteria, different banks need different documents for verification that proves the authenticity of the borrower. At Finfree Enterprises, along with a completely filled-in application form with a recent photograph, you may have to submit a couple of more documents, as needed by the financial institution with which you are applying for a personal loan. Mentioned below are a few documents that should be submitted for the verification process.
Representative Example - INR 1,00,000/- taken as a loan amount over a loan tenure of 12-months at an annual interest rate of 10.99% will have a total payback amount of Rs. 1,06,051/- with a total payable interest amount of Rs. 6,051/- and a monthly EMI of 8,838/-.
Finfree Enterprises is a financial advisory platform in Hyderabad, Telangana that connects creditworthy borrowers with trustworthy financial institutions like the banks & NBFCs, to provide suitable fundraising options for individual applicants & for businesses across India, at the most considerable interest rates. The finally imposed interest rates will be dependent on various aspects like the borrowing loan amount, loan type, loan tenure, borrower’s credit score, financial record, employment details, income, and other relevant factors. The borrowed loan amount will have to be paid back as per the scheduled repayment plan, as decided by the borrower & the financier.
At Finfree Enterprises, you can easily apply and avail suitable personal loans from our wide range of options to overcome your monetary crisis. Our team ensures that you, as a borrower will not have to go through the complicated processing methods, and have the application approved quickly with prompt transfer of the personal loan funds. Here are a few benefits of choosing personal cash loans from us.