Personal Loan

Personal Loan

What is a Personal Loan?

A personal loan is an unsecured loan with fixed or variable interest rates and usually provided to individuals to meet unexpected expenses, home improvement, debt consolidation and for other expenses not covered by regular loans. Personal loans usually have higher interest rates compared to other secured loans like Home Loan, car loan etc. and that’s because of the unsecured nature of personal loans. A personal loan can help a borrower tide over an unexpected financial crisis without providing any collateral for the loans.

Also, personal loans are approved and disbursed quickly, and this makes it a preferred loan option for many borrowers.

 

Apply for Personal Loan

If you are thinking of applying for a Personal Loan, then what pops into your mind first? The banks, of course. But, do keep in mind that banks have little or no incentive to offer competitive interest rates to you. You might find your best personal loan rate on the internet rather than in the brick and mortar banks. Also, on the internet, you will have to research multiple bank websites and compare terms, interest rates, loan processing charges, eligibility criteria, pre-closure charges, documentation required and other important details. Jeevan Utthaan, India’s premier Fintech company has partnered with public and private sector banks and other NBFCs to offer customers personal loans at competitive rates. Customers can evaluate personal loan offers from multiple banks in a single dashboard without the hassles of comparing rates, interest-free period, annual fees and benefits on multiple bank websites. With many banks offer instant, paperless approvals, applying for a personal loan is extremely easy.

 

How it Works

  • We have partnered with leading Banks and NBFC’s to provide you a comprehensive range of personal loan options. Our unique matchmaking algorithm ensures that we match your requirements with available options and provide you with the best results.
  • Offers are displayed sequentially to help you compare key features like interest rates, processing fees, tenure and features. So, you can make an informed decision.
  • Once you have compared and found the loan that is best suited to your requirements, you need to fill a detailed online application form. This is required to check your eligibility and process your application.
  • We also help you with end to end fulfilment, including documentation pick up and submission to the respective financial institutions. You can track the entire journey of your application by logging in to \”My Accounts\” section.