Age:
The applicant must typically be between 21 and 60 years old

Income:
1. A stable and regular source of income is required.
2. Minimum monthly income criteria may apply (e.g.,15000.00 depending on the lender).

Employment Status:
1. Salaried individuals must have at least 6 months of continuous employment.
2. Self-employed individuals should have a minimum operational history of 2–3 years.

Credit Score:
A credit score of 700 or above is generally preferred.

Geographical Location:
The applicant must reside in a location serviced by the lender.

Primary Identification (KYC):
1. Aadhaar Card: Serves as both identity and address verification.
2. PAN Card
3. Gas Receipt/Bill: A recent gas bill (issued within the last 2-3 months).
4. Rent Agreement: A registered rent agreement with the landlord. (if Applicant rented house)
5. Live Photo: A current photograph of the applicant.

Verifies Employment and Income Stability.
1. Salary Slips (Last 3 Months)
2. Bank Statements (Last 6 Months):
3. Displays financial transactions and account balance to assess repayment capacity.

• No asset risk: Since a personal loan is unsecured, you don’t need to pledge any collateral like a home or car.
• Quick access to funds: Perfect for emergencies or unplanned expenses, personal loans offer quick approval and disbursement, often within a day.
• Flexible loan amount: You can borrow an amount based on your specific financial needs, whether it’s for a small expense or a large investment.
• Tenure options: Personal loans offer flexible repayment periods, which typically range from a few months to several years.
• Eligibility criteria: Applicants typically need to have a steady income, a good credit score, and have certain eligibility criteria such as age and employment stability.
• Flexible use of funds: The loan can be used for a variety of purposes, such as home renovation, medical expenses, education, or travel.