What is Personal Loan?
A personal loan means an individual borrows money for various purposes without giving any collateral or security. For Instance, you may use the funds for home renovation, wedding, holiday, higher studies, debt consolidation etc. At Monedo we strive to ease all your instant financial worries. In case of financial emergency, availing personal loan is a great way to get the necessary and instant funds. We provide all flexibility to repay the loan in smaller Equated Monthly Instalments (EMI).
Loan Amount
Upto Rs.20 Lakhs
Loan Tenure
Upto 36 Months
Interest Rate
18% - 40% per annum
Processing Fees
1% to 3% + Applicable taxes
Benefits of Personal Loan
Instant Approval
No Collateral / Security
100% Digital Process
Minimal documentation
- Age between 25 to 58 years (on the loan maturity)
- Salaried or SEP /SENP
- CKYC number
Documents required to avail Personal Loan
- Permanent Account Number and Date of birth for CKYC validation
- Current address proof (other than Aadhaar card)
- 2 months salary slip
- 3 months bank statement
- Latest Form 16
- E-Nach or E-Mandate