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How to Get a Personal Loan of Rs.80,000

December 14, 2023 • 1828 views

Planning for a trip? Have a sudden medical emergency? But don’t have enough savings to meet this urgent requirement. Don’t worry. You can avail of a Personal Loan online. If you are looking for getting Rs. 80,000 Personal Loan, this blog is for you. Read on to know the eligibility criteria, documents required, how to apply, and more!

Eligibility Criteria for Getting a Personal Loan of Rs. 80,000

To be eligible for a Personal Loan of up to  Rs. 80,000, you must qualify for the following criteria:

  • Citizenship: You must be a citizen of India.
  • Age: Your age must be between 21 and 57 years.
  • Monthly Income: Monthly net take-home salary of at least Rs. 30,000.
  • Working Experience: Must have 1 year of working experience and at least a month of a stable job in the current organisation.
  • Employment: You must have a full-time job at Central Govt, PSU, MNC, Listed, Unlisted Public Ltd, Pvt Ltd, LLP, or companies listed internally.
  • Credit Score: you must have a credit score of 750 or above.

Documents Required for Getting a Personal Loan of Rs. 80,000

Availing of a Personal Loan is easy and requires only a few documents:

  • KYC Documents: PAN Card/Aadhaar Card/Driving license/Voter ID/Passport.
  • Current Address Proof: Passport/ Utility bills/ Rent Agreement.
  • Income Documents: Latest salary slips for the last 3 months.
  • Financial Documents: Bank statement for last 3 months.
  • Employment Proof: Official mail ID confirmation /Employee ID Card.

How to Apply for a Rs. 80,000 Personal Loan?

Applying for a Personal Loan from Poonawalla Fincorp is hassle-free. Just follow the 3 steps mentioned below:

Step 1: Click on the ‘Apply Now’ button.

Step 2: Fill in the required details on the loan application form.

Step 3: Upload necessary documents.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Tips for a Successful Loan Application

Here are some tips to help you successfully apply for a Personal Loan of Rs. 80,000:

  • Choose the lender that meets your needs.
  • Check your credit score before applying and focus on improving it if necessary.
  • Ensure that you meet the lender’s eligibility criteria.
  • Provide the correct details in your loan application form.
  • Provide all the required documents.

Also Read :- How Small Personal Loans Can Help Cover Unexpected Expenses

To Conclude

A Personal Loan of Rs. 80,000 can be a great option to meet your financial needs. However, it's important to understand the eligibility criteria, required documents, and application process before applying for the loan. By meeting the eligibility criteria, submitting the correct documents, and focusing on improving your credit score, you can successfully apply for Rs. 80,000 Personal Loan. Don't let financial constraints hold you back - take advantage of this financing option and fulfil your dreams today!

If you are looking for a Personal Loan for Rs. 80,000, choose Poonawalla Fincorp. Avail of the loan amount competitive interest rate with minimal documentation and quick disbursal.

Disclaimer

We take utmost care to provide information based on internal data and reliable sources. However, this article and associated web pages provide generic information for reference purposes only. Readers must make an informed decision by reviewing the products offered and the terms and conditions. Personal Loan disbursal is at the sole discretion of Poonawalla Fincorp.
*Terms and Conditions apply

poonawalla fincorp team

Poonawalla Fincorp Team

Our team of expert writers and editors are passionate about providing authentic and valuable information on finance. Our aim is to simplify financial and finance-related concepts. We strive to help our readers become more aware and empowered to make informed financial decisions.

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