Whether it is a planned expense or an unanticipated emergency, a
Personal Loan feels like a lifesaver when you have hefty expenses to
make, helping you to cover large expenses without dipping into your
savings. A personal loan for salaried employees can help you to fund
your last-minute trips, debt consolidation, house renovation, medical
bills and more.
If you’re looking for a salaried personal loan,
then check out Poonawalla Fincorp’s Prime Personal Loan. Read more
about it in this blog.
What is a Prime Personal Loan?
If you’re a salaried employee, then a Prime Personal Loan is designed to help you manage your financial situations without any hassle. With its 24x7 availability, you can borrow up to ₹15 lakh without pledging any assets and enjoy instant disbursal. Additionally, this salaried loan comes with flexible repayment tenure and 100% digital application process.
Benefits of Prime Personal Loan for a Salaried Employee
If you are a salaried employee, these are the features you can get from a salaried Personal Loan:
• Competitive Interest Rates & Flexible Tenure:
If you have a good credit history, then you are eligible for
competitive interest rates on a Prime Personal Loan. Additionally, the
flexible repayment tenures between 12 to 84 months make it easier for
you to manage EMIs without financial strain.
• Minimal
Documentation: Application process is online, minimizing the
need for extensive paperwork. Typically, only basic documents such as
KYC, financial documents and employment proof are required. However,
for pre-approved customers, documentation requirements may be even
more minimal.
• Quick and Easy Loan Disbursal:
With streamlined approval processes, you can get a loan for
salaried employees in just a few hours. In some cases, if your loan is
pre-approved, then, you can enjoy almost instant access to funds.
• Versatile Usage: You can utilise a salaried
Personal Loan for a wide range of purposes such as home renovations,
wedding expenses, education, debt consolidation, medical emergencies,
purchasing gadgets, or even planning a vacation. The flexibility of
usage makes it an excellent financial tool for various needs.
• Preserve Your Savings: When unexpected
expenses arise, a Personal Loan is a great alternative to dipping into
your hard-earned savings. It ensures financial stability while
covering immediate financial needs.
Various Ways to Get a Salaried Personal Loan
You can obtain a Prime Personal Loan via one of three main avenues. These are -
Online Lending Apps
This is one of the
newest methods for quickly obtaining a Personal Loan. Numerous NBFCs
including Poonawalla Fincorp provide speedy disbursement,
low-interest rates, and flexible repayment choices for instant
Personal Loan.
Commercial Banks
Since almost
everyone has a bank account, that is the most well-known method of
obtaining a Personal Loan that most people are aware of. Most of
these banks follow a set process to provide these loans, which
includes a rigid repayment option, paperwork, and standard contracts.
Co-operative Banks
These banks are
more well-liked by rural residents while operating on a far smaller
scale than commercial banks. These banks provide lower interest
rates and more flexible repayment choices because they are not
motivated by profit.
Poonawalla Fincorp
Poonawalla Fincorp offer the Prime Personal Loan for salaried
individuals, providing a convenient and reliable financing option
tailored to your needs. It offers you a hassle-free loan that ranges
between ₹1 lakh to ₹15 lakh with attractive interest rate starting at
12.65% p.a. and flexible tenures of up to 84 months.
The entire application process requires basic KYC documents, bank statements, and employment verification via email OTP. You can use this loan for travel, weddings, home renovation, medical emergencies, education, vehicle purchases, and debt consolidation.
How to Apply for a Prime Personal Loan?
Follow the 3 simple steps to apply:
Step 1: Click on “Apply Now”
Tap on the ‘Apply Now’ button to
initiate your application.
Step 2: Enter Your Details
Enter
your DOB, PAN card number, monthly income, and residential
details.
Step 3: Upload Your Documents
Upload the necessary or
required documents for quicker approval.
Once your verification is successful, the loan amount will be disbursed into your bank account instantly.
Also Read: All You Need to Know about Personal Loan Disbursal Process
To Conclude
A salaried personal loan offers an easy and convenient way to
manage your financial needs. If you are a salaried employee, you can
get a personal loan in India through various ways including online
lending applications, commercial banks, co-operative banks and more.
With its benefits like competitive interest rate and flexible tenure,
minimal documentation, quick and swift loan disbursal the entire loan
application process is now easy and quick.
Poonawalla Fincorp
offers Prime Personal Loan up to ₹15 lakhs with quick approval and
100% online application process. Apply now and get the funds you need
in no time!