What is Personal loan?

Whether you are planning a vacation of your dream, paying for higher studies, planning a home renovation project, student’s loan or facing a medical emergency you can get funds within 24 hours with just few clicks. We provide instant Personal loan with online loan support. We pose a good hold on intra bank communication to help our customers avail loan on same day.

Any salaried person such as teacher, engineer, doctor and others can get personal loan in India. Most banks and financial institutes in India offer these loans to people, who are working in multinational companies, government departments and private companies.

Self-employed individuals can also avail this facility. If you are hesitant of EMIs, do not fear we have a great team of financial planners who will guide you and will set a planned EMI scheme for your convenient pay back. We present attractive scheme of Personal loan for salary employed, self-employed or unemployed to meet their requirements with lowest EMI possible with additional benefits. We also provide loans to unemployed, students, House wives, and every person who is in need of quick personal loan.

Purpose of Personal Loan:-

Who is eligible for Personal Loan?

Personal Loan is offered based on certain factors that determine the eligibility of the borrower. Following are the important factors:


Eligibility Criteria
Credit Score/ CIBIL Score • Good repayment record on past loan repayments, credit card monthly payments and loan installments etc.
• Good CIBIL Score (650 and above)
Type of Company • Rating of the company you are employed with affects Personal Loan terms
• Listed company gets high loan amount
Repayment Capability of the borrowere • Applicant should possess relevant number of years experience with the current organization
• Continuity of business is checked for a Self-employed business owner
Age Varies from bank to bank but normally 21 years and above is required
Who can apply? • Salaried Employee
• Self- Employed Business Man
• Self-Employed Professionals


The above factors help in the calculation of the eligibility that affects the EMI also. To know the amount of EMI,



Why Deal4ask?

There are companies and agencies which claim to provide loans with attractive numbers and offers but it is crucial to know the minute intricacies before finalization for the loan not to be a burden.

List of Documents:-

Following the documents are required to apply for a personal loan


Age proof Anyone of the following:

• Aadhar Card
• PAN Card
• Voter ID
• Driving license
• Passport
Address proof Anyone of the following:

• Aadhar card
• Registered Rent Agreement
• Driving license
• Lease or Passport
Income documents Salaried Employee

• Salary slips in case of salaried employees (Last 6 months)
• Form 16 and a copy of ITR for latest 2 years
• Bank account statement of last 3 months reflecting salary credit/ business flows
• Employment Certificate
Self-Employed Professionals/ Business Man

• Financials including Balance Sheet and P & L statement
• Income Tax Return in case of self-employed
Other documents • Loan application form
• 2 passport size photographs duly signed


About Personal loan



Personal Loan Interest Rate MCLR linked rate of interest starting at 10.99%
Loan Amount • Minimum amount: Rs. 50,000
• Maximum amount: Rs. 50 lacs
Loan Tenor Ranges between 12 months to 60 months
Nature of Personal Loan Unsecured Loan (No security or collateral is required)
Loan Turnaround Time Loan disbursement within 7 working days from the date of submission of loan application
Processing Fee Ranges between 1% to 2% of loan amount
Prepayment Ranges between 1% to 2% of loan amount



Bank Loan amount Rate of interest and Processing charges Fore closure Charges
HDFC BANK 1Lacs – 50Lacs 10.99% - 18%
1999/- to 2.5%
After 12months 4%, 24months 2%,Above 10Lacs loan amount NIL fore closure charges
Axis Bank 1Lacs - 40Lacs 10.99% - 18%
0.25% to 2.50%
Anytime Full or partial Loan closure charges :- NIL
ICICI Bank 1Lacs – 40Lacs 10.99% - 17%
1999/- to 2.5%
After 12months 4%,24months 2%
Fullerton India 1Lacs – 20Lacs 15% and above as per per loan amount approved After 6th months 5%
Yes Bank 1Lacs – 40Lacs 10.49% - 18%
1999/- to 2.5%
After 12months 4%, 24months 2% , Part payment permitted after 12months 20%
Capital First 1Lacs – 10Lacs 10.99% - 18%
1% to 2.5%
After 12months 4%
Indiabulls 1Lacs – 20Lacs 10.99% - 18% 1% above After 12months Nil fore closure