Personal Loan – skylender

Skylender Personal
for any need

Overview

To meet unexpected financial exigencies or come out of high priced Credit Cards funds, you can avail IDBI Bank’s Personal Loan. These personal loans are quickly processed with hassle free procedure and are available at competive interest rate. Personal Loan comes in handy in a lot situations like

Why Choose Us

6 Reasons to choose our personal loan

Features & benefit of our personal loan

3 Unique Variants

Pick the loan variant that suits you best: Term loan, Flexi Term Loan, and Flexi Hybrid loan.

Loan of up to Rs. 75 lakhs

Manage your small or large expenses with loans ranging from 6 months to 84 months

Convenient tenures

Manage your loan easily with repayment options ranging from 6 months 84 months.

Approval in Just 5 Mintues

Complete your entire application online from the comfort of your home or wherever you are and get instant approval.

Money in your account in 24 Hours

Your bank account will be credited with your loan amount within 24 hours* or, in some cases, on the same day of approval

No part-prepayment charge on Flexi Term Loan

Repay a part of your loan in advance, at no extra cost. You can pasrt-pay as many times as you want.

Eligibility Criteria & Documents Required

Anyone can apply for our personal loan online, as long as you meet five basic criteria mentioned below. If you meet all the eligibility criteria. you will need a set of documents to complete your application process. With our online personal loan, you can get an instant approval for up to Rs. 40 lakh. Meet the easy eligibility parameters and complete your basic documentation to avail the money you need within 24 hours* of approval.

Eligibility Criteria

Nationality : Indian
Age: 21 Years to 80 Years
Employed With: Public, private, or MNC
CIBIL Score : 685 or higher
Montly Salary: Starting Rs. 25,001, based on the city you live in

Documents Required

KYC documents: Aadhaar/ passport/ Voter’s ID/ Driving License/ Letter of National Population Register
PAN Card
Employee ID card
Salary slips of the last 3 months
Bank account statement of the previous 3 months

Our Testimonials

Our working process is designed to make your loan search and selection as seamless as possible.

I had a fantastic experience with Skylender when I applied for a home loan. The process was seamless, and their team guided me at every step. Thanks to Skylender, I am now a proud homeowner. I highly recommend their services to anyone in need of a hassle-free loan application process."

Skylender made my dream of starting my own business a reality. Their business loan application was straightforward, and the approval was quick. The interest rates were competitive, and their customer service was exceptional. I am grateful for their support in my entrepreneurial journey.

I cannot express my gratitude enough for Skylender. When my daughter got admission to her dream college, we were worried about financing her education. Skylender's education loan came to our rescue. The application was easy, and they offered us a repayment plan that suited our budget. Thank you, Skylender, for making my daughter's dreams come true.

I had an urgent financial need, and Skylender was there when I needed them the most. Their personal loan application process was quick and hassle-free. The interest rates were reasonable, and the funds were disbursed in no time. Skylender truly understands the needs of its customers and delivers with excellence.

I had a wonderful experience with Skylender when I applied for a car loan. From the beginning to the end, the Skylender team was supportive and professional. They offered me a loan with affordable EMIs, making it easy for me to purchase my dream car. Thank you, Skylender, for your exceptional service

Frequently Asked Questions

What is personal loan?

A personal loan is a type of unsecured loan offered by financial institutions, such as banks or online lenders, to individuals for personal use. Unlike secured loans (which require collateral), personal loans are approved based on the borrower’s creditworthiness, income, and ability to repay.

What is the annualised rate of interest and repayment tenure of personal loan offered by skylender?

The annualised rate of interest (% p.a.) is the cost that the borrower must pay for money borrowed from the lender. The interest is payable on principal loan amount

basis the loan tenure opted. Skylender offers personal loans with an annualised interest rate ranging from 11% to 37% p.a. which can be repaid over tenures.
between 6 months to 96 months.

For instance, Priya took a personal loan of Rs. 1,00,000 at an annualised interest rate of 15% p.a. for a tenure of 12 months. In this scenario, Priya’s annual interest
payable will be around Rs. 8,310 and her monthly EMI shall be around Rs. 9.026. Here, she will be repaying around Rs. 1,08,310 in total during the loan tenure towards
principal and interest component, apart from other charges applicable, if any.

What can you use a personal loan for?

You can take a Bajaj Finance Personal Loan for several scenarios such as:
Medical emergency
Wedding
Higher education
Home expenses

Our instant personal loan comes with no end-use restrictions, allowing you to meet a wide variety of expenses comfortably.

What are the eligibility criteria for a personal loan?

To get a quick personal loan. you only need to meet a few basic personal loan eligibility criteria:

You must be between 21 years and 80 years* of age
« You must be a salaried individual employed with an MNC, public or private company
« You must be a residing citizen of India

If you meet the salary requirement based on your city of residence, you can qualify for the loan.

Skylender Personal for any need