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Personal Loan

Overview

At Mahadev Financial Services, we understand that life is full of unexpected expenses and opportunities. Whether you need funds for a medical emergency, a dream vacation, a wedding, or education, our Personal Loan solutions are designed to meet your unique financial needs quickly and efficiently. With our easy application process and competitive interest rates, you can achieve your goals without hassle.

Benefits of Our Personal Loans

 

  1. Flexible Loan Amounts:
    • Borrow any amount ranging from 1 lac to 40 lac based on your requirements.
  2. Competitive Interest Rates:
    • Enjoy attractive interest rates that make repayment manageable and affordable.
  3. Quick Approval and Disbursement:
    • Experience swift loan approval and disbursement, ensuring you get the funds when you need them most.
  4. No Collateral Required:
    • Benefit from unsecured personal loans that don’t require any collateral or security.
  5. Flexible Repayment Tenure:
    • Choose a repayment period that suits your financial situation, ranging from 12 months to 72 months.
  6. Minimal Documentation:
    • Our streamlined process ensures minimal paperwork and quick processing.
  7. Transparency:
    • No hidden charges or fees, with a clear and transparent loan agreement.

Application Process

Step 1: Check Eligibility:

  • Use our online eligibility calculator to see if you qualify for a personal loan.

Step 2: Apply Online or In-Branch:

  • Fill out the application form online or visit our nearest branch.

Step 3: Submit Required Documents:

  • Provide the necessary documents for verification (details below).

Step 4: Loan Approval:

  • Our team will review your application and documents. If everything is in order, we will approve your loan.

Step 5: Disbursement:

  • Once approved, the loan amount will be disbursed to your bank account promptly.

Eligibility Criteria

To be eligible for a personal loan, you must meet the following criteria:

  • Age: 21 to 60 years
  • Employment Status: Salaried or Self-employed
  • Income: Minimum monthly income of 20k
  • Credit Score: A good credit score with no history of defaults
  • Residence: Proof of residence within the area of service

Required Documents

Ensure you have the following documents ready when applying for a personal loan:

  • Identity Proof: Passport, Aadhaar Card, Voter ID, or Driving License
  • Address Proof: Utility bills, Rent agreement, Passport, or Aadhaar Card
  • Income Proof: Salary slips for the last three months, bank statements for the last six months, or IT returns for self-employed applicants
  • Employment Proof: Employment letter or business proof for self-employed applicants
  • Photographs: Recent passport-sized photographs

Frequently Asked Questions (FAQs)

Q1: How much can I borrow?

  • You can borrow any amount between 1 lac and 40 lac depending on your eligibility and requirements.

Q2: How long does it take to get the loan approved?

  • The approval process usually takes 24 hours to 4 days, provided all documents are in order.

Q3: Can I prepay my loan?

  • Yes, you can prepay your loan. Please refer to our prepayment policy for any applicable charges.

Q4: What happens if I miss an EMI payment?

  • Missing an EMI payment can affect your credit score and incur late payment charges. Contact us immediately if you foresee any issues in making a payment.

Q5: How can I track my loan application status?

  • You can track your application status online through our portal or contact our customer service for updates.

Contact Us

For more information or assistance with your personal loan application, please reach out to us:

  • Phone: 9968875111
  • Email: support@mfsgrowth.com

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