To have a small luxury of daily life are the one that brings happiness in our life, buying electronic gadgets, taking a long-awaited trip, home renovation, or covering your wedding expenses. At that time, applying for a small amount of personal loans would be the best option to get a fast personal loan. It is the best way of fulfilling your immediate needs and pay back the same in easy and affordable EMIs.

Features of small amount personal loan:

• The loan here starts from Rs 15000 and goes up to Rs 2 Lakhs
• It is the best loan for first-time buyers who also have to build credit or no have no credit history.
• The loan tenure of a small amount personal loan starts from 12 months to 2 years.
• A small amount personal loan at the low-interest rate is available.
• One can avail of here customizable EMI plan as per the borrower experience.

Benefits of applying small amount personal loans:

• Quick approval
• EMIs starting @1400
• Comes with a flexible repayment option
• Minimal documentation
• Comes with a pre-active customer care support
• Makes the loan process easy and simple for all customers

For whom the Small Amount Personal loan is beneficial?

Anyone can apply for this loan for funding their personal or professional needs. A businessman could apply for a small amount loan for coping with its working capital requirements like cash flow or financing funds in case of temporary shortage. The salaried or self-employed professional can apply for a small amount of personal loan to finance personal needs like buying of laptop, TV, washing machine, or any other consumer appliances of daily use.

Eligibility criteria to apply for a short-term or fast personal loan

• The applicant must be at least 25 years old.
• The applicant must be a citizen of India.
• The applicant must have a good credit score.
• The applicant must have a valid Indian bank account
• The applicant must have a minimum of ₹10000 as monthly income

The main documents required to apply for small amount personal loans are:

• Proof of Identity (Aadhaar/PAN card/Voter ID/Passport)
• Proof of Age (Aadhaar/Driving License/Voter ID/Passport)
• Bank statement for last 6 months
• Proof of Income (salary slips of last 3 months or last year ITR or income declaration)
• Passport-sized photograph(s)

How IndiaLends can assist in getting a small amount of personal loan?

• Fill out the application form
• Application review and loan offers are given in few minutes.
• Check for the personal loan rates offered by various lenders based on your application form.
• Post-approval of personal loan interest rates, EMI plans, and terms and conditions, the loan amount will be credited to your bank account.

Bottom Line

IndiaLends is one of the most reliable online lending portals intended to improve the financial marketplace by making credit products such as personal loans at low-interest rates easily accessible to applicants.