If you are running low on money in your pocket for expenses arising out of medical emergency, higher studies or just to pay for family vacations then a personal loan can be a smart choice in the middle of a financial crunch or in a sudden need of funds. There are a lot of good financial services platforms in the market that offer instant loans with lesser paperwork. ShubhBank aims at serving customers on the basis of their unique needs and circumstances. We provide you “A Personal Loan For All Purposes” to fulfill some kind of financial obligation or at the times when funds are urgently needed. It is type of an unsecured loan borrowed by an individual to meet their personal needs. Unlike home or a car loan, it is not secured against any collateral. The interest rates are bit higher than other loans because of the greater perceived risk. This is provided on the basis of key criteria such as earning level, credit history, repayment capacity etc. We will not monitor its use, so it can be utilized for marriage related expenses, child’s education, purchasing gadgets and home appliances, or any other emergencies.

A personal loan is the fastest disbursed financial product and requires minimum documentation. The most common reason of borrowing this product is to pay off your existing debt or to consolidate multiple debts. Depending upon your requirement, you can borrow any amount. Tenure range and interest rates are applicable on the basis of your repayment capacity. It is best to compare interest rates, loan tenure and the other processing charges and our bank will help you to pick the one that suit your needs. The key factor determining the maximum loan amount you acquire includes your credit score. A high credit score leads the lender to feel that you are a safe borrower, leading to a higher loan amount being sanctioned. EMI offers can typically results from repayment term, interest rate or combination of both the factors. You can use our online EMI calculator at our website to figure out what amount you have to repay in monthly installments. Whether you are a salaried individual, self-employed person or a professional, you must have a regular income to grab this loan.

The eligibility criteria before applying for it will help you to avoid the possibility of rejection of your loan application. To be eligible for this, you must be at least 21 years of age, earns a regular income, good credit score etc. in case you have any doubts regarding your application, you can always get in touch with our loan executives for further help and to know about best offerings. You will need to provide the following documents such as ID proof, residence proof, employment/income proof, last 6 months bank statement, income tax returns of last 2 years, balance sheet, passport sized photographs etc. the loan get disbursed within few working days of the loan application approval. Don’t forget to evaluate and compare the offers before zeroing in on one. ShubhBank is there for help to take your pick.