Personal Loan

A Personal Loan is an unsecured loan that can be used for personal financial requirements such as medical expenses, education, marriage, travel, home renovation or any other genuine purpose. The loan is processed based on the applicant's income, repayment capacity and lender eligibility criteria.

PraFintech assists both salaried employees and self-employed applicants with loan application, document verification, lender coordination and end-to-end processing.

Loan Features

Unsecured Loan: No collateral or property mortgage required.
Salaried & Self-Employed: Available for eligible salaried and business applicants.
Flexible Loan Amount: Loan amount depends on eligibility and lender policy.
Repayment Tenure: Choose a suitable repayment period as approved by the lender.
Digital Processing: Online document verification and application support.
End-to-End Assistance: Complete support from application to loan disbursement.

Eligibility

Criteria	Requirement
Applicant Type	Salaried Employee or Self-Employed / Businessman.
Employment Details	Company or Business information as applicable.
Loan Details	Loan Type, Required Amount, Tenure and Purpose.
Bank Details	Active Bank Account with IFSC and Branch Details.
KYC Documents	Valid identity and address proof.

Required Documents

For Salaried Applicants

Aadhaar Card
PAN Card
Company ID Card
Bank Statement (Last 6 Months)
Salary Slips (Up to 6 Months)
Form 16 (If Available)
Passport Size Photograph

For Self-Employed / Business Applicants

Aadhaar Card
PAN Card
Bank Statement (Up to 1 Year)
GST Returns (Up to 1 Year)
ITR (Up to 3 Years)
Udyam Certificate (If Available)
Passport Size Photograph

Note: Additional documents may be required based on the applicant's profile, loan amount and lender's verification process.

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