What is a Personal Loan?

    A personal loan is an unsecured loan that gives the borrower the flexibility to use the loan amount as per their requirement, including for commercial purposes.

    Why would you need a Personal Loan ?

    In a life full of surprises, you may end up needing quick money for reasons you may not have planned for; like, pursuing a business opportunity that came up or a family wedding that got planned in a hurry, funds for education, unexpected travel plans, home renovation or a medical emergency. To let you take control of the situation in such critical junctures in life reliancesmartmoney.com gives you a platform to apply for personal loan online.

    How to apply for a Personal Loan ?

    Personal Loan application process with reliancesmartmoney.com is very simple. You simply have to fill in all your details, provide the required documents and your application is sent for processing.

    Personal Loan Features

    A personal loan has many advantages over other lenders:

    • Know your eligibility in a matter of minutes
    • If you have a pre-approved loan, get it sanctioned in under 3 days
    • No restriction on how you use the loan amount
    • Competitive personal loan interest rates
    • Easy repayment options

    Instant Personal Loans

    At reliancesmartmoney.com salaried professionals can apply for instant personal loans. Quick disbursal with minimal documentation requirement at competitive personal loan rates allow you to arrange for urgent funds as and when required.

    How to get a loan ?

    Follow the below steps to get a loan:

    • Check eligibility: You should be a salaried employee between 23 and 58 years of age
    • Register on the platform
    • Apply for loan by selecting the loan amount and loan tenure
    • Submit the required documentation including ID proof, address and income proof
    • Complete the application and wait for loan approval

    reliancesmartmoney.com also offer customized loan products for a home loan, business requirements, and loan against property

    What is the rate of interest on a Personal Loan ?

    The interest rate on personal loan varies depending upon the loan amount, the tenure, and your credit score.

    Personal Loan Interest Rate

    The interest charged on personal loans varies based on the tenure of loan.

    LOAN TERM

    INTEREST RATES

    HDFC Bank Personal Loan

    12-60 Months

    15.00% - 20.99% p.a

    Kotak Bank Personal Loan

    12-60 Months

    10.99% - 24% p.a

    * Subject to a minimum of Rs. 1,999/- & Maximum of Rs. 25000/- for Salaried Customers.

    The rates/charges/tenure/loan amount mentioned herewith is at the sole discretion of the lender which can vary from case to case basis. 

    Reliance Securities is a distributor of Mutual Funds, Portfolio Management Services(PMS), Corporate Fixed Deposits, Bonds/NCDs, Insurance, IPOs, Structured Products and Loans.