New Personal Loan

A personal loan refers to money that is borrowed from a financial institution, for personal (not professional or business) use. In opposition to larger and long-term loans, personal loans are taken into relatively short to medium terms. Generally personal loans are used to pay for one-time or short term expenses where a borrower (the person who is getting the loan) doesn't normally require disclosing the specific reason for the loan. This type of loan is used by many to resolve their current financial needs. A personal loan is taken for tenure of one to five years. Also these require lowest formalities and no collateral or security. It is a type of unsecured loan which can be availed on the basis of various criteria. Level of income, employment history, credit score and scope for repayment are those specific criteria. Considering these criteria and lender, the APR (Annual Percentage Rate) of personal loan can be anywhere between 11.29% to 35%.

Why Should I Take A Personal Loan?

In every individual's life there comes a moment where you urgently need a specific amount of money which can't be covered by your savings. The amount can be needed for any personal reason like home renovation or vehicle repair, to pay unexpected medical bills, for wedding, travel, credit card outstanding balance transfer etc. Here the option of getting this desired amount via personal loan comes extremely handy.

Why Choose Mymudra To Apply For Personal Loans?

My Mudra is India's fastest growing financial distributors. A comprised team with mammoth experience in finance and internally developed highly proficient Loan Calculator algorithm, we are pledged to offer solutions to all your financial needs. Borrowers can apply for a business loan from ZipLoan with My Mudra’ latest online application process. We help you borrow right.

Hassle free process
We have developed an efficient, smooth and easy process for our consumers to get a business loan. Our easy to use online procedure allows consumers to apply documents quickly. Our highly proficient Loan Calculator also guides the consumers to embark on a hassle free process
Benefits of applying with us

We value our consumers and are always on our toes to give them benefits of our expertise. Applying for a business loan with us, gives you a chance to avail the best offers and deals from ZipLoan.
Free expert guidance and advice

Our financial experts are always ready to give you the perfect advice. These highly trained professionals in finance know the back and forth of the industry. Our dedicated team of experts will help you at any given time, without charging a dime.

Free expert guidance and advice
Our financial experts are always ready to give you the perfect advice. These highly trained professionals in finance know the back and forth of the industry. Our dedicated team of experts will help you at any given time, without charging a dime

Privacy policy
We, at My Mudra understand the value of your documents and keeping them safe and private. Your loan applications are processed electronically with complete privacy and transparency..

Features & Benefits of a Personal Loan

There are many reasons behind the popularity of taking personal loans. Go for personal loans by choosing any one or all from below

- They have easy availability
- They need minimum documentation
- Unlike the other long term or larger loans, personal loans require very little documentation. Thus these loans are approved quickly without any hassle.
- They have easy availability
- You get expeditious loan approval

Personal Loan - Eligibility

Banks offer personal loans to customers who fulfill their designed eligibility. The eligibility criteria changes from bank to bank and the profile of the borrower. But there are some commonalities which you have to follow or acquire to get a personal loan from any bank. Banks give personal loans by dividing their customer's profession and their income history.

Apply for Personal Loan
*Occupation
*Company Name
Firm Name (as per PAN Card)
*Profession
Company Type
Annual Turnover
Loan Amount
Office Type
House Type
My CIBIL Score
*City of Residence
*Full Name (as per PAN Card)
*Email Address
*Mobile Number
Date of Birth