Personal Loan
Personal Loan by Avassa
A personal loan is an unsecured loan that helps you meet your financial needs without pledging any collateral. Whether it's a wedding, vacation, medical emergency, or home renovation, Avassa connects you with the best personal loan offers from all major banks in India.
Key Highlights
- Loan amount up to ₹40 Lakhs
- Interest rates starting from 10.49% p.a.
- Flexible tenure from 12 to 60 months
- Quick disbursal within 24 hours
- Minimal documentation required
Key Features
No collateral required
Instant approval in minutes
Flexible repayment tenure
Minimal documentation
Balance transfer facility
Top-up loan available
Eligibility Criteria
Age: 21-58 years
Minimum income: ₹15,000/month (salaried) or ₹2,00,000/year (self-employed)
Minimum work experience: 1 year
Good credit score (650+)
Required Documents Checklist
Click items to track and check off your gathered documents:
FAQs
Frequently Asked Questions
How long does the loan approval process take?
The loan approval timeline depends on the type of loan and the bank. Personal loans can be approved within 24-48 hours, while home loans may take 7-14 days. Avassa ensures faster processing through our direct relationships with banks.
What credit score do I need for a loan?
Most banks require a minimum credit score of 650 for personal loans and 700 for home loans. However, some of our partner banks offer loans to individuals with lower credit scores at slightly higher interest rates. Avassa can help you find the best option regardless of your credit score.
What documents are required for a loan application?
Basic documents required are: Identity Proof (Aadhaar/PAN), Address Proof, Income Proof (Salary Slips/ITR), and Bank Statements. Additional documents may be required based on the loan type. Check our individual loan pages for specific document requirements.
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