Quick & Hassle-Free Personal Loans
Get instant financial support for your personal needs with our easy personal loan solutions. Whether it’s a medical emergency, wedding expenses, travel plans, or debt consolidation, our personal loans help you manage expenses without stress.
Personal Loan Features
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Offers for New Customers
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3 Unique Variants
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Loan up to Rs. 40 Lakh
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Tenure of up to 84 Months
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No Guarantor / Collateral
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No Hidden Charges
Features and Benefits of Royal Fincorp Personal Loan
A personal loan is an unsecured loan that is not backed by collateral or security. This makes it a flexible financing option.
The followings are the ways a personal loan from Royal Fincorp can be useful:
- Debt consolidation: Combining multiple debts into a single loan with a lower interest rate to save money on interest.
- Home renovation: Fund home renovation projects to increase property value and improve living conditions.
- Medical expenses: Cover unexpected medical expenses such as emergency surgery or hospitalization.
- Emergency expenses: Quick funds for unexpected needs like car repairs to avoid financial hardship.
Eligibility Criteria
- Age should fall under the range of 21 years to 60 years.
- Net monthly income should be 15,000/- for salaried and self-employed.
- Yearly transactions should be a minimum of 20 lakhs.
- Credit score must be above 650.
- Debt-to-income ratio and employment stability.
- Clear repayment history and Resident Citizen of India.
Documents Required
- Identity Proof: Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card.
- Residence Proof: Utility Bills, Ration Card, Voter’s ID, Aadhaar Card.
- Income Proof: 1 year Bank statement and 3 months Salary Slips.
- Employment Proof: Employment Certificate and Office address proof.
- Business proof: Registration documents like GST, VAT, MOA, or AOA.
- Tax returns: Documents of the past 2-3 years to verify income history.
Fees and Charges for Personal Loan
| Particulars | Charges at Royal Fincorp |
|---|---|
| Loan Processing Fees | 2999/- to 5% of Loan Amount |
| Loan Cancellation | Usually 3000 to 5% of Loan Amount |
| Stamp Duty Charges | 150/- to 300/- |
| Legal Fees | As per actuals |
| Penal Charges | Usually 2% per month |
| EMI / Cheque Bounce Charges | Approx 499/- to 599/- |
Other fees like verification and NOC charges may apply as per lender norms.