A Personal Loan is an offer that provides funds for private use. One can avail this loan without offering any security as it is an unsecured loan. The loan can be availed to meet various personal requirements of life like going for a holiday, educational expenses, home renovations, and medical emergency and so on.

Eligibility Criteria For Personal Loan Alwar

Not everyone can get a personal loan. There are some criteria on the basis of them the bank provide a personal loan to the applicants. Let us discuss them.

There are two categories of the applicants.



There are different criteria for both categories. Let us see both of them one by one.


  1. First of all the age of the applicant should be more than 21 years.
  2. After that he/she should be earning Rs. 18000 per month at least.
  3. After that, the applicant should have the work experience of 3 years at least.
  4. After that he/she should be getting the salary in his/her bank account.
  5. The credit history of the applicant should be good.


  1. If the applicant is self-employed than his/her age should be 25 years at least.
  2. He/she should be filing ITR for last three years at least.
  3. His/her CIBIL score should be good.
  4. The ITR should be of Rs. 2.5 Lakhs per annum at least.

Documentation for Personal Loan Alwar

There is a requirement of a few documents to apply for a Personal Loan. These are:

  1. One Identity Proof is needed to apply for a Personal Loan. Aadhar Card/ PAN Card/ Voter ID card/ Driving License/Passport.
  2. After that one proof of residence is required. Aadhar Card/ PAN Card/ Voter ID card/ Driving License/Passport/Rent Agreement/Water Bills/ Electricity Bills.
  3. One income proof is also required. You can provide salary slips of last 6 month or bank account statements where you get your salary. If you are self-employed, you have to provide you ITR statement of last three years.
  4. It is important to note that if you don’t get your salary in a bank account, then you are not eligible to apply for a loan.

A personal loan can be taken for different needs. If you need finance, you can borrow from financial institutions. There are different rules and criteria to get a personal loan. One must check its eligibility for getting loan amount. Personal loans are multipurpose finance options. There are various benefits of taking a personal loan online. You can avail a good deal by comparing offers and finalizing the best one as per your needs.

Benefits of Personal Loan Alwar

A Loan without any collateral or security: A Personal Loan is not a secured loan. Banks don’t ask for any security or collateral. So, there is no need of pledging collateral or security. It is purely given as per the customers' income.

  1. Simple Documentation: Personal Loans are simple and easy. You can get it with minimum documentation with a quick process. Banks need some basic documents of a borrower like identity proof, address proof, income proof, etc.
  2. Loan Amount: The amount can be ranging from Rs. 50,000 to Rs. 20 lakh.
  3. Quick Loan Approval: It is easily sanctioned within 48-72 hours without any hassle. After getting the documents, banks will do the verification of the given details and the loan will get disbursed within 24 hours of verification.
  4. Multipurpose finance: Personal loan can be used for various purposes, i.e., in paying old bills, home improvements, wedding shopping, financing trips and many more.
  5. No Third party involvement: The loan is directly given to the borrower without the participation of the third party. It is a relationship between the borrower and the lender.
  6. Hassle free: Getting a personal loan is now a hassle-free process. Online loan portals have made it more convenient and easy. You can get the loan amount in your account without stepping out of your place.

Personal Loan Alwar Interest Rates

Personal Loan usually comes with an affordable interest rate.  The starting interest rate of the Personal Loan is 10.75% per year; however, this rate keeps on changing time to time. Also, the interest rate varies person to person. It depends on your monthly salary or income.





720 and Above 


10.03% - 12.05%

680 to 719


13.05% - 15.05%

620 to 679


17.08% - 19.09%

580 to 619


19.9% - 21.09 %

500 to 579


21.09%- 24.07%

Less than 500


28.05% - 32.00%


Avail the benefits of a personal loan by applying online. Get the best deal and lowest interest rates with quick approval. Call 60011600 or 9878981166.

Why one should choose Personal Loan in Alwar?

  1. It requires minimal documentation as compared to the other loans offered in the market.
  2. It is a multipurpose Loan that can be used for any purpose according to the requirement.
  3. There is no need to pledge any valuable commodity as collateral to borrow money.
  4. The person has to repay the loan amount in a period ranging from six to ten years.

About Alwar:

Alwar is a city in the Rajasthan state in India and a part of National Capital Region. Earlier it was the capital of the princely state of Alwar. Before it was spelled as “Ulwar” in British India. This placed it in the last place in alphabetically ordered lists, so a king changed the spelling to "Alwar" to bring it to the top. It also contains many interesting and historical monuments. The city has a beautiful lake and a picturesque valley.

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