How To Get An Instant Paperless Personal Loan Online?

Digitalisation has aided the growth of instant Paperless Personal Loan Online. Most new-age lenders offer online Personal Loans to borrowers, along with the offline route.  There are various benefits such as instant approval, an online documentation process, quick disbursal, and 24/7 customer support. An online instant Personal Loan overcomes several drawbacks of traditional offline Personal Loans. Earlier, borrowers were frustrated with the long process of loan application. Here are a few things you should know to get an instant Personal Loan online:

Eligibility Criteria for Instant Paperless Personal Loan Online

There are a few major criteria that a borrower must fulfil for getting a Personal Loan. Some of these are listed below:
  • Age: You should be between 22 and 58 years of age to qualify for a Personal Loan
  • Income: You should have a minimum monthly income of ₹20,000
  • Work Experience: Minimum Job experience of 1 year
  • Employment: You should be a full-time employee at any Private/Public Company
  • Citizenship: You should have Indian citizenship to apply for a Personal Loan
Documents required for the paperless Personal Loan online

There are three major types of documents that a borrower should provide while applying for a Personal Loan.
  • Income Proof: Salary Slip
  • Address Proof: Rent agreement, electricity bill, passport 
  • Identify Proof: PAN card, Aadhar card
  • Education Proof: Degree certificate
How to apply for an instant paperless Personal Loan online?

To apply online for a Personal Loan from Poonawalla Fincorp, you just need to follow the steps enlisted below:

Step 1: Go to the official website of Poonawalla Fincorp - https://poonawallafincorp.com/
Step 2: Click on the Personal Loan section
Step 3: Under the Personal Loan section, click on the section that says, “Apply Now”
Step 4: Fill in the application form with all your details and upload the documents that are necessary
Step 5: Your documents and other details will be verified and after that, your loan will be approved 

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