Personal Loans

We all have needs and aspirations that remain unfulfilled due to the gap that exists between dreams and reality. And this is where a Swastik Reality Personal Loan can help in making a difference in your life. No matter what your financial needs are - unexpected expenses, a medical exigency, school or college admission, wedding in the family, home improvement or that long awaited vacation; whatever the occasion, our range of Personal Loans can help you meet your needs. The procedure is simple and quick. You do not have to hypothecate any collateral or property to avail this loan. All you have to do is to follow some simple steps and help our team understand your requirements.

Characteristics and details of a personal loan

• It is an unsecured loan which means a loan offered without keeping any assets (e.g., house or car) as collateral. Unsecured personal loans are offered based on the buyers credit history. If you have not defaulted on payments of an earlier loan and have paid all your credit card bills on time, you will be viewed as a low-credit risk.
• Personal loan interest rate is allocated according to the customers salary, the amount being borrowed, and other criteria.
• The repayment time period for a personal loan is fixed and ranges from 1 year to 5 years.
• It requires minimum paper work and is approved within 48 hours of submitting an application.
• In addition to Processing fee, a personal loan includes the following charges as well: pre-payment fee, late payment penalties, documentation charges, cheque bounce charges.

Personal Loan - Documents Required

• Duly signed and filled application form
• Passport Size Photograph
Identity and signature proof - Passport, Pan card, Driving License, Voter ID card, Adhar card, employee identity card in case of government employees.
Address Proof - Bank statement, Rent Agreement, Voter ID card, Ration card, Passport, Driving License, telephone/ electricity/ water/ credit card bill or Property tax.
Age Proof - Voter ID card, Secondary school leaving certificate (class 10), birth certificate, Passport, Adhar Card, pension payment order or receipt of LIC policy.
Income proof

Salaried Individuals

o Latest 3 months salary slips
o Form 16 with proper computation of income
o Salary account bank statement for six months
o Latest acknowledged IT return

Self-employed persons

o Last two years' computation of income, Profit and Loss statement, and balance sheet certified by a C.A.
o Latest six months' bank statement
o Last two years' sales and copies of acknowledged IT returns as proof of turnover