Personal Loan

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Our Application Process

Online Application
Documents Verification

What is personal Loan ?

A personal loan is a type of unsecured loan that helps you to meet your current financial needs.  It is a type of finance, borrowed from a bank or online lender & is paid back in fixed monthly installments, typically over two to seven years. The  Interest rates can range from 10% to 36% APR.  

Documents Required

  • For Salaried Customers
    • Proof of Identity:- Passport / Driving License / Voters ID / PAN Card (any one).
    • Latest 3 months Bank statements.
    • Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
    • Latest 3 month Salary slip
    • 2 Passport Size photographs.
    • If required guarantors & their same set of documents Processing Fees and Charges     


  • For Self Employed Customers
    • KYC Documents : Proof of Identity; Address proof; DOB proof
    • Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
    • Income proof (audited financials for the last two years). Latest 6 months Bank statement.
    • Office address proof.
    • Proof of continuity of business.
    • Conditions apply
      • * moneymud reserves the rights to call upon additional documents at its discretion.

Types Of Personal Loan

  1. Wedding Loans : Marriage is more than joining the obligations of two people. The exertion that goes into the arranging, booking a very ahead of time, jewelry shopping for different events, wedding solicitations, choosing the cooks, and substantially more. A Personal Loan for Wedding permits you to pay for anything related to your exceptional day. We help you to discover a credit that accommodates your spending plan expeditiously and makes your fantasy wedding spring up. Settle on a wedding credit to meet your wedding costs and make the occasion important, without underlining over each rupee.                                                                                                                                                                                                                                                
  2. Holiday Loan: Want to make your days off the best recollections. Keep your excursion calm and appreciate to the fullest as Money Mud offers a one-stop answer for all your monetary needs. We perceive obligations when you plan an occasion or family get together or Honeymoon,                                                                                                                                                              
  3. NRI Personal Loan: Several leading groups grant personal loans for NRI in India. Personal credits are proposed in two different ways. The first made sure about close to a secured loan, wherein the credit is allowed against security. Security can be your home, A high significant resource, or a bank fixed store. The greater part of the open division and private banks offer made sure about close to secured loans for NRI in India. The second sort of close to secured loan is an unsecured loan, wherein the credit is allowed with no security. This is entirely based on the borrower’s salary distinctions and qualifications to repay the credit. In India, most of the banks provide secured NRI loans, wherein NRI needs to provide a guarantor, Else, to make a nearby family member or relative as a co-candidate to the loan. Loans are likewise given against FCNR deposits..       
    •     Documents required
      1. Photocopy of passport and Visa of NRI applicant
      2. Both Indian and international bank account statement for the last six months
      3. Salary certificate as proof of salary details. 
      4. If the NRI applicant is present in India at the time of submitting a loan application, the Power of Attorney needs to be attested or notarized locally. 
      5. In case, the applicant is outside India at the time of submission of the loan request, then the Power of Attorney needs to attest by the Indian Consulate of NRI’s resident country.
      6. Non-Resident Indian’s working in Middle East countries and also those who are employed in the Merchant Navy may have to submit some additional documents such as CDC and labor card.
      7. A copy of Non-Resident Indian’s contract slip and appointment letter.
      8. Some of the additional documents may have to be submitted depending on the loan amount and the bank that you are applying with. However, KYC documents, proof of residential status, and income proof are the basic documentary requirement in most cases.                                                                                                                                                                          
  4.  Several Banks give personal loans for freshers and funds for young graduates to achieve your goals along with your new job.                                                                                                      
    • Qualification To Get PERSONAL FRESHER LOAN
      • Credit score – On average, a score of 750+ is to be regarded as a good score when applying for a loan.
      • Current monthly income – Fresher should have a minimum monthly take-home salary of ₹15,000.
      •  The salary must be credited through a bank transfer only.
      •  Employment records – The least work experience of 3 months is required.

Why Money Mud ?

Money Mud offers a one stop solution to all our clients. You can browse through our range of  Personal  loan  products, apply online! 

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