Loan against Salary is a special personal loan, which is an option for salaried people to meet their self and family exigencies, such as, medical emergency, higher educational expenses of children, house renovation, tour or wedding expenses etc.
Peerless Finance introduces Loan against Salary (Unsecured Personal Loans). Now… neither you have to hop across banks for getting money nor beseech for advance against salary. You can get money at your doorstep when you stand a need.
So what are you waiting for? Take advantage of your salary today
Key Features
Affordable Interest Rate
Interest rate starting from 13.99 % p.a.
Zero Collateral
Unsecured Personal Loans upto Rs.5 Lakhs
Flexible Tenure
Choice of repayment up to 60 months
Top Up Facility available
Top up facility available on review post 6 months
Part Payment Available
After 6 EMI, you can part pay
Peerless Finance welcomes you as an applicant
You need to fulfil our requirements as
Age
Minimum 24 years - Maximum 55 years.
Income
Net pay minimum Rs.20,000, if employer agrees for check off facility and Rs. 25,000, without check-off facility.
Stay in Organization
Minimum 1 years at current organisation.
Citizenship
A ‘Resident Indian’ of minimum 1 Year at current residence including rental arrangements, if any.
You can apply either through our website or can directly contact us at 033 4062 2525 for personalised assistance .
What would “Personal” in Personal Loan mean?
Cases of self and family exigencies, financial needs like meeting educational expenses of your children, house renovation, planning a travel or wedding expenses etc.
When can I apply?
In case of exigencies or other financial needs like higher education of your children, reconstruction of house, planning a travel or wedding expense etc.
Is collateral Mandatory?
Collateral is only needed above Rs. 15 lacs.
What are the mandatory Documents?
Copy of Pan card
Address proof
Latest 6 months bank statement(salary account) & last 3 Months Pay slip
What is the amount of Loan I can apply for?
You can apply from minimum Rs. 100000 upto Rs. 15 lacs (Unsecured Loan).
What are the tenure options?
Flexible Tenure for period up to 60 months.
Can I apply with low CIBIL score?
Yes, you can apply with a low CIBIL Score but the sanction of the same will depend on the ability of repayment. However, you have an option to take a joint loan with your immediate family member, or keep a guarantor.
How long it takes to transfer money into my bank account?
Generally it takes around 2 to 3 working days for the process. However in emergency cases, if you have all your documents ready it can possibly be processed in a day also.
Can I apply for a top up?
Yes, you can apply for the top up facility after six months of your existing loan.
What are repayment options?
You can repay the loan in monthly or quarterly basis.
