What is Personal Loan product its benefits and how can I apply for personal loan?

Personal loan is direct cash transfer into your savings account.  Personal loan shall be used to fund any expense including marriage, education, home renovation, travel, medical needs, manage day to day expenses etc. You can get a loan of up to Rs 10 lakh.

Benefits of availing Personal Loan from Tata Neu Platform –
 

1. Completely digital process you can get funds credited into your bank account on the same day of application for most of the customers. Maximum it shall take 5 days from the date of application.  
2. No Security or Collateral required to avail personal loan. You’re not required to mortgage your house or a valuable thing to avail funds.
 3. Flexible repayment tenure - There are several factors that go into choosing which Personal Loan works for you. One of that is your capacity to repay the EMI amount. Your provided with an option to choose the repayment tenure ranging from 12 to 60 months to help match your repaying capacity for the loan. 

Getting Personal Loan in easy steps-

a. Share your basic details to know best suited offer for you
b. Complete your KYC
    • Digital Process - No physical document required.
    • You may be required to put in your Aadhaar details. 
c. Add bank statement using easy process (only if required)
    • Giving additional details shall increase your chances to get a better loan offer.
d. Setup Auto Repayment
    • Your account details such as account number and IFSC shall be required.
    • Verify details using your debit card or net banking.
    • We don't charge for setting up auto-repayment, but your bank may have a one-time fee for it.
    • You shall receive the loan in this account and your EMIs shall be auto debited from this account on 5th of every month till the contractual tenure of the loan.
e. And you’re done
    • Loan application if approved shall be transferred to your account within 3-5 working days
    • Most of the approved applications get disbursed on the same day.