Personal Loan Service

Service Details

Product Name: Instant Personal Loan Services (Salaried & Self-Employed)Short Description Achieve your personal goals with Blink Finance's fast and flexible Personal Loan Services. Whether it's for a dream wedding, medical emergency, home renovation, or international travel, we provide unsecured loans with instant approval and competitive interest rates. With our 50+ banking partners, we ensure you get the best deal with zero collateral and minimal paperwork. Detailed Service Description A personal loan is an all-purpose financial tool that provides immediate funds without requiring any security or mortgage. At Blink Finance, we specialize in getting you the maximum loan amount based on your monthly income and credit history, ensuring disbursal in as little as 24 to 48 hours. Key Use Cases: Debt Consolidation: Pay off high-interest credit card bills with a single low-interest EMI. Emergency Funding: Immediate cash for medical expenses or urgent repairs. Lifestyle & Celebration: Funding for weddings, vacations, or high-end electronics. Education: Support for higher studies or specialized skill-building courses. Eligibility Criteria For Salaried Individuals: Age: 21 to 60 years. Monthly Income: Minimum ₹25,000 (may vary by city/employer). Experience: Minimum 1 year in the current organization. For Self-Employed Professionals: Age: 25 to 65 years. Business Vintage: Minimum 3 years of active operations. Income: Based on Income Tax Returns (ITR). Credit Score: A CIBIL score of 700+ is preferred for the best interest rates. ROI & Tenure Details Interest Rate (ROI): 10.25% to 15.00% p.a. (Reducing balance, depending on employer and credit score). Loan Tenure: 12 to 60 Months (Flexible repayment options). Funding Amount: ₹50,000 to ₹40 Lakhs. Processing Fee: 1.00% to 2.50% of the loan amount. List of Required Documents Identity & Address Proof: PAN Card, Aadhaar Card, Passport, or Voter ID. For Salaried: Last 3 months' Salary Slips. Last 6 months' Salary Account Bank Statement. Form 16 or ITR for the last 2 years. For Self-Employed: Last 2 years' Audited Financials (P&L and Balance Sheet). Last 6 months' Bank Statement (Current/Saving account). Business Proof (GST Registration/Udyam Certificate). Photographs: 2 recent passport-size photos.