Collateral-Free Loan
Interest Rate starting from 10.25%.
Minimal Documentation
A personal loan is an unsecured loan that a person borrows from banks or NBFCs (Non-banking financial companies) to fulfill immediate and personal needs. An unsecured loan does not need any collateral. It is also called a signature loan and can be applied by just using a person's financial details and creditworthiness.
My Mudra helps you to get an urgent personal loan in India in a minimal time, reducing the path between you and your dreams. We are assisting the needful in getting a personal loan online and offline with the lowest interest rate as per your requirement.
It's important to understand personal loan eligibility and know what matters the most to the lenders. Below mentioned are the personal loan eligibility and documentation that must be fulfilled before applying for a personal loan online.
1. CIBIL Score: Check the credit history of your finance, you must have a credit score of more than 700 to qualify for a personal loan at a low-interest rate.
2. Age: 21 years - 68 years
3. Employment Status: Borrower must be employed for at least 2-5 years or you must have been a running business for 2-5 years.
4. Monthly Income: Rs.20,000
5. Tenure: The time period of the loan is between 5-7 years.
1. Identity proof
2. Address proof
3. Bank statement of previous 3 months
4. Passbook of previous 6 months
5. Two latest salary slips/current dated salary certificates with the latest Form 16
1. My Mudra provides multiple options for an eligible person to apply for a Personal Loan. Online loan apply personal loan or apply immediate personal loan offline through their Phygital process. Give us a call on our number.
2. Our agent will give you a call to guide you through the process of a Personal Loan.
3. Get your documentation complete within hours. Apply personal loan online for instant approval over your mail.
4. The loan shall be disbursed to your account.
5. You can track the status of your Personal Loan through the My Mudra portal.
| Bank | Rate of Interest |
| HDFC Bank | 10.25% |
| IndusInd bank | 10.25% |
| Standard Chartered | 10.75% |
| Axis Bank | 10.99% |
| Kotak Mahindra | 10.75% |
My Mudra is providing the cheapest Personal Loan in India starting at an interest rate of 10.25% P.A.
Personal loan with lowest interest rate is available, the interest rate for the personal loan starts from 10.25% P.A.
Get fast approval personal loan through My Mudra. Borrowers can get their documentation done online and can get instant approval and disbursement of personal loan.
Personal Loan is unsecured loan because it does not require any collateral.
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