Minimum salary should be
₹15,000
Minimum loan requirment should be
₹50,000
Minimum CIBIL Score should be
700
We help SMEs find the right personal financing online, whatever
your personal loan requirements, wherever you are in your
journey.
Depending on the size of your financial loan and the type of Personal loan you own, the documents required by lenders will
be different. We’ve put together a handy guide below. Just select your MSME loan size from below
and you’ll find everything you need to know to get your Personal finance loan online
We always tell you the truth. If you’re not ready for the personal loan you want, we’ll let you know upfront and save you the time and hassle of applying for financial loans you won’t get.
We help you understand how to improve your attractiveness to lenders and give you concrete steps you can take to improve your creditworthiness. When you’re ready, we help you get the right personal loan, from the right lender, on the right terms, at the right time.
Read our FAQs section for more information.
The eligibility criteria for a personal loan can vary depending on the lender, but some common requirements include: Age: Applicants must typically be at least 21 years old and no older than 65 years old at the time of loan maturity. Citizenship: Applicants must be citizens or permanent residents of the country in which they are applying for the loan. Employment: Applicants must be employed full-time or self-employed with a regular income. Credit score: Applicants must have a good credit score, which typically means a score of at least 685. Debt-to-income ratio (DTI): Applicants must have a low DTI, which means that their monthly debt payments should not exceed a certain percentage of their income
The time taken for Arena Fincorp to approve a personal loan application can vary depending on various factors, including the completeness of the application, verification processes, and the loan amount. Generally, it can take anywhere from a few days to a couple of weeks.
The documents required to apply for a personal loan can vary depending on the lender, but some common requirements include: Know Your Customer (KYC) documents: These documents are used to verify your identity and address. Some common KYC documents include: Aadhaar card PAN card Voter ID card Driving license Passport
Yes, We allows prepayment or foreclosure of personal loans. However, certain terms and conditions may apply, including prepayment charges or penalties. It is advisable to contact us for the specific details regarding prepayment and foreclosure policies.
You can connect with us for this, We're here to help you with everything related to your personal loan. There will be an additional set of documents that will be required for processing the case for a higher loan amount for which we will guide you. Loan amount will be subject to eligibility as per documents.
The interest rates for personal loans are subject to change and can vary based on factors like the loan amount, tenure, creditworthiness, and collateral provided. We advise you to contact us before applying for loan to know the latest interest rates & all the necessary information regarding personal loan.
Get hassle-free Personal, overdraft and business funding in just 2-3 days from one of India's leading SME credit technology platforms.