The age of an applicant should be above 23 years to apply for a Personal Loan from Indiabulls. For applicants working with I.T Companies, BPO’S & Insurance companies the minimum age requirement is 25 years. While the maximum age till which the applicant should complete the Tenure of the Personal Loan availed is 60 years.
Indiabulls offers personal loans to individuals who have availed a Credit facility from any of the prevailing Banks or NBFC’S & also to fresh applicants without a credit history.
The CIBIL score of applicants with a previous credit history is taken into account when processing the loan, an applicant who has been clearing his dues on time will be considered eligible for a loan while late payments or defaults will be viewed negatively.
FLEXIBLE REPAYMENT OPTIONS
Flexible options are offered for the repayment of the Personal Loan, the applicant can pay back the loan via fixed monthly Installement over a period of time from 12 to 72 months as per the eligibility & repayment capacity of the applicant.
Indiabulls is the only prominent lender to offer a period of 6 years to pay back the loan; the industry norm is a maximum of 5 years.
The net salary of applicants being transferred to their Bank account should be above 25000/- per month .The Loan amount the applicant will be eligible for will be calculated as per the income & total obligations including other loans & credit card usage.
Maximum Loan amounts are offered to customers working with companies featuring in the Indiabulls elite company list. Increased loan amounts are offered to applicants with salary above 50k per month.
Personal Loans for salaried customers are categorised as per their current employer. The company an applicant is working with are categorised as follows;
PRIVATE LIMITED COMPANY /PUBLIC LIMITED COMPANY/PSU/LIMITED COMPANY/GOVERNMENT /PROPRITERSHIP COMPANY /PARTNERSHIP COMPANY
DOCTORS/NURSES/TEACHERS/CHARTERD ACCOUNTANTS are included under this category.