Emkay Finserv - Trusted Financial Services in Mumbai and kolkata

Personal loans have become an essential financial tool for meeting various life goals - from wedding expenses to medical emergencies, home renovations to debt consolidation. Understanding how to choose the right personal loan can save you thousands of rupees in interest. Types of Personal Loans: 1. Secured Personal Loans: Lower interest rates with collateral 2. Unsecured Personal Loans: No collateral required but higher rates 3. Instant Personal Loans: Quick approval through digital platforms Factors to Consider: - Interest Rates: Compare APR across lenders - Processing Fees: Can range from 0.5% to 4% of loan amount - Prepayment Charges: Some lenders charge penalties - Loan Tenure: Longer tenure means lower EMI but higher total interest - Credit Score: Higher score gets better rates Eligibility Criteria: - Age: 21-60 years for salaried, 25-65 for self-employed - Income: Minimum ₹25,000 per month for salaried individuals - Employment: Minimum 2 years total experience - Credit Score: 750+ for best rates Documents Required: - Identity and Address Proof - Income Documents (salary slips, bank statements) - Employment Proof - Recent Photographs At Emkay Finserv, we offer competitive personal loan rates starting from 11.99% with flexible tenure options from 12 to 60 months. Our digital application process ensures quick approval and disbursal.