How can I apply for a personal loan?

Currently, we do not offer an online loan application platform. Customers can apply through email, phone call, or by visiting our office in person.

What are the eligibility criteria for a personal loan?

Getting a quick personal loan is easy as long as you meet some basic requirements: Your age should fall within the range of 21 to 80 years*. A minimum CIBIL score of 750 is required. No instances of EMI bounce, overdue payments, or defaults on any past or present loans. Bank transactions must align with your income; a minimum monthly salary of ₹15,000 is necessary for salaried individuals, with monthly salary deposits and mandatory PF deductions. A strong financial guarantor is essential. Your existing loan repayments should not exceed fifty percent of your monthly/annual earnings. Employment with a multinational company (MNC), public company, or private company is mandatory. You must be an Indian citizen living in the country.

How much can I borrow through a personal loan?

The amount you can borrow through a personal loan depends on a few factors like your income, credit history, repayment capacity, and the policies of the lender you choose. However, the key point to remember is that you can avail a maximum loan equivalent to six months’ average income.

What is the Personal Loan processing time?

The processing time for a Personal Loan can vary, but it can be completed within as little as one hour if you meet all the eligibility criteria.

What is the interest rate on a personal loan?

The interest rate on a personal loan can vary depending on CIBIL score and financial discipline. Generally it varies from 15% to 21%.

How long is the repayment period for a personal loan?

The repayment period for a personal loan can be as long as 36 months.What documents do I need to provide for a personal loan application?You'll need to provide a filled KYC Cum Application form, along with your PAN and UID (Aadhar) Card, along with all bank statements and audited financial statements.

What documents do I need to provide for a personal loan application?

You'll need to provide a filled KYC Cum Application form, along with your PAN and UID (Aadhar) Card, along with all bank statements and audited financial statements.

Can I repay the loan early without penalties?

Yes, you can repay the loan early without penalties, but this option becomes available after you have completed more than 50% of the total loan tenure and have consistently adhered to the repayment schedule. During the initial half of the tenure, there is a minimal foreclosure charge of up to 3% of the outstanding loan amount.

What type of loan can I avail from Swastika?

You can get a Personal Loan that you pay back in EMI’s.

Do I need to provide any security for the loan?

Yes, you'll need to provide Security Cheques and at least one guarantor. You can also use collateral security, like gold, shares, Mutual Funds, or Bonds, for a larger loan amount.

Apply for an Instant Personal Loan Online with Quick & Easy Financing

A personal loan is a type of loan that you can get from a bank or a lender to use for your personal needs. It's like borrowing money that you have to pay back over time in regular monthly installments. You can use a personal loan for different things like paying off debts, making home improvements, paying for education or medical expenses, planning a wedding, or going on a vacation. Unlike some other loans, a personal loan doesn't require any collateral, which means you don't have to give anything valuable like a house or a car as security.