How to Get a Personal Loan with Paisabazaar: 101 A Comprehensive Guide

Introduction

Personal loan with Paisabazaar, If you are in need of funds for a personal expense, like a wedding or medical emergency, a personal loan can come to your rescue. However, navigating the personal loan market can be daunting, with numerous options and eligibility criteria to consider. This is where Paisabazaar comes in – as India’s largest online marketplace for financial products, it can help you find the best personal loan option to suit your needs. In this blog post, we will take you through the process of getting a personal loan with Paisabazaar.

What is Paisabazaar?

Paisabazaar is India’s largest online marketplace for financial products, including personal loans. With a network of more than 70 partners, it offers a wide range of options for personal loans, making it easier for borrowers to compare and choose the best option for their needs.

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Personal Loan with Paisabazaar
Personal Loan with Paisabazaar

Types of Personal Loans available on Paisabazaar

Paisabazaar offers various types of personal loans, including:

  • Unsecured personal loans
  • Secured personal loans
  • Debt consolidation loans
  • Wedding loans
  • Travel loans
  • Medical emergency loans
  • Home renovation loans
  • Education loans

Personal Loan with Paisabazaar

Eligibility Criteria for Personal Loans on Paisabazaar

To be eligible for a personal loan on Paisabazaar, you need to fulfill the following criteria:

  • Age: 21-65 years
  • Monthly income: At least Rs. 15,000
  • Employment type: Salaried or self-employed
  • Credit score: 750 or above (preferred, but not mandatory)

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Documents Required for Personal Loans on Paisabazaar

To apply for a personal loan on Paisabazaar, you need to submit the following documents:

  • Identity proof (Aadhaar card, PAN card, passport, voter ID)
  • Address proof (Aadhaar card, utility bills, bank statement, rent agreement)
  • Income proof (salary slips, bank statements, income tax returns)
  • Passport-sized photographs
  • Proof of employment (for salaried individuals)

Personal Loan with Paisabazaar

Steps to Apply for a Personal Loan on Paisabazaar

Applying for a personal loan on Paisabazaar is a simple process that can be completed in the following steps:

  • Visit the Paisabazaar website and select the type of personal loan you require.
  • Fill in the required details, such as loan amount, employment type, monthly income, and tenure.
  • Paisabazaar will then show you the loan options available to you, based on your eligibility.
  • Compare the loan options and select the one that suits your needs.
  • Complete the application process by submitting the required documents.
  • The lender will then verify your details and approve or reject your loan application.
  • If approved, the loan amount will be disbursed to your account within a few days.

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Advantages of Using Paisabazaar for Personal Loans

There are several advantages to using Paisabazaar for personal loans, including:

  • Wide range of loan options from multiple lenders
  • Simple and easy online application process
  • Quick loan disbursal
  • No collateral required for unsecured personal loans
  • Minimal documentation required

Personal Loan with Paisabazaar

Paisabazaar Personal Loan Calculator

Before applying for a personal loan on Paisabazaar, you can use the Paisabazaar personal loan calculator to estimate your monthly EMI payments. The calculator takes into account factors like loan amount, interest rate, and repayment tenure, and gives you an accurate estimate of your monthly EMI payments.

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FAQs

How much personal loan can I get if my salary is 15000?

If your monthly salary is Rs. 15,000, you may be eligible for a personal loan of up to Rs. 1.5 lakhs, depending on your credit score and other eligibility criteria.

How to get 5 lakh personal loan in SBI?

To get a personal loan of Rs. 5 lakhs from SBI, you need to meet their eligibility criteria, which includes having a good credit score and a stable income. You can apply for the loan through SBI’s website or visit a branch to complete the application process.

Personal Loan with Paisabazaar

Can we take a loan in Paisabazaar?

No, Paisabazaar is not a lender. It is an online marketplace that helps borrowers compare and choose the best personal loan options from multiple lenders.

Personal Loan with Paisabazaar

Can I get a personal loan if my salary is 10000?

It may be difficult to get a personal loan if your salary is only Rs. 10,000 per month, as most lenders require a minimum monthly income of Rs. 15,000. However, some lenders may be willing to offer a loan if you have a good credit score and other eligibility criteria.

Personal Loan with Paisabazaar

What is Paisabazaar personal loan contact number?

You can contact Paisabazaar’s customer support team at 1800 208 8877 or email them at info@paisabazaar.com.

What is Paisabazaar loan EMI?

Paisabazaar loan EMI is the amount you pay each month towards the repayment of your personal loan. The EMI amount is calculated based on factors like loan amount, interest rate, and repayment tenure.

Personal Loan with Paisabazaar

What is Paisabazaar CIBIL score?

Paisabazaar does not provide a CIBIL score. However, when you apply for a personal loan through Paisabazaar, the lenders may check your CIBIL score to evaluate your creditworthiness.

Personal Loan with Paisabazaar

TopicDescription
Eligibility CriteriaMinimum and maximum age requirements, Minimum monthly income required, CIBIL score requirements, Employment history and stability requirements
Personal Loan EligibilityExplanation of how personal loan eligibility is calculated, Calculation of personal loan eligibility for a salary of 15000, Calculation of personal loan eligibility for a salary of 10000, Tips for improving personal loan eligibility
SBI Personal LoanStep-by-step guide to applying for a personal loan in SBI, Eligibility criteria for a personal loan in SBI, Documents required for a personal loan in SBI
Paisabazaar Personal LoanExplanation of Paisabazaar’s role in personal loan processing, Benefits of using Paisabazaar for personal loan applications, Step-by-step guide to applying for a personal loan through Paisabazaar’s website
Paisabazaar Personal Loan CalculatorExplanation of how to use Paisabazaar’s
Personal Loan with Paisabazaar

Conclusion

In conclusion, Paisabazaar is a reliable and convenient option for those looking for a personal loan. With a wide range of options available from multiple lenders, a simple online application process, and quick loan disbursal, Paisabazaar can help you find the best loan option to suit your needs. Use the Paisabazaar personal loan calculator to estimate your EMI payments and make an informed decision. If you have any questions or need further assistance, you can reach out to their customer support team.

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