Personal Loan -

Get Financial Freedom When You Need It Most

Our personal loans offer you the flexibility to cover unexpected expenses, whether it’s for medical emergencies, a dream vacation, or home renovations.

Personal Loan

A personal loan is a versatile financial product designed to meet a wide range of needs, from consolidating debt to financing major purchases or covering unexpected expenses. Unlike other types of loans, personal loans are typically unsecured, meaning they don't require collateral. This makes them accessible and flexible, with the ability to use the funds for nearly any purpose. Mitra Loans offers a variety of personal loan options tailored to fit different financial situations and goals. Whether you're looking to fund a wedding, cover medical expenses, or take a dream vacation, our personal loans provide the flexibility and affordability you need.

Find Your Related Loan

1. Unsecured Personal Loans

o Purpose: General-purpose loans that can be used for almost any personal expense.
o Features: No collateral required, with loan amounts ranging from INR 50,000 to INR 50 lakhs.
o Benefits: Quick approval and disbursement, making it ideal for urgent financial needs.

2. Secured Personal Loans

3. Debt Consolidation Loans

o Purpose: Consolidate multiple debts into a single loan with a lower interest rate.
o Features: Simplified repayment with a single monthly payment.
o Benefits: Reduces the overall interest burden and simplifies financial management.

4. Wedding Loans

o Purpose: Cover the costs associated with weddings, such as venue, catering, and attire.
o Features: Flexible loan amounts and repayment terms.
o Benefits: Helps manage wedding expenses without depleting savings or investments.

5. Travel Loans

o Purpose: Finance vacations or travel-related expenses, including flights, accommodations, and tours.
o Features: Quick approval process with no need for extensive documentation.
o Benefits: Enables you to take your dream vacation without worrying about upfront costs.

6. Medical Loans

o Purpose: Cover medical expenses, including surgeries, treatments, and hospitalization.
o Features: Quick disbursement to meet urgent medical needs.
o Benefits: Ensures that you can access the best healthcare without financial stress.

Why Choose Us

At Mitra Loans, we believe in empowering you with the best financial solutions.
Here’s why our clients trust us

Wide Range of Loan Products

Whether you're looking for a home loan, business loan, or personal loan, we've got you covered. We offer loans that are tailored to meet your specific needs

50+ Banks and NBFC Partnerships

We’ve partnered with over 50 banks and NBFCs to bring you the best interest rates and loan options, ensuring that you have the power to choose the most competitive deals in the market.

Personalized Service

Our team works closely with you to understand your financial goals and customize solutions that best meet your needs, offering a personal touch throughout your loan journey.

Dedicated Customer Support

Our support team is always here for you, providing timely assistance and guidance whenever you need it. We are committed to making your loan experience smooth and convenient.

Simple and Transparent Process

We keep things clear and easy to understand. From eligibility checks to loan approval, our process is designed to be hassle-free and transparent, so you know exactly what to expect.

Age & Icome

• Minimum Age: 21 years.
• Maximum Age: 60 years at the time of loan maturity.
• Salaried Individuals: Minimum monthly income of INR 15,000. Higher income may be required for larger loan amounts.
• Self-Employed Individuals: Minimum annual income criteria based on the type of business or profession.

Employment Status

• Salaried: Minimum of 1 year of continuous employment with the current employer, or a minimum of 2 years of total work experience.
• Self-Employed: Minimum of 3 years in the current business or profession.

Credit Score

• Minimum Credit Score: A good credit score (typically 650 and above) is required for unsecured loans. Lower scores may still qualify for secured loans.

Residency

• Indian Citizen or Resident: Applicants must be citizens of India or have valid residency status.

Identity Proo

Pan Card
Aadhar Card
Passport
Election Voter Card

Address Proof

Aadhar Card
Bank Statement
Utility Bill (Latest)
Rental Agreement

Employement Proof

• Minimum Credit Score: A good credit score (typically 650 and above) is required for unsecured loans. Lower scores may still qualify for secured loans.

Employee ID Card
Offer Letter Employee Professional Email Id

Income Proof

• Indian Citizen or Resident: Applicants must be citizens of India or have valid residency status.

Salary Cerificate From Last 3 Months Form-16(Part-A),(Part-B) Form 26AS Bank Statement From Last 1 year

Interest Rate: 10.75% to 18% per annum
Processing Fee: 1% to 2% of the loan amount

Repayment Tenure: 1 to 5 years
Prepayment Charges: 2% to 4% of the outstanding amount

Know Your EMI in Seconds!

Use our easy EMI calculator to estimate your monthly payments and explore the best loan options.

Ready to take the next step?

Apply online today and let Mitra Loans help you achieve your dreams!

Frequently Asked Quesions(FAQ's)

What is the maximum loan amount I can borrow?

• Mitra Loans offers personal loans ranging from INR 50,000 to INR 50 lakhs, depending on your eligibility and financial needs.

How long does it take to get a personal loan approved?

• The approval process is quick, typically within 24 hours of submitting all required documents. Disbursement follows shortly after approval, usually within 24-48 hours.

Do I need a good credit score to get a personal loan?

• A good credit score increases your chances of approval and access to lower interest rates. However, those with lower scores may still qualify for secured personal loans.

Can I use a personal loan for any purpose?

• Yes, personal loans are versatile and can be used for nearly any purpose, such as debt consolidation, home renovation, medical expenses, travel, or weddings.

Are there any prepayment charges if I want to repay my loan early?

• Mitra Loans offers flexible repayment options, including the possibility to prepay your loan without hefty penalties. It’s important to review the specific terms at the time of loan agreement.

What are the interest rates on personal loans?

• Interest rates on personal loans from Mitra Loans range from 10% to 20% per annum, depending on factors like loan amount, tenure, credit score, and whether the loan is secured or unsecured.

What happens if I miss a payment?

• Missing a payment can result in late fees, higher interest rates, and a negative impact on your credit score. Mitra Loans provides support to help you manage your repayment schedule to avoid such issues.

How do I apply for a personal loan?

• You can apply online through our website by filling out the application form, submitting required documents, and waiting for quick approval. Alternatively, you can visit one of our branches.

What is the repayment tenure for personal loans?

• Repayment tenures for personal loans range from 12 to 60 months, depending on your financial situation and loan amount.

Can I get a personal loan if I’m self-employed?

• Yes, Mitra Loans offers personal loans to self-employed individuals, provided they meet the income and eligibility criteria.

Our Lending Partners

At Mitra Loans, we’ve partnered with leading banks and NBFCs
to offer you the best loan options at competitive rates, ensuring a wide range of financial solutions tailored to your needs.

Check Your Loan Eligibility

In just a few clicks,
find out how much you can borrow with Mitra Loans.

Mitra Loans is a trusted brand under Ecomitra Consultancy Services India Pvt Ltd. With a strong foundation in the financial services sector, we have established ourselves as a reliable partner for thousands of customers across India.

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