To apply for a personal loan, you must be between 21 to 60 years of age, have a regular source of income (salary or business), and meet the minimum credit score requirement set by the lender.

Exact eligibility may vary depending on your income, employment type, and loan amount.

Loan approval time depends on the lender and the type of loan. For personal loans, approval can happen within 24–48 hours if your documents are in order.

Home or business loans may take 3–7 working days due to additional verification.

Yes, most lenders allow loan prepayment or foreclosure. However, some may charge a small prepayment fee based on the remaining loan balance and tenure.

Prepaying your loan early helps reduce overall interest payments.

Common documents include:

• Proof of identity (Aadhaar, PAN, Passport)
• Proof of address (Utility bill, Rent agreement)
• Income proof (Salary slips, ITR, bank statements)
• Photographs and duly filled application form

Missing an EMI may result in penalty charges and negatively impact your credit score. It’s important to inform your lender in advance if you expect a delay in payment.

Some lenders also offer EMI rescheduling or grace periods under certain conditions.