Complete Guide to Personal Loans with Arish Online Services

At Arish Online Services, we offer expert guidance on personal loans, helping you secure the best financing options for your financial needs. Whether you need funds for medical expenses, home renovation, education, travel, or any other purpose, a personal loan can be the perfect solution. This guide will provide all the essential details, including eligibility, required documents, interest rates, and how to apply for a personal loan through Arish Online Services.

What is a Personal Loan?

A personal loan is an unsecured loan provided by banks and NBFCs to meet various financial needs. Unlike other loans, personal loans do not require collateral, making them a convenient option for quick funding. Arish Online Services helps you find the best personal loan offers with minimal paperwork and fast approvals.

Eligibility Criteria for Personal Loans

To apply for a personal loan through Arish Online Services, you must meet the following criteria:

  • Age Limit: Applicants must be between 21 to 60 years old.

  • Employment Status: Salaried employees, self-employed individuals, and business owners are eligible.

  • Minimum Income Requirement: Monthly income should be at least ₹15,000 to ₹25,000, depending on the lender.

  • Credit Score: A credit score of 700 or above increases the chances of approval.

  • Employment Stability: Salaried individuals should have at least 1 year of stable employment, while self-employed applicants should have 2-3 years of business continuity.

  • Residency: The applicant must be a resident of India with valid address proof.

Documents Required for Personal Loans

To apply for a personal loan through Arish Online Services, you need to submit the following documents:

  1. Identity Proof:

    • Aadhaar Card

    • PAN Card

    • Passport

    • Voter ID

    • Driving License

  2. Address Proof:

    • Utility Bills (Electricity, Water, Gas, etc.)

    • Rental Agreement

    • Passport

    • Aadhaar Card

  3. Income Proof:

    • Salary slips for the last 3-6 months (for salaried individuals)

    • Bank statements for the last 6 months

    • Income Tax Returns (ITR) for the last 2-3 years (for self-employed individuals)

    • Business financial statements (for business owners)

  4. Employment Proof:

    • Offer Letter or Employment Certificate

    • Business Registration Certificate (for self-employed individuals)

Interest Rates on Personal Loans

Through Arish Online Services, you can access personal loans with competitive interest rates ranging between 10% to 24% per annum, depending on:

  • Credit Score

  • Loan Amount & Tenure

  • Employment & Income Stability

  • Lender’s Policy

Loan Tenure & Repayment Options

  • Personal loans typically have a tenure ranging from 1 to 5 years.

  • Repayments are made through Equated Monthly Installments (EMIs).

  • Some lenders offer prepayment or foreclosure options with minimal charges.

Types of Personal Loans Available at Arish Online Services

  1. Medical Loan: Covers medical emergencies and healthcare expenses.

  2. Wedding Loan: Helps finance wedding-related expenses.

  3. Travel Loan: Funds domestic and international travel.

  4. Education Loan: Covers tuition fees, study materials, and other educational expenses.

  5. Debt Consolidation Loan: Helps combine multiple debts into a single manageable loan.

Why Choose Arish Online Services for Personal Loans?

  • Fast approvals with minimal paperwork.

  • Affordable interest rates with flexible repayment options.

  • Quick disbursal of funds directly to your account.

  • Personalized loan solutions to meet your financial needs.

  • Expert assistance to compare and choose the best loan offers.

How to Apply for a Personal Loan with Arish Online Services?

  1. Compare Loan Offers: Our team helps you find the best interest rates and terms.

  2. Check Eligibility: Use our online eligibility calculator.

  3. Submit Application: Apply online or visit our office for assistance.

  4. Provide Documents: Submit the required documents for verification.

  5. Loan Approval & Disbursement: Once approved, the loan amount is transferred directly to your bank account.

Final Thoughts

At Arish Online Services, we simplify the personal loan process by offering expert guidance and access to the best loan deals. Whether you need funds for emergencies or planned expenses, we ensure a hassle-free experience. Contact us today to get the best personal loan offers tailored to your needs!

 

Scroll to Top