“Secure, Flexible, Trusted – Personal Loans Made Easy”
Explore flexible Personal Loan options tailored to meet your needs.
Get Closer to Your Goals with a Instant Personal Loan
Get closer to your goals with an instant personal loan. Enjoy quick approvals, minimal documentation, and flexible repayment options to meet your needs—whether for travel, education, or emergencies.
OVERVIEW | FEATURES | ELIGIBILITY | DOCUMENTS | EMI CALCULATOR | FAQ`s
Personal Loan Features
Offers for New Customers
3 Unique Variants
Loan of up to Rs. 40 Lakh
Tenure of up to 84 Months
No Guarantor / Collateral
No Hidden Charges
Features and Benefits of our Personal Loan
A personal loan is an unsecured loan that is not backed by collateral or security. This makes it a flexible financing option, as there are no limitations on its use.
The followings are the ways a personal loan can be useful:
Debt consolidation: Combining multiple debts into a single loan with a lower interest rate to save money on interest payments and make it easier to manage debts.
Home renovation: Using a personal loan to fund home renovation projects can increase the value of your home and improve your living conditions.
Medical expenses: If you have unexpected medical expenses, such as emergency surgery or hospitalization, a personal loan can help cover the costs.
Emergency expenses: A personal loan can help cover unexpected expenses like medical emergencies or car repairs to avoid financial hardship.
Vacation/traveling costs: Using a personal loan for a vacation or travel expenses can spread the cost of a trip over time and avoid using high-interest credit cards, but it’s important to manage the debt wisely.
Education costs: If you’re considering going back to school or need to pay for educational expenses, such as tuition or textbooks, a personal loan can help.
Business expenses: If you’re an entrepreneur or small business owner, a personal loan can help you finance your business expenses, such as inventory or equipment.
Personal Loan Eligibility and Documents
Personal Loan Eligibility Criteria
To qualify for a personal loan, you have to meet certain criteria. Below are the important factors that lenders take into consideration to decide your eligibility for a personal loan.
Age should fall under the range of 21 years to 60 years
Net monthly income should be 15,000/- for salaried and self-employed, yearly transactions should be a minimum of 20 lakhs
Credit score must be above 650
Debt-to-income ratio
Employment stability
Maintained a good credit score
Clear repayment history
Must be a Resident Citizen of India
Check eligibility for personal loan
Read on to know the criteria required to apply for our Personal Loan.
Documents required to apply for Personal Loan
Identity Proof – Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card
Proof of Residence or Address Proof – Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card, Electricity Bill, Telephone Bill, Ration Card
Age Proof – Passport, Voter’s ID, Driving License, PAN Card, Aadhaar Card
Income Proof – 1 year Bank statement, 3 months Salary Slips
Employment Proof – Employment Certificate, Office address proof
GST or VAT Registration for Self-employed
Photograph – Passport-size photographs
Business proof – Business registration documents such as a partnership deed, Memorandum of Association (MOA), Articles of Association (AOA), etc.
Income tax returns – Documents of the past 2-3 years to verify income and tax payment history
EMI Calculator for Personal Loan
An EMI calculator is a useful tool that can help you estimate the monthly installments you will have to pay towards your personal loan within a specific period. Personal Loan EMI calculator, you can calculate your EMI beforehand, which can help you plan your finances better. Additionally, you can check your eligibility and compare different loan options using Ruloans Personal Loan calculator.
Frequently Asked Questions
Find answers to commonly asked questions about our products and services.
What is Ruloans known for?
Ruloans is India’s leading loan distributor, facilitating a wide range of financial products including Home Loans, Personal Loans, Business Loans, Loans against Property, Education Loans, Credit Cards, Gold Loans, and more, along with Insurance.
Why choose Ruloans?
We at Ruloans offer our expertise, a diverse range of financial products, seamless digital processes, and unwavering support to help DSAs succeed in the financial market.
What is in store for you?
Ruloans facilitate a wide range of financial products, including Home Loans, Personal Loans, Business Loans, Loans against Property, Education Loans, Credit Cards, Gold Loans, and more, along with Insurance.
How to apply for a loan?
Step 1: Ascertain your requirement. Figure out why you need a loan and how much you need.
Step 2: Check your loan eligibility. You can find out your eligibility on our website via Ruloans Eligibility Calculator.
Step 3: Calculate monthly installments. You can calculate your EMIs using Ruloans EMI Calculator for an accurate and instant result.
Step 4: Approach the bank. You can reach our financial experts who are always on their toes to guide you to a quick loan disbursal at the most desirable rate.
Step 5: Submit documents. You can check our website for details regarding the documents required while applying for a loan.