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What is Personal Loan?


“Personal Loan is a part of Collateral Free loan or Unsecured loan as it doesn’t require any security for it. It is best loan to meet your current financial requirements. Personal Loan are Ideal for those who need quick and easy loan with managable Interest rates and minimum documentation.


How to apply for Personal Loan?


Advantages of Personal Loan?

☞ No security required.

☞ No tracking of its use.

☞ Best option for meeting personal expences.


Minimum Requirements for Personal Loan

For Salaried

Minimum Revenue per annum

₹ 3,60,000

Credit Score

For Self Employed

Minimum Revenue per annum

₹ 6,00,000

Credit Score

For Salaried

For Self Employed


Documents required for Personal Loan?

For Salaried

Address Proof

Age Proof

PAN Card

Last 2 years ITR

Form 16

Last 6 months Bank Statement

For Self Employed

Address Proof

Age Proof

PAN Card

Last 2 years ITR

Last 6 Months Bank Statement

Last 2 years Profit & Loss statement

Balance Sheet Of last 2 years

Proof Of Business Existence

For Salaried

For Self Employed


Frequently asked questions

1. How can Personal Loan Help You?

In financial requirements getting a Personal Loan can be the easiest way to release your financial stress. LegalRaasta offers Personal Loan in the most easiest and convenient manner.

2. How Does Personal Loan Works?

Personal Loan are like any other loan. This loan is best suited for salaried people. Like any other loan you will have an agreement with the lender to pay back your loan in monthly, fortnightly or weekly repayments. To fulfil your short term and long term financial need you need a Personal Loan. Then you apply for loan where your suitability for loan is assessed, and if approved the lender will send you the funds for the loan. Repayments will include the principal loan amount adding the fees and interest. If you repay as set out in your loan contract, tour total loan will be repaid when your term ends.

3. Do you have to provide any collateral, security or guarantors?

“Offcorse not, at LegalRaasta you don’t have to provide any security, collateral or guarantee for getting a personal loan. We will provide you the loan based on your financials.

4. How can you repay the Loan?

The best way to pay monthly instalments is via ECS. You don’t have to draw a cheque every month or every fortnight. The amount which will be set during applying ECS gets automatically deleted from your bank account.

5.What Will Personal Loan Cost?

The cost of Personal Loan depends on following ways:
☞ How much is your salary if you are employed or how much are you earning if you are self-employed
☞ How much Loan do you need
☞ The tenure of the loan
☞ What is your credit score of your company

6.Who Can Qualify For Personal Loan?

TermsSalariedSelf-Employed
Age23 years – 58 years28 years – 65 years
Net Salary / Net Profit₹ 3,00,000 Per Annum₹ 2,00,000 Per Annum
Total time in job / Business1 year2 years
TermsSalariedSelf-Employed
Age23 years – 58 years28 years – 65 years
Net Salary / Net Profit₹ 3,00,000 Per Annum₹ 2,00,000 Per Annum
Total time in job / Business1 year2 years

See if you qualify

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1000+ Happy customers trust LoanRaahi Services

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Best customer service!!

I am very satisfied with the services and business relation with LoanRaahi. It was easy and simple to get any information regarding loan from them. Timely disburse of loan and well described loan application are the key highlight of the company.

Akshat Jain, Owner, Flexipipes Pvt. Ltd.

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Great Service & Speed!!

I had taken loan for the first time online. Instant assistance and patience from team LoanRaahi helped me apply and get loan easily. Will definitely recommend LoanRaahi for online loan.

Shikha Bhatia,
Founder, Shiksha Learning Academy

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Lean and Simple Process!!

I had to just fill 1-one at LoanRaahi. They automatically searched across 50+ partner banks and NBFCs and gave the best deal to me. They saved me a lot of effort and cost.

Nitin Bhatia, COO, CaterWow Pvt. Ltd.