Are your monthly plans often hindered by unforeseen expenses? My Mudra understands the financial challenges faced by salaried employees and presents an ideal solution – Personal Loans tailored for you. Whether it’s a medical emergency, dream vacation, education goals, wedding arrangements, or home renovations, My Mudra’s Personal Loans offer a stress-free way to manage unexpected expenses.
Features:
- Stress-free Source of Funds:
- Say goodbye to financial stress and confidently pursue your plans with My Mudra’s instant personal loans for salaried employees.
- No Need to Dip into Savings:
- Avoid depleting your savings for sudden expenses; opt for a loan that caters specifically to the needs of salaried individuals.
- Quick and Easy Loan Disbursal:
- My Mudra ensures a swift approval process, taking less than 4 hours to get your Personal Loan approved. Pre-approved customers experience an almost instant process.
- Competitive Interest Rates, Flexible Tenure:
- Enjoy competitive interest rates for Salary Account holders and existing customers with good credit history. Choose a repayment tenure from 12 to 60 months.
- Minimal Documentation:
- Complete most of the process online, reducing the need for extensive paperwork. Basic identity, income, and address proofs are all you need.
- Flexibility of Purpose:
- My Mudra’s Personal Loan for salaried employees can be used for various purposes, from family weddings and home renovations to education funding and medical emergencies.
Eligibility:
- Salaried employees at select private limited companies and public sector undertakings.
- Age between 21 and 60 years.
- Minimum job tenure of 2 years, with at least 1 year with the current employer.
- Minimum net monthly income of Rs 25,000 for Salary Account holders, and Rs 50,000 for non Salary Account holders.
Documents:
- Identity proof, address proof, bank statements for the previous 3 months, two latest salary slips, and proof of end use.
Interest Rates & Charges:
- Interest rates range from 10.50% to 25.00%, with processing fees up to Rs 4,999 + GST.
FAQs:
- What is a Personal Loan for salaried?
- My Mudra’s Personal Loan for salaried individuals is designed to meet unforeseen expenses or fund various plans without restrictions on end use.
- How to apply?
- Apply online through My Mudra’s website, mobile app, NetBanking, or visit a branch.
- What can it be used for?
- Personal Loans for salaried can be used for medical expenses, vacations, education, weddings, debt consolidation, or home improvement.
- How quickly can I get it?
- Pre-approved customers can get funds in 10 seconds.
- How much loan can I take?
- Personal loans for salaried individuals range from Rs 50,000 to Rs 40 lakh.