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A personal loan can be used for almost any type of expense ranging from big ticket appliance purchases and home renovations to luxury vacations and weddings. Some other cases where personal loans may be useful include payment of unexpected medical bills, fixing your car or relocating to a new city.
You must have a regular source of income to avail a personal loan. A person’s eligibility is also affected by the company he/she is employed with, his/her credit history, his/her residential location and other factors as per the lender’s criteria.
Eligibility of salaried:
- Individuals above 21yrs
- Borrower should be with the current employer for minimum 1 Year.
- Minimum Net Salary 18000 Per Month.
- Salary should be credited through Cheque or in bank account. No cash.
The documents required to process personal loans:
- Identity proof (any one)
- Pan
- Masked Aadhar
- Driver’s
- Voter Id
- Passport
- Current / permanent residence address proof (any one)
- Phone bill
- Electricity Bill
- Gas bill
- Masked Aadhar
- Driver’s
- Voter Id
- Passport
- Salary slips for 3 months
- 6 months Bank Statements
- Appointment letter and proof of work experience
- Photograph
Please note: Identity and Address proof cannot be the same
You can get a personal Loan from ₹50K upto ₹10lakhs
12 months, 18 months & 24 months.You can choose from any of the three tenures
Yes, Retra charges a non-refundable processing fee for every personal loan application. The processing charge to avail personal loan ranges from 1.5% to 2% (subject to change) of the loan amount plus GST as applicable.
Yes, we require a CIBIL score. Credit scores are important benchmarks that allow lenders to offer the lowest rates. To learn more about credit scores, click here. Apply Now to check your eligibility and avail low-cost credit.
Get in touch
Whats App :- 9326269594
Request a call back :- Just leave your Name & contact now do let us know the good time to talk with you.
Email : info@retrafinance.com
- SME Business Loans- Collateral free loans from INR 3.5 lacs upto INR 45 lacs
- SME Equipment Loans- Loans from INR 5 lacs upto INR 2.5 crs offered against hypothecation of machinery
- SME Secured Loans- Loans from INR 1 lac upto INR 25 crs offered against residential, commercial and industrial properties
Sole Proprietorship Firms, Partnership Firms, Private Limited Companies and closely held Public Limited Companies can avail this product provided they have a good credit history.
- Financials & ITR
- Business Loan – 2 Years
- Equipment & Secured Loan – 3 Years
- Primary bank statement for last 6 months
- KYC documents of director(s)/partner(s)/ firm
- Existing Facility/ Loan Sanction Letters
- Machinery Invoice (if applicable)
SMERR is SME Reference Rate which is used as a benchmark rates for all SME Lending Loan products.
Current SMERR is 19.5%
We offer only fixed rate of interest under this product.
We offer a flexible tenure of upto 48 months for SME Business Loans.
5-7 working days post receipt of complete and correct documentation required for processing the loan