Understanding Personal Loan

A Fast-Track Way To Get Funds Quickly For Your Unexpected Financial Needs! A personal loan is referred to as the short-to-medium term unsecured loan, which can be used to meet personal needs and day-to-day emergencies. This type of loan is most commonly used to meet expenses related to unexpected medical bills, luxurious vacation, debt consolidations, home renovations, and other personal reasons. Now you don't further need to compromise with your dreams. With ITFI's simple loan processing and sectioning procedure, you can achieve all your goals in a single click.

Why Should I Apply For a Personal Loan??

Life is unpredictable, you never know when you find yourself in an urgent need of finance. Instead, begging your hands in front of family, friends or colleagues, your simple step to click www.itfi.in will arrange you a specific amount of money without leaving the comfort of your home. From having that perfect wedding to plan your long- awaited vacations, to pay unexpected medical bills to clear outstanding credit card’s bill, ITFI is here to provide personal loan from the amount of 1 lac to 25 lac with instant approvals for any personal needs.  

Why Choose Us?

ITFI is one of the leading financial distributors, based in Delhi, providing you a personal loan with instant approval anywhere in India. With decades of experience in processing personal loans, we have established a strong foothold in the industry. We have made the trust and earned the reputation of being India’s best financial distributors by offering the best offers and deals on personal loans. For us, our customers are our top priority and their satisfaction is the biggest certification that we proudly boast.

Managing Your Immediate Financial Need With Our Personal Loan

We understand the urgent financial needs of our clients, therefore, believe in offering such benefits to our customers to add an extra edge.
  • Easy and Simple Loan Process We have created a hassle free process for our consumers to get a personal loan. With our simple online personal loan procedure, customers can apply documents quickly. Our highly accurate and proficient Loan Calculator guides you the perfect EMIs for your loan.
  • Flexibility in Repayment Options Though, keeping our loan procedure simple and flexible, we enable customers to choose the tenure of their loan. Customers can use the Personal Loan EMI calculator to know the exact amount they are required to pay throughout the loan tenure to know the best repayment schedule that suits them the best.
  • Instant Loan Approval Customers can check their eligibility for an ITFI Personal Loan in less than a minute by using our quick eligibility calculator here and get instant loan approval to meet their immediate financial needs.
  • Easy To Apply Customers can easily apply to ITFI Personal Loan by using online services. Our quick, simple and user-friendly online services can provide you the right amount of money in the perfect time frame without leaving your comfort zone.
  • Privacy policy We, at ITFI, understands the value of your documents and ensure you that your valuables are in secure hands. We use a secure and private server to keep the privacy and transparency of online loan applications.

How to Apply For a Personal Loan at ITFI?

    Applying for a New Business Loan at ITFI involves five simple steps :
  • Step 1: Go to the 'Loan Against Property' page on our website and click on the 'Apply Now' button.
  • Step 2: Fill out the personal and financial credentials. Once completed, your eligibility will be checked by our highly proficient loan calculator.
  • Step 3: Once you clear the eligibility, our loan calculator suggests a list of banks and NBFCs that fits your eligibility criteria. From the name of the best financial institutions to interest rates to required documents, that list will include everything.
  • Step 4: By choosing your own choice of the financial institution from the given list you can quickly begin filling the form and upload the required documents as per their requirements.
  • Step 5: After uploading the documents, your application will be sent electronically to the bank you selected. Our team closely works with the loan department and will update you on the exact status via SMS.

ITFI Eligibility Criteria For Personal Loan

The eligibility criteria may vary from bank to bank and distributor. Customers can now immediately check their eligibility for a personal loan and arrange the documents to successfully apply for the loan. While applying for the personal loan, customers will be required to fill in details such as:
Particulars Salaried Borrowers Self-Employed Borrowers
Age 21 years to 60 years 23 years to 60 years
Income Rs. 15,000 (Rs. 20,000 in metros) Turnover of minimum Rs. 24,00,000 (differs for professional and non-professional
Minimum Loan Amount Approved Rs. 75,000 @Rs. 75,000 to Rs. 3,00,000
Maximum Loan Amount Approved Rs. 15,00,000 Rs. 15,00,000 to 20,00,000
Loan Tenure 12-72 months 12-48 months
*The eligibility criteria differ from bank to bank. The above details are generic, not specific.

What are the Documents Required to avail a Personal Loan?

Particulars Salaried Borrowers Self-Employed Borrowers
Identity Proof Passport, Driving License, Voters ID or PAN Card Passport, Driving License, Voters ID or PAN Card
Address Proof Passport or utility bills Passport or utility bills
Additional Documents Salary slips for last 3 months Proof of highest professional degree
Proof of highest professional degree Latest Income Tax Return Balance sheet
Profit and Loss for last 3 years certified by CA
*The list of documents differs from bank to bank. The above given list is generic, not specific.

How Can You Repay Your Personal Loan at ITFI?

Unlike other loans, personal loans are far easier and simple to repay. Firstly, depending on eligibility criteria, the interest rate varies on a personal loan. Once you are settled with the borrowed amount, choose your own choice of payback tenure in between 12 months to 60 months. To calculate the exact EMI amount, you can use our latest EMI calculator that clearly explains you the processing fee and interest rate along with your borrowed amount.

Frequently Ask Questions

Yes, banks do charge a processing fee of 2-3% on the loan amount. But you can negotiate with the bank to reduce the fee.

ITFI offers highly flexible repayment terms for individuals. The loan tenure for the same can vary from 1 year to 5 years.

ITFI has foreclosure facilities available with applicable charges. If the applicant has good financial or avail some extra funds, then you can choose to avail of this feature post 15 EMI.

Once the documentation has been completed, ITFI will approve the file in as little as 24 hours.

Documentation requirement has been mentioned for individuals whether salaried or self-employed. An applicant needs to submit identity proof, address proof, and income proof. Applicants keep in mind that all information given to ITFI will surely be verified before sanctioning a loan.

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