PhillipCapital - Product - Personal Loan

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Product - Personal Loan

PERSONAL LOAN

Overview

At Phillip Finance and Investment Services India Private Limited, we firmly believe that “An individual with an intention and an ability to pay back should not be denied access to credit”. It is this principle that drives our Personal Loans product where we try and finance individuals who are normally denied access to unsecured credit by traditional banking channels.

This product is ideal
for individuals who want to

Improve CIBIL / Credit score
Pay off credit cards
Pay off loans from friends /
relatives
Pay off money lenders
charging 5%-10% per month
Benefit from
Total Family Income
Avail loans whilst working
in proprietorships

Key
Features

Loan Amount – Rs. 1 to 10 lakhs
Rate of Interest (FLAT) – 15% to 30% per annum
Rate of Interest (Reducing) – 24% to 55% per annum

1 Year lock in period
0% + GST pre-payment penalty
Tenure – 1 to 3 years
Overdraft Facility available

Part payment - Available
Guarantor Requirement – Flexible
Geographical Limits Mumbai, Navi Mumbai & Thane

Documents
Required

Photograph
PAN Card
Aadhaar Card
Electricity Bill
Last 3 months Salary Slip
Last 1 year banking