Personal Loans for Life's Important Moments
Explore unsecured personal loan options with guidance on eligibility, repayment and documentation.
Understanding Personal Loan
What is a personal loan?
A personal loan is usually an unsecured loan — no collateral is pledged — given on the basis of your income, credit profile and repayment capacity.
What can it be used for?
Most personal financial needs, such as medical expenses, education, travel, weddings or home improvements, subject to lender policy.
Who may consider it?
Salaried individuals and self-employed professionals who need funds relatively quickly for a defined purpose.
Typical loan structure
A fixed amount repaid through EMIs over a shorter tenure than secured loans, as agreed with the lender.
Key Features & Use Cases
Availability of each option is subject to lender policy.
Medical expenses
Support for planned or emergency treatment costs.
Education
Fees, courses or skill development for you or your family.
Wedding & family events
Help managing costs of important occasions.
Travel
Funding for domestic or international trips.
Home improvement
Smaller repairs, furnishing or upgrades.
No collateral
Generally unsecured, so no property is pledged — subject to lender policy.
Typical Eligibility
Factors usually considered:
- Age within lender limits
- Monthly income and its stability
- Employer category or business profile
- Credit score and repayment history
- Existing EMIs and obligations
- Repayment capacity relative to income
Eligibility criteria may vary depending on the lender, applicant profile, income, credit history, property and other applicable factors.
Documents Typically Required
Basic KYC
- Identity proof (Aadhaar, passport, voter ID, etc.)
- Address proof
- PAN card
- Recent passport-size photographs
Salaried applicants
- Recent salary slips
- Form 16 / income tax returns
- Bank statements (typically last 6 months)
- Employment proof / ID card
Self-employed applicants
- Income tax returns with computation
- Audited financials / profit & loss and balance sheet, where applicable
- Business bank statements
- Business proof (GST, registration, licence, etc.)
Additional documents may be requested by the respective lender based on the applicant and transaction.
How the Process Works
- 01
Share Your Requirement
Tell us what you need through the form, WhatsApp or a call.
- 02
Profile & Document Review
We understand your profile and review the documents.
- 03
Explore Suitable Options
We help you compare options from our lending network.
- 04
Application & Lender Coordination
We assist with the application and coordinate with the lender.
- 05
Approval / Disbursement
As per the lender's process and assessment.
Guidance You Can Rely On
Personalised Guidance
Advice shaped around your situation.
Multiple Financial Solutions
Loans and insurance under one roof.
Transparent Communication
Clear updates, no hidden surprises.
End-to-End Assistance
Support from enquiry to completion.
Lender Coordination
We follow up so you don't have to.
Personal Loan — Frequently Asked Questions
Do I need collateral for a personal loan?
Personal loans are generally unsecured, so collateral is usually not required.
How is my eligibility assessed?
Lenders consider income, credit history, existing obligations and employment or business stability.
Can self-employed applicants apply?
Yes, with income proof such as ITRs and bank statements, subject to lender criteria.
Does my credit score matter?
Yes. A healthy repayment history generally improves the options available to you.
Can I prepay a personal loan?
Many lenders allow prepayment; applicable charges and conditions depend on the lender.
How quickly can funds be disbursed?
It depends on document verification and the lender's process.
Looking for the Right Personal Loan Solution?
Share your requirement and let our team help you explore suitable options.
Arthmitra Financial Services facilitates financial assistance and acts as an intermediary/channel partner where applicable. Approval, eligibility, interest rates, premiums, terms, documentation and other conditions are subject to the respective financial institution or insurer’s policies.