Personal Loan Alas

A personal loan is one type of loan that can be availed for any purpose including but not limited to a medical emergency, organizing a wedding, a vacation plan, renovating a house, etc. from a bank or Non-Banking Financial Company. There are absolutely no restrictions on how you spend the loan amount, which makes it easy for a person to utilize it for his/her personal needs, hence leading to the term “personal loan.” Apply today –

Eligibility criteria for Personal Loan Alas

For Salaried Individuals:

First of all, the eligible age for applying for a personal loan is from 21 years to 60 years.
After that, the salaried applicants with monthly income Rs.18,000 or more can avail the services of personal loans.
Also, the work experience of the applicant before the completion of document procedures should be 3 months and more.
Furthermore, the applicant should be a permanent citizen of India.

For Self Employed Individuals:

Firstly, the minimum age required is 25 years, and the maximum age applicant can avail the benefits of personal loan is 65 years.
Secondly, the applicant should be a persistent income taxpayer of the Indian government for the last 3 years or more.
Thirdly, the applicant should have an existing account with the bank for more than 6 months.
Both the salaried and self-employed applicant should have a CIBIL(Credit Information Bureau of India Limited) score of more than 700.

Why Personal Loan Alas?

Personal loans are a great way to counterbalance any of your temporary financial exigency situations, as it allows one to avail a loan without any pre-conditions on the usage of the loan amount.
Ease of Availability: Almost all lenders and NBFC’s today offer personal loans for their customers as they are not so expensive and are available at reasonable interest rates, turning into one of the lucrative options to overcome one’s immediate financial need.
Minimal Documentation: Getting this financial product requires minimal documentation as it on your credit score and current monthly income. Well, if you are thinking to apply for personal loans- certain things need your attention to help you make the most of your loan.

Documentation for Personal Loan Alas

First of all, one residence proof. It can be PAN Card / Voter ID Card/ Aadhar card/ Passport/ Driving License/ Ration Card/ Rental Agreement or Lease Agreement / Utility bills of last three months by the name of the applicant.
After that, the applicant is required two colored passports sized photographs while applying for a personal loan.
Furthermore, if the applicant is salaried, then he/she has to submit his/her salary slip of the past 3 months, and if the applicant is self-employed, then he/she have to attach a document supporting his/her claim of paying ITR(Income Tax Return) for at least 3 years.
In addition to this, one proof of Identity of the applicant. It can be PAN Card /Voter ID Card/ Aadhar Card / Passport/ Driving License.
Lastly, the applicant should have a bank account which has been in use for more than six months before applying for a personal loan.

Interest rates for Personal Loan Alas

The minimum interest rate is 10.75% per annum or less than 1% per month.
Moreover, the foreclosure services are available only after the completion of the 1st year of the loan tenure. The prepayment fee is 0-2% of the total amount of the loan.
In addition to this, the Processing fees is 0-2% of the total amount of the loan.

How to apply online for a Personal Loan Alas?

Firstly, fill in your required details in the web form on
After that, we will be in touch with you within 30 minutes.
Furthermore, if you justify the eligibility criteria, we will choose the loan which suits you the best.
In addition to this, submit the required documents with our representative, who will get in touch with you.

About Alas

Alas is a small village in tehsil Shirol of Kolhapur district in Maharashtra, India. It is 11km away from sub-district headquarter Shirol and 65km away from district headquarter Kolhapur. As per 2009 stats, Alas village is also a gram panchayat.