Personal Loan
Personal loan is a secured loan granted to Individuals for immediate personal need for funds.
Mansa Mata Finance offers personal loan facility to individuals with a good credit score and a verified source of income. This loan product helps you to borrow funds to pay for varied personal expenses such as medical expenses and emergencies, purchase of household products, children's education, arranging that dream wedding, planning international trips among many others. Also, you can transfer your existing high interest Personal Loan to Mansa Mata Finance as well. With a quick approval for Personal Loans, turn your dreams into reality!
To understand how much you need to pay per month, there is a Personal Loan calculator at developed by Mansa Mata Finance for your ease. We believe in transparency and convenience. You can choose your tenure and the amount that you are comfortable repaying each month for the chosen tenure. With the Personal Loan EMI Calculator, you can also calculate the compound interest and know exactly how much is the outgo - including the interest.
Features
- Security (shares or property) equivalent to atleast double the amount of loan required
- Applicant can club income of co-applicant to enhance eligibility
- Speedy Loan sanction
- Tenure: 12 to 60 months
Benefits
- Speedy approvals
- Simplified documentation
- Individual (should be major)
- Holder of Valid PAN Card
Please refer to your sanction letter / welcome letter for details of various charges.
- Application Form
- KYC documents
- Last six (6) months bank statement
- Identity proof : PAN card
- Address proof: Passport / electricity bill or driving license
- Passport Size Photograph
-
How do I pay my EMIs?
Your monthly EMIs will be deducted from your bank account where money is credited on a fixed date as per your NACH (National Automated Clearing House) mandate. -
What is the turnaround time for deciding on a Personal Loan application?
Mansa Mata Finance will convey its decision within 30 working days from the date of receipt of the application, provided the application is complete in all respects. The computation of 30 days shall start from the day on which all documents required for proper appraisal of the application are provided by the customer. -
Can I make part prepayment towards my Personal Loan? Will any charge be applicable?
The decision regarding approval for part prepayment towards the personal loan (and charges, if any) shall be taken by Mansa Mata Finance on a case to case basis. -
Can I foreclose my Personal Loan?
The decision regarding approval for foreclosure of the personal loanshall be taken by Mansa Mata Finance on a case to case basis. -
What tenures are allowed for the Loan?
The personal loan tenures are between 12 months and 60 months. -
Can I Add a Co-applicant?
Yes, a co-applicant can be added in order to get a better credit score and avail a higher loan amount.