Mirae Asset Financial Services (India) has launched personal loans ranging from ₹75,000 to ₹5 lakh for salaried employees with monthly income above ₹25,000 in select cities.
The non-banking finance company, which is a subsidiary of Mirae Asset Group, said in a statement that a borrower can complete the entire loan process (from application to approval) in 10 minutes through its website and/or mobile app. Due to which the need is eliminated. For branch visits or physical paperwork.
“Personal loan interest rates start from 14 per cent per annum and tenures range from 6 to 48 months,” it says.
The NBFC said eligible borrowers must have a minimum credit score of 700 and at least 12 months of work experience.
Initially, available at select locations across the country, the product is open to individuals aged 22 to 55 years.
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Eligibility of applicants will be assessed based on their credit profile, employment information and salary details.
With the launch of personal loans, the NBFC has expanded its product portfolio to include unsecured retail loans, adding to its existing offering of loans against mutual funds, loans against shares and corporate loans.
Krishna Kanhaiya, Chief Executive Officer, Mirae Asset Financial Services (India), said, “With the launch of Personal Loans, we are taking an important step towards becoming a full-service NBFC. Personal loans will enable us to serve a larger number of people and further diversify our customer base.”
(TagstoTranslate)Mire Asset Financial Services(T)Personal Loan
