Posted on Friday April 5th, 2019

Everyone faces a financial emergency at a certain point of life due to different situations and circumstances that you can’t deal with your savings. With the drastic evolution in lending sector, securing a financial assistance has become very convenient for the customers. Financial assistance as in loan is one of the quickest and easiest way to opt for. Personal Loan comes with an exclusive feature that it is not for specific purpose as home loans or business loans are. The Personal Loan from ShubhBank can be a solution to your financial needs that comes with easy formalities. Securing a loan from us is not a big task as you do not need to visit bank with piles of documents to get the loan approval. Loan can be availed online within day be applying it on our website


Hassle free application: In a situation of emergency, you don’t have enough time to go to bank to apply for a loan. At ShubhBank, you can apply online for loan from the convenience of your home or office. The loan process is very quick and the loan money is credited within few days on approval.

No need to disclose the loan purpose: You can Apply For a Loan without disclosing the purpose. It can be used as multi-purpose loan in any kind of financial glitch, be it a home renovation, wedding or a medical emergency.

No collateral required: It is a collateral free loan that can be used for any purpose, so it comes with high rate of interest.

A personal loan is definitely the easiest way to raise funds when a financial crunch comes your way. It is preferred by a lot of people as there are no formalities or long paperwork involved in this. Some of the factors that should be needed to clear the eligibility checks are you should be resident of India and be at least of 21 years old to 60 years old and you should have a regular source of income. The documents required to apply for a personal loan are PAN card, address proof, bank statement of last 6 months, salary slip, ITR statement etc. You don’t need to visit the branch and can easily apply online for it. Applying online helps you to calculate the EMI using our online EMI calculator by filling some details like loan amount you need and your income.

Many banks and NBFCs provide the loan money you need but you should be aware of non-certified lenders. ShubhBank provides you the various options to explore and go for a loan that is more convenient and fulfill your need of urgent cash. Being an unsecured loan, it comes with very high rate of interest, so frequent borrowing should be avoided as if not repaid on time; it might impact your credit score negatively. We only advice you to be careful while borrowing so that you won’t feel debt trap while repaying, so borrowing funds should be considered last option to avoid any surprise in future.