1. What is a Personal Loan?

A personal loan is a fixed amount borrowed at a fixed interest rate from a financial institution or an online lender and repaid over a fixed tenure which is pre-decided. It is a type of unsecured loan wherein you usually don’t pledge any security or a collateral at the time of availing it. You can avail it to fulfil any of your financial needs.

2. How Does Personal Loans Work?

When you apply for a personal loan, the lender approves the loan amount after checking your application. Once the amount is approved, you’ll receive the amount directly in your bank account. The entire loan amount should be payed back in instalments within a fixed timeframe specified by the lender. The personal loan interest rate is predetermined by your lender as per your application.

3. When can I avail a Personal Loan?

You can avail any of the types of personal loan whenever you have a financial need. It can be a medical emergency, when you want to buy a car, an upcoming wedding, going for higher studies etc.

4. Where can I apply for Personal loan?

You can download the Dhani personal loan app from Google Play Store or Apple App Store.

5. When will I get the amount disbursed into my account?

Dhani is created to provide personal loan disbursement directly into one’s bank account in a matter of minutes.

6. What are the Documents required for a Personal Loan?

There is no physical requirement of documents since they can be uploaded or linked in a hassle-free process. Below is the list of documents required at the time of application with Dhani:

1. PAN Card Details

2. Address Proof

3. Bank Details

7. What is Personal Loan Eligibility Criteria?

In order to avail a personal loan, an applicant must suffice certain minimal criteria.