About Personal Loan

Personal loan is the obvious choice if you need a finance for Personal finance, Medical emergency, Wedding purposes, Abroad travel, Holidays, Child education and for buying consumer durable things.

At Advania Group we understand that you have dreams and ambitions about improving the quality of your life. There are many things you want and need for your family: the best education for your children, improvements to your home, the ability to take advantage of great investment opportunities, post-graduate studies for yourself, or even a much-needed overseas holiday for the whole family.

Thanks to our personal loan, your dream could become a reality sooner with our fast loan processing service. We will process your Personal Loan and make it affordable by offering very competitive interest rates with Flexible repayment periods of up to 72 months.

We offer two types of personal loans:

  1. Salary Transfer Loan
    An unsecured personal loan facility for customers who receive their salaries in Advania Group Bank account.
  2. Deduction At Source
    This is a personal loan for employees of a company, which is administered through an agreement between Advania Group Bank and any participating organization. In most cases, repayments are made directly from payroll. This loan is also tailored to meet personal expenditure.
Apply for loan

Personal Loan Products

Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.

Medical Emergency

An unexpected emergency can hit you in more ways than one, out of which, the most catastrophic is a medical emergency. Taking a personal loan for medical emergencies ensures you do not face financial imbalance. Most of the times, medical expenses are over the head and can literally drain you of your money. The best way to deal with this situation is to take a personal loan which can be availed with very little hassle.

Wedding Purpose

A wedding is a joyful occasion (or should be!). But, as all recently married couples know, it can also be a very expensive one. Most weddings nowadays cost between £18,000 and £22,000, so it is hardly surprising that a lot of loved-up couples need to borrow to cover the cost of their nuptials.

A low-interest personal loan is one of the easiest and most convenient ways to fund your big day.

Abroad Travel

Plan an exotic vacation anywhere around the world with your loved ones. Choose Advania Group Personal Loan for Travel up to $50,000 and manage your ticket bookings, hotel accommodation and more.
Get the funds for the expenditure involved in going abroad for taking up employment. Manage your personal Life with Advania Group to fulfill your travelling abroad.

Child Educations

When it comes to all the building blocks that form a complete and successful life, nothing is as important as quality education. However, education, at least the commonly perceived ‘quality education’ as imparted by acclaimed and influential educational institutions, is decidedly costly and not easily available to everyone- especially those who deserve it based on merit alone. Thus, education loans are vitally important.

Get financing for whatever you need now

Enquire Now

Features of Personal Loan

A personal loan is a loan taken by an individual to fund any personal expense like, for example, a wedding, to make renovations to the home or even for a vacation. Unlike many other kinds of loan, there is no restriction on how the borrowed amount is finally used – the borrower has full freedom to use the money for any purpose they want.

Complete flexibility of end-use

There are no restrictions on how you should spend the loan amount.  This in contrast to a home loan or auto loanwhere the loan amount can only be used to buy a property or a vehicle respectively.  A personal loan allows you the freedom to use the money in any way you want.

Lack of collateral

A personal loan is an ‘unsecured loan’, meaning you are not required to provide any security to the lender in the form of cash, shares or any other assets.  This might make it more attractive to some customers who may not be able to raise the cash required as collateral.

Minimal paperwork

A personal loan requires very little paperwork when compared to other types of loans.

Easy repayment

Our Personal Loans come with a host of repayment options such as post-dated cheques, ECS, online payments of EMI and so on.

Personal Loan - Eligibility

Any salaried, self-employed or professional Public and Private companies, Government sector employees including Public Sector is eligible for a personal loan.

Age

Maximum age of applicant at loan maturity: 60 years

Income

Minimum Net Monthly Income: $ 180

Bank Account

Applicant should have a bank account with Advania Group.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

Yes. Though the exact amount of the minimum personal loan amount varies from one lender to another, most lenders have set their minimum personal loan principal amount at $500.

When calculating the maximum personal loan amount in case of salaried people, the bank/financial institution takes care that the EMI does not exceed 30% to 40% of the applicant’s take home salary.  Any existing loans that are being serviced by the applicant are also considered when calculating the personal loan amount. And, for the self employed, the loan value is determined on the basis of the profit earned as per the most recent acknowledged Profit/Loss statement, while taking into account any additional liabilities (such as current loans for business etc.) that the applicant might have.

Though the documentation requirements of personal loans vary from one financial institution to another, some of the key documents that you would need to provide with your personal loan application include:

  • Income proof (Salary Slip for salaried/recent acknowledged ITR for self-employed)
  • Address Proof Documents
  • Identity Proof Documents and others
  • Certified copies of degree/license (in case of self-employed professional) and others as per the lender’s criteria.

Approval of loan is at the sole discretion of the loan sanctioning officer who bases his/her decision on the basis of the criteria specified by the bank/ financial institution. The entire process can take from about 48 hours to about two week’s time. Once all the necessary documents are submitted and the verification process is completed, the loan, if sanctioned, is disbursed within seven working days by the bank. In order to avoid delays in loan processing and disbursement, do keep all necessary documents ready along with the post dated checks (PDC) and/or signed Electronic Clearing System form.

Yes. In addition to the interest payable on the principal amount, there is an additional non-refundable charge that needs to be paid when applying for a personal loan.  Processing fees, which are usually 1%-2% of the loan principal, are charged by the lender to take care of any paperwork that needs to be processed as part of the personal loan application process. This charge may be waived by your lender in case you have a long term association with the lender.

Apply For A Personal Loan Now

You have the option of either speaking to one of our representatives or you can also avail for a personal loan online in 3 easy steps.To apply for a personal loan online, use the form below.



Translate »