Personal Loan – Your Friend in Need

Updated on: 19 Jan 2024 // 3 min read // Personal Loans
Author :(466 posts)

We all have that one friend on whom we can always rely during all ups and downs in life. We know that this particular friend will always be there to extend a helping hand when we are in urgent need. However, there are some problems in life that may not be solved by even our dearest friend. One of such issues is a financial crisis. There may be circumstances when we are in urgent need of money to cater to an immediate financial need, but our friends could not help us because of their own financial position.

What can be done in such a situation? On whom we can rely on during those blue days?

Well, on this Friendship Day (i.e., 5th August 2018) we bring to you a friend who will always be there for you to help you with your financial needs – Personal Loan.

Like any selfless friend, this friend too doesn’t ask you to pledge your valuable asset as collateral to get funds when you need them the most. Personal Loans come with affordable interest rate and flexible loan tenure so that you can repay them conveniently.

Here are some important reasons why Personal Loans can be considered your reliable friend in times of financial needs:

Applying for a Personal Loan is quick and easy:

If you want to Get an Instant Personal Loan, apply online.

To get a Personal Loan, you are not required to provide any collateral:

Your regular income flow and good credit score (700 or above) are enough.

It is a multi-purpose loan:

You can avail this loan to finance any of your needs including medical expenses, wedding, vacation, immediate surgery or treatment, debt consolidation, educational expenses, and so on. You don’t need to reveal the purpose of availing a Personal Loan to the lender.

Affordable interest rate:

Unlike Credit Cards, Personal Loans are affordable and convenient to repay. You can choose an amount of loan and EMI (Equated Monthly Instalment) as per your repayment capacity.

Flexible tenure:

You can repay these loans within a convenient repayment tenure ranging from 1 year to 5 years.

Desired loan amount:

You can avail an amount of 50,000 to 50 Lakhs, depending on your requirement and repayment capacity.

Minimum documentation:

As these loans are not backed by any collateral, you don’t require submitting a long list of documents to avail them. Just submit the following documents and get a Personal Loan instantly:


PAN Card/Aadhaar Card/ Driving Licence/ Voter ID/ Passport/ Registered Rent Agreement

Income Documents for Salaried Individuals:

Salary slips for the last 6 months/ IT Return along with Form 16 for the past 2 years/ Bank Account Statement of previous 3 months that reflects your salary credits and other income/ Employment certificate from current employer

Income Documents for Self-employed Professionals:

Financial statements that include Balance/ Sheet and Profit and Loss Statement/ IT Returns for the last 2 years/ Proof of continuity of business income such as Bank Account Statement/ Evidence of doing business like GST Registration

Other Documents:

Recent passport-sized photographs, loan application, security cheques.

These benefits make Personal Loans an amazing financial product to cater to your financial exigencies. So, if you are in need of immediate funding, seek help from your friend in need, i.e., a Personal Loan. For quick processing and instant decision, apply for a Personal Loan online through MyMoneyMantra.

Also Read: Personal Loans Types for Salaried Professionals

To apply online for Credit Cards, Secured Loans and Unsecured Loans, visit www.mymoneymantra.com, the leading online lending marketplace that offers financial products from 70+ Banks and NBFCs. We have served 2 million+ happy customers since 1989.