Meca Finance
Personal Loan
Personal loans need no collateral and can be processed quickly. We compare offers to find a rate and tenure that fit your budget — and steer you away from offers that don’t.
Key features
- No collateral required
- Use for weddings, medical, travel or home needs
- Debt consolidation to simplify multiple EMIs
- Flexible tenures
Who can apply
- Salaried with a minimum monthly income set by the lender
- Self-employed with ITR history
- Credit history assessed by the lender
Documents needed
- PAN card
- Aadhaar card or other address proof
- Passport-size photographs
- Last 3 months’ salary slips
- Last 3–6 months’ bank statements
Eligibility criteria and documents vary by lender. Approval, rate and terms are decided by the lender.
FAQ
Personal Loan: common questions
Can I get a personal loan with a low CIBIL score?
It’s harder, but some lenders consider factors like income stability, employer and existing relationship. A secured option or co-applicant can also help. Approval is always at the lender’s discretion.
How quickly is a personal loan disbursed?
Once documents are complete and the lender approves, disbursement can be quick — sometimes within a few working days. Timelines vary by lender.
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