If you need to learn about loans and are wondering what the actual purpose of personal loans is, we are here to make things easier. Personal loans are unsecured loans which are free from any collateral. Personal loans come with a few limitations on how you use them. With Kridha Cashwave personal loans, you can invest it to clear your debt (from other loans or credit cards) and pay high-value prices for emergencies or for which you do not have cash. You must note that you cannot use personal loans for speculative purposes. You cannot use them to make investments in the stock market.
We are here to make. Life is simpler for people who need personal loans for sudden business or educational expenses, expenditures for a vacation, buying high-end electronic gadgets or household appliances, wedding expenses, emergency and costly medical expenses, home renovations and much more. If you have been longing to buy a vehicle for a long time, we are here to fulfil your dream. Our personal loan hosts a wide variety of uses. It will come in handy for your planned or emergency expenditure.
Our tips to apply for personal loans
You must be wondering applying for a loan, undergoing so many processes must be a hectic task. Stop over thinking since applying for personal loans is not a burden anymore with Kridha Cashwave!
- Make sure to research lenders properly.
Your first step in applying for a personal loan is to research various lenders and choose the one that best serves your needs best suits your needs. Before choosing, make sure to check out the interest rates, repayment terms, fees, and customer reviews.
- Check if you are eligible.
Before you apply for your loan, you must meet the eligibility criteria set by your chosen lender. Many factors, such as age, income, credit score, employment status, and residency, play a role.
- Gather Documents
Prepare the necessary documents such as identification proof, address proof, income proof and any other documents required by the lender.
- Decide the Loan amount.
Before approaching your lender, decide the loan amount you need and match if it suits your financial situation and whether you can repay it in the specified time.
- Check out your moneylender's website.
To stay on the safe side, make sure to visit your preferred lender's website. Plenty of lenders promote an online loan application process on their websites.
- Fill in the details in the form.
You need to provide all the accurate details on the online application form. Make sure to provide the required information. Input everything from personal details to employment details, income details, loan amount, and the reason behind the loan.
- Provide the necessary Documents.
You need to provide the scanned or digital copies of the documents asked by your specific lender.
- Check thoroughly and submit.
Please review all the information you've provided to ensure utmost accuracy. Also, please check the terms and conditions again and again before submitting the form.
- Have patience till approval
Once you have submitted the application form, all you have to do is wait. During this process, the lender will assess your application and your creditworthiness.
- Loan approval
Once your application is approved, the lender will send you a loan offer stating the details of the loan amount, interest rate, repayment terms, and other terms and conditions. You must check the letter carefully before accepting it.
- Agreement
After you go through the loan offer, and if you're satisfied with the loan offer, the next steps ask you to electronically sign the loan agreement.
- Disbursement
After agreeing and signing the letter, the lender will send the loan amount to your bank account. You need to wait a few days for this process.
- Repayment
Now, it's your responsibility to repay the loan according to the agreement. Try to repay it to avoid penalties or negative credit score impacts.
Why are clients choosing us?
There are plenty of reasons why we are often chosen and regarded to be the best in the market. We never fail to impress our clients! You will get to know below.
- Loan amount
Before you start the process of applying for a personal loan, it is crucial for you to know how much loan you want. If you are confused and can't fix an amount, our team of professionals is there to guide you. Also, our loan calculator will tell you the amount that best suits your needs. Kridha Cashwave tries to help its clients with personal loan options that align with their budget and financial goals.
- Loan repayment tenure
We are always against long tenure since, although initially, it will lower your monthly EMI burden, you will end up paying more total interest over the loan duration. We help you select a tenure that matches your repayment time frame. Moreover, we offer flexible tenure options so our clients can enjoy suitable arrangements that suit their financial capacities.
- Fewer documents
The application for personal loans has been made simple with us. We offer streamlined procedures where you must submit minimum documents, promising smooth verification and decision-making. Once you apply loan with us you will get an idea how hassle-free the entire process is!
- Rate of interest
We promise to give our clients the lowest interest rate possible to reduce their overall loan expenses. We are renowned for providing considerably lower interest rates.
FAQs
Will Kridha Cashwave offer me with personal loans?
Yes, we can offer personal loans to help you meet your financial goals. Have you been dreaming of planning a vacation or renovating your home? Are there any medical emergencies or wedding expenses? With us, you will get personal loans up to ₹15 lakhs. Keep all your worries aside as we are there to help you through your toughest moments in life!
What are the various types of personal loans?
With us, you will get unsecured personal loans that can be used for various purposes, from medical expenses and home renovations to travel. Some of them are:
- Wedding Loan
- Travel Loan
- Home Renovation Loan
- Student Personal Loan
- Medical Emergency Loan
- Consumer Durable Loan
- Personal Loan for Women
- Festival loan
- Personal loan for your children's future
Am I eligible to take several personal loans at the same time?
You are not eligible to take more than one personal loan at a time and that too from the same lender. However, you don't have any restrictions on applying for another loan from a different lender. You are better not advised to apply for unsecured loans from different lenders.
How do you repay your loan?
You can choose to pay your personal loan through EMI, which involves paying a certain amount of money that is automatically debited from your bank account every month. You can also choose other repayment options, such as foreclosing.
What is the process involved for the Kridha Cashwave loan?
Choosing Kridha Cashwave for a Personal Loan requires following a few easy steps. Our entire Personal Loan application process has been simplified. You can now complete your online Personal Loan application with just a few clicks.
Can I use a personal loan for my vacation?
Yes, you can definitely use a personal loan to cover the expenses that you need while you are on a trip or vacation. You can use your personal loan for various purposes, such as clearing your travel or trip expenses.
Are our interest rates high?
We have a decent range of interest rates, starting from just 10 percent per annum. These competitive interest rates, combined with a seamless experience, allow you to enjoy a completely paperless process that is fast and simple.
What are our loan features?
We process your pre-approved personal loans that get credited within 72 hours. Also, the website will send you periodic notifications on your registered mobile and email ID, reminding you of your EMI so you never forget to make your payments. This way you can make things easier for yourself and us.
How to apply for our personalized loans?
Applying for our loans has never been easier. Follow the steps below.
- Go through all your details.
- Select your loan amount and tenure to confirm the details related to your bank.
- You will get your loan deposited to your bank.
What about our repayment system?
Our loans offer flexible repayment options and competitive lower interest rates, which can help you manage your personal finances more easily.