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Eazy Loan

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Personal loans experience.

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About Us

Serving Since 2010

Our History

At Eazy Loan, we understand that life presents opportunities and sometimes, unexpected needs. For the past 15 years, we’ve been a trusted financial partner for individuals across Mumbai and beyond, providing accessible and convenient personal loan solutions. Rooted in a deep understanding of the Indian financial landscape, we’ve built our reputation on transparency, reliability, and a customer-centric approach.

From humble beginnings, we envisioned a lending process that simplifies access to funds, eliminating unnecessary complexities and delays. Over the years, Eazy Loan has evolved, embracing technological advancements to streamline our application and approval processes, ensuring a seamless experience for our borrowers. Our dedicated team of experienced professionals is committed to understanding your unique financial requirements and guiding you towards the loan solution that best fits your needs.

We believe in fostering financial inclusion and empowering individuals to achieve their goals, whether it’s funding education, covering medical expenses, renovating your home, or simply managing unforeseen circumstances. Our commitment extends beyond just disbursing loans; we strive to build lasting relationships with our customers, offering support and guidance throughout their borrowing journey.

As a responsible lender operating in Mumbai, India, we adhere to the highest ethical standards and regulatory guidelines. Our transparent terms and competitive interest rates reflect our commitment to providing fair and affordable financial solutions. We take pride in our long-standing presence in the market, a testament to the trust and confidence our customers have placed in us over the years.

Looking ahead, Eazy Loan remains dedicated to innovation and continuous improvement. We are constantly exploring new ways to enhance our services and leverage technology to make the borrowing experience even more convenient and efficient. Our mission is to be the preferred personal loan provider in India, known for our speed, reliability, and unwavering commitment to our customers’ financial well-being. We invite you to experience the Eazy Loan difference – a seamless path to achieving your financial aspirations.

Let everyone in need get access to instant financial solutions rapid & fast.

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Loan Calculator

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Eligibility Criteria for Personal Loan

 

Check your eligibility before applying for personal loan basis your employment type.

Salaried Employees:

Personal Loan Eligibility
  • Minimum age to apply for personal loan should be 21 years.
  • Maximum age at personal loan maturity should be 60 years or retirement age whichever is earlier.
  • Minimum net monthly income should be Rs.25000 for personal loan online application.
  • Should have completed minimum 2 years in employment and minimum 1 year in the current organisation.
  • Should have completed minimum 1 year of stay at the current residence, if rented.
  • Should have good CIBIL score, preferably 730 or above.

Self Employed Professionals:

  • Minimum age to apply for personal loan should be 25 years
  • Maximum age at loan maturity should be 65 years
  • Minimum annual net income post tax should be Rs.4.8 lakh
  • Should have 4 years of post qualification experience

Self Employed Individuals:

  • Minimum age to apply for personal loan should be 25 years
  • Maximum age at loan maturity should be 65 years
  • Minimum annual net income post tax should be Rs.4.8 lakh
  • Should have 5 years of post qualification experience

Documents required for Online Personal Loan

  • No physical documentation is required for online personal loan
  • Keep your PAN number and Aadhaar number handy to get started with your online personal loan application

For offline personal loan application, keep a physical copy of Identity proof, Address proof, Income proof, Bank statements showing salary credits. 

How to Apply for an Instant Digital Personal Loan

Apply for an instant personal loan anytime, from anywhere through our 100% digital application process.

Personal Loan EMI Calculator

Plan your repayments effectively using our Personal Loan EMI Calculator. This tool helps you estimate your monthly instalments based on the loan amount, tenure, and interest rate.
 

How to Use the Personal Loan EMI Calculator

Step 1: Enter Loan Amount – Input the desired loan amount

Step 2: Select Tenure –

Choose the repayment period (12 to 84 months)

Step 3: Input Interest Rate – Enter the applicable interest rate

Step 4: Calculate EMI – Click on ‘Calculate’ to view your monthly EMI

FeatureInstant Personal LoanRegular Personal Loan
Approval TimeIn-principle approval within minutesTypically takes 2 – 4 days
Disbursal TimeImmediate upon approvalAfter completion of verification processes
DocumentationMinimal; requires only PAN and Aadhaar details, no physical documentation neededComprehensive documentation including income proof and banking proof
Loan AmountUp to ₹5 lakhUp to ₹50 lakh
Interest RatesStarting from 10.49% p.a.Starting from 10.49% p.a.
Tenure12 to 48 months12 to 84 months
 

Impact of Personal Loan on Your Credit Score:

Taking a personal loan can affect your credit score in several ways-

  • Timely Repayments Improve Credit Score: Consistently paying your EMIs on time boosts your creditworthiness
  • High Credit Utilization Can Lower Score: Taking a large loan amount relative to your income might negatively impact your score
  • Hard Inquiries Reduce Score Temporarily: Each loan application triggers a credit check, which can slightly reduce your score
  • Defaulting on EMIs Can Damage Creditworthiness: Missing payments can significantly lower your credit score and impact future borrowing
 
Steps to Improve Your Credit Score:
 
Want to enhance your credit score before applying for a personal loan? Follow these steps-
  • Pay EMIs & Bills on Time – Timely payments help maintain a strong credit profile
  • Avoid Multiple Loan Applications – Frequent loan inquiries can lower your score
  • Maintain a Low Credit Utilization Ratio – Keep credit card usage under 30% of your limit
  • Check Your Credit Report Regularly – Identify errors or inconsistencies and get them corrected
  • Maintain a Healthy Credit Mix – A combination of secured and unsecured loans can boost your score
 

Common Mistakes to Avoid When Applying for a Personal Loan:

Avoid these pitfalls to ensure a smooth loan approval process-

  • Not Checking Eligibility – Applying without meeting the required criteria may lead to rejection
  • Ignoring the Interest Rate & Charges – Focusing only on EMI and ignoring processing fees or penalties can be costly
  • Applying for Multiple Loans Simultaneously – Too many inquiries can lower your credit score
  • Opting for a Longer Tenure Without Assessment – While longer tenures reduce EMI, they increase overall interest costs
  • Providing Incorrect Information – Any discrepancies in documents or application details may lead to rejection
 

Key Terms Related to Personal Loan:

Understanding these key terms can help you make informed decisions-

  • Foreclosure Charges – The fee applicable, if you decide to repay the loan before the tenure ends
  • Processing Fee – A one-time charge deducted from the loan amount during disbursal
  • Prepayment Charges – Additional costs levied if you choose to pay off part of your loan before the tenure ends
  • Loan Tenure – The duration over which you will repay the loan
  • EMI (Equated Monthly Instalment) – The fixed monthly payment that includes principal and interest
  • Credit Score – A three-digit number (typically 300-900) indicating your creditworthiness
  • Debt-to-Income Ratio – The percentage of your income that goes towards debt repayments, influencing loan approval
  • Floating Interest Rate – An interest rate that fluctuates based on market conditions or changes in the benchmark rate
  • Fixed Interest Rate – A stable interest rate that remains constant throughout the loan tenure, ensuring predictable EMIs without being affected by market changes


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