Unsecured Loans
Aphelion Finance is geared to meet the immediate financial needs of salaried and self-employed individuals/businessmen. We ensure that we are with our customers at every step of their journey, providing them with hassle-free services. Regardless of the reason for your requirement: education, business startup, business expansion, making down payments and more, this is the place where you will receive personalized attention, prompt processing, customized schemes, one-on-one service, flexible repayment options, easy EMIs and quick disbursals with the least difficulties. In addition to meeting varied needs of individuals, Aphelion’s loan schemes have served as stepping-stones for budding entrepreneurs.
Eligibility Criteria for a Personal Loan*
Eligibility Criteria for Personal Loan Application
| Loan Amount | Rs. 50,000 to Rs. 5,00,000 |
| Tenure | 1-3 Years |
| Minimum Lock In | 9 months |
| Top Up Criteria | Clearing of more than 50% of sum total amount of EMIs of previous scheme |
| Interest Rates | 21% p.a. and above |
| Residency | Mumbai, Navi Mumbai, Thane District |
| Geographical Limit | Bhayander (Western), Badlapur & Titwala (Central) and Belapur (Harbour) |
| Age | 23 to 58 or Retirement Age (whichever is lower - Tenure of Loan) |
- In case of Top Up, No Foreclosure Fees will be charged for closing the previous loan prematurely.
- In case the applicant does not own a house; he needs to add a co-applicant (a relative) who owns a house.
- Earning family members may be added as co-applicants in case necessary to structure a better loan scheme for the customer.
ONE guarantor will be required for all cases. The guarantor must own a house within the geographical limit mentioned above.
*Please note that the criteria will differ based on individual/business and type of loan which is being availed.
Documents Checklist for Personal Loan Application*
| No | Documents | Applicant | Co-applicant | Guarantor |
|---|---|---|---|---|
| 1 | Photos (Recent) -1 No | Yes | Yes | Yes |
| 2 | Income Tax & Identity Proof (Combined) PAN Card / Aadhaar Card |
Yes | Yes | Yes |
| 3 | Identity & Address Proof (Combined) Passport / Voters Id / Other |
Not mandatory | Not mandatory | Not mandatory |
| 4 | Address & House Ownership Proof (Combined) Electricity Bill / Property Purchase Agreement / Redevelopment Agreement |
Yes | Yes | Yes |
| 5 | Address Proof Telephone Bill / Leave & Leave & License Agreement |
Required only in case of Rented Premises | Required only in case of Rented Premises | Required only in case of Rented Premises |
| 6 | Relationship Proof Ration Card |
Yes | Yes | Yes |
| 7 | Income Proof Salary Slips / IT Returns |
Yes
Salaried - 3 months payslip Business - 3 years ITR |
Yes
Salaried - 3 months payslip Business - 2 years ITR |
Yes
Salaried - 1 months payslip Business - 1 years ITR |
| 8 | Savings Proof Updated Bank Statement |
Yes Salaried - l year Business - 2 years |
Yes Salaried - 6 months -1 year Business - 6 months - 2 years |
Yes Salaried - 6 months Business - 6 months |
| 9 | Cheques of above Bank A/c with S. V. | As per scheme/ECS | 1 Cheque in favour of AFPL | 1 Cheque in favour of AFPL |
- 6 months bank statement is acceptable at the time of login.
- S. V. (Signature Verification) is required only in case sign differs from Pancard / Passport.
*Please note that the checklist will differ based on individual/business and type of loan which is being availed.