Bankaspot or its associate will never demand any money for getting the loan processed. Any person/institution doing so will be solely doing at their own risk. Bankaspot will not be responsible for this act. If you find any person/institute doing this; Please call us immediately at given contact numbers or mail us at

0164-2910238,70979-64000   |   SCO-2,1st Floor, DD Mittal Tower Shopping Complex, Bathinda

  • Overview

    About Personal Loan

    A personal loan is usually of a smaller amount than a mortgage and used for personal purposes, instead of commercial/business needs. It includes loans for reasons like going on vacation, wedding, buying of new furniture, personal emergencies and various other needs that arise for an individual.

    • Personal loans are usually “Unsecured Loans”, which means they are offered without any collateral in return. Such loans are mainly based on current net monthly salary/income and the credit history of the customer who hasn’t defaulted on his/her credit card payments.
    • The interest rates of Personal Loan are allotted based on the salary of the customer, amount being borrowed and credit history, amongst others
    • A short-tenure loan, the repayment period are usually of the time period of 1-5 years
    • Requires the least bit of paper-work and is usually approved within 48 hours of application submission
    • Additional to the processing fee, charges for late payment penalty, pre-payment fee, administration charges and cheque bounce charges are also included in the personal loan
  • How do we help you to borrow right?
    • 1. As per our mission to provide “best banking product and services according to customer needs” Bankaspot provides you the service with an unbiased platform to analyze and decide upon the best available deals in the market according to your needs
    • 2. We offer a customized loan consulting experience to each customer as per their needs.
    • 3. Our experienced loan consultants help you to understand which is the bank and product for you
    • 4. We make sure that your documents are in order as per bank’s requirement.
    • 5. We make the process smooth, efficient and easy with over the counter service.
    • 6. We take care of any issues and quick resolution of that issue to get the loan disbursed in very short time.

    Why Bankaspot

    • Get best offers & deals for you from our partner Banks & NBFCs .
    • Compare personal loan offers and services of leading banks and NBFCs
    • Apply with the best bank or NBFC with lower rate or interest and charges.
    • Hassle free process and easy documentation.
    • Free on door service for document pickup by Bankaspot Team.
    • Free expert guidance & advice from our dedicated team of experts.
    • We are not an agent of any particular bank/NBFC so you can also apply with the bank of your choice.
    • No any cash or hidden Fees for services which are being provided.
    • We are here to help & assist you so we understand that it’s an important decision for you because you are in immediate need of money so please be trusted that we will ensure quick processing and disbursal of your loan to fulfill your requirements.

    Point To Be Considered Before Taking A Personal Loan:

    • Share all the accurate information at time of filling up of application form. Bank will process your loan based the information you provide in application form.
    • Processing fees are deducted from Loan amount and thus do not pay any fees in cash to anyone to process your loan sanctioning. If anybody demand this kind of fees; immediately contact us on our given contact no. in contact us segment or mail us at
    • There should be no any delay in pay of EMI of your previous loans with any other banks because this will affect your CIBIL score.
  • Eligibility Criteria
    Eligibility Criteria of Personal Loan
    • Any Indian citizen in good standing who is salaried, self-employed or business person with regular source of income can apply for a personal loan.
    • The applicant should be above the age of 24 years
    • Should be currently employed with existing organization or been involved in your business for a specific number of years.
    • Professional stability and savings history play a major role in approval of the loan, especially minimum required monthly salary and repaying capacity
    • Bad credit history would prove to be a put-off, especially anytime within 3 months prior to applying for personal loan.
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