Personal loan

Already know your Personal Loan amount and want instant, easy and online process?

About Company

A small efficient
BPO team

JÓrim Financial Service(JFS) was established with a single goal in mind: to provide everybody with fair financial access. We've also assisted millions of people in receiving financial goods. But this is just the beginning. We work with the best and biggest names in banking and finance to bring you related goods at fantastic prices.

JFS (JÓrim Financial Service) is a one-stop consultant on all of your financial requirements. We strive to provide you with the best services that are both convenient and simple. We provide you with a competitive overview of what various banks are providing in terms of personal loans and assist you in making your final decision.

Personalised Offers

Get customized loan up to ₹40 lakhs at interest rates starting 10.50% for a tenure ranging from 1 year to 5 years

Fast Disbursals

Reliable and instant with minimal documentation. Get money credited into your bank account in 24 hours

Safe & Secure

Your information and privacy are of utmost concern for us

Lowest Interest rate

Get attractive interest rates as low as 10.50% onwards on your personal loan

Pre-Qualified Offers

Answer a few questions to see which loan or card you pre-qualify for. It will not affect your credit score

Loan of Credit

Loan for the first-time borrowers. Loan amount starts from ₹1 Lakh and goes up to 40 Lakhs

Types of Personal Loan

01

Personal Loan for Home Improvement

There is still something you can do to improve your house, and an immediate personal loan can help you do that. A personal loan for home improvement will help you with everything from kitchen remodelling to making your home a beautiful blend of luxury and longevity.

02

Personal Loan for wedding

In India, a typical wedding costs about ₹25 lakhs! Using up all of your money to cover all of your wedding costs is not a good idea. This is where you apply for an instant personal loan to help you pay for your expenses. It is now easy to schedule a wedding.

03

Personal Loan for Travel

You will get a personal loan to cover your travel costs in addition to home construction or wedding expenses. It can be an open choice because it is easy and cost-effective. It will also help you save money on interest by allowing you to alternate your uses with your credit card.

04

Top up Personal Loan

A top-up personal loan is a service offered by financial services to borrowers that allows you to borrow a certain sum of money on top of an existing personal loan. A top-up loan has a marginally higher interest rate than a normal personal loan.

05

Personal Loan Balance Transfer

Did you know that you can save thousands of dollars on your personal loan interest costs? That's where a balance swap can come in handy. You should refinance your old loan and get a lower-interest rate. Please be aware that transferring a personal loan balance incurs a fee.

How to Apply for A Personal Loan at JÓrim Financial Service?

Step-1: Fill the eligibility form

In the first step, the customer needs to fill in the eligibility form which includes filling the following details: 1) Full Name (As per PAN Card) 2) Email Address 3) Current Residence Pincode 4) Employment Type 5) Current Company Name 6) Monthly in-hand salary 7) Mobile Number

Step-2: Select from the multiple offer(s)

Based on the details you provided in Step 1, you will be given a list of lenders. Based on your profile, the deal could be one or more. Choose the lender you want to work with from the list. Please keep the following points in mind when selecting a lender: 1) Interest rate offered 2) Loan amount 3) Loan Tenure 4) EMI

Step-3: Apply for the loan

This is an expanded version of Phase 1 in which you must include additional information about your submission. This is where you have accurate information about your personal and financial information. After you submit your application, our agent will email you to double-check the information before submitting it to the appropriate lender.

Benefits and Features of Personal loan

No collateral required

One of the advantages of taking out an online personal loan is that it is unsecured. This means you won't have to put up any assets as security for your loan. While this could be the cause of your high interest rate, if you satisfy the qualifying criteria, you can comfortably obtain a low-interest personal loan.

Minimal Documentation

In this age of digitisation, the process of verification and documentation has now become short. This is applicable for an instant personal loan as they are fast in disbursal and require minimum documents for approval.

Easy Approval

You can get personal loans that are quick and easy in approval. This is why it is the best bet in times of financial emergency. Moreover, the process has become digital; thus, reducing time in the verification process.

Multipurpose in Nature

Except for investment and illicit activity, a personal loan should be used for something. Apart from that, it is multipurpose and can be used for a variety of purposes. Other types of credit are taken for a certain purpose and can only be used for that purpose. A home loan, for example, is used to purchase a property, while a car loan is used to buy a car. However, a personal loan can be taken to offset any immediate requirements.

Personal Loan Eligibility

Many banks and non-bank financial institutions (NBFCs) offer personal loans, but there are various eligibility criteria. However, there are certain standards that all financial institutions must meet. For salaried and self-employed persons, the following conditions must be met in order to be approved for an online personal loan:
Age
21 years - 57 years
Employment Type
Salaried
Self-Employed professionals
Credit score
700 or above with a good credit history
Minimum Net Income (Monthly)
₹15,000 and above
Loan Amount
Up to ₹50 lakhs depending on the salary based
Work Experience
Salaried - Employed at current company for at least 6/12 months
Self-Employed - Business tenure of at least 3 years (continuous)
ITR of last 3 years

For Salaried Individuals

Identity & Age Proof
Completely filled personal loan application with photograph
PAN Card
Residence proof Aadhar card, Rental agreement, Passport, driving licence, Voter ID, utility bills (electricity/water/gas)
Bank statements for the last 3 months (preferably your salary account)
Salary Slips of last 3 months
Form 16 or Income Tax Returns of last 3 years

For Self-Employed Individuals

Identity & Age Proof
Completely filled personal loan application with photograph
PAN Card
Residence proof Aadhar card, Rental agreement, Passport, driving licence, Voter ID, utility bills (electricity/water/gas)
Bank statements for the last 6 months for current account and savings account.
Last 3 years Income Tax Returns with computation of Income
Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Why should you apply for a personal loan at JÓrim Financial Service?

Fast assistance

All of JÓrim Financial Service's (JFS) customers have access to facilities 24 hours a day, seven days a week. You can reach out to us at any time of day, and we will do our best to respond as quickly as possible. Furthermore, the approval process for personal loans is lightning fast. For any grievances, reservations, or comments, please email us at contact@jorimfs.com

Customer needs in forefront

Our top priority is to meet your needs. We guarantee that we will provide you with facilities that are to the best of our ability. We want to provide you with the most personalised experience by handpicking personal loan deals based on customer profile. Many of our facilities are provided at no expense to our clients.

Compare Offers Online

With over 12 lenders as allies, you will compare the various financial institution deals to make the best decision. In reality, we will assist you in locating the right lender for your needs. Every customer has a personal partnership lender who assists him or her in selecting the bank of his or her choosing.

Real-time customer support

Our customer service staff is quick to respond to any questions you may have about personal loan eligibility, policies, deals, paperwork, or repayment plans. We also make contact with the appropriate lender on your behalf.

Fresh Funding

Meeting working capital needs may be a difficult task, because without additional funds, daily operations can suffer. A personal loan could be the right choice for meeting your short-term working capital needs, such as covering accounts payable, salaries, and other expenses.

FAQ's

A personal loan is a type of loan that allows you to borrow money for a variety of purposes. When you take out a Personal Loan, you are given a certain sum of money at a fixed interest rate and can repay it for a set period of time, much as every other loan. However, there are a few features of a personal loan that can make it more beneficial than other types of loans, such as:

It does not bind the applicant's properties in any way. Personal Loans, unlike Home or Car Loans, which are secured by the asset against which the loan is sought, offer cash advances for your needs without including any collateral.

Unrestricted usage: as the name implies. If you need a large amount of money for personal reasons, you can take out a personal loan. If it's for a medical/social emergency, lifestyle needs like home repairs/renovation, or even to consolidate current debts, we can help.

Since it is a no-collateral advance, obtaining a personal loan usually entails determining the applicant's requirement for funding, availability for funds, and repayment ability. As a result, to be considered for a Personal Loan, applicants must be salaried and have paperwork verifying their personal and technical information. This includes, but is not limited to:

KYC Documents (proof of the applicants age, nationality, etc.)

Documents declaring the continued employment for the applicant

A duly filled loan application form.

Credit bureaus give you a number between 650 and 900 as your credit score (such as CIBIL). The higher your credit score, the more likely your loan application (for any kind of loan, including but not limited to personal loans) would be accepted. If you have a good credit score, you might be able to get a larger loan or lower interest rates. A credit score of less than 750, on the other hand, could reduce your chances of having a personal loan, or offer you a loan with a lower sum or a higher interest rate. If your credit score is below 600, you should try to figure out why it is so bad. It may be attributed to previous actions, such as repeatedly skipping or delaying previous EMIs, making unnecessary credit payments, or applying for several bank loans or credit cards.

No, since personal loans are not considered part of one's revenue, they are not subject to taxation on the amount disbursed. As a result, they are not liable for any tax refunds, as is the case for Home Loans and other Secured Business Loans.

If you need funds for an immediate or short-term requirement, a personal loan is the safest choice. It can be used for a variety of purposes. The lender accepts the loan based on the applicant's particulars, such as age, salary, current liabilities, and credit score, among other things, since it is an unsecured loan. Unlike a guaranteed loan such as a gold loan, a loan against shares, or a loan against land, no time is spent evaluating the collateral. Depending on the end-use, there might be various forms or types of personal loans. A personal loan, on the other hand, normally has only one form and can be used for any purpose.

A personal loan is an unsecured loan with no end-use restrictions. The loan may be used for either use or economic purposes. For example, you could take out a loan to pay for a high-end home theatre system, a medical emergency if your health care is inadequate, a family vacation abroad, and so on. If you're an entrepreneur, a personal loan will help you grow your company by allowing you to buy more inventory or pay for a down payment on new office space, among other things.

JÓrim Financial Service (JFS) offers a Holiday Loan to those who want to tour the world and explore exotic destinations. It provides loans in the range of ₹50,000 to Rs 50 lakh for terms of one to five years. It has a two-month moratorium period during which no EMI will be paid. Without extending the term, the EMI begins in the third month. There's also a free forex card included.

Everyone wishes their wedding to be unforgettable because it is a once-in-a-lifetime occasion. If you don't have enough money to celebrate your wedding, you should get a personal loan to cover the gap.

Given rising medical costs, surgery or extended hospitalisation could put you back a few lakhs. You can easily borrow a personal loan if you need extra funds not having health insurance. There is no requirement to provide any medical records or hospital bills in support of this claim.

If your bank's term loan limits have been reached but you still need funds for your company, you can apply for a personal loan. The loan would be approved depending on your personal credit background, although it can be used for commercial purposes.