Personal loan

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About Company

A small efficient
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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.

Types of Personal Loan
How to Apply for A Personal Loan at JÓrim Financial Service?
Benefits and Features of Personal loan

No collateral required

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?


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.