Personal Loan

Typical documents may include:

• PAN Card
• Aadhaar / valid KYC documents
• Latest salary slips
• Bank statements
• Form 16 / Income Tax documents, where applicable
• Employment details
• Existing loan/EMI details
• Address and other KYC documents

Additional documents may be requested by the lender depending on the applicant's profile.

Yes. Credit history is one of the factors that lenders may consider while assessing a Personal Loan application. Other factors such as income, employment stability, existing liabilities and repayment capacity are also relevant.

Possibly. Lenders generally consider your existing obligations while calculating repayment capacity. The eligible amount, if any, will depend on the lender's assessment of your overall financial profile.

Depending on the lender and your profile, a Personal Loan balance transfer or refinancing option may be available.

Aura Fund can evaluate the existing loan and explore applicable options based on the outstanding amount, repayment history, interest rate and borrower eligibility.

Personal Loans are generally flexible-use loans and may be used for legitimate personal financial requirements, subject to the lender's terms and applicable restrictions.

Job changes may affect eligibility depending on the lender's employment and minimum service criteria. Some lenders may require a minimum period with the current employer.

The application will be assessed based on the lender's prevailing policy.

Yes. Lenders may consider factors such as employer category, organisation profile, employment stability and salary credits while assessing an application.

Lenders generally consider factors such as:

• Monthly net income
• Existing EMIs and financial obligations
• Employment stability
• Credit history
• Age
• Loan tenure
• Employer profile
• Banking history

The exact eligibility calculation varies between lenders.

Aura Fund helps customers understand their financing requirement, assess their basic eligibility, identify potentially suitable lending options and coordinate the application process with the concerned lender.

Interest rates are determined by the respective lender based on the applicant's profile and prevailing pricing policies.

Aura Fund can evaluate available options and help identify lenders offering terms applicable to your profile, but the final rate cannot be guaranteed.

Processing time varies depending on the lender, applicant profile, documentation and verification requirements. Applications with complete and accurate documentation may generally be processed more efficiently.

The final timeline is determined by the concerned lender.

A formal credit application may involve a credit bureau enquiry by the lender, which can affect the applicant's credit report depending on the bureau's methodology.

Aura Fund can explain the application process before proceeding with a formal application.

No. Aura Fund does not guarantee loan approval.

Final approval, loan amount, interest rate and other terms are determined exclusively by the respective lender after completing its credit assessment and verification.

Yes. We can review the broad reasons for the rejection and, where appropriate, explore alternative lending options. Any new application remains subject to the relevant lender's eligibility and credit policies.

Lenders may charge processing fees and other applicable charges depending on the product and sanction terms.

All applicable charges should be reviewed in the lender's sanction letter and loan documentation before accepting the facility.

Prepayment or foreclosure may be permitted subject to the lender's terms and applicable charges, if any. Customers should check the specific foreclosure conditions applicable to their loan agreement.

A lower credit score can affect eligibility and pricing, but credit score is not necessarily the only factor considered by every lender. Income, employment, repayment history, existing obligations and other factors may also be evaluated.

Yes. You can submit your basic requirement and contact details through the Aura Fund website. Our team can then connect with you to understand your profile and guide you through the next steps.

Aura Fund brings together financial advisory expertise, lender relationships and end-to-end application coordination to simplify the Personal Loan journey.

We focus on understanding your requirement, assessing your basic profile, identifying relevant financing options and coordinating with the appropriate lender.