Personal loan for rental deposit

Documents Required

  • KYC Proof
  • Address Proof (Valid Driving License / Valid Passport / Aadhar Card)
  • 3 Month Salary slip
  • Passport Photo
  • 6 Month Bank Statement

Eligibility Criteria for Rental Deposit Loan

  • Individuals with a minimum income of Rs 15,000
  • Indian Citizens/Residents who are 21 years & above.

Renting new apartment means hassle. Right from searching to shifting in new accommodation. Expenses can be overwhelming. With Overdraft facility repayment plan, moving cities and changing homes has become easy as Rental Deposit loan helps solve financial worry for the security deposit of rented properties. Tenant becomes the borrower. In metro cities, wherein one has to pay 8-12 months’ rent advance as security deposit, one ends up paying deposit amount primarily through own savings. This is usually huge amount.