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New To Credit

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New To Credit Overview

As a first time borrower, the usual challenge is discovering lenders who are willing to lend to you due to limited or no credit history. To address this challenge, Nitstone offers you customized Loan aimed for first time borrower like yourself.

Benefits & Features

Instant online Approval

Get 100% end-to-end online Personal Loan solutions, which include information and assistance for Personal Loan eligibility criteria and documents, application to approval and disbursal. By opting for a Personal Loan from Nitstone Finserv you can get instant approval in 5 minutes and disbursal in your bank within 72 hours, through our online facility. All you need to do is fill an online form and check your Personal Loan eligibility online. Once approved, a Nitstone Finserv representative will get in touch with you and collect the documents required for Personal Loan.

Get funds in 72 Hours

We ensure as a standard that funds are at your disposal within 72 hours of the Personal Loan approval. This is the fastest turnaround time by any NBFC in India.

Loan upto 25 Lakh

You can apply for an instant personal Loan online from Nitstone Finserv up to Rs.25 lakh and repay it at your ease by opting for tenures ranging from 24 months to 60 months. You can also use the Personal Loan EMI calculator to know how much EMI you will have to pay for your Personal Loan.

Eligibility & Documents

  • Financials: Salary slips of last three months. 
  • Bank Statements: Salary account bank statement of last six months.
  • Employment Proof: Employee ID Card.
  • Identity Proof: Passport/ Voters ID/ Driving License/ PAN Card
  • Address Proof: Passport/ Driving License/ Ration Card/ Letter from employer (with HR/Admin undersigned)/ Latest mobile bill

Ready to Apply

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How to Apply

Step 1

Click on Apply to go to our online form. Fill in detail and submit the form.

Step 2

Get an instant approval. Select your required loan amount and tenure.

Step 3

Our representative will get in touch to collect your documents.

Step 4

Amount will be credited to your account.

Fees & Charges

For instant loan approvals online of upto INR 2 lakh

Types of fees

Charges applicable

Interest Rate

12 % to 18 %

EMI Bounce Charges

INR 500 for every bounce

Processing Fee

1 % to 2 % on Loan Amount

Penal Interest

2 % p.m.

Part Prepayment

1 % on paid part payment amount

Foreclosure Charge

1 % on principal outstanding
 
  • Foreclosure: charges will be applicable on the current principal outstanding.
  • Part payment made should be more than 1 EMI.

FAQ