Welcome to KURAKULA'S - Your Trusted Personal Loan Partner

Get Instant Personal Loans with Ease

KURAKULA'S , we understand that financial needs can arise unexpectedly. Whether you need funds for medical emergencies, education, home renovation, wedding expenses, or travel, our personal loan solutions provide quick and hassle-free financial assistance.

    Why Choose Our Personal Loans?

  • Instant Approval: Get quick loan approvals with minimal documentation.
  • Flexible Repayment Options: Choose repayment tenures that suit your financial situation.
  • Competitive Interest Rates: Enjoy affordable interest rates with no hidden charges.
  • No Collateral Required: Unsecured loans without the need for assets as security.
  • 24/7 Customer Support: Our team is here to assist you anytime.

Get a Free Financial Advice

Eligibility Criteria

To apply for a personal loan, you need to meet the following requirements:

  • Age 21 years and above.
  • Stable source of income (salaried or self-employed).
  • Valid identification and address proof.
  • Minimum credit score as per eligibility.

How to Apply?

Applying for a personal loan is simple and convenient:

  • Fill Out the Application Form: Provide basic details online or at our branch.
  • Submit Documents: Upload or submit the required documents for verification.
  • Loan Approval & Disbursement: Once approved, the loan amount is credited to your bank account within hours.

List Of Documents Required For Personal Loan

The documentation required to process and sanction a personal loan application is standard and uniform across Financial Institutions. However, it may vary with different lenders based on a few factors. To get a personal loan through lenders at KURAKULA'S, the personal loan documents required are

  • Identity Proof: PAN card, Aadhaar card, Voter ID card, Passport, or driver's license are all acceptable forms of identification.
  • Residence Proof:The acceptable forms of residential proof include the Aadhaar card, Voter ID card, passport, property documents, maintenance bills, or driving license. You can also furnish a rent agreement, an electricity bill, or a telephone bill.
  • Income Proof: The last three months bank statements or the last three months salary slips are acceptable forms of proof of income.
  • No Dues Certificate Generation Charges (Duplicate): Rs. 50 per instance per set + applicable GST.
  • Stamp Duty Charges: As per the State Stamp Act
  • Part Payment / Pre-Payment Charges: 5% + applicable GST (Pre-payment charges will be levied on the outstanding principal, and part payment charges will be levied on the amount of part payment made.)

Interest Rates & Charges

At KURAKULA'S Personal loans are available starting from Rs. 50,000 and going up to Rs. 20 lakhs, with minimal paperwork . Experts at KURAKULA'S recommend that borrowers carefully review the personal loan interest rates to make an informed decision. Rates and fees may vary depending on the loan duration, and you can choose a loan with the most favorable interest rates.In addition to the interest, you should be aware of processing fees and other charges that may apply, which differ by lender. Below are some common charges for better understanding:

  • Rate of Interest:10.49% to 21% per annum.
  • Repayment Instruction / Instrument Return Charges: Rs. 339 per instance of dishonor of cheque / SI / ECS / NACH debit instruction + applicable GST.
  • Swap Charges (Cheque/Instrument): Rs. 500 per instance + applicable GST
  • Penal Interest: 24% per annum (2% per month on overdue installments)
  • Duplicate Statement Issuance Charges: Rs. 250 per instance per set + applicable GST
  • Duplicate Amortization Schedule Issuance Charges: ●Rs. 250 per instance per set + applicable GST
  • Credit Information Companies (CICs) Report Issuance Charges: Rs. 50 per instance per set + applicable GST

Have a question? Check out the FAQ

How much loan amount can I get?

You can avail of loans ranging from [Minimum Amount] to [Maximum Amount] depending on your eligibility.

How long does it take to get the loan approved?

Most loans are approved instantly, and the amount is disbursed within 24-48 hours.

What are the repayment options?

We offer flexible repayment tenures ranging from [X] months to [Y] years.

Where can I use a personal loan for?

Personal loans are very versatile and can be used for a wide range of purposes, including:
Debt consolidation.
Home improvements.
Medical bills.
Wedding expenses.
Education costs.
Emergency expenses.
However, some lenders may impose restrictions on how you use the funds, so it’s always good to double-check.

What is the difference between a secured and unsecured personal loan?

Secured loan: Requires collateral (such as a car or home) to back the loan. If you default on the loan, the lender can seize the collateral.
Unsecured loan: Does not require collateral. Lenders base their decision on your creditworthiness and financial situation. Most personal loans are unsecured.
Employment Continuity Proof: Employment Certificate of current employers, Experience Letters, and Relieving Letters from past employers.
Other Documents: Two recent passport-size photos