Not every expense fits into a single loan type. You may need money for a wedding, home renovation, medical bills, or education — all at once.
That’s where a Multi Purpose Loan comes in.
A multi purpose loan gives you the flexibility to use funds for any personal or professional need, without restriction.
With Vizzve Finance, you can easily compare options, apply online, and get instant funds — all in one place.
What is a Multi Purpose Loan?
A Multi Purpose Loan is a type of personal loan that allows you to borrow money for various needs — whether personal, household, or business-related.
Unlike car or education loans, this loan has no end-use restriction, meaning you can use the funds however you choose.
Example:
Need ₹3 lakh for wedding expenses, a laptop, and a family trip?
Instead of applying for three different loans, you can take one multi purpose personal loan through Vizzve Finance — simple, fast, and flexible.
Top Benefits of a Multi Purpose Loan
1️⃣ No End-Use Restrictions
Use the funds for anything — from home interiors to travel, education, or emergencies.
2️⃣ Quick Disbursal
With Vizzve Finance, get approved and receive funds within 24–48 hours of application.
3️⃣ No Collateral Needed
It’s an unsecured loan, meaning you don’t need to mortgage property or assets.
4️⃣ Flexible Tenure
Repay conveniently in 12–60 months as per your budget.
5️⃣ Competitive Interest Rates
Compare and choose the lowest rates from top lenders using Vizzve Finance’s loan comparison tools.
6️⃣ Improve Credit Score
Regular EMI payments boost your credit profile for future loans.
Eligibility Criteria
| Criteria | Requirement |
|---|---|
| Age | 21 to 60 years |
| Employment | Salaried or Self-employed |
| Income | Minimum ₹15,000/month |
| Credit Score | 650 or above preferred |
| Nationality | Indian resident |
Documents Required
To apply for a Multi Purpose Loan via Vizzve Finance, you’ll typically need:
Identity Proof: Aadhaar Card / PAN Card
Address Proof: Utility bill / Passport / Voter ID
Income Proof: Salary slips or ITR for last 3 months
Bank Statements: Last 6 months
Passport-size Photograph
How to Apply for a Multi Purpose Loan via Vizzve Finance
Visit Vizzve Finance Website or App
Fill Out the Loan Application Form
Upload Documents Digitally
Compare Offers from Multiple Lenders
Choose the Best Loan Option
Get Instant Approval and Quick Disbursal
💡 Vizzve Finance Tip: Always compare total costs (interest + processing fee) before applying to save more.
Conclusion:
A Multi Purpose Loan is the smartest way to handle multiple financial goals without juggling several loans.
Whether it’s upgrading your home, funding a wedding, or covering medical costs, Vizzve Finance ensures fast, flexible, and transparent loan options tailored to your needs.
💼 Vizzve Finance — Simplifying Borrowing, Empowering You.
❓ FAQs
1. Can I use a multi purpose loan for any expense?
Yes, it can be used for personal, household, or business needs.
2. How fast can I get the loan?
Through Vizzve Finance, you can get funds in as little as 24–48 hours.
3. Do I need to provide security?
No, multi purpose loans are unsecured.
4. What’s the minimum income required?
Usually ₹15,000–₹20,000 per month, depending on the lender.
5. Will my credit score affect eligibility?
Yes, a higher score (650+) improves approval chances and interest rates.
Published on : 3rd November
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed