An Unsecured Personal Loan is a Loan without any collateral security, availed solely on the basis of one's Income.
Currently, you can take upto Rs. 25 Lakhs, depending on the Financial Finstitution you are borrowing from. Also, the figure largely varies depending on your Salary, Current Loans, Employer, Bonus received if any and other parameters.
You can check out the Eligibility Calculator too to get a fair Idea.
The documents are:
The TAT (Turn Around Time) for a Personal Loan is anywhere between 3-7 working days. The TAT varies on factors such as current loan repayments, timely submission of documents, issue is CIBIL Report etc.
Currently, the maximum tenure for which you can take a Personal Loan is 60 Months (5Years).
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