There are two broad categories of personal loans i.e. secured Personal Loan and unsecured personal loan. The former is secured against mortgage of gold, insurance policies etc. while the latter does not require any mortgage from the customer.
‘Your Loan Advisors’ help you avail quick and easy finance at your doorstep.
Worried about your children’s wedding in the family? Want to send your child abroad for further studies? Want to be rent free and build your own house? Yes, Personal Loans is the answer to all these queries.
Eligibility loan amount is dependent on several key factors such as your profession, work profile, ballpark expenditure, rate of interest, size of the family, residence ownership tenure of the loan among others.
As a standard practice, certain % of your monthly income is usually counted as EMI. On the basis of your monthly income, the eligibility calculator defines an approximate figure of finance.
Personal Loans are usually incurred for higher studies, renovation of the residence/work place, marriage of a loved one, high end consumer products, abroad vacations, medical emergencies etc.
By opting for this facility, the individual simply transfers the existing Personal Loan to another financial institution which in turn helps the individual to save more.
India is slowly moving from cash based economy to a cashless one. The benefits of plastic money have been acknowledged by many. Credit cards are extremely helpful when unanticipated and immediate expenditure is required.
While credit card benefits are plenty, one needs to be extremely cautious in terms of the card outstanding and interest rate. Personal Loans for credit card allow you to convert your credit card outstanding into a Personal Loan. The individual saves money on the overall interest helps in consolidation of debit, easy to manage and opens of credit limit.
Your Credit card spends need to be cleared as per the Payment cycle Else the interest rate charged will be 36% yearly. Unless the principal amount is cleared, your debts could steadily mount up. This could further affect your Credit ratings. Apply For a Personal Loan & clear your credit Card Bills. Pay in equated installments at half the rate of Interest, Also your credit card limit will be re instated.
Please note that the documents proof may vary from individual to individual. We take pride in ourselves on keeping up an active & responsible relationship with our customers throughout the process from applying till disbursal.
Details of the previous loans and A/c Statement for last 1 year, if any.
What is Debt Consolidation, and How Does it Work?
What are the Benefits of an EMI Calculator
Documents Required For a Personal Loan and Their Relevance
All You Need To Know About The Personal Loan Interest Rate