
Salaried Personal Loan
May 18, 2021
Personal Loan Easy and Instant
May 18, 2021
Salaried Personal Loan
May 18, 2021
Personal Loan Easy and Instant
May 18, 2021
Personal loans are handy when you are in a spot and need some urgent cash
Personal loans are handy when you are in a spot and need some urgent cash. However, personal loan are tricky and you need to know as much as possible about their basics before applying for one.Personal loans are handy when you are in a spot and need some urgent cash
Personal loans are handy when you are in a spot and need some urgent cash. However, personal loan are tricky and you need to know as much as possible about their basics before applying for one. Before you choose your personal loan: Calculate the inexpensive loan offer: Personal loans come with very high interest rates ranging from 14% to 28%. Compare personal loan interest ratesand get the complete picture by understanding the annualized interest rates for each offer.Then figure out the total amount of repayment you need to shell out with all the offers before opting for the loan of your choice. Processing Fee:You need to keep in mind the processing fee and other fees that will be levied when you apply for your personal loan chandigarh. Prepayment penalty check: Ask upfront if there would be any penalty payments for prepayment of the loan at any point in time. More often than not loan consumers tend to pay up their loans earlier than planned to be rid of debt. Hence, its important to know if your personal loan offer allows part prepayments.If that is the case, then you should be aware from what time frame in the loan period you can start prepaying and understand the cost you incur due to such prepayments in part or full.EMI and tenure:Evaluate all loan offers. The first condition for loan offer selection is the total money outflow that the loan will cost. The second factor is the EMI. A loan offer with a lower EMI and a longer tenure may seem attractive, as it could be easy on your purse strings, however not all such loans prove to be cost effective in the long run.Hence, first calculate the total loan cost and then try to opt for a higher EMI, which you can comfortably manage to enable shorter loan tenure.Keeping track of your credit history: Especially in the case of unsecured loans, your credit history, which is recorded by CIBIL (Credit Bureau India Limited), plays a critical role in your loan application being accepted. A good repayment track record ensures not only an instant loan approval but brownie points in the form of more attractive interest rates.The eligibility criteria and their specific details may differ from banks to bank based on their perception of the risks associated with given out personal loans. However, nearly all banks divide the potential borrowers into three categories: Salaried Individuals Self Employed Individuals Self Employed Professionals Apply for Personal Loan Other factors which are taken into consideration are, age, residence, work experience, repayment capacity, past obligations and place of work. Documents required for Personal Loans? Personal loans require the least number of documents, making it the fastest to be approved. Typically, financial institutions would require proof of identity, residence, income and also 3 to 6 months of your bank statements. Some banks also require guarantors and the same set of their documents. Alternatives to a Personal Loan You could also utilise investments you might have made so far, like shares, securities, fixed deposits, gold, insurance policies etc. You can pledge these as collateral and obtain a loan against them. The interest rates would definitely be lower compared to the personal loan interest rates, which can help you save on the interest cost. Deepak Jain is an expert on Personal Loan. He is the Founder Director of Lending India launched by Jains Technology Solution OPC Private LimitedApply for Loan @ Lowest Possible ROI
Apply for Loan with Lending India – Lending in India Your Perfect Finance Partner for your quick financial need. With our fast process you will get results by loan amount credited into your account soon.
Lending India Finance Product

Instant Loan
Lending India offers instant loan for your personal need across India upto ₹ 10 Lacs to fulfill all your instant financial need.

Personal Loan
Lending India offers personal loan for your personal need across India upto ₹ 50 Lacs to fulfill all your personal financial need.

Business Loan
Lending India offers business loan for your business expansion, working capital need across India upto ₹ 1 Crore to fulfill all your business financial need.

Self Employed Personal Loan
Lending India offers Self Employed personal loan for your financial need across India upto ₹ 50 Lacs to fulfill all your personal , business and profession need

Cash Loan for Retail Business
Lending India offers retail business cash loan on daily installment for your daily working capital needacross India upto ₹ 10 Lacs to fulfill all your retail business need

Business Loan
Lending India offers business loan for your business expansion, working capital need across India upto ₹ 1 Crore to fulfill all your business financial need.

Car Loan
Lending India offers car loan on your existing pre owned car upto 150% of market value, which will be lowest rate for your personal financial need

Home Loan
Lending India offers home loan for dream home across India upto ₹ 10 Crore to fulfill all your new home purchase

Mortgage Loan
Lending India offers mortgage loan for existing residencial and commercial property across India upto ₹ 10 Crore to fulfill all your financial need with lowest rate of interest

Education Loan
Lending India offers education loan (secured and unsecured loan) for higher education in abroad where admission has been secured

Credit Card
Lending India offers range of your credit card for different banks. Life time free credit card to premium all rage of cards on your credit card eligibility

Credit Repair
Lending India helps you for repair your credit score repair service. Credit repair is the process of fixing poor credit standing that may have deteriorated for a variety of different reasons