ALL YOUR FINANCIAL PROBLEMS CAN BE SOLVED BY PERSONAL LOAN
WHAT IS A PERSONAL LOAN ?
Loan is that money, which we take from bank for several period of time to solve our financial conflicts. When it is taken for our personal expenditures, it’s known as Personal Loan. Loan can be taken for Renovation of house, wedding, medical expenditure, car purchase, for house , Travelling expenditure and so on .
HOW TO APPLY FOR ONLINE LOAN
You can apply for personal loan by sitting at your home by doing the following –
* Register yourself by filling the simple form .
* Select the bank from which you want to take loan .
* Select multiple offers from the list of multiple banks.
* Quick apply which may take less than two minutes .
Companies or Banks charges their interest on the amount they are providing to you . For example some loan giving companies like Tata Capital , Indialends , Indiabulls , Capital first etc. provides you loan by charging less interest than of banks.Whereas, Banks like ICICI , IDFC, SBI, UNION Bank of India etc. are some banks, which may charge higher rate of interest than the other companies . The companies which provides you the cheapest loan are mostly private .
Some of the loan providing companies are –
- Bajaj Finserv
- Capital First
You can visit their websites to apply for an easy, instant and cheap loans.
These companies are online market place which provides you the best offers for personal loans for your needs.
PERSONAL LOAN ELIGIBILITY
To borrow the loan one must meet following basic criteria for the minimum eligibility of borrowers :
☆ The borrower must be an Indian Resident
☆ Minimum age -21 years
☆ Valid government issued identity proof
☆ Valid bank account
- PAN Card
- Address Proof
- Bank Statements
- Pay Slips
One need to show all this required documents to get loan. These are necessary to avoid any kind of fraud .
Address proof by showing any of the government issued things like Passport, driving license , Voter ID , electricity bill , water bill , gas bill etc.
Bank statement is needed to cheque your financial transactions like salary is deposited for last 3 months , stability of money in the account , to know the credit score etc .
PROCEDURE – HOW IT WORKS
Personalised Loan Offers : You can receive personalised loan offers and best deal at best rate of interest. Companies and Banks help you to get the best deal on your personal loan as per your profile.
Instant Approval : After you fill an easy online application form your profile is on the way to provide you a suitable financial help by analysing your credit profile.
Cash After Approval : As soon as the loan is Approved companies or banks instantly provide you the loan within two days . The funds are transferred right into borrowers bank account within two working days . Thus, there is no room for delay .
Once the loan is provided , Company or Bank start taking EMI from the borrower to get their money back with interest .
By- Yash Garg