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Personal Loan

Personal Loan in Navi Mumbai, Belapur CBD - Check Eligibility & Apply Online

Belapur, or the Central Business District of Belapur, is the headquarters of the Navi Mumbai Municipal Corporation. It is the fastest-growing region in Navi Mumbai since it boasts new residential societies and commercial complexes. Belapur is well connected to the rest of Mumbai through railways and BEST buses. With an upcoming airport, Belapur will soon be connected with the rest of the world, ensuring its residents a high standard of living. It will soon be at par with or ahead of its contemporaries like Fort, Bandra-Kurla complex, Vashi, and Nariman Point. Thus, you shouldn’t think twice before shifting to Belapur, buying or renting homes, or setting up a new business there. Piramal Finance is the most economical NBFC to avail of a Personal Loan in Navi Mumbai – Belapur CBD. Experience a hassle-free process with Piramal Finance, specialising in housing-related loans. A team of experts will reach out soon to guide you through the simple application procedure. Piramal guarantees quick approval and deposit into your bank account. [B-01] What does a Personal Loan mean? A personal loan is given to a person based on their creditworthiness rather than what they can pay as collateral. Minimal documentation is required to apply for a personal loan. However, unlike other loans, a personal loan comes with higher interest rates. One can expect interest rates on personal loans to range between 8% to 30% p.a. Major types of Personal Loans One might be looking for a personal loan in Navi Mumbai – CBD Belapur, mainly for setting up a small business. But there is a lot more they might be eligible for or in need of. Home Renovation CIDCO has been building residential complexes in Belapur since it grew in the 1990s. However, maintaining a rented or bought flat is the resident’s responsibility. One can opt for a Home Renovation Loan at 10.5% p.a. from Piramal Finance to avoid high maintenance costs. Debt Consolidation Businesses often incur debts from multiple sources. To unify all of them under one loan is referred to as consolidation. If a business is under debt, a Loan Against Property, residential or commercial, from Piramal Finance at 11.5% p.a. for a consolidation amount of Rs 25 lakhs to 3 crores can be availed. To secure a business loan by choosing to repay every 15 days, Piramal lends up to Rs 25 lakhs of debt consolidation. Travel Loan Belapur is far greener and less populated than the Khargar and Nerul areas of Navi Mumbai. It has more waterfalls, trekking sites, and lavish resorts that keep you close to nature. If you want to stay at a vacation home in this area (called Artist Colony), you must apply for a Personal Loan in Navi Mumbai – Belapur CBD. Piramal provides travel insurance along with a travel loan for the same. Medical Loan After two years of a pandemic, one must keep health as their primary concern. They must invest the most in health. Why not avail the best medical assistance for the entire family at the M.G.M Hospital? Piramal provides a Personal Loan in Navi Mumbai – Belapur CBD for lab tests and medical urgencies, up to Rs 25 lakhs for 5-6 years. Wedding Loan Belapur boasts of ideal locations for a destination wedding or a pre-wedding shoot. There is an abundance of hills, lakes, waterfalls, and resorts one could have only dreamt of. Piramal is here to make that dream come true by lending a wedding loan at 10.5% p.a. Features of a Personal Loan Piramal provides personal loans with zero pre-payment and foreclosure charges. A loan of more than Rs1 lakh and less than Rs10 lakhs falls under a ‘Personal Loan’. Minimal documentation is required. Sanction doesn’t take much time and disbursals are instant. Monthly EMIs are not more than your monthly budget. A flexible repayment tenure from 12 to 60 months is allowed. Piramal Finance helps improve your loan eligibility by allowing the clubbing of incomes. Are you eligible for a Personal Loan in Navi Mumbai – Belapur CBD? A. Salaried Employees A person who has a job in a Government Institution, Private Sector, Public Sector, MNCs, Partnership Firm, or, Proprietorship Concerns must have Age: between 21 and 60 years Work Experience: more than or equal to 6 months Income: at least Rs 25,000 per month. B. Self-Employed Professionals like an architect, a doctor, or CA and non-professionals like Business Owners, Partners, Proprietors, or Promoters/Directors in private and public limited companies can apply for a Personal Loan in Navi Mumbai – Belapur CBD. Their age must be more than 23 and less than 70. How to apply online for a personal loan? Piramal Finance has made it easier for even a layperson to get a Personal Loan in Navi Mumbai – Belapur CBD: Visit the website of Piramal Finance and choose ‘Personal Loan’ from the main menu. Select ‘How to Apply’ from the article marker or scroll down to find the same title. Click the link in the ‘How to Apply’ paragraph and discover a dialogue box. It is a form titled, ‘Quick Apply’. Fill out the compulsory details and enter the Captcha (Are you a robot?). Go through the ‘Website Usage and Privacy Policy’ before checking/ticking. Submit your application and get in touch with a Relationship Manager. [B-02] The Conclusion This blog elucidates the exhaustive procedure to apply online for a Personal Loan in Navi Mumbai – Belapur CBD from Piramal Finance. It also highlights the importance of other loans one can avail of, along with personal loans.

08-11-2023

Personal Loan

Personal Loan For Travel: Fees and Charges Explained

In most cases, a borrower does not need to put up collateral or have a guarantor to be approved for a personal loan. An individual can take out a personal loan for travel, for example, to meet their financial needs. Travelling requires money, and getting a personal loan for travel can help you finance your trip or vacation if you need quick and easy access to money to travel. Since the money from a loan for travel is not restricted to a specific aspect of your travel plans, you are free to use the funds as you see fit. [B-01] Personal loan for travel It is important to always know the various costs associated with a loan for travel before you apply for one. Your EMIs will be a certain percentage of the total payment. Knowing the processing fees and other charges connected to your personal loan for travel can help you plan your repayments. Here are some of the costs you may expect to pay when you get a personal loan for travel from financial institutions: Application Processing Application processing fees are one of the costs. This fee covers the cost of processing your loan application. This includes the administrative costs and any other costs associated with conducting the verification process. The typical rate is 4% of the loan amount plus any taxes. You will have to pay this fee when you sign your loan papers. Interest on Loans In addition to the amount borrowed, you also need to pay interest on the borrowed sum, which will be calculated as a part of your personal loan EMIs. There are different rates of interest, which you can find out from the bank or lender who is issuing your loan. Defaulting on EMI Payments This charge will be added to your EMIs if you fail to make your monthly payments. If you do not make these payments on time, the lender can add additional charges to your loan repayments. Because of this, it is very important to check your account balance and pay your EMIs on time. Penalty interest rate If the borrower is late with payments, a steep penalty interest rate will be imposed. This is a penalty for late payments. You should expect to pay between two and four per cent of your past-due monthly payment. Early Foreclosure If the borrower attempts foreclosure on the loan before the maturity date, the lender may charge a fee. This fee normally falls between 4% and 5% when taxes on the principal are not included. Prepayment Costs When a borrower prepays a personal loan for travel in whole or in part, the lender foregoes interest revenue. To prepay a portion of your loan, you will be charged 2% (excluding taxes). Annual upkeep costs This charge is made to maintain your account’s existence. These costs amount to 0.25 per cent each year for a personal loan. Knowing about these costs beforehand will help you plan your personal loan payments more efficiently. With proper planning, you can ensure that you do not have any additional charges on your loan for travel. Benefits of Taking a Personal Loan for Travel A loan for travel enables people to make important emergency trips for weddings, funerals, and other occasions, or even for holiday purposes. Banks and other financial institutions provide a wide variety of personal loans that may be used to cover travel expenses. These are some of the benefits of taking a personal loan for travel: You can get the money immediately, so you will not have to wait for a long time to take your trip. You can choose an EMI payment schedule and loan term that works for you. Personal loans are unsecured loans, therefore you will not be required to offer any collateral. The application is available online, and this makes the entire process simple and quick. Some lenders provide instant loans against credit cards (instant loans) and need minimal paperwork. However, this depends on your relationship with the lender. Compared to credit cards, the interest rates on personal loans are more reasonable. It is important to consider your ability to repay the personal loan before applying for it. Once you’ve determined that you’ll be able to repay your loan for travel purposes, make sure you borrow the appropriate amount, which should be sufficient to meet your financial needs but not so large that repayments become difficult. Make sure you have a secure revenue stream before applying for a personal loan for travel. It is important to have a steady income to keep up with your monthly EMI payments and pay them back on time. Guidelines for Applying for a Personal Loan for Travel Being an existing customer of a bank or other financial institution will allow you to check your eligibility for a personal loan for travel and have greater chances of your loan being approved. Therefore, the bank where you have an account is a good place to start searching for information on a personal loan for travel. Most banks have online application options, which is recommended since it is quick, convenient, and gives you an instant record of your application. It is always recommended to find out what documents will be required at the application stage. These usually include identification documents, address proof, photographs, and other relevant information. Having this ready while applying will cut down on the time it will take for you to complete your application process. [B-02] Conclusion For your various travel needs, applying for a personal loan for travel purposes gives you easy access to money almost instantly. In addition to the obvious costs of the money you will borrow and the interest you will pay in the form of EMIs, it is important to be aware of the additional charges so that you are not caught off guard and can follow good financial practices. Before applying, it is always important to ensure that your credit score is good. This will increase the chances of getting a loan for travel reasons. Visit Piramal Finance for more helpful articles and guidance!

08-11-2023

Personal Loan

How To Apply For a Personal Loan During The Festival Season?

The Festival season is a time when presents and sweets are shared. It is also a time when offers come in from all directions. Banks make many attractive loans and credit card offers throughout the festival season. A personal loan will help you to make purchases if you run out of cash during the festival season. Most lenders give their clients specialised loan products under various names. You have the option to select the best loan package based on your needs. The incentives take the form of lowered fees, waived processing charges, reduced interest rates, etc. Looking for an instant online personal loan during the holiday season? Just adhere to the instructions below. [B-01] How To Get an Instant Personal Loan Here are a few steps to get an instant personal loan: Step 1: Research the market Throughout the holiday season, several lenders offer exciting instant online personal loan offers with great interest rates and flexible terms. You have to look around to find a good deal. Before choosing a lender, compare them all, including their eligibility requirements, interest rates, and other factors. Finally, to get an instant personal loan, be sure to apply as soon as possible. Step 2: Verify the prerequisites Narrow down the search. Check to see if you meet the lender’s requirements for instant online personal loans. Lenders often check your eligibility based on your age, work status, credit score, and annual income. If anything is unclear throughout the research phase, seek clarification. Step 3: Keep your papers organised Amid festival season, are you planning to fill out a loan application? Make sure you have all your paperwork ready, including your ID, proof of address, bank statements, salary slips, employment certificate, etc. This will ensure a hassle-free application process and save the added stress of having to search for loan documents in the middle of a party. Step 4: Complete the online application form Finally, complete the loan application. Lenders provide both online and offline application options, so select the one you are most comfortable with. Submitting an instant online personal loan application makes the procedure convenient. After all, you can submit the application without physically going to the banking institution. Submitting an online loan application also reduces the amount of time you must wait for the process. The loan money is disbursed instantly and directly to your account after approval. It’s that simple! Why Should You Take an Instant Online Personal Loan During the Festive Season? Festival loans are unsecured. These loans are primarily used by borrowers to buy appliances and home needs. Smaller ticket loans are now available. So, more people are going for credit each year. The following are a few of the crucial services offered by festival loans that draw a sizable customer base: Flexible Use: How you use the money you get from an instant online personal loan is completely flexible. It is not like a home loan or a car loan with strict guidelines. High loan amount: Banks provide instant online personal loans starting at Rs. 25,000 and going up to Rs. 40 lakh. Thus, you can pay for a variety of personal expenses with a single personal loan. With no collateral: Since a personal loan is an unsecured loan, you will not experience any added stress from having to hold collateral with the bank over the holiday season. Repayment flexibility: You have flexibility in how you repay the instant online personal loan. You can choose the payback period, which typically ranges from 12 to 60 months. Simple to apply: You can apply for an instant online personal loan from the convenience of your home or place of business because banks are becoming digital. Also, you can upload all your documents online, and if approved, the money is automatically transferred into your account, eliminating the need for a bank visit. An appealing interest rate: A personal loan’s interest rate begins at 10.25%. However, the interest rate that the bank would offer will depend on the person’s credit rating, age, income, etc. Discounts & Promotions: During the festival season, more people borrow money, thanks to alluring offers like cashback, processing fee waivers, waived prepayment fees, no-cost EMIs, etc. You can save a lot of money if your purchase requirement coincides with the festival deal. Different Ways to Apply for an Instant Online Personal Loan Mobile Applications Each lender offers a mobile application with user-friendly features to submit a loan application. Simply download the application to your phone to start the festival loan application process. Website To apply for the loan of your choosing, go to the lender’s official website. You might need to fill out a form with your contact details, income, and personal information. Your bank account will receive the funds following lender approval. Portals run by third parties These websites work with the lender to negotiate the best terms for your festival loan. You can apply for the loan of your choice by visiting their official website. The advantage of applying to a third-party website is that you can select from a large selection of items from numerous lenders. E-commerce portal You can browse the loan alternatives while making an online purchase through e-commerce sites in the checkout section. You have a choice of the lender and associated EMI. The lender will pay the merchant after receiving further permission. As stated in the contract, you can refund the debt. [B-02] Conclusion Need money this new year to renovate your home? Or maybe to buy new jewellery? Taking up a personal loan over the holiday season is a smart move since it allows you to celebrate without worrying about money. But be careful when you borrow, and make sure to pay back the money promptly. Your financial problems can be resolved by obtaining a quick loan. You only need to pick the appropriate lender, complete the eligibility requirements, provide the required papers, and submit an online application. Check out Piramal Finance for more details.

08-11-2023

Personal Loan

Credit Card Loan vs. Personal Loan: Calculate the Difference

When it comes to taking loans, people are often confused between taking a loan against credit cards or taking a personal loan. There are advantages and disadvantages to both options, and proper research is necessary before making a decision on what type of loan you will take. The terms and conditions on interest and repayment can impact your savings and your financial future, so it is important to understand the difference between a credit card loan and a personal loan. This article gives you information about these two types of loans so you can compare them and choose the best one for your income and financial needs. [B-01] Credit Card Loans Credit card loans are essentially pre-approved loans that require no documentation. Procuring credit through credit card loans is the fastest way to get an unsecured loan. A portion of your credit card balance that has not yet been used by you is made available as a credit card loan. It is important to note that borrowing through credit cards is not the same as withdrawing cash from one’s bank account. Pros of Credit Card Loans Credit card loans give people with bad or low credit the chance to slowly improve their credit terms. With credit card loans, an ongoing revolving credit balance with interest is only charged when the money is used. Cons of Credit Card Loans Interest rates on credit card loans are much higher than those on personal loans. Interest and fees may add up and drastically impact the user’s savings. Personal Loans Personal loans are secured or unsecured loans that are used to fund a variety of expenses, such as medical costs or expensive purchases such as buying a vehicle, paying for a wedding, taking an expensive vacation, and so on. Unsecured loans are loans that are not backed by collateral. Pros of Personal Loans Personal loans are the ideal option when the amount of money to be borrowed is comparatively large. Personal loans usually offer lower interest rates than credit card loans. Cons of Personal Loans Personal loans usually include a service charge, and there may be additional charges that are added. In case of non-compliance with the terms of a secured personal loan, the concerned authorities have the right to seize the collateral used to secure the loan. Differences Between Personal Loans and Credit Card Loans While there are many similarities between personal loans and credit card loans, such as interest rates, there are also many differences between the two types of loans. Some of the significant differences include: Documentation: While a personal loan requires thorough documentation to get approval and can often take up to three to five days to be approved, credit card loans do not require any such documentation and take much less time for the money to be made available to the borrower. Interest: In most cases, the interest to be paid is one of the crucial determinants of a loan. The interest rates of most personal loans vary from 13% to 22%, while the interest rates for credit loans range from 10% to 18%. a) An important distinction to be made is that while personal loans are accessible at declining rates, credit card loans can be obtained at flat rates. b) In the case of a flat-rate loan, the monthly interest is applied to the initial loan, and it stays constant over its lifetime, even if the principal money reduces. c) However, in the case of reduced balance loans, the interest to be paid decreases along with the principal. Security: While credit card loans are only unsecured loans, personal loans can be secured or unsecured. Having the option of a secured loan gives people with a bad credit score the option of getting access to a loan. It must be noted, however, that in the case of non-payment of a secured personal loan, the customer holds the risk of losing his or her collateral to the concerned authorities. Repayment: For personal loans, the amount to be repaid is the same every month, as EMIs. For a loan against credit cards, there can be a variation in the monthly amounts to be repaid. Loan Amount: The loan amount to be taken can be the determining factor in choosing either a credit card loan or a personal loan. If a small amount is needed, a credit card loan is preferable. If the amount to be borrowed is large, a personal loan is recommended. Eligibility: While non-bank account holders can apply for personal loans, only selected cardholders who meet certain conditions can opt for credit card loans. Borrowing Limit: The borrowing limit on credit card loans depends on the pre-approved limit, whereas the borrowing limit on a personal loan is calculated by the bank depending on the borrower’s income and credit score. EMI: EMIs for the specified period are applied to the monthly credit card statement in credit card loans. Under personal loans, EMIs are paid on a monthly basis to the bank for a specified tenure. Approval Time: Credit card loans take around 24 hours for approval, whereas personal loans can take several days to complete the approval process. Disbursement: For credit card loans, the loan amount is directly credited to a savings account or current account (if held with the same bank) or issued as a check. For personal loans, the loan amount is paid in a single amount to the borrower’s checking or savings account. [B-02] Conclusion Personal loans and credit card loans are both quick and easy ways to get access to money. Selecting the right type of loan that meets your requirements and is pocket-friendly can be challenging without all the information, including the pros and cons of both loans. Piramal Finance can make this decision-making process easy by providing you with detailed information and guidance on different types of loans and the easiest ways to select the loan that is best for you. Visit Piramal Finance to read more helpful articles like this one and stay up-to-date on credit card loans and personal loans.

08-11-2023

Personal Loan

Need A Personal Loan In Nashik? Apply Online Now

A personal loan is a solution to urgent financial needs. Whether it is to cover medical expenses, foreign travel, or a short-term cash crisis, personal loans can quickly and easily help with such emergencies. Nashik, one of Maharashtra’s oldest and most renowned cities, is growing. It has become a hub of opportunity and is attracting more people than ever. More and more people are becoming aware of the effective use of personal loans in Nashik. Keep reading to learn more about how to apply for personal loans in Nashik. [B-01] Purpose of a Personal Loan Personal loans can be used for any personal financial need. You can mention your needs to your lender while applying, but the bank does not put any limitations on how you use your loan money. For example, one can require a personal loan for a family vacation, purchase a gadget or home appliance, meet sudden medical expenses, or pay education fees. People also use personal loans to invest in businesses, make a down payment on a new house, etc. Eligibility Criteria for a Personal Loan in Nashik Here are the eligibility criteria for taking out a personal loan in Nashik: Most lenders require applicants to have a minimum monthly income of Rs. 15,000 to qualify for personal loans. The applicant should be a resident of India. The applicant must be between 21 and 60 years of age. Lenders are more likely to approve personal loan applications for people working in the public sector because they have high-income certainty and job stability. People employed in the private sector and MNCs also have a higher chance of being approved. Self-employed professionals and people with business experience of at least 1 year are also eligible for a personal loan in Nashik. Applicants with a CIBIL score of 750 or above are more likely to get approved at lower interest rates. Although some lenders offer personal loans to people with low credit scores, the interest rates for them are higher. Application Documents To apply for a personal loan in Nashik, you must attach the following documents: Personal loan application form. A passport-size photo is attached to the form. ID proof: an Aadhar card, a PAN card, a passport, a driving license, or a voter ID. Address proof: an Aadhar card, a copy of a ration card, electricity and gas connection bills, or a rent agreement (in the applicant’s name). Bank account statement for the past six months. Salary slips for the past 3 months. Form 16 or income tax returns for the last 3 years. What is the maximum amount one can borrow? The amount of a personal loan in Nashik depends on your income and on whether you are salaried or self-employed. Usually, the lender restricts the loan amount to ensure that your EMI does not come up to 40–50% of your monthly income. Your ongoing loans are also taken into account when calculating the loan amount. For self-employed people, the loan amount is calculated on their profit as per their most recent bank statement. The total amount of a personal loan is not restricted to the principal sum. You must also consider interest rates and other charges. Interest rates depend on eligibility factors. For a personal loan in Nashik, the minimum interest rate would be 12.99% per annum. For more details about extra charges, click here. The tenure of a personal loan in Nashik can range from 1 to 5 years, or 12 to 60 months. It depends on the use of the personal loan and some other factors. The interest rates also differ with the loan tenure. How to Apply Online for a Personal Loan in Nashik Here are the steps to follow when applying for a personal loan in Nashik: Visit the Piramal Finance website. Click on the “Personal Loan” option. Under the Personal Loan option, click on “Apply Now.” You will be redirected to the application page. Fill in your details on the online application form. After you fill out the online application form and send it to Piramal Finance, someone from the company will call you to explain the process. After your application is approved, Your lender will disburse the amount within seven working days from the loan application date. You will receive an account-payee cheque or a draft of the loan amount, or the loan amount may be directly deposited into your savings account. Why Choose a Personal Loan? Most NBFCs and banks offer personal loans at low interest rates. Because personal loans have become popular for managing personal expenses, lenders also provide flexible repayment terms. With a seamless online application process and no paperwork, it has now become easier to take out a personal loan in Nashik. Here are some key benefits of personal loans in Nashik: Zero asset riskSince a personal loan is an unsecured loan, you do not have to risk your assets. Especially for big purchases, you can easily acquire a personal loan, given that you have a good credit score. Easy repayment processSince lenders now provide flexible tenures ranging from 12 to 60 months, you can easily plan their repayment schedule. This way, you do not have to worry about your EMIs becoming unaffordable. Quick application and disbursalApplying online for a personal loan in Nashik has also become easy and transparent. You no longer have to wait for weeks to get a personal loan for urgent needs. The disbursal process has also become seamless and transparent. Your funds will be transferred to your savings account in no time. [B-02] Conclusion Personal loans are effective when you need to meet sudden personal expenses. Also, applying for and acquiring personal loans in Nashik has become easier. You can read more here on how to improve your CIBIL score. Visit Piramal Finance for your personal loan and other financial needs.

08-11-2023

Personal Loan

Personal Loan in Nashik, SG Link Road. Check Eligibility & Apply Online

Whether it’s planning a trip or staying home and getting it renovated, a personal loan is a one-stop solution to fulfil all immediate financial needs. Although personal loans come with a higher rate of interest than (many) loans like a home loan or a car loan, they help when it comes to short-term events like weddings, medical emergencies, purchasing a phone or laptop, etc. Experience a hassle-free, quick, and easy personal loan in Nashik – SG Link Road from Piramal Finance Limited with no prepayment or foreclosure fees. They have a team of knowledgeable advisors who can walk a potential applicant through the whole application process, making sure they get approved quickly and get the money in their account quickly after that. [B-01] What is a personal loan? Similar to credit cards, personal loans are unsecured loans given without any form of security. As personal loans are only given in good faith, the lender assesses a higher interest rate. Personal loan interest rates vary from lender to lender, but they are usually between 8% and 30%, depending on things like your credit score, the length of the loan, and why you need it. Types of Personal Loans The following are the most popular reasons that one can obtain a personal loan in Nashik -SG Link Road: Wedding The wedding day is one of the most significant days in the lives of the bride and groom, their parents, and other family members. Therefore, everyone wants to make the day special and unforgettable. However, a wedding is generally a lavish expenditure, and some may not have the cash on hand to do this. A personal loan can be obtained to cover wedding expenses. Travel To never compromise on staying or eating while on a trip, one must have no second thoughts about taking a travel loan. A travel loan is a personal loan meant to pay for vacation costs. With travel loans, one automatically receives free travel insurance. Home Renovation One can obtain a home loan if one wants to purchase a new home. But what if they need to fix an older home urgently? A personal loan given by a bank or NBFC to cover the expense of renovating an old home is known as a “home renovation loan.” Festival Loan Festivals mean celebrating with family and neighbours. Gifts, clothes, jewellery and sweets that one buys on Diwali aren’t considered while budgeting months before October. Certain banks and NBFCs offer personal loans in Nashik – SG Link Road to cover the additional costs associated with festival celebrations. Most provide festival loans up to the value of Rs. 50,000. Medical Emergency Medical emergencies rarely arrive with a warning. With the escalating costs of hospital stays and medicines, the likelihood of not having enough liquid cash on hand during an emergency is very high. An immediate medical emergency loan could save a life in this circumstance. One can obtain a medical emergency loan for an amount up to Rs. 25 lakh for a term of 5 to 6 years. What are the features of personal loans in Nashik – SG Link Road? The borrower pays zero prepayment and foreclosure charges. The loan value is between Rs. 1 lakh and Rs. 10 lakh. Minimum documentation is required. The hassle-free features are quick approval and instant disbursals. Monthly EMIs would fall within the borrower’s budget. One can choose to pay back the loan over anywhere from 12 to 60 months. Piramal Finance allows income to be pooled for greater loan eligibility. Who can apply for personal loans in Nashik – SG Link Road? Only salaried employees or self-employed (only in the case of home renovation) are eligible for a personal loan in Nashik – SG Link Road. Salaried employees must fulfil the following criteria: They must be a part of one or more of the following areas: Government Institution Private sector Public sector MNCs or related companies Partnership Firms Proprietorship concern Individuals must be between 21 and 60 years of age. The minimum monthly income should be Rs. 25,000. Work experience of at least 6 months in the current organisation Self-employed individuals must fulfil the following criteria: Age lies between 23 and 70. Employment Type Professionals like a qualified doctor (MBBS, MD, or MS), a CA, or an architect are eligible. Non-professionals like business owners, proprietors, partners in a firm, or promoters and directors of closely held private and public limited companies are eligible. (The director of any listed public company will be treated as a salaried individual.) How to apply for a personal loan in Nashik – SG Link Road? Here are some easy steps to apply for a personal loan from Piramal Finance: Visit the personal loan page of Piramal Finance. Select the “How to Apply” tab or scroll down to find the same heading. Click the link under “How to Apply” and find a dialogue box. It is a form labelled “Quick Apply.” Fill out the necessary details and enter the captcha (to prove that you are not a robot). Don’t forget to read the Website Usage and Privacy Policy before checking the box. Submit to get in touch with the relationship manager. [B-02] Conclusion Obtain a personal loan in Nashik – SG Link Road with utmost convenience from Piramal Finance. Piramal Finance specialises in personal and housing-related loans. The experts at Piramal Finance will show eligible borrowers how to get a personal loan and any other loan they want in the easiest way possible. A business loan can be obtained even with the lowest revenue. Click here to learn more about this.

08-11-2023

Personal Loan

An Online Calculator To Help You Figure Out Your Personal Loan Foreclosure Situation

An Online Calculator To Help You Figure Out Your Personal Loan Foreclosure Situation If you have taken out a loan, you must pay a monthly installment known as EMI (Equated Monthly Instalment). However, if you have the money to pay off the entire loan at once before the due date, you can do so. This process is called loan foreclosure. Loan foreclosure means paying back the whole loan balance early, which frees you from debt. To decide whether to foreclose on a loan, you need to know how many EMIs you want to pay and which month you plan to pay off the loan. This article will help you understand the costs involved in loan foreclosure. Using an Online Calculator You can use an online calculator specifically designed to tell you how much money you will save on interest if you pay off your personal loan early. This type of calculator can show you how paying off your loan sooner will affect the length of your loan, your monthly payment, and other important factors. What is a Foreclosure Calculator for a Personal Loan? A foreclosure calculator helps you determine how much interest you will save and how much money you will owe if you decide to pay off your loan early. You can easily find and use this type of calculator online. It considers various factors, such as the total loan amount, how long it takes to pay it off, the interest rate, the monthly EMIs, and the month you plan to pay it off. The foreclosure calculator: how to use it. Calculating how much you need to repay when you foreclose on your loan is straightforward. A foreclosure calculator uses specific information to help you figure out how much money you owe and the interest you need to pay. Here are the details you will need to enter into the calculator: The total amount borrowed and the current loan balance.The repayment plan for your loan.The interest rate on your loan.The total amount you have already paid in EMIs.The month you plan to foreclose.Any fees or costs associated with taking back the loan. What is Foreclosure Month? Foreclosure month is the month when you choose to pay the entire loan amount after signing the agreement. For example, if you have a 7-year loan and decide to repay it after 1 year and 2 months, that specific month will be your foreclosure month. Estimating foreclosures in an easy way How do you calculate the amount you can foreclose on? There are helpful calculators available online that assist with mortgage prepayment and foreclosure. With a service like Piramal, the charges remain consistent, allowing you to know your loan balance and the interest due easily. Here are the key details needed for the calculations: Potential loan amount.Length of the loan.Interest rate on the loan.Number of EMIs paid so far.Foreclosure month.Fees related to closing your loan. Are there Penalty Charges Associated with the Foreclosure of a Loan? When you decide to pay off your loan in full, you may have to pay a penalty fee, known as foreclosure charges. These charges usually range from 2% to 5% of the loan amount, plus any applicable taxes. Banks charge these penalties because they miss out on the interest income they would have earned had you continued to pay monthly. Before deciding to foreclose on your loan, it's essential to check the amount of the prepayment penalty and evaluate your finances. This assessment will help you minimize the amount you end up paying. If you have a home loan with a floating interest rate, you might not have to pay any foreclosure charges with Piramal Finance. Your Piramal Loan: How to Foreclose? Here’s a simple guide to help you foreclose or pay off your Piramal house loan early: First, inform Piramal Finance or your relationship manager about your decision to pay off the loan early. They will adjust your loan terms and payment plan accordingly. Next, prepare a list of your ID proofs (like Aadhaar card, PAN card, etc.) that you need to submit along with your loan application. After notifying them, your relationship manager at Piramal Finance will calculate the total amount you owe, including any interest and additional fees. Then, you will be able to pay the amount using a check or Demand Draft. Finally, after you pay the total, Piramal Finance will send you a thank-you letter, along with a “No Due” certificate and a “No Objection” certificate. The Bottom Line By paying off your loan early, you can avoid a significant portion of the interest and EMIs you would have had to pay over time. However, remember that there may be a few fees when you choose to do this. Therefore, it’s wise to read the terms carefully before making a final decision to foreclose on your loan.

08-11-2023

Personal Loan

Personal Loans in Hyderabad: Instant Approval and Low EMIs

To get some extra cash, it is always recommended to take out a personal loan. Your finances will be secure with a personal loan in Hyderabad, and your money needs will be met. Also, since a personal loan is an unsecured loan, you can use it right away without putting your assets at risk. You can get a personal loan from top financers in Hyderabad to meet your various needs at a good interest rate. To get your loan, you can apply online or visit any of the loan providers’ offline locations. [B-01] Applying for a personal loan in Hyderabad You have multiple options if you are looking for a personal loan in Hyderabad. You need not provide an asset as collateral. Getting a personal loan in Hyderabad involves less paperwork, and you get nearly instant approval. Furthermore, the option to apply online makes the process even easier since you can do it from the comfort of your home with just a few clicks. Once you have done your research and compared the details of the personal loans issued by the lender, you can go to the lender’s website and start filling out the online application. To apply online for a personal loan, follow these steps: Enter your name, phone number, and city. Enter the OTP that you received on your phone number. Choose the “Approved Loan” option on your screen. Provide all documents requested. The loan will be granted to you in a few hours after your documentation is reviewed. Eligibility Criteria Low personal loan interest rates are available if you meet the following criteria: You are a citizen of India. You are at least 21 years old but not older than 58. You work for an employer or a firm for six months. If you run a business, it should have been in business for at least two years. You make at least Rs 15,000 per month. What documents are required to get a personal loan? PAN Card ID Proof (passport, driving license, Aadhaar card, voter’s identity card, etc.) Address Proof (contract for vacant property and registered leave, passport, driving license, Aadhaar card, voter card, three recent utility bills) Proof of Income (most recent pay stub or bank statement from the previous three months) Personal loan in Hyderabad: Instant approval Personal loans in Hyderabad are unsecured loans with high interest rates. Personal loans need to be taken when in urgent cases. You can get personal loans without collateral, which poses a problem in itself. Getting a personal loan approved can be difficult, as many criteria must be met for the loan to be approved. Here are ways you can get your loan in Hyderabad approved instantly. First things first, reduce your debt-to-income ratio. The debt-to-income ratio is a rough estimate of how much debt you should take on if you have a certain monthly income. Before filling out an application for a personal loan, be sure to pay off your credit card debt and other obligations. Next, check your CIBIL rating. Any application for a quick loan must also have a good CIBIL score to be approved. It shows your past money and spending habits. List all of your income sources. To check for repayment capacity, lenders check your total income. Thus, it is advised that you list additional income sources in addition to your monthly salary while filling out the online loan form. Avoid making many loan applications at once. You will seem desperate for money if you apply to many lenders for a loan. They will be able to sense the urgency of funding. Due to this, your loan can be denied. As a result, you should only apply for one loan after carefully considering all of your options. Decide on a loan whose eligibility criteria you can meet. Instead of submitting applications to many lenders at once only to find that you are ineligible for all of them, check the various criteria the lenders have. Select the loan whose criteria you meet. You can find this information on the lender’s website. Personal loan in Hyderabad: Low EMaIs It is easy to get a personal loan in Hyderabad. All you need to do is keep these things in mind: Try looking into the interest rates of other lenders along with the banker with whom you already have an account. Inquire about the EMI per lakh. This is calculated based on your credit rating, the amount of the loan, and other factors. To choose the right credit option, it is vital to analyse each loan. Your loan application will be compared based on your credit score, income, job profile, and other factors. You can choose a longer tenure to reduce your EMI amount. But in that case, the interest might be higher. When you are looking for personal loans, remember that there are fees. Study all the fees you have to pay before signing the loan contract. Make sure to pay your EMIs on time. You can pay the EMI before the due date as well. In the absence of timely payment, penalties can be levied. [B-02] In conclusion As we have reached the end of the article, you must know all about personal loans in Hyderabad. If you are still confused about personal loans, contact Piramal Finance to learn more and get personal loans at the best interest rate. Personal loans have developed into a practical means to borrow small or large sums of money, and they are used to pay for weddings, funerals, vacations, medical costs, or house repairs. You can also use the money right away because lenders often deposit the money into your account. So connect with Piramal Finance to get your loan approved.

08-11-2023

Personal Loan

Personal loan in Vasai East, Mumbai: Check Eligibility and Apply Online

Are you looking to apply for a personal loan in Vasai East, Mumbai? Looking for a personal loan in Mumbai can be challenging. You might want to know the eligibility, processes, documentation, and amount you can apply for. It requires a lot of effort to research and learn how to get a loan in Mumbai. This article will offer insights into applying for a personal loan Mumbai, Vasai. You will learn about the personal loan system in Mumbai, how it works, how to apply, and the eligibility criteria. [B-01] What Is a Personal Loan, and What Are the Sources? Like every other form of loan, a personal loan is monetary help you receive from a lender. The loan is offered with the promise of returning the money at a slightly higher interest rate. The repayment is in the form of monthly instalments spread over a specific period. You don’t need collateral or assets as security to apply for a personal loan in Mumbai. It also requires less documentation and is disbursed quickly. The amount can be used by applicants as they deem fit. Due to how easy it is to get a loan, it is the most popular type of loan for emergencies or needs that come up out of the blue. Preferred Sources for Availing a Personal Loan in Mumbai There are many sources to look for a personal loan in Vasai East Mumbai. However, the most preferable sources are banks and private funders. Banks Banks are the most preferred sources to apply to for a personal loan. Banks charge lower rates of interest compared with others. This will allow you to repay the loan in small instalments. Banks will also give you a reasonable amount of time to pay off your debts, which is usually 5 years. Private Funders Private financiers are the second-most preferable source to get a personal loan in Mumbai. However, they may charge a higher rate of interest compared with banks. Some of them may have hidden interests that are not obvious initially. No matter where you get your loans, ensure that you do your research about their credibility. Is it easy to get a personal loan in Mumbai? Mumbai is known as the city of dreams. It is a place where people come from all over the country to realise their hopes and aspirations. Mumbai is also the city that provides the highest amount of revenue for the country. It is a big part of the economy because of its industries: tourism, the IT sector, and movie theatres. The city, with all its charm and glory, may seem a little overwhelming. However, in reality, it is really easy to get a personal loan in Mumbai for your needs. You can apply for the loan online too! What is required is the right approach and strategy. What are the documents required for a personal loan in Vasai East Mumbai? You need the following documents to apply online for a personal loan in Mumbai – Vasai East. ID proof: Your ID proof is the first requirement for applying for a personal loan. It includes your Aadhaar card, PAN card, driver’s license, voter’s ID, and passport. Address proof: This includes your voter’s ID, Aadhaar card, PAN card, driver’s license, voter’s ID, and passport. These documents should have your Mumbai address to use as your address proof. You can also provide your domicile certificate. Income proof: This includes your bank statements for the previous year, recent IT returns, and credit history. Other documents: Your signature proof and two recent passport-size photographs. What Is the Eligibility to Apply for a Personal Loan in Mumbai? The eligibility criteria for applying for a personal loan in Mumbai are given below. Age: You must be at least 21 years old and under the age of 65. The age limit might vary, but it remains the average limit for most banks. Income: If you are a salaried person, your salary should be at least Rs. 25,000 per month. If you own a business, you should make at least Rs. 5 lakh per year. Work experience: You should have worked for at least one to three years in the same company if you are a salaried individual. If you are a businessperson, you should have worked for at least two to four years in the current business. Credit score: Your credit score should be 750 or above to be eligible for a personal loan in Mumbai. This is not mandatory in all cases. However, a good credit score will be a great advantage. How to Apply for a Personal Loan in Mumbai Online Follow these simple steps to apply for a personal loan in Mumbai: Go to the application page of the chosen bank. Fill in your 10-digit mobile number, which should be connected to your bank, in the space provided. You will receive an OTP on your mobile device for confirmation. Type in your OTP to get started. Now fill in your basic details, such as name, date of birth, PAN, and pin code, in the space provided. Save and proceed. Enter the type of loan you want to apply for, the amount you wish to borrow, and the period within which you wish to repay the loan. The last step is to upload all your legal documents. These include your KYC, ID proof, address proof, bank statements, IT returns, and credit score. Verify all the information and click submit. [B-02] Wrapping It Up Mumbai is a great place to achieve your dreams. If you need financial aid, it is easy to procure a personal loan in Mumbai. Banks and private funders are the most preferred lenders in Mumbai. Currently, the interest rates for personal loans in Mumbai start at 8.95% and go up to 35%. In most banks, interest rates range between 10% and 20%. A good credit score may give you great deals. It is important to research and compare your options. Read all the information provided by the lenders carefully. You can use an online personal loan calculator to find the interest. Make an informed decision based on your research. Learn more about personal loans at Piramal Finance. The information on the website is highly engaging and will help you make the best decisions. Piramal Finance has various services that can help you manage your finances efficiently.

08-11-2023