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Personal Loan in Kolkata, Rashbehari - Check Eligibility & Apply Online

Rash Behari, or Rashbehari Avenue, is located in south Kolkata. It is east-west in direction. Also known as Gariahat More, it is known for the shops that line the streets and a lavish residential neighbourhood. To live here without compromise, one must take a personal loan in Kolkata – Rahsbehari. It will help if he or she wishes to start a small business by buying a shop here. Piramal Finance is the one-stop solution to almost all financial needs in Kolkata. Experience an easy personal loan from Piramal Finance Limited with no prepayment or foreclosure fees. A group of India’s best advisors will guide an eligible borrower throughout the entire personal loan application. Piramal guarantees instant approval and deposit into the debtor’s account. [B-01] What does a personal loan mean? A personal loan is provided only based on creditworthiness. The borrower doesn’t have to provide collateral or security. It requires little or no documentation, unlike home loans or car loans. However, the rates of interest are way higher. A person availing of a personal loan in Kolkata – Rashbehari can expect a rate between 8% and 30% p.a. Although it comes with higher interest, a personal loan helps the most in an emergency. A short-term budget is taken care of. Short-term goals are reached without going too far. Anyone creditworthy gets more than he or she gives. Piramal Finance has made it even easier and cheaper to get a loan. Types of Personal Loans Personal loans can vary according to the purpose they are needed. The following are the major types a borrower must be aware of: Travel loan Balleygunj is the historical name of Rashbehari, where the poshest locality exists. Apart from its market, Avenue Falls and the resorts nearby are places where one can spend a holiday. Everyone who wants a home away from the rest of the world can get a travel loan from Piramal Finance. Wedding loan Kolkata has maintained a balance between the past and the present. It has locations perfect for a pre-wedding shoot. Balleygunj and Rashbehari have both been destination-wedding-friendly. To celebrate the most important day in life without compromising, one must avail for a marriage loan in Kolkata – Rashbehari from Piramal. The latter has the most affordable rates. Home renovation loan An old home or shop needs a stitch in time, especially Ballygunge’s century-old buildings. Piramal lends you a Home Renovation Loan at Piramal at 10.5% p.a. Medical loan Health insurance might not cover all hospital costs incurred, given the soaring prices of medicine. If one wants any medical urgency, lab tests, or surgeries to be attended urgently, he/she must seek a personal loan in Kolkata – Rashbehari. Why miss the best medical care and settle for temporary solutions? Health is priceless. Festival Loan Not participating in this year’s Pujo due to off-budget expenses isn’t a wise idea. A festival personal loan in Kolkata – Rashbehari will never let one be away from festivities. Piramal will empower borrowers to contribute wholeheartedly to the grand Navratra Pandals at Balleygunge. Debt-Consolidation Loan Indebted to a lot of sources to run your business? Piramal Finance lets one consolidate all debt under one rate of interest. With a DCL of up to Rs 25 lakhs, one doesn’t have to worry about saving from his or her working capital. It lessens the burden of management. Features of a Personal Loan A personal loan in Kolkata – Rashbehari has seven unique characteristics: The borrower doesn’t have to prepay or pay any foreclosure charges. The loan value is between Rs. 1 lakh and Rs. 10 lakh. Minimum documentation is needed. A personal loan is quickly sanctioned, and instant disbursals are made. Monthly EMIs never go off-budget. One can choose from a flexible repayment tenure of 12 to 60 months. Piramal Finance allows the coupling of incomes for higher loan eligibility. Eligibility to obtain a personal loan Both salaried and self-employed people can avail of a personal loan in Kolkata – Rashbehari: Salaried A person who works for the government, the public or private sector, a multinational corporation (MNC), a sole proprietorship, etc., is eligible if they: Age: Between 21 and 60 Experience: At least 6 months at the current workplace Monthly salary: At least Rs 250002. Self-employed A professional like a doctor, an architect, a CA, etc. can apply for a personal loan in Kolkata – Rashbehari. A non-professional person like a business owner, business partner, proprietor, or promoter in a public or private limited company is eligible. Both must have ages between 23 and 70. How to apply for a personal loan in Kolkata – Rashbehari? The person who follows the following steps is the most eligible: Visit the Piramal Finance website. Select “Personal Loan” from the main menu. Click “How to Apply” or scroll down to find the same heading. Click the link under “How to Apply” to view a form called “Quick Apply.” Fill out the required fields and enter the captcha. Please read the website usage and privacy policy before checking the box. Submit. A relationship manager will get back to you soon. [B-02] Conclusion Rashbehari Avenue can be a place where one can make the most of loans. Apart from a personal loan in Kolkata – Rasbehari, you can also opt for other loans such as Business Loan, Personal Loan, Used Car Loan, as per your requirement.
08-11-2023
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Personal Loan

Personal Loan in Karnal – Check Eligibility & Apply Online

Applying for a personal loan in Karnal can be time-consuming. Want a personal loan to repay your debt, buy a house, or plan a vacation in Paris? Well, then you are in the right place with the right intent. Today in this article, we will discuss personal loans, how to apply through the online mode, the documents you require, and the eligibility criteria. [B-01] Karnal as a location for finance and personal loans: Being one of the busiest cities of Haryana, Karnal is the hub of several economic activities. With a major historical occurrence during the 1857 rebellion, it is also a place of rich heritage and culture. Besides all this, it is the main centre of multiple economic activities. So, getting a personal loan in Karnal can be difficult for you. There are many credible options to look for while obtaining a personal loan. You can navigate the ups and downs and apply for it with the correct know-how. From where should you borrow a personal loan? If you want to apply for a personal loan in the right way, you need to look at the right source. As for sources, two popular sources offer personal loans. We will discuss which one is better between both of them. BANKS: Banks are the best place to get a personal loan in Karnal. It is because banks charge a very low interest rate, give you sufficient time to repay the debt, and do not require any additional funds. In Karnal, there are several banks, both government and private, that provide you with promising benefits. So, banks are a better source to look for when applying for a personal loan. PRIVATE FINANCIERS: This is also possible if you seek a personal loan in Karnal. Private financiers can offer you the amount you want. But, these sources often charge a very high interest rate as compared to banks. Sometimes, there are hidden charges that you are barely going to notice. They give you less time to repay their debt and often do not provide any additional benefits that banks provide. Are you eligible to claim a personal loan in Karnal? Dive into the eligibility criteria to get the right answer to this question. However, the exact values may vary according to bank regulations and individual prospects. AGE LIMIT: You must be at least 21 years old and less than 65 years old to get a personal loan in Karnal. The age limit varies from bank to bank, but this can be an average count. Some banks also consider the upper limit to be 63–67 years. INCOME CRITERIA: If you work for any government or private institution, you must have a monthly income of INR 25,000. If you are a business person, you should generate 15 lakhs per annum to get a personal loan in Karnal. Some banks might even allow you to get a personal loan on a salary of INR 15,000 per month. WORK EXPERIENCE: A jobholder must have ongoing job experience of about one to three years. Similarly, a businessperson must have work experience of about two to four years. Credit Score: If your credit score is appealing, banks will not hesitate to sanction the loans. A credit score of 750 or more is always a plus for you if you want to get a personal loan in Karnal. What are the documents required to apply for a personal loan in Karnal? As far as documents are concerned, you will be asked for the following: ID Proof: Any legal and authorised document (authorised by the Central Government of India) that provides your identity, like your Aadhar Card, Voter ID Card, Board Certificate, etc., is mandatory. Address Proof: Any legal document that shows your address, like your Aadhar Card, Domicile Certificate, Voter ID Card, etc., is required while applying for a personal loan in Karnal. Date of Birth Proof: Your birth certificate is mandatory to apply for a personal loan Karnal. This gives your birth proof and your place of birth. Signature Proof: You must also provide proof of your signature when applying for a personal loan. To prove that, you can submit your PAN card, passport, or banker’s verification form. Income Proof: You must show your bank statements, pay slips, recent IT returns, etc., to prove your income. Sometimes, you might also be required to show your employment proof, which is not often asked. Your application form with your recent passport-size photographs attached is mandatory. How to apply for a personal loan in Karnal online? Here are some steps for you to follow: Visit the page of application of the bank from which you prefer to apply for a personal loan. Read the “terms and conditions” page thoroughly before accepting the terms and conditions. Enter your mobile number linked to your bank account, followed by an OTP. Now fill in your details, like your name, address, pin code, PAN, etc. The loan page pops up, where you have to enter your loan amount, the type of loan you want, and the period of repayment. Then lastly, you must submit all your documents, like your KYC documents, income proof documents, and photographs. [B-02] Wrapping-up A personal loan can open windows for you to thrive on your dream. It can bring up new opportunities and help you accomplish your plans, like going on a foreign tour with your family or financing a marriage. A personal loan in Karnal is easy to apply for, quickly approved, and can be conveniently repaid. To read more engaging blogs like this, visit the official page of Piramal Finance. They have hundreds of proficient articles and blogs on personal finance. Make sure you check them out.
08-11-2023
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Personal Loan

How Can You Get Personal Loan Without Cibil Score?

When a borrower applies for a personal loan, the lender normally first looks at their CIBIL score. A strong CIBIL score helps borrowers meet eligibility standards even when they apply for personal loans. Anyone looking for financial assistance should pay close attention to their CIBIL score. The CIBIL score improves a person’s creditworthiness when applying for an unsecured personal loan. However, you can now apply for a personal loan without a CIBIL rating. Additionally, an increasing number of financial institutions are launching new promotions and deals. As a result, you may focus on your needs and take advantage of the best offers to obtain a personal loan without CIBIL. [B-01] What is the CIBIL Score? To determine whether a potential borrower is qualified for any loan without collateral, a CIBIL check is conducted. A three-digit numerical summary is the credit score, also known as the CIBIL score. It demonstrates the creditworthiness of the individual or business. This rating is controlled by The Credit Information Bureau (India) Limited (CIBIL). It is used to determine a borrower’s ability to make complete and timely loan repayments. All banks and financial institutions provide credit information to CIBIL for use in establishing this score. Borrowers may still be approved for a personal loan even if they apply without producing CIBIL or income proof like paychecks. So, is getting personal loans with a CIBIL score possible? What Does It Mean to Have No or Low CIBIL Score? Any CIBIL score below 750 is considered to be low. For the lender, personal loans without CIBIL represent a higher risk. This is because they are unsecured loans that do not require collateral. However, a good credit score affirms a person’s reliability by demonstrating a history of on-time payments. This does not imply that not having a CIBIL score makes it difficult to obtain a long- or short-term loan. Even if you have a poor CIBIL score and no credit history, no income evidence, or both, you can still apply for a loan. Given below are some options to consider. How to Get a Personal Loan Without a CIBIL Score Immediately Your CIBIL score is one of the considerations evaluated when you apply for a personal loan. For your loan to be authorised, your CIBIL score must be 750 or higher. Despite your low CIBIL score, the lender may still approve your loan but might charge a higher interest rate. We will look at a few methods for getting a personal loan without CIBIL while having a poor CIBIL score. Decide on collateral-based loans Generally speaking, personal loans without CIBIL do not require security or collateral, but this is only true if you have a strong credit score. On the other hand, if you have a negative credit score or none at all, you will need to provide security for a personal loan with a low CIBIL score. Any of your priceless possessions could be utilized as loan collateral. You’ll find it easier to apply for a loan from any lender if you do this. Show that you are creditworthy A creditworthy borrower is always necessary for the lender to approve a loan application. If you have a steady source of income, you can easily get a personal loan even with a poor CIBIL score. Even if you have a bad credit score or none at all, presenting your pay stubs or bank statements as proof of your income is acceptable. This will prove to the lenders that you are capable of paying back loans on schedule. Get a loan guarantor If you apply with a guarantor or a co-applicant, your chances of receiving a personal loan without CIBIL authorization will increase. However, if the guarantor is a relative, make sure they are aware of your intention to apply for a personal loan without providing a credit report and that they have a steady source of income. For the application to be approved, the co-applicant must finish the KYC procedure. Lenders will evaluate your credit history or bank statements and will approve the loan application if the co-applicant meets the conditions. Request a smaller loan amount If your CIBIL score is low, do not ask for a bigger amount loan. The lender might not approve it because questions could arise about your creditworthiness. Since the interest rates will be lower, it is advisable to apply for a lower personal loan amount. Your chances of getting the loan approved will therefore increase. Request a NA or NH on your credit report from your lender No History (NH) or History Not Available (NA) will appear on your credit report if you have not used credit in the last 36 months. You can discuss your inactive credit with your lender in such cases. The lender will take your situation into account. They may offer you a personal loan with a slightly higher interest rate than one that requires CIBIL. Check the credit report It is always advisable to verify your credit report because there may be mistakes. Your credit score may be directly impacted by such mistakes. Therefore, make sure to regularly check your CIBIL score and repair any problems as soon as you notice them. Such inaccuracies can be reported to CIBIL as a dispute. As a result, your CIBIl score will rise. Thus, you will be qualified for a personal loan. Some borrowers may lose out on getting loans. This will happen if the CIBIL makes inaccurate updates to its database. You must frequently monitor your credit record. Also, maintain a high CIBIL score by making repayments on schedule. [B-02] Conclusion A personal loan does not necessarily have to be impossible to obtain even without a CIBIL score. Borrowers have several possibilities for obtaining a loan without a CIBIL score because of the large number of plans and offers that are currently accessible on the market. Therefore, take your time and shop around to locate the finest choice if you are seeking a loan without providing income documentation or a CIBIL score. For more information or details, check out Piramal Finance.
08-11-2023
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Personal Loan

Personal Loan in Bilaspur – Check Eligibility & Apply Online

Bilaspur is a major centre of Indian energy production. Lots of power plants are there. The Sipat thermal power plant, which is the second-largest NTPC thermal power plant in India, is in the city. Because of this, it is one of the cities in India where business is growing rapidly. Getting a loan is vital for people who want to start their businesses. Personal loans are getting a lot of attention because they are so easy to get. If anyone is looking to get a personal loan in Bilaspur, this is the right place. Here is all the information you need about how to apply for a personal loan in Bilaspur, eligibility criteria, and more. [B-01] Personal Loan in Bilaspur Personal loans aren’t just for people; many businesses also take them out. Using personal loans, people can fix their office or car, pay for their child’s college education, or help out other family members financially. Getting a personal loan can also help fix urgent money requirements. It’s easy to get a direct loan online. Before someone applies for a personal loan in Bilaspur, the bank will check to see if they meet the requirements. After that, you will need to provide certain documents. How to Be Eligible for a Personal Loan in Bilaspur The eligibility rules are the same for both salaried employees and proprietors. Salaried Persons Individuals should be in the age range of 21 to 60 years. Those who want to apply must have worked for at least three years. Their salaries should only be credited to their bank accounts. Those who want to apply must have a good credit score. The applicant must mention their place of work. People who want a loan of at least Rs 12,000 and reside in a modern city or town must have a monthly income of at least Rs 18,000 Self-Employed Persons The age should be at least 25 years old. Anyone who wants a direct loan must show their tax returns filed in the past three years. Business owners must show that their business has been operating for at least three years and has an eligible source of income. The credit score of the person should be excellent. There will no longer be any responsibilities or obligations. Borrowers must earn a minimum of Rs 2.5 lakh per year. People must provide three months’ worth of financial statements and bank accounts for personal loans. Documentation Needed for Personal Loan in Bilaspur Salaried People Identity proof, like an Aadhar card or a driver’s licence. Last three months’ salary slips Six-month bank statement. PAN Card. For rented apartments, proof of residency and a rental agreement are needed. Two passport-sized photos. Self-Employed Consumers All financial documents are required (ITR documents with a balance sheet and P&L statement). PAN Card. Aadhar card for identification. Proof of residence or a leasing agreement is required for leased apartments. Two passport photos How to Get the Lowest Interest on a Personal Loan in Bilaspur When filling out the application for a personal loan in Bilaspur, there are a few important things to consider. The application form is crucial to receiving a loan and determining the interest rate. Directly asking to get a consumer loan is one way to do it. Still, there are a few things to consider before taking out a loan. Whenever you apply for loans, you need a good credit score. If the credit score is at least 750, it’s good. It is a crucial part of getting the loan form approved. The interest rate is also affected by it. A loan’s interest rate will be lower if the applicant’s credit score is higher than the bank requires. People’s credit scores can be improved by paying off any fees or debts that are past due. People also need to do a little research, which is something else to keep in mind. People must be sure about the financial company they want to get a loan from. Charges on Personal Loan in Bilaspur The interest rates for a personal loan depend on the person’s history and pay rate. The interest rate on a personal loan in Bilaspur starts at 10.75% per year. Every loan company will charge the person a penalty fee if anyone wants to pay off the loan before the agreed-upon time. The fees change based on how long the loan has been around. In the second year, the borrower pays 4% of the existing loan sum and 2% in the fourth year. How to Avoid Getting a Personal Loan Rejected Keep the CIBIL score at 750 or above. Credit report mistakes might lower the credit score and limit loan acceptance prospects. Before anyone decides on a loan deal, compare the personal loan offers from banks and NBFCs. Apply for the loan at a bank or NBFC where a high chance exists. Don’t apply for more than one loan in a short amount of time. Things to Know Before Getting a Personal Loan in Bilaspur Before applying for a personal loan in Bilaspur, one must keep in mind the following: Actual Need Before getting a personal loan in Bilaspur, one should consider whether or not they need the money and how soon they need it. Compare Lender Rates Before applying for a loan, people should look at different lenders’ rates and choose the one with the lowest rate. Added Charges Pay attention to fees like processing costs, penalties, late payment fees, etc. that come with a loan. They are the fees and costs that the lender adds to the interest. CIBIL Score Most of the time, it’s a good idea to check the CIBIL score first. This ensures that getting a loan is easy if a person’s credit score is high enough. People can check their credit scores for free on many websites. Consider Other Loans Look into other loan options before getting a personal loan in Bilaspur. For example, if anyone needs a loan to fix up their house, try to get a home loan instead of a loan because the rate on a home loan is much lower. [B-02] Conclusion Personal loans, or consumer loans, save people from urgent money problems. They don’t have to follow a strict process to get a personal loan in Bilaspur. For the same, they must send in all the necessary paperwork, and their loan will be approved within a day. That being said, if all goes well, this could be a good option for people who are looking for quick cash. To learn more, visit Piramal Finance and take a look at their products and services for more related details.
08-11-2023
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Personal Loan

Personal Loan in Bhopal – Check Eligibility & Apply Online

Bhopal is the capital of Madhya Pradesh. It is home to many banks that assist people in meeting their urgent monetary needs through loans. A personal loan in Bhopal may help people who need funds for a wedding, school fees, medical bills, or travel expenses. Interest rates start as low as 9.30%, and the tenure may last up to 5 years, making it easier to repay the loan. Banks, local banks, and other banking firms make loans available regularly. [B-01] How To Get A Personal Loan In Bhopal? The filing process to obtain a personal loan in Bhopal is very convenient. The process may be done using an app. Install a lending app from Google Play or the Apple App Store on your phone. To build your profile, enrol in the app and submit your basic data. Input the loan amount needed. It can range between Rs 9,000 and Rs 4 lakhs. The loan’s term is then set. It may range from 62 days to 1.5 years. Check the rate of interest on the loan sum before starting. Individuals must also submit proof of their identity, home, and salary. Aadhaar card, PAN card, driver’s license, passport, energy bills, wage slips, and bank records, which are valid documents for a personal loan in Bhopal. It will take a while for the app to verify the demand. The bank will then send the funds to their personal savings account after the loan is granted. The individual may return the loan amount via bank transfer as well as by check payment by the time limit. How to Get a Personal Loan in Bhopal with a Lower Rate of Interest When applying for a personal loan in Bhopal, there are some aspects to check since they might play a vital role in getting the loan. The information given in the application form is vital to getting a loan, as is the rate of interest given on the loan sum. A strong credit score is a vital aspect when asking for a loan. A credit score of 750 or more is considered good. It plays a crucial role in having the loan granted. This factor also impacts the interest rate. A credit score greater than the bank’s standard will result in a cheaper interest rate on a loan. Paying off any outstanding fees or debts is a great way to improve your credit score. Another thing to keep in mind is the financial firm you have applied for the loan with. Personal Loan in Bhopal: Salary Requirements When a banking firm gets a loan request, it must assess many aspects. The person’s ability to repay the loan is one of the factors they consider. The wage limits for repaying a loan amount are as follows: The person must have lived in Bhopal for at least one year. A salaried individual must have a monthly salary of at least Rs. 15,000. The minimal monthly income needed varies from one lender to another. The person must have at least 2 years of work experience. The person must be at least 21 years old. The person must be under the age of 60. The person will be asked to show a few documents, such as bank records, address proof, identity proof, and so on. Documents Needed for a Personal Loan in Bhopal People drawing wages You must give one of the following documents for identity proof: a passport, driving license, Aadhaar card, PAN card, or utility bills from the last 3 months. You may provide your tenant’s contract papers. Income proof: six months of the most recent bank record and six months of payment receipts. 2 passport-size photos. Self-employed ITR reports and all documents of monetary transactions. 2 passport-size photos. You must give one of the following documents for identity proof: a passport, driving license, Aadhaar card, PAN card, or utility bills from the last 3 months. You may provide your tenant’s contract papers. Personal Loan in Bhopal: Standard for Eligibility The qualifying criteria for a personal loan in Bhopal vary for employed and self-employed persons: People drawing wages The person’s age must be between 21 and 60 years old. The person must have three years of work experience. Also, they must note the payment in their files. The person must have a solid financial track record. The person’s active area must be stated. Self-employed A person’s minimum age must be 25 years old. Applicants must have ITR records for the past 3 years. The person’s financial records must be acceptable. The person’s annual salary must be at least Rs 2.5 lakh. People have to give their bank statements and other money-related documents from the last quarter of the year as part of the paperwork. [B-02] Wrapping Up At its most basic, a personal loan in Bhopal allows a person to borrow money from a banking entity. It might be a good plan if a person needs cash instantly. They are not the only sort of banking entity that provides personal loans, though. People may also get loans from credit unions, retail lending firms, internet lenders, and peer-to-peer lenders. A personal loan in Bhopal is available for nearly every reason. Debt reduction, home upgrades, health costs, and repaying an old debt are typical uses. Visit the Piramal Finance website and look at their products and services to find out more related information.
08-11-2023
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Personal Loan

Current Charges and Interest Rates on Personal Loan

A personal loan is one of the financial instruments you can get to cover your numerous financial needs. You can easily apply for a personal loan, online or offline, from a bank that provides the best personal loan offers to its clients. However, before you apply for a personal loan, you should compare the personal loan interest rates provided by the various institutions, which range from 7.90% per annum to 49% per annum. [B-01] Current Charges and Interest Rates Lending InstitutionInterest Rate (p.a.)Citibank9.99% p.a. – 16.49% p.a.Central Bank of India9.85% and aboveState Bank of India9.60% p.a. – 15.65% p.a.HSBC Bank9.50% p.a. – 15.25% p.a.Bank of Maharashtra9.45% p.a. – 12.80% p.a.Karur Vysya Bank9.40% p.a. – 19.00% p.a.Indian Overseas Bank9.30% p.a. – 10.80% p.a.IDBI Bank8.15% p.a. – 10.90% p.a.Punjab National Bank7.90% p.a. onwardsIIFL24% p.a. onwardsHome Credit Cash Loan19% p.a. – 49% p.a.TurboLoan Powered by Chola15% – 21% (fixed) p.a.Aditya Birla Capital14% p.a. -26% p.a.RBL Bank14% p.a. – 23% p.a.Axis Bank12% p.a.- 21% p.a.Karnataka Bank12% p.a. – 17% p.a.City Union Bank12.75% p.a.Fullerton India11.99% p.a. – 36% p.a.Ujjivan Small Finance Bank11.49% p.a. – 16.49% p.a.Yes Bank10.99% p.a. – 16.99% p.a.Tata Capital10.99% onwardsJ&K Bank10.80% p.a.South Indian Bank10.60% p.a. – 18.10% p.a.Bank of Baroda10.50% p.a. – 12.50% p.a.HDFC Bank10.5% p.a. – 21.00% p.a.IDFC First Bank10.49% p.a. onwardsIndusInd Bank10.49% p.a. – 31.50% p.a.Federal Bank10.49% p.a. – 17.99% p.a.Bank of India10.35% p.a. – 12.35% p.a.Kotak Mahindra Bank10.25% and above How Can I Get The Lowest Bank Personal Loan Interest Rate? Here are some suggestions to assist you to obtain the lowest bank personal loan interest rate when applying for a personal loan: Increase your credit score If your credit score is high, you are creditworthy. The lowest bank personal loan interest rates are offered to applicants with good credit by banks and other financial organizations. You should therefore verify your credit rating before applying for a personal loan. If your credit score is below 750, you should seek ways to improve it. You have a greater chance of getting a personal loan from a bank with a low interest rate if your credit score is over 750. Prevent Missing Repayments If you fail to pay a loan or credit card bill, your credit score may suffer. Lenders often take into account your payback history when determining personal loan interest rates. If you have previously made payments of credit card or EMI regularly, you will likely be awarded a reduced bank personal loan interest rate. Be on the lookout for promotions Banks and other financial organizations that offer personal loans frequently offer attractive interest rates for a limited time during the holiday seasons. You may be eligible for a loan with a lower bank personal loan interest rate while this deal is ongoing. Examine the bank’s personal loan interest rates It is crucial to check the interest rates that various banks and NBFCs charge for personal loans before applying for one from a certain bank. As a result, you will be able to get a personal loan from a bank with a fair interest rate. Negotiate with the lender If you have an excellent working relationship with the loan provider or are an existing customer of the bank, you can work out a deal for the lowest interest rate. It is advised to send the loan provider a formal, written request while doing this. Factors That Can Affect The Personal Loan Rates Income When setting the interest rate for a loan, lenders consider the applicant’s income. High-earning people may have a reduced interest rate since they are considered a smaller risk to the bank. Conversely, those with lesser yearly salaries might be required to pay a higher interest rate. Employer Information The bank or financial institution is more likely to give you a cheaper interest rate if you work for a reputable company. Employment Type Loan providers may offer various interest rates to applicants depending on whether they are salaried employees or independent contractors. Age The borrower’s age may affect the interest rate that the loan provider quotes. A greater interest rate might be applied to people who are closer to retirement age. Relationship with the loan provider Current bank/financial institution clients who have a good relationship with the loan provider may be given a cheaper interest rate when applying for a personal loan. However, the bank reserves the right to decide whether to give a favourable interest rate to all current customers. [B-02] Conclusion The interest rates on personal loans range from 7.90% per annum to 49% per annum. The interest rate on your loan is determined by the amount you have borrowed, your credit score, and the length of time you have to repay it. The interest rate on your loan may be reduced if you keep a solid credit score and work well with the bank. Personal loans from top lenders are frequently offered, starting at 10.49% p.a. To specified market sectors, certain public sector banks may offer personal loans with lower interest rates. It should be noted that the interest rate for a personal loan will depend on several factors, including the borrower’s employment history, monthly income, credit history, etc. Choose the most suitable loan offer after comparing the personal loan interest rates offered by as many institutions as feasible. For more information, check out Piramal Finance.
08-11-2023
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Personal Loan

Top Benefits of Personal Loans That Will Make Your Life Easier as Senior Citizens

Whether you are in your 50s or 60s, everyone needs financial aid in an emergency situation. Personal loans have always been of help to people from all walks of life. Personal loans assist people with their urgent financial needs. Personal loans are widely available and easy to get. Older people, such as retirees, can plan to make the best use of personal loans for their needs. Usually, banks and personal loan providers see senior citizens as a higher risk. The reason for this is that senior citizens do not have a reliable source of income. Most banks have an upper age cutoff. Beyond this age, you cannot get a personal loan. As a result, senior citizens may find it hard to get a personal loan. However, the good news is that many lenders nowadays know how important financial support is for seniors. They provide retirees with unique personal loans. Each plan comes with a variety of advantages. Here is a list of benefits and details required to get a personal loan for senior citizens. [B-01] Features of a Personal Loan for Senior Citizens Here are some of the important features of a personal loan for senior citizens. Eligibility Requirements Senior citizens retiring from the central or state government Former employees of private firms get a regular monthly pension Spouses receiving a family pension on their partner’s behalf Repayment Schedule Most regular personal loans have a 12- to 60-month repayment term. Various lenders follow different repayment schedules. Interest Rate Personal loans for senior citizens have lower interest rates than standard personal loans. Several factors that influence the interest rate include: the amount taken as a loan the borrower’s age the loan-provider bank’s policy the collateral or security offered Security or Collateral Personal loans do not need any security or collateral because they are unsecured loans. Also, there is no need for an additional guarantee as pension loans are given to senior citizens withdrawing a stable pension. Key Takeaways Pensioners can get personal loans immediately from banks to meet their financial needs. Personal loans for senior citizens have different entry requirements. Senior citizens can apply for a personal loan without the hassle of much paperwork. Banks offer low-interest personal loans to people over the age of 60, and the monthly payments can be made in different ways. Financial problems can come at any time and at any age. Even with a monthly pension, old people cannot cover their living expenses. Additionally, unforeseen events can arise, and their financial plans may fail. Senior citizens may need a large amount of money immediately to wade through such situations. Today, there are many lenders who offer personal loans for senior citizens and support them with financial help. Benefits of Personal Loans for Senior Citizens Senior citizens’ needs may change. Some would want to avail themselves of a loan to pay off an outstanding car loan. Likewise, others might use a personal loan to meet various wedding costs for their children. A personal loan could also be used for medical purposes. Some benefits of personal loans for senior citizens are listed below: The interest rate is low based on the age of the senior citizen. The rate differs for people aged 70 and above. Seniors don’t have to worry about making payments because they have more time to pay back their loans. A co-applicant or guarantor can help them get the loan approved. Some banks even offer low processing fees for senior citizens. Basic Conditions for Personal Loans The lender may need a security or guarantee to approve the loan. The applicant will have to submit the required documents while applying for the loan. They will have to submit the pension documents each month. Some lenders look into a retired borrower’s health situation for loan approval. Who Can Apply for a Personal Loan for Senior Citizens? Defence Pensioners Residents of India below 76 years of age. Pensioners of the Rashtriya Rifles and Assam Rifles, Paramilitary Forces (CRPF, CISF, BSF, etc.), Coast Guards, Air Force, Navy, and Army. Central and State Government Pensioners Residents of India below 76 years of age. Third-party guarantee or spouse. Family Pensioners Residents of India below 76 years of age. On the death of the main pensioner, the authorized family members can receive the pension. Documents for Applying for a Personal Loan for Senior Citizens The individual could be retired or a family pensioner. Each person will have to submit the given documents: A copy of the PAN Card 2 passport-size photographs A duly filled loan application form One valid identity and age verification document, such as a: Passport Voter Identity Card Driving License Aadhaar Card One valid address verification document, such as: Utility Bills Passport Voter ID Ration Card Bank account statement Driving license Aadhaar card Property rental agreement/purchase agreement, sale deed Pension payment order as an income proof document [B-02] Conclusion Pensions make life easier for retirees, but emergencies can happen at any time, even after retirement. A pension may not be enough to cover an urgent need for money. Pensioners can feel safe taking out a personal loan in some situations. Even for older adults and pensioners, many lenders give quick personal loans. The terms and conditions may vary. Families can handle their financial difficulties with the help of personal loans for senior citizens. Make sure to review the lender’s terms and conditions. Check the EMI and personal loan eligibility calculators. It can help to find out the total loan amount. Get more information at Piramal.
08-11-2023
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Personal Loan

Personal Loan in Belgaum – Check Eligibility & Apply Online

Belgaum is situated along the Western Ghats in northern Karnataka. Because of its importance, the Karnataka government wants to make it the second capital. The Ratta Dynasty ruled in Belgaum at the end of the 12th century AD. It is therefore steeped in history and culture. The businesses in this city bring in a lot of money. So people need loans to help them reach their goals. There are pros and cons to getting money from a private lender in Belgaum. When applying for a personal loan in Belgaum, you need a good credit score and a steady income. This article will highlight some of the most important things to consider before applying for a personal loan in Belgaum. [B-01] Personal Loan in Belgaum Most of Belgaum’s big banks and financial institutions offer personal loans without proof. Without security, people can get loans from Rs. 50,000 to Rs. 40,000,000. People take personal loans in Belgaum for medical bills, vacations, home improvements, weddings, or purchases. There are more types of loans, such as “top-up,” “balance transfer,” and “debt consolidation.” People need a good credit history and income to get a personal loan in Belgaum. The most important things, like the amount, length of time, and interest rate, will depend on the years someone has worked for a company and other factors. There is no penalty for paying off a loan early at a bank in Belgaum. Most banks charge between 4% and 5% for foreclosure payments. Why apply for a personal loan in Belgaum? There is no need to give the bank anything as security. A person can use a personal loan for many different things. It applies to all monetary issues. A person’s ability to repay a personal loan is tied to income. For a personal loan in Belgaum, you don’t need a guarantor or a nominee. Eligibility for a Personal Loan in Belgaum Eligibility criteria for a personal loan in Belgaum are available online with only a few clicks. Most of the requirements for this loan are based on the borrower’s employment history, which can be broken down into two main groups. ParticularsSalariedSelf-employedAge21 – 60 years21 – 65 yearsMinimum incomeRs.15,000/monthRs. 5 Lakh p.a.Loan tenure12 – 60 months12 – 60 monthsMaximum loan amountRs. 40 LakhRs. 40 LakhCo-applicantNot mandatoryNot mandatoryEmployment typeEmployees of private companies and government officesSelf-employed personsEmployment detailsAt the very least 2 years; 1 year with the present companyDoctors and chartered accountants need to have worked for 4 years.Registered architects and company secretaries must have 5 years of experience.CIBIL score750 and above750 and aboveResidential statusIndia Documents Required to Get a Personal Loan in Belgaum To approve a personal loan in Belgaum, lenders need some paperwork. Identity/age proof (anyone)Ration cardPAN cardPassportAadhaar cardDriving licenceVoter ID cardBirth certificateAddress proof (anyone)Aadhaar cardPassportRation cardUtility billsDriving licenceIncome proof (anyone)Last 6 months’ bank statements/salary slipsForm 16Bank passbookCopy of pension payment orderIncome tax returnsPhotographsPassport-size photographs Belgaum Personal Loan Processing Fee and Prepayment Charges Every bank and NBFC will charge a fee for a personal loan application in Belgaum. These costs add up to about 1% of the approved personal loan in Belgaum. All financial firms charge fees for loans that are paid off early. Borrowers often have to wait at least a year before they can pay back their loan. After that, prices are based on how much of the loan term is left. Between the second and fourth years, payments range from 4% of the loan balance to 2%. How Can You Get a Low-Interest Personal Loan in Belgaum? Before applying, the person should know what affects the interest rate and the loan amount. Here are some important things to consider before getting one’s first personal loan in Belgaum. The bank’s lending rate is based on a person’s credit score. The bank’s interest rate goes down as his credit score goes up. If you want a loan, you should have a credit score of at least 750. Most people don’t think about how much a down payment might affect the interest rate while applying for a personal loan in Belgaum. However, a 20% down payment of the total loan amount can get people a lower rate overall. Before giving a loan, banks and NBFCs examine a borrower’s debt-to-income ratio. A less than 40% debt-to-income ratio is good. If a loan applicant’s debt exceeds 40% or 50% of their yearly income, they may be refused. If the loan is approved, the interest rate will be higher (income-based). It’s not a good idea to borrow money from the same bank where the paycheck is kept. You should look around until you find a bank or NBFC with a loan that fits your budget. Banks are more likely to trust a borrower who works for a reputable company and has a lot of work experience. Working experience has a significant impact on the interest rate. Negotiating with the borrower’s principal is vital to getting the best deal. Most people don’t even know they have this option. If anyone talks to the bank about getting a lower interest rate, they might end up with a better deal. Tips to Avoid Rejection of a Personal Loan in Belgaum Try to keep the CIBIL score above 750 at all times. If incorrect information is on the credit report, it may lead to the rejection of any personal loan in Belgaum. Look at the loan rates offered by banks and NBFCs before committing to a loan. Try to get a loan from a place with a high acceptance rate. Don’t fill out many loan applications at once. [B-02] Wrapping Up Taking a personal loan in Belgaum can be a good option if you are looking for quick funds to meet your financial needs. The purpose of the loan doesn’t necessarily need to be related to a wedding or marriage. Personal loans in Belgaum can also be used to combine all of a person’s debts into one single payment. This reduces the amount of money they have to pay each month and frees up money for other needs. Piramal Finance offers easy, paperless personal loans in Belgaum. Visit their website to read more blogs like this and learn about their services and products.
08-11-2023
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Personal Loan

What are the Advantages of Getting a Personal Loan During the Festival Season?

With the festive season almost upon us, it’s time to start thinking about shopping and gift-giving. While you may want to save up enough money to cover gifts for everyone you know, it is more important to save for a rainy day. If you do not have such savings and encounter unexpected expenses that prevent you from spending money on festive expenses, you can apply for a personal loans during festival season. Some major benefits include easy loan sanctioning, attractive interest rates, and flexible repayment options. These loans are generally easier to obtain during the holiday season than at other times of the year because people spend more money during this time. Fortunately, there are ways to fund your shopping expenses even if you do not have enough money to pay for them. Here are some advantages that you get when you apply for a personal loan during the festive season. [B-01] What is a Personal Loan? Personal loans are a type of unsecured loan, meaning that you don’t need to offer collateral. You can use it for anything from buying a car or renovating your home to consolidating your debt or going on vacation. During festivals, there is an increase in the demand for home appliances, gold, property, vehicles, and festive apparel. The money is typically given to you through monthly payments over five years, and interest rates can range from 5% to 35%. Top 8 Advantages of Getting Personal Loan at Festive Season During the festive season, there are many benefits you can get from banks. To compete with each other, they give many benefits to the customer. Here you can read the top advantages of getting personal loan at festive season Lower Interest Rate: Most banks and NBFCs offer low rates during the festive season in an effort to attract new customers. With banks giving out more loans to compete with each other, you can get a better interest rate during the holiday season. If your credit history and CIBIL score are both good, you can try negotiating the interest rate with the lender. No Fixed Deposits Requirement: You do not need to lock your money in a fixed deposit for any specified period, so you can withdraw it at any time or use it for something else as well. Discount on the Processing Fee: The processing fee for your loan is usually 1%–3% of the total amount being borrowed. But many banks waive this fee during the festive season because they want you to be their customer for life. No Collateral: Unlike if you were taking a home loan or car loan, there is no requirement for collateral in case you default on your payment. All the bank wants from you is that the repayment be done every month without fail. Easy Approval: Banks and NBFCs have special teams that look into these types of loans only during the festive season, which makes it easier for people to get approved with fewer documentation requirements. Flexible Repayment Tenure: When you take out a loan to pay for your holiday expenditures, you have time to repay it with no urgent financial obligations hanging over you. The whole loan can be repaid over a custom-designed payment period, according to the client’s capacity to pay. That’s because personal loans don’t require any collateral, so there is less risk for the lender too. Less Paperwork: Personal loans don’t require much paperwork, unlike a home loan or a car loan, where all sorts of documents are required, including salary slips, property tax records, etc. Tips to Get a Personal Loan Easily During the Festive season Here are 4 tips to get a personal loan easily at festive season. These tips help improve your chances of getting better deals. Maintain a healthy credit score: A high credit score is one of the most important factors for approval. You can maintain good credit by paying bills on time and keeping balances low on your cards and other loans. Having a good credit score will make it easier for you to get a personal loan. Calculate monthly instalments (EMIs) carefully- It is essential that you find out how much money the bank would ask from you as an EMI before finalizing your decision. If possible, go for EMIs that last less than two years so that you won’t be left with any balance at the end of the tenure. Make sure that EMI does not exceed 40% of your net income after deducting taxes and PF contributions, because anything over this limit could put undue pressure on you. Compare Different Loans: To get the best deal during the festive season, you need to keep an eye on different banks, NBFCs, and financial companies. Also compare interest rates, tenure, processing fees, and other charges. The best way to compare different loans is by checking financial service websites. Understand your requirements: Always understand your requirements before applying for a loan. For what purpose do you need a loan? Is this loan good for me? Is any other option available? For example, there’s no point applying for an expensive personal loan when you really want only Rs. 5,000 to buy new clothes or accessories for Diwali. [B-02] Conclusion Personal loans can be a great way to put your money to use during festive times by giving you access to more cash than you would have otherwise had. During the festive season, you get lots of benefits on personal loans like lower interest rates, less paperwork, flexible repayment, etc. However, there are some disadvantages too. Personal loans often come with higher interest rates and cost you more over time. So it’s important that before you sign up for one, you think about how it will affect your financial situation and whether or not it’s worth it. Also, make sure to check out the Piramal Finance website to get the best deals and offers on getting personal loans.
08-11-2023
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