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Personal Loan

Personal Loan In Faridabad – Huda Market: Check Eligibility and Apply Online

Personal loans are a form of finance available to all Indian citizens. At times when there is a shortage of funds in an Indian household, people prefer to take out a personal loan instead of asking friends or family for help. As per the data released by RBI, the demand for personal loans grew by 12.3% in February 2022 as compared to the previous year. Further, the overall demand for credit increased to 6.5% in February 2022 as compared to 1% in February 2021. This information shows that Indians trust their banking and credit systems and are willing to take out a personal loan when they need money. Needs, desires, and wants are common in any society. Fulfilling them may require some financial support. Personal Loan In Faridabad – Huda Market is a reliable source of financial aid. As with any sort of liability, personal loans come with their share of risks. So, it is advised that people borrow money only after proper research. [B-01] Personal Loans and Their Types Personal loans are short-term, unsecured loans. They can be used for a range of reasons, such as big purchases, weddings, buying vehicles, etc. They can be repaid within two to six years, and the repayment is made through monthly instalments. To understand more about EMIs, read this blog on the Piramal Finance website. Eligibility to Avail of a Personal Loan In Faridabad – Huda Market The factors that affect your eligibility for taking out a Personal Loan In Faridabad – Huda Market are Credit Score People with a credit score of 750 or above are seen as creditworthy. Banks and other lenders tend to rely more on such people and are more willing to lend money to them. Employment Type For salaried employees, banks also consider the type of job they have been doing and for how long. For self-employed people, lenders check work experience and the length of time the business has been running. Employer Reputation Among salaried applicants, government employees are provided loans at lower rates than MNC employees due to a higher certainty of income. Businesses run by professionals such as CAs, CSs, MBAs, etc. are seen as more reliable than others for personal loans. Age Banks prefer giving loans to individuals in the age range of 21 to 65 years because of their earning capacity. Minimum Income Lenders prefer applicants with higher incomes because this reduces the risk of default and non-repayment. Most bank websites have information about the minimum monthly or annual salary and gross annual income that applicants must have. Repayment capacity Banks consider the applicant’s EMI/NMI ratio to judge the repayment capacity. An EMI/NMI ratio of at least 50%–55% is a requirement with most banks. The following are the eligibility criteria for salaried and self-employed applicants for availing of a personal Loan In Faridabad – Huda Market: Type of EmploymentAge LimitMinimum IncomeMinimum Work Experience/Business ContinuityCredit ScoreSalaried21-60 yearsRs 25,000 per month1 year and 6 months with current employer750 or moreSelf-Employed25-65 yearsRs 15 lacs per annum2 years of business continuity750 or more The above eligibility criteria vary from one lender to the other. You should check the criteria of your preferred lender before you apply. Documents Required to Avail of Personal Loan In Faridabad – Huda Market The following are the basic documents that you should submit with your personal loan application: Passport-size photograph Income proof: Bank statements of the last 3 months (for salaried persons) Proof of continuity in the current job: Form 16 or appointment letter (for salaried persons) Proof of continuity of business: Trade license, establishment, or sales tax certificate Income tax returns of the last 2 years (for both salaried and self-employed applicants) ID proof: Passport, PAN card, driving license, voter ID, Aadhar card Address proof: passport, ration card, Aadhar card, utility bills, voter ID, LIC policy receipt Credit (CIBIL) Score The documents required for a personal loan In Faridabad – Huda Market may vary based on the lender. You should check your lender’s requirements well in advance before filing the loan application. Things to Know Before Taking Out a Personal Loan A personal loan In Faridabad – Huda Market should be applied for after doing proper research. There is a great risk element in personal loans as well. So here are a few things that you should know before applying for a personal loan: Maintaining a good credit (CIBIL) score of at least 750 will increase the acceptability rate of the applicant while applying for the loan. Experts at Piramal Finance have given some tips to improve your CIBIL score. Compare interest rates offered by various lenders before choosing one for your loan. Hidden and other costs such as processing, pre-payment, and late payment fees should be checked first. While finalising the amount of the loan, you must consider the needs for which you are taking out the loan. Make a proper repayment plan. Identify and keep aside sources of income from which payments can be made. Be careful and don’t fall for plans and offers that sound too good to be true from different lenders. [B-02] Conclusion A personal loan is a reliable and readily available source of finance for Indians to meet their needs and wants. You should now have a clear idea about the types of eligibility and requirements for a personal loan in Faridabad – Huda Market. This is a general overview. In case of any queries, it is always better to research and consult with experts. For more information regarding the availability of personal loans, consult with experts at Piramal Finance, who will give you the right guidance and support. While there, make sure you also check out their other financial products, services, and articles.
08-11-2023
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Personal Loan

Personal Loan In Dehradun – Simple Steps To Check Your Eligibility And Apply Online

It is impossible to always have enough money to make large purchases or cover large expenses. But you can always borrow some money from a lender and repay it with interest over time as you earn. This simple concept is how banks offer personal loans. While there are many forms of loans, personal loans offer the unique advantage of having no security requirements or usage restrictions. As a result, you can take personal loans from banks or other financial institutions without sacrificing anything as security to back them. And you can use the loan for almost any purpose! What’s more? You can quickly obtain a personal loan in Dehradun by applying online instead of standing in long queues! However, there are some eligibility criteria, details, and steps that you should know before you apply for a personal loan. This quick guide will cover all these areas to help you get a personal loan at the best rates in Dehradun’s beautiful and fast-growing state. Let’s begin! [B-01] What Is A Personal Loan in Dehradun? Personal loans are unsecured loans in which a financial institution loans you money based on your creditworthiness without requiring any security for the borrowed amount. The amount usually ranges between Rs. 50,000 and Rs. 15 lakhs. Personal loans are generally for individuals, but joint loans with a close family member are sometimes possible. The lack of security, diversity of purpose, large lending amount, and quick processing make personal loans an excellent option. However, there is a flip side. The fees and interest on personal loans are higher than all other loan types because lenders must take on the additional risks of lending without security. Moreover, it would be best if you had an excellent credit score to get personal loans; the amount allowed depends on the score. Dehradun is developing rapidly, and several banks or non-banking financial institutions (NBFCs) now offer personal loans in the state. The factors affecting these loans are: Monthly interest rate: 9.30% to 36% Processing fees: 0%-6% Loan tenure: 1 year to 7 years Pre-closure charges: 2%-5% Guarantor requirement: none When is a personal loan necessary? As we discussed, you can take a personal loan in Dehradun online within minutes and use it to finance any significant expense without putting up any security. These loans are helpful for a variety of purposes, such as: Wedding Travel Pension Home Renovation Education Taking a personal loan if it meets your needs is beneficial. Still, it would help if you took care to meet the eligibility criteria first. You must also ensure you can pay the interest and equated monthly instalments on time. It is critical because failing to make timely payments will lead to a low credit score and poor financial health. Sounds confusing? Check out the eligibility criteria to help you quickly decide and prepare for personal loans. Eligibility Criteria For A Personal Loan In Dehradun Lending institutions apply various criteria to decide your eligibility for a loan and how much to offer. You may also use the online loan eligibility and EMI calculators of the respective banks. It will help you judge the probability of acceptance whenever you apply for a personal loan in Dehradun. Here are some standard criteria considered by most institutions for lending specific amounts: Applicants must have an age within a defined range. Applicants must receive a minimum defined monthly income. The income must be credited to the applicant’s bank account directly. The applicant must work for a multinational corporation (MNC), a private or public limited company, or be self-employed with a stable income. The applicant must have a minimum defined CIBIL score. Here, the CIBIL score represents your creditworthiness. A central body characterises it as the Credit Information Bureau (India) Limited and varies between 300 and 900. Criteria set by the lender. While other factors may vary, all lenders consider the CIBIL score a fundamental criterion. You can find it easily on the CIBIL site. If it is currently low, you may have to improve it first. It may require measures such as: Clearing debts Correcting record errors Improving income Avoiding multiple large loans at the same time Making timely credit payments Online Application Process For A Personal Loan In Dehradun Ready to get your first personal loan in Dehradun? Before applying, you must make sure you meet the above eligibility criteria. Moreover, you must arrange the required documents, which are: Income proof Employment records Identity proof Residence proof Bank statements After meeting these requirements, follow these simple application steps to get a personal loan in Dehradun: Visit the website of the lender (a bank or NBFC). Choose personal loans under the loan section. Click on the “apply” option. Fill your details into the personal loan application form and submit it. Send the bank the KYC documents—documents that prove your identity and documents that show how much money you make. If the bank or NBFC finds you eligible after checking your documents, it will disburse the loan amount to your bank account. Frequently Asked Questions About Personal Loans It is critical to clear all doubts before borrowing money, or you may find yourself in a financial bind! So, we have put together a list of some frequently asked questions about personal loans in Dehradun: 1. How much of a personal loan can I get? The amount you can borrow depends on your income, age, employment type, liabilities, and credit history. Generally, the upper limit for personal loans is Rs. 15 lakhs, repayable up to 15 years. The lower limit is usually around Rs. 30,000. 2. What is the difference between fixed and floating interest rates? The monthly payments are determined by the interest rate. However, EMIs will progressively decrease if you go for a floating interest rate. 3. How long does it take to receive loan approval? Loan approval time varies from 2 days to 2 weeks, depending on the bank’s systems, application details, and other conditions. After approval, the bank will disburse the loan within seven working days. 4. How can I use my loan? You can use your personal loan in Dehradun for any of these activities: Wedding Travel Pension Home Renovation Education 5. Which are the best banks or NBFCs for a personal loan in Dehradun? Many leading banks and non-banking financial companies offer personal loans in Dehradun. One of the most trusted and established loan providers is Piramal Finance. 6. What happens if I default on my scheduled personal loan EMIs? If you don’t pay your scheduled EMIs, the lender will use settlements and recovery agents to try to get the money back. If these measures fail, the default will show on your credit report, negatively affecting your CIBIL score. In addition, this will make it difficult for you to get future loan or credit card approvals. [B-02] Summing Up Personal loans are an effective solution to meet significant expenses without security or enough current funds. This guide has covered all aspects of personal loans in Dehradun to help you get started. However, before applying online, you must check that the website is authentic and your device is free of malicious software. Also, remember to read the lender’s terms carefully any time you plan to apply. If you still have doubts or find it tricky to get loans, don’t worry. You can always rely on the expertise of an established financial institution like Piramal to get a personal loan in Dehradun at competitive rates and on the most reasonable terms.
08-11-2023
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Personal Loan

A Comprehensive Guide For Getting Personal Loan in Dhanbad-Bank More – Check Eligibility & Apply Online

Personal loans are products that lenders such as banks and non-banking financial companies (NBFCs) offer to individuals who want funds to cover their personal expenses. Most people who take out a personal loan require additional funds but do not wish to spend all of their savings at once. Personal loans can be used to pay for things like college, a wedding, home improvements, vacations, and more. They can also be used to get cash quickly. A simple online application makes it easy to get a loan, and EMIs make it easy to pay it back over time. Like with other types of loans, borrowers are legally liable to pay back the principal loan amount with interest to the lender within the chosen loan tenure. But lenders change the terms, conditions, and loan factors based on what people in different Indian cities want. In this way, they can better cater to the needs of the residents of a particular city or locality. The same is true with a personal loan in Dhanbad- Bank More. [B-01] More about Personal Loan in Dhanbad-Bank More Bank More is a famous locality in the city of Dhanbad, and people consider it the city’s heart. The area is a central financial hub, and almost all of the major banks and non-banking financial companies (NBFCs) do business there to serve the financial needs of the people of Dhanbad. For residents of Dhanbad who want a personal loan, there is a high possibility that they will look towards Bank More as an ideal place to go. But since most lenders now only accept online applications for personal loans, it’s important to know how to apply for one and what the benefits are. Features and Benefits of a Personal Loan in Dhanbad- Bank More If you are a resident of Dhanbad, you must have heard about Bank More, where people go if they want to take a personal loan. However, you can apply online for a personal loan in Dhanbad-Bank More by visiting your preferred lender’s website. Lenders have specifically designed an individual loan product for the residents of Dhanbad. Here are the features and benefits of a personal loan in Dhanbad-Bank More: Immediate Capital: A personal loan in Dhanbad-Bank More allows you to raise quick money by following a simple and user-friendly application process. Quality lenders approve the personal loan applications of borrowers within minutes of submission. Additionally, borrowers get the loan amount credited into their bank account in under 30 minutes. Flexible EMIs: A personal loan in Dhanbad-Bank More offers an effective repayment tenure that starts at 12 months and goes on to 60 months. Quality lenders are providing personal loans in Dhanbad-Bank More design their products so that the borrower can repay them through flexible EMIs. These flexible EMIs make sure that the borrower can pay back the loan without having to worry about money. No End-Use Restrictions: One of the best features of a personal loan in Dhanbad-Bank More is that you can use it without restrictions. It means that residents of Dhanbad can spend the loan on any personal legal expenses without being answerable to the lender for where they used the money. Pocket-Friendly Cost System: A personal loan in Dhanbad-Bank More offers a loan amount from Rs 1 lakh to Rs 10 lakh. Lenders charge nominal interest rates to avoid burdening borrowers. Also, these lenders offer personal loans in Dhanbad-Bank More with no fees for prepayment or default. Personal Loan in Dhanbad- Bank More: Eligibility Criteria Quality lenders do not require submitting an asset as collateral while offering a personal loan in Dhanbad-Bank More. But the risk for lenders is high because they don’t have anything to sell to pay back their principal if the borrower doesn’t pay back the loan. Hence, lenders take the utmost precaution by lending the principal amount to those borrowers who fulfil the set eligibility criteria for the personal loan in Dhanbad-Bank More. Eligibility Criteria For Personal loan in Dhanbad-Bank More Entities: Salaried individuals working under the following can apply: Government Institution Private Sector Public Sector MNCs or related companies Partnership Firms Proprietorship concern Age: The borrower must be between the ages of 21 and 60. Income: The borrower must earn a minimum of Rs 25,000 per month. Work experience: The person who wants to borrow money must have worked for the current company for at least six months. Documents Required for Personal Loan in Dhanbad- Bank More The application process for a personal loan in Dhanbad-Bank More requires completing KYC. In addition, the borrowers have to upload and submit some personal documents to get the loan application approved. Here are the documents necessary to get a personal loan in Dhanbad-Bank More: The PAN Card is compulsory. Identity Proof (any of the following): Passport Driver’s Licence Aadhaar Voter Identity Card Address Proof (any one of the following): Registered Leave and Lease Agreement Passport Driving Licence Aadhaar Card/Aadhar Acknowledgement Voter’s Identity Card Utility bills like telephone bills, electricity bills, etc. (not more than three months old) Income Proof (all of the following): Latest month’s salary slips Bank statements from the previous three months How to Apply For a Personal Loan In Dhanbad-Bank More Although you can visit the lender’s office in Bank More to apply for the personal loan, it is wise to apply online as the process is simple and time-effective. Here is the process to apply for a personal loan in Dhanbad-Bank More online: Step 1: Open the lender’s website and navigate to the “Personal Loan” page. Step 2: Click the “Apply Online” button and enter your phone number. Step 3: Enter the OTP received on the phone number to open the application form. Step 4: Enter all the required personal and professional details. Step 5: Upload all the required documents and click “Submit.” [B-02] Conclusion If you have personal expenses, it is never a good idea to spend your hard-earned savings all at once. Therefore, a personal loan in Dhanbad-Bank More is ideal for raising immediate capital if you reside in Dhanbad. However, as numerous financial entities are offering personal loans in Dhanbad-Bank More, it is vital to understand their process before choosing the ideal product. If you have any queries or want a personal loan, head to Piramal Finance, where we take care of your individual expenditure needs.
08-11-2023
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Personal Loan

Personal Loan in Chennai- Tambaram- Check Eligibility and Apply Online

A personal loan is a type of unsecured consumer debt, which means that there is no asset or property that the lender can repossess if you don’t repay your loan. A personal loan can be used for any purpose, including paying off credit card debt, consolidating other debts, purchasing a car, or making home improvements. One advantage of getting a personal loan is that it offers more flexibility than other types of loans. For example, while an individual may need to save money for months before being eligible for a mortgage, they can qualify for a personal loan with little savings. However, in some cases, lenders change or update the requirements for a personal loan to make it more convenient for residents of a specific city or neighbourhood. This is done because lending rates are heavily influenced by the local economy, with some areas having higher rates than others. [B-01] Personal Loan in Chennai-Tambaram Many banking facilities offer personal loans in Chennai-Tambaram to help people with their personal needs. Lending options are available for all sorts of people, such as students, retirees, self-employed workers, and employees. It is easy to find the perfect lending option for your needs by browsing through banks or credit unions near you. If you have bad credit, you may need to bring extra paperwork to some lending institutions. Make sure to ask about this before you apply. Features and Benefits of a Personal Loan in Chennai-Tambaram Specifically for the residents of Chennai-Tambaram, lenders have designed a personal loan product that is tailored to suit their needs. Personal loans from banks or other financial institutions allow people to fund any project or purchase as long as they meet the lender’s eligibility criteria. All you need to do is complete our online application form, and you will be able to assess your eligibility for these loans within minutes. Here are some advantages to taking out a personal loan in Chennai-Tambaram: Improves credit score– A personal loan is an unsecured loan that allows you to borrow money from a lending institution. A personal loan in Chennai-Tambaram can be used for different purposes, but it is most commonly used as a credit card replacement. If you have been turned down for other forms of credit or are looking for a new way to improve your credit rating, this might be the answer. Convenient repayment options– One of the benefits of a personal loan is that you have many repayment options to choose from. You may choose to repay your loan in fixed monthly instalments over a set amount of time, or you may opt for an interest-free payment plan where you pay back only the interest charged. Instant approval– A personal loan is a quick, flexible, and affordable way to meet your short-term cash needs. You can use your personal loan in Chennai-Tambaram for anything from paying off credit card debt to starting a new business or buying a car or house. With instant approval, getting the money you need has never been easier. Online application process– Getting approved for a personal loan in Chennai-Tambaram can be quick and easy when you apply online with the right lender. All that’s needed is a few simple pieces of information to get started, so make sure to have them handy before applying. Eligibility Criteria for a Personal Loan in Chennai-Tambaram Eligibility criteria for a personal loan are necessary to ensure that the borrower can repay the loan. The lender will look at your income, credit score, debt-to-income ratio, and other factors to assess your eligibility for a personal loan in Chennai-Tambaram. Entities: Salaried individuals working under the following can apply: Government Institution Private Sector Public Sector MNCs or related companies Partnership Firms Proprietorship concern Age: The borrower must be between the ages of 21 and 60. Income: The borrower must earn a minimum of Rs 25,000 per month. Work experience: The person who wants to borrow money must have worked for the current company for at least six months. Documents Required for a Personal Loan in Chennai-Tambaram The documents required for a personal loan in Chennai-Tambaram will differ depending on the bank. Among the most common requirements are the following: Identity Proof (Passport, voter ID card, Aadhaar card, driving licence) Address Proof (Registered Leave and Lease Agreement, Latest Electricity Bill, Driving License, Passport, Voter ID Card, Aadhaar Card) Income Verification (Latest Income Tax Return, Latest Salary Slip, and Bank Statement for the Last 3 Months) Filling out an online application form is usually all that is required to apply for a personal loan in Chennai-Tambaram. Before making a final decision on your application, you may be asked to provide additional information, such as your credit score, in some cases. However, most banks do not follow such procedures. Steps to Fill Out a Personal Loan Application in Chennai- Tambaram Banks have made it easier to apply for a personal loan in Chennai-Tambaram from the comfort of your own home. STEP 1- Navigate to your lender’s website and select “Personal Loans.” STEP 2- Fill out the form on their website with basic information like your name, email address, and date of birth, as well as income details like your current employer and monthly earnings. STEP 3- After entering this information, the bank will estimate how much money they will lend you based on your financial situation. STEP 4- Before agreeing to anything, go over the terms and conditions of your contract with the lender. Keep an eye out for any fees or penalties. STEP 5- If you agree to the terms and conditions, click “I agree” at the bottom of the screen and complete any required paperwork electronically. [B-02] Conclusion Personal loans are a great way to get the financial help you need for things like consolidating your debts, home improvements, education expenses, vacations, furniture, and more. If you’re looking for a personal loan in Chennai-Tambaram, you should compare rates from banks and credit unions before applying. With so many options available, it takes some time to make sure you choose the best one for your needs. For more information, head over to Piramal Finance.
08-11-2023
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Personal Loan

Personal Loan in Durgapur: Check Eligibility and Apply Online

We’re sure everyone has, at some point, received a call about a personal loan. Personal loans offer a lot of benefits. They can be a good option for those looking to gain funds in a short amount of time. This amount can be repaid in instalments. Let us take a look at the eligibility criteria and online applications for a personal loan in Durgapur. [B-01] What is a personal loan? A personal loan is a loan that needs the least documentation. It is a quick process. Also, it does not state the need for security. Security is an asset that you pledge to the financial institution that is giving you the personal loan. Personal loans help a person meet any financial needs that they may have. An individual can then agree to the bank’s terms and conditions. They may also give you a certain amount of time to pay back the personal loan. This period can range from a few months to a few years. What is a personal loan used for? A personal loan can be used to meet any personal financial needs. Personal loans are used in the following ways by people: Fund a vacation or a holiday. Buy a product. Get medical treatment. Renovate or construct their homes. Have a wedding. Finance their own or their child’s education. Pay back debt. Finance a vehicle. How can one get a personal loan? Like any other loan! The process for getting a personal loan in Durgapur is as follows: Step 1: Get in touch with a Piramal Finance expert. Step 2: Apply for a personal loan in Durgapur online. Step 3: Submit the required documents. That’s it! That’s all one needs to do. The banks will check the submitted documents and creditworthiness. Then they will make the individual a loan offer. You can accept the offer if you agree to the terms set by the bank. One can use the transferred amount in any way they wish once they receive the funds. The bank will also set equated monthly instalments, or EMI, depending on the amount, tenure, and interest rate of the loan. How long does it take to get a personal loan? A personal loan does not take very long to process. Most banks or financial institutes, such as Piramal Finance, make the process super easy and quick for their clients. What are the benefits of getting a personal loan in Durgapur? Getting a personal loan is a good alternative for anyone who needs some financing without having to borrow it from their family or friends. There are many benefits to getting a personal loan in Durgapur or elsewhere: Quick and easy loan Applying for personal loans has the major benefit of being a quick and easy process as opposed to other types of loans. It requires less documentation and is hence a hassle-free way of getting a loan. Zero prepayment and foreclosure charges Unlike other loans, applying for a personal loan will ensure zero prepayment and foreclosure charges. Foreclosure charges are those that an individual may be required to pay if they wish to close the loan before the loan tenure. It is a kind of payment penalty. Efficient monthly instalments According to the loan tenure and interest rates, the receiver can pay EMIs. Flexible repayment tenure Piramal Finance offers a flexible tenure of repayment, starting from 12 months up to 60 months. Income clubbing Personal loan funds can be used to pool income to receive a larger loan amount in the future. Instant disbursal Funds are quickly transferred as soon as the receiver agrees to the terms and conditions of the personal loan. What are the eligibility criteria for getting a personal loan in Durgapur? Salaried individuals who work in the following sectors or areas can apply for a personal loan in Durgapur: Government Institution. Private sector. Public sector. MNCs or related companies. Partnership firms. Proprietorship concern. 2. The age at which an individual may apply for a personal loan in Durgapur ranges from 21 to 60 years. 3. The salaried individual must earn a minimum of Rs. 25,000 per month to be eligible for a personal loan in Durgapur. 4. The salaried individual must complete at least 6 months in the current organisation to be eligible for a personal loan in Durgapur. What are the documents required when applying online for a personal loan in Durgapur? The following documents are required for one to apply for a personal loan in Durgapur: PAN Card Identity Proof (any one of the following): Passport. Driving License. Aadhaar. Voter’s identity card. Address Proof (any one of the following): Registered Leave and Lease Agreement. Passport. Driving License. Aadhaar Card/Aadhaar Acknowledgement. Voter’s identity card. Utility bills such as phone bills, electricity bills, and so on (no more than 3 months old). Income Proof Latest salary slips. Bank statements from the previous 3 months. Co-applicant If income pooling is required for higher loan eligibility, a co-applicant is required. Only the spouse can become a co-applicant. At the time of the loan application, all of the above documents for the co-applicant will also be needed. What are the interest rates and charges for a personal loan? Interest rates begin at 12.99%* per year. Zero prepayment and foreclosure charges. Extra charges, if applicable, will be mentioned during the application process. For detailed fees, click here. How can one apply online for a personal loan? To apply for a personal loan in Durgapur online, one can click here and fill out a small form to receive a call from a professional. The professional will then guide the individual through the process of applying for a personal loan in Durgapur. [B-02] In conclusion With Piramal Finance and its expert guidance, it can be easy for just about anyone to apply for a personal loan in Durgapur. The process is quick, easy, and hassle-free. It ensures that the customer’s experience with personal loans is smooth.
08-11-2023
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Personal Loan

Personal Loan in Bathinda – Check Eligibility & Apply Online

Bathinda is an area in the Malwa region of Punjab in northwest India. This city is among India’s oldest. Bathinda is called the “City of Lakes” and was once known as “Taber-e-Hind,” meaning “Gateway to India.” To qualify for a personal loan in Bathinda, you must have a steady and high source of income and a good credit history. Also, there is no time limit on using the single credit balance. You may use this credit sum anywhere you like. [B-01] What Exactly Is A Personal Loan? A personal loan is one that a person may be eligible for based on their credit record and salary. It may be given for nearly any reason. Personal loans are often called “signature loans” or “unsecured loans” because you don’t usually have to put anything up as collateral to get one. Personal loans in Bathinda are often granted by lenders based on their reputation. When compared to house, vehicle, or other forms of loans, personal loans are quite simple to obtain. As a result, they may be used for anything from minor home upgrades to large purchases. How to Avoid Refusal of a Personal Loan in Bathinda Get a CIBIL score of at least 750. Factual errors in the credit report may have a bad effect on the credit score. Such errors reduce the odds of loan acceptance. Before closing any loan deal, check the loan rates offered by banks and NBFCs. Apply for a loan from a lender that has the best approval rates. Avoid filing many loan forms in a short period of time. Documents Needed for a Personal Loan in Bathinda 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 pertaining to 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 Bathinda: Standard for Eligibility People with jobs and people who work for themselves have different requirements to get a personal loan in Bathinda. 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. Personal Loan in Bathinda: Prepayment Fees Banks and NBFCs charge a fee for filing the loan form. These fees vary between 1% and 2% of the allowed credit limit. If you want to pay off the debt before the advance period, each lending firm charges you a fixed prepayment cost. Often, a person cannot shut down their credit before one year. After that, the costs vary based on the active credit duration. These fees fall from 4% of the credit total in the 2nd year of the loan to 2% in the 4th year. A personal loan in Bathinda needs a good CIBIL score. Each lending firm has rules for the lowest CIBIL score needed to approve a loan in Bathinda. To complete the credit form, most firms demand a minimum score of 750. The banks assess the overall score and the specific pattern of prior advances made. Factors Affecting Getting A Personal Loan in Bathinda History of credit and repayment Before granting a loan, lenders and NBFCs always assess a lender’s credit history. If your payback history shows that you have not been excellent at repaying debt, banks may deny the loan request or charge you a high interest rate. A high credit score boosts the chances of credit approval. Negotiating skills Salary, credit record, and a solid banking relationship all boost the chances of negotiating good terms and conditions. If you bargain skillfully, special offers may be added to your bundle. Income Your salary greatly alters your ability to get a bank loan. The better the pay, the more likely you are to get a loan with a low interest rate. [B-02] Wrapping Up A loan is a significant sum of money taken from a bank that a person may use for nearly any purpose. The credit record and income are often used to assess eligibility. In most contexts, such loans do not need security. Personal loans are often made with set interest rates, short payback terms, and upfront costs. A personal loan in Bathinda is available via banks, internet lenders, credit unions, and niche lenders. Some banks ban the use of personal loans for higher education costs. 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

Personal Loan in Aurangabad – Station Road – Check Eligibility & Apply Online

Aurangabad is often known as the “City of Gates.” It is Maharashtra’s fifth-largest city and a major commercial centre. It is a key producer of high-quality cotton textiles and lovely silk fabrics, mainly shawls. On its outskirts, the city is also known for its historical treasures, which include the UNESCO World Heritage Sites of Ajanta and Ellora caves. Aurangabad is also one of the fastest-growing cities in India. The city is home to many well-known firms. Personal loans and other types of loans are in high demand in this city. To meet the high credit demand, many banks and NBFCs give special personal loans in Aurangabad- Station Road. [B-01] How to Get a Personal Loan in Aurangabad – Station Road Today, it’s hard to live a simple life in any city, whether one lives alone or with their family. The same is the case with Aurangabad. Getting a personal loan can help with things like paying off medical bills, buying a house, flat, or piece of land, paying for a wedding, etc. But to get a personal loan, one’s credit history has to look good to the lender. The person also needs to have enough income to approve his loan request. Aurangabad is becoming a growing city for new firms, business hubs, and job opportunities. So, a student or firm owner needs a good amount of money to maintain a decent lifestyle. One can easily apply for a personal loan in Aurangabad – Station Road online. Documents Needed for a Personal Loan in Aurangabad – Station Road 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 pertaining to 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 Aurangabad – Station Road – 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. Personal Loan in Aurangabad – Station Road – Prepayment Fees Banks and NBFCs charge a fee for filing the loan form. These fees vary between 1% and 2% of the allowed credit limit. If you want to pay off the debt before the advance period, each lending firm charges you a fixed prepayment cost. Often, a person cannot shut down their credit before one year. After that, the costs vary based on the active credit duration. These fees fall from 4% of the credit total in the 2nd year of the loan to 2% in the 4th year. Personal Loan in Aurangabad – Station Road – Needs a Good CIBIL Score Each lending firm has rules for the lowest CIBIL score needed to approve a loan in Bathinda. To complete the credit form, most firms demand a minimum score of 750. The banks assess the overall score and the specific pattern of prior advances made. Why Apply for a Personal Loan in Aurangabad – Station Road? There is no need for a mortgage or a security deposit. The amount of a personal loan depends on the person’s salary and ability to pay it back. A personal loan can be used for many different things. There is no need for a guarantor or nominee. Interest Rates for a Personal Loan in Aurangabad – Station Road Personal loans in Aurangabad – Station Road have attractive interest rates that start at 11.99%. There will be a small processing fee of between 0% and 6% of the loan amount. How to Get a Personal Loan in Aurangabad- Station Road? The steps to get a personal loan in Aurangabad – Station Road are given below: If you are new to an online personal loan in Aurangabad-Station Road form, you must download the loan app on your smartphone. Sign up and log in by providing your mobile phone number or email address as proof. Verify the OTP. Enter the Aadhaar card number connected to the mobile number, PAN card, or driving licence into the form. Scan the photo for ID proof. Fill in any further details, such as the firm’s address and work experience. Upload all required documents. The paperwork will be checked promptly, and the personal loan will be granted. The amount will be credited to the person’s bank account if the form is accepted. [B-02] Conclusion A loan is a large amount of money you get from a bank. It can be used for almost any purpose. Credit history and income are often used to figure out who is eligible. Most of the time, these loans don’t need security. Personal loans often have fixed interest rates, short terms for paying them back, and costs upfront. One can get a personal loan in Aurangabad – Station Road from banks, online lenders, credit unions, and other types of lenders. For more related details, visit Piramal Finance and take a look at their products and services.
08-11-2023
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Personal Loan

Calculate Daily Interest On Flexi Personal Loan

A financial crisis may not be predicted in time. You may have an urgent need for cash but may not have cash in hand. In such a case, your first response may be to turn to a Flexi personal loan that you will have to repay later with a personal loan interest. Flexi personal loans are a type of instant personal loan. Just like other personal loans, there is no restriction on the purpose of loan amount usage. The lenders have a pre-approved limit for these loans and the personal loan interest rates are also flexible and moderate. But, you must be thinking about how a Flexi personal loan works. Well, it will offer you an overdraft facility. With this, you can withdraw the required amount that has to be within the credit sanctioned to you. A personal loan may be a nice option for you if you are someone who wants to improve your spending habits. With Flexi loans, you will not be spending more than required as it is an overdraft facility. You can withdraw funds as many times as you want up till the total credit limit. Read this article to learn about how a Flexi personal loan is better than a normal personal loan. Furthermore, we will be discussing the Flexi loan calculator for interest. [B-01] Is A Flexi Personal Loan Better Than A Traditional Personal Loan? While you are the judge of what suits your needs better, here are certain points that will help you decide between the two: Flexi personal loans offer you flexible repayment terms. You may opt for interest-only repayments that are not available in the case of a conventional personal loan. This helps you save a portion of your monthly income that would have otherwise gone towards EMI payments. A personal loan tenure is fixed along with the interest rate and principal repayment. When you take a Flexi loan, you pay the personal loan interest only on the amount that you have used, not on the total amount that has been sanctioned. This makes payments more reasonable. You also have the option to make part interest payments when you have a surplus of funds. In the case of a traditional loan, you will get the amount sanctioned in one go. In Flexi personal loans, you enjoy an overdraft facility. This will help you in spending the amount that you need, not anything extra. Why Should You Get A Flexi Loan? Given below are the reasons why it would be wise for you to avail of a Flexi loan: You get quick access to the funds. Hence, it is very useful during an emergency. There may not be much documentation required to sanction a loan. You have to pay interest every month; however, the principal amount can be paid whenever you have surplus funds. Concept Of A Flexi Loan Calculator A Flexi loan EMI calculator is a tool that helps you calculate the interest amount due on your Flexi loan. Flexi personal loan interest is only charged on the amount that you use, and you can repay the principal amount any time as long as it is during the loan tenure. For example, the total Flexi loan amount is Rs. 8 lakh but you have used only Rs. 3 lakh. So, the interest will be payable on Rs. 3 lakh only. In the case of a personal loan, you will not get any such advantage. How Can You Calculate Your Daily Flexi Personal Loan Interest? It is very simple to determine your Flexi personal loan interest using an online calculator. You will only be needed to enter certain details about your loan and the calculator will give you the interest payable. Let’s understand the Flexi loan EMI calculator better. You will need to put in the following information in the online calculator: The total loan amount that you can borrow up to. The total loan amount you have used up to the respective calculation date. The Flexi personal loan interest rate applies to your loan. You may be required to enter a date up to which you want the interest to be calculated. Steps To Use A Flexi Loan Calculator To calculate the daily interest amount on your Flexi loan through a Flexi loan calculator, you have to follow these steps: Step 1: Open the Flexi loan EMI calculator that you will be using. Step 2: Enter the total loan amount sanctioned. Step 3: Enter the loan amount used up to the date asked by the calculator. Step 4: Enter the interest rate applicable. Step 5: You will get a table displaying the daily interest amount between the two dates you have entered. If you have made any withdrawals in between, you can enter those in the calculator as well. The Flexi loan calculator will calculate the new interest amount, based on those withdrawals, and give you the daily as well as total interest. [B-02] Final Words A major benefit of Flexi personal loans that can be taken into account is that you do not have to provide any collateral security, thereby reducing the risk of losing your assets. Many lenders would also help you save on interest rates by charging a moderate interest rate. Additionally, these loans are available to both self-employed and salaried individuals but the eligibility criteria may differ. The eligibility criteria would vary from one lender to another. Furthermore, with the need for minimal documentation, you would only have to submit the main documents like your identity proof (Aadhaar card, Voter ID card or Passport), address proof (utility bills or other documents) and income proof (salary slips or bank statements). Now, if you are willing to avail a Flexi personal loan, visit Piramal Finance and apply for one today!
08-11-2023
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Personal Loan

Personal Loans For Chartered Accountants: A Comprehensive Guide

Every individual, whether a salaried employee or self-employed, needs capital to cover numerous personal expenses. However, they may sometimes fall short owing to limited liquidity or if they want to avoid shelling out a big chunk of their savings in one go. Professionals such as chartered accountants look to get personal loans in such cases. However, it is important to know everything about a personal loan for CA and the application process before doing so. [B-01] What are personal loans? Personal loans are loan products offered by lenders such as banks and NBFCs to individuals who want to raise funds to cover their expenses. These expenses may include numerous items such as buying a car, home renovation, marriage, higher education, vacation, etc. Lenders offer individuals personal loans to ensure they can raise immediate capital without going through a time-consuming application process. Like other types of loans, lenders offer personal loans at an interest rate that they decide based on the loan amount and the loan tenure chosen by the borrower. Once you get a personal loan, you are legally bound to repay the principal amount and interest to the lender within the personal loan tenure. Personal Loans for CAs (Chartered Accountants): Features and Benefits Lenders have realised that the capital needs of various professionals, such as chartered accountants, may differ based on their salary structure, the number of dependents, the volume of expenses, etc. Hence, keeping in mind the dynamic factors, quality lenders have designed personal loan products targeted toward the needs of CAs. A personal loan for CA is such a loan product that allows chartered accountants to raise immediate capital based on their professional profile. When CAs get a personal loan, the loan product comes with the following features and benefits: Features and Benefits of Personal Loans for CAs Immediate Capital: A personal loan for CA allows chartered accountants to raise immediate capital by following a time-effective application process. When CAs get a personal loan from a quality lender, they approve the personal loan application within minutes of submission. Furthermore, borrowers get the loan amount credited into their bank account in under 30 minutes. Flexible EMIs: Personal loans for CAs offer an effective repayment tenure that starts at 12 months and goes up to 60 months. Quality lenders offering personal loans for CAs ensure that the borrower can repay the personal loans through flexible EMIs stretched throughout the loan tenure. Such flexible EMIs ensure that the borrowers can repay the loan effectively without experiencing any financial burden. No End-Use Restrictions: One of the best features of a personal loan for CA is its ability to offer the loan amount without any restrictions on the end use. When chartered accountants get a personal loan, they can spend it on any personal legal expenses without being answerable to the lender and showcasing the expenses incurred. Pocket-Friendly Cost System: Personal loans for CAs offer loan amounts starting from Rs 1 lakh to Rs 10 lakh, where quality lenders charge nominal interest rates to mitigate the overall repayment burden. Furthermore, such lenders offer personal loans for CAs with zero prepayment and foreclosure charges. With an attractive cost structure, personal loan for CAs offer a pocket-friendly loan product within a certain budget. Personal Loan for CA: Eligibility Criteria When CAs get a personal loan, lenders do not ask for a valuable asset; they must pledge it as collateral. However, in the absence of collateral, the risk for the lenders becomes high, as they have no assets to get back their loaned amount in case the borrowers default on the personal loan repayment. Hence, to mitigate such an event, lenders have created the following eligibility criteria for chartered accountants to decide whether to approve or reject their loan application. Here is the eligibility criterion to get a personal loan as a Chartered Accountant: Age: The chartered accountant must be between the ages of 21 and 60. Income: The chartered accountant must earn a minimum of Rs 25,000 monthly. Work experience: The chartered accountant must have existing practice for at least two years. Personal Loan For CA: Documents Required When chartered accountants get a personal loan, they usually apply online. However, the personal loan for CA application process requires the completion of KYC, where the borrowers have to upload and submit some personal documents to get the personal loan application approved. Here are the documents required to get a personal loan for CA: PAN Card (compulsory) Identity proof ( any of the following) Passport Driving Licence Aadhaar Voter Identity Card Address Proof (any one of the following) Registered Leave and Lease Agreement Passport Driving Licence Aadhaar Card/Aadhar Acknowledgement Voter’s Identity Card Utility bills like telephone bills, electricity bills, etc. (not more than three months old) Income Proof (all of the following) Latest 1 month’s salary slips Bank statements from the previous three months How to Get a Personal Loan for CA Online: The Process Although some lenders offer a personal loan for CA offline, where the borrowers have to visit the lender’s office with all the documentation, chartered accountants prefer to get a personal loan through the online process. It is because the online personal loan process is simple, straightforward, and saves time. Here is the process to apply for a personal loan for CA online: Step 1: Open the lender’s website and navigate to the “Personal Loan” page. Step 2: Click on the “Apply Online” button and enter your phone number. Step 3: Enter the OTP received on the phone number to open the application form. Step 4: Enter all the required personal and professional details. Step 5: Upload all the required documents and click on “Submit.” [B-02] Conclusion Personal loans have become an ideal avenue for chartered accountants and other professionals to ensure they raise immediate and adequate capital with flexible repayment terms and attractive interest rates. However, as numerous banks and NBFCs offer personal loans for CAs and have different loan factors, such as the loan amount, interest rates, and loan duration, it is vital to understand everything about the loan process. If you have any future queries, you can head over to Piramal Finance to cater to your personal expenditure needs.
08-11-2023
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