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Personal Loan

Personal Loan In Malegaon: Check Eligibility And Apply Online

Worried about buying a new house but unable to manage the funds for it? Thinking of sending your child abroad for higher studies? Want to apply for a personal loan in Malegaon but don’t know your eligibility? Fret not, we have your back! This article focuses on the method of applying for a personal loan in Malegaon. You will learn about personal loans, their benefits, how to apply, and the eligibility criteria. [B-01] What does a personal loan mean? A personal loan is financial support from a lender to meet your personal needs; in return, the lender charges you an interest rate. It is an unsecured loan that does not ask for collateral or a security fund. You can get this loan and pay it back in instalments for any legal personal expenses. Personal loans are of great significance to those looking for large sums of money at a time. When looking for a personal loan, banks and the private sector are the best places to go. Malegaon as a location for a personal loan Malegaon is not only one of Nashik’s largest cities but also the hub of many economic activities. Besides being a popular tourist destination, it is known for its textile industries and power looms. It has recently made significant progress in the textile field. With so much happening, getting a personal loan in Malegaon could be difficult. However, with the correct approach, you can crack it and get a comfortable loan that suits your requirements. What are the benefits of a personal loan in Malegaon? There are many benefits to getting a personal loan in Malegaon, such as: High finance Banks provide between INR 30 lakh and INR 40 lakh for a personal loan in Malegaon. The limits go higher depending on the banks you choose to apply to. Flexible tenure You don’t have to pay off the debt in huge instalments; in most cases, banks ask you to repay it within 5 years. This doesn’t put you under a financial strain, and you can slowly repay the borrowed sum. Quick approval These types of loans are approved very quickly, usually within two days. So, unlike other types of loans, you don’t have to wait approximately two weeks to get your loan. Minimum documentation When applying for a personal loan in Malegaon, you need basic legal documents like ID proof and address proof, etc. No collateral or security fund You don’t require collateral or security funds when applying for a personal loan. So, now you don’t have to mortgage your property to get your loan sanctioned. Payable Banks don’t charge you a high rate of interest; rather, they cut it down to small, payable instalments so that you can repay according to your convenience. Eligibility to apply for a personal loan in Malegaon The eligibility criteria are fairly simple and state a few necessities: Age limit You should be at least 21 years old to apply for a personal loan in Malegaon. The maximum age limit is 65 years, which is highly variable and depends on the bank. Some banks allow up to 67 years, while others don’t allow above 60 years. Employment To be able to apply for a personal loan in Malegaon, you must either have a job with a company or be your own boss. There are no other categories that banks allow for a personal loan. Income If you are a salaried individual, your minimum income should be approximately INR 25,000 a month. If you are a business owner, your yearly income should be around INR 5 lakh per annum. This is also variable and differs from bank to bank. Even though some banks ask business owners for more, this could be thought of as the average. Work experience For a salaried individual, the minimum work experience must be around one to two years. For self-employed individuals, the minimum work experience is between two and three years, which sometimes varies. Credit score A good credit score is a great push to help you get a personal loan in Malegaon. You will easily be sanctioned if your credit score is 750 or more. You can know your credit score online for free. Documents required to apply for a personal loan in Malegaon To apply for a personal loan in Malegaon, you need the following documents: Your ID proof, which includes your Aadhar card, voter ID card, birth certificate, etc. Your address proof, which includes your Aadhar card, domicile certificate (optional), voter ID card, etc. Your income proof, which includes your bank statements from the last year, recent IT returns, etc. Two recent passport-size photographs are also required to apply for a personal loan in Malegaon. Some banks might also ask for your birth certificate, signed copies of your application form, etc. [B-02] Conclusion While a personal loan is a means to kickstart your dreams and ambitions, you should know the loan prospects and conditions before applying for a personal loan in Malegaon. Make sure you know what you’re doing with the personal loan by talking to the bank managers, your advisors, etc. Do you like reading articles and blogs on topics like personal loans, finance, investments, etc.? Then you should definitely visit Piramal Finance and enjoy their highly engaging write-ups on such topics.

08-11-2023
Personal Loan

Personal Loan Foreclosure with Zero Charges : Everything That You Need to Know

Personal loans can be used quickly to pay for expensive items or to get out of a bad financial situation. This makes personal loans the most popular type of retail loan. Because the interest rates on unsecured loans are high, the majority of borrowers repay the debt as soon as they can with additional funds. Even though it is in your best interest to pay off personal loans as quickly as possible, most of the time, doing so results in extra fees or penalties. A personal loan can be paid off early through a process known as personal loan foreclosure. It entails making a single payment equal to the entire outstanding balance of the loan before the due date. Typically, a personal loan account has a lock-in period of one year, depending on your lender. After this period, you can pay off the remaining sum and close the account. [B-01] Types of Personal Loan Closure 1. Regular Closure: A personal loan is closed in a regular way when the borrower makes all the EMI payments on time, right up to the last one, and the lender gives them both a No Objection Certificate and a Loan Closure Certificate. So, the borrower makes the EMI payments throughout the chosen loan period. 2. Pre-Payment of a Personal Loan: A full or partial prepayment of personal loans is accepted. However, 0% to 5% of the loan balance can be charged as prepayment fees. Preclosing a Personal Loan: A personal loan is pre-closed when the borrower pays off all of their debt before the end of the loan’s term. Depending on the terms of the loan, a pre-closing can be done between six months and a year after the loan is first taken out. Before the deal is closed, the borrower must pay the final loan amount as well as any pre-closing fees. Personal Loan Partial Payment: Part-payment of a personal loan can be done to lower the EMI or to shorten the length of the loan. In your loan agreement, you will find the maximum amount that can be paid as part payment, as well as the terms and conditions for making part payment. 3. Personal Loan Foreclosure: Foreclosure is the term used for paying off a personal loan in full instead of making monthly payments. The foreclosure process can be initiated by either the lender or the customer. Most of the time, these are the legal steps that a lender takes to get back the lost sum on a loan that went into default. What are Personal Loan Foreclosure Charges? Foreclosure fees are charged a loan when the loan’s principal and interest are paid in full before the due date. Since banks make most of their money from charging interest, they have personal loan charges in place to make up for some of the interest they will lose if a loan is paid off before its full term. Piramal Finance offer "Zero" pre payment and foreclosure charges on personal loan. Instructions for a Personal Loan Foreclosure Borrowers must wait out the lock-in term before settling their personal loan account. If you are considering personal loan foreclosure, here are the steps to follow: Find the nearest branch: Personal loan foreclosures cannot be requested online. You must visit the bank or financial institution from which you borrowed money. File for foreclosure: Send a letter to the bank stating your intent to repay the debt. Your account number and other personal loan details are required for this. Submit documents: Submit the required documents to the bank. Wait for bank notification: Your bank or financer will review all submitted documents. Then, they will calculate how much you owe them based on EMIs and interest. Repay the loan: Pay back the loan balance with any charges levied by the lender. Internet transfer, cash, cheque, or demand-draft payment can be used to pay off a personal loan. Foreclosing the loan: After all payments and costs are paid, the bank will process personal loan foreclosure. The loan provider will return all original papers and stop sending EMI reminders and instructions. Communicate with rating agencies : Early loan repayment might boost your credit score. After taking all essential actions and paying off the debt, it is important to notify credit bureaus of the personal loan foreclosure. Benefits of a Personal Loan Foreclosure One of the best things about prepayment is that it can help you save money. Since most unsecured personal loans do not ask for collateral, they probably charge a higher interest rate. At first, most of your monthly payments for a personal loan go toward the interest, while the principal balance goes down very slowly over time. Because of this, paying off your loan early can save you a lot of money that you would have spent on interest. When you pay off your student loans early, you get out of debt. It will give you a confidence boost, give you back control of your money, and save your interest money. Disadvantages of Personal Loan Foreclosure Fees are a normal part of the foreclosure process, and all lenders charge them. This means you will have to pay more than just the principal balance for personal loan foreclosure. Foreclosing a personal loan can cost you more money if the principal is not very big. So, you should only foreclose your personal loan if it saves you enough money. There are some situations where paying off a debt early, along with other factors, could hurt your credit score. So, do thorough research on your lender’s terms and how they will affect your credit. [B-02] Conclusion If you need to get out of your debt, personal loan foreclosure or preclosure is a good idea. Find out the pros and cons before deciding. Particularly, personal loan charges should be taken into account. If you want to read more articles like this one and avail of smooth financial services.

08-11-2023
Personal Loan

Personal Loan in Lucknow - MMM Marg & Check Eligibility & Apply Online

Looking for a nice vacation in Europe but have no idea how to get there? Waiting for years to buy your dream car but still unable to manage the money for it? Know about the scope of a personal loan in Lucknow – MMM Marg but worry about how to get started? Well, no worries, because today, in this article, we will discuss everything about a personal loan in Lucknow. We will know about the financing conditions in Lucknow, the rate of interest that banks charge, the eligibility criteria, and the steps to apply for a personal loan. [B-01] Lucknow, as a location to apply for a personal loan: Lucknow, the heart and soul of Uttar Pradesh, generates a huge amount of wealth for the state. It has a huge urban agglomeration that marks important daily economic activities. The city of “Nawabs,” Lucknow, has incredible historical significance, but in recent years it has evolved into a hub of aerospace, commerce, and tourism. So, applying for an online personal loan in Lucknow might seem tedious, but don’t worry. All of these things will be covered in this article to help you understand the pros and cons, eligibility requirements, and how to fill out an application. Pros and Cons of a Personal Loan in Lucknow: While balancing it out, there are many pros to going for a personal loan in Lucknow as compared to the cons. Let us discuss the pros of a personal loan in Lucknow first. Flexible borrowing limits: Banks frequently offer flexible borrowing limits so that you can borrow according to your needs. Banks in Lucknow will allow you to borrow up to 40 lakh INR, which is a large sum. Low rate of interest: Personal loans in Lucknow, often charge you a very low-interest rate on loan so that you can easily pay the debt. Sometimes, the interest rates could be as low as 7 to 8%. Plenty of time to repay the debt: Once you take the lump-sum amount from the bank, you have to repay the debt over time. The equitable monthly instalments are quite small; don’t bother your pocket while paying for them. Builds up your credit score: This is good for your credit score, as it will add more numbers to it. If you consistently pay all your EMIs on time, you will easily build up a healthy credit score. In the future, it will be easier for you to get a personal loan in Lucknow with more additional benefits. Let us now discuss the cons of a personal loan in Lucknow: Unfavourable penalties: Sometimes, there can be unfavourable penalties that you are unaware of. If you fail to pay for the EMI any month, banks might penalise you. There are pre-penalties in a personal loan in Lucknow, where you get a penalty if you try to repay the loan before the scheduled time. Change in interest rates in between: While most of the time, interest rates remain rigid, sometimes, due to the crashing of the economy or an increase in indebtedness, banks might change their interest rates. This could be a major drawback for you, especially if you cannot manage the funds on time. Affecting your credit score: Again, if you fail to repay your debt on time, it will lower your credit score. As every loan system has pros and cons, you must be careful before applying for a loan in Lucknow. Talk to the bank about all these before you apply for it. Are you eligible to apply for a personal loan in Lucknow? To know your eligibility, here are some of the points you should ensure to go through: You must be 21–60 years old to apply for a personal loan in Lucknow. This is variable sometimes; some banks also allow up to 65 years of age. You should be a salaried jobholder, a working professional, or a business person to apply for a personal loan in Lucknow. Your monthly income must be at least 25 thousand rupees to claim a personal loan. If you own a business, you should make at least 15 lakh rupees per year. You should have a work experience in your current job Or venture for somewhere between two to four years. You should have a credit score of 750 or more if you want to apply for a personal loan in Lucknow. This is not mandatory in all cases, but a good credit score increases your chances of getting better options. How to apply for a personal loan in Lucknow online? Follow these steps to apply for a personal loan in Lucknow. Visit the application page of the desired bank. Give your 10-digit mobile number followed by an OTP, and make sure the number is linked to your bank account. You will then have to fill out your basic details, like your full name, address, PAN, pin code, date of birth, etc. Now, you have to choose the type of loan you want to apply for, the repayment period, and all other tailoring options. Then the last page pops up, where you have to submit all your documents, like your KYC documents, bank statements, IT returns, and passport-size photographs that were recently taken. [B-02] Summing-up Choose wisely whether a personal loan in Lucknow is the right choice for you or not. While paying off a big debt or hitting the road for a foreign vacation might sound worthy, it is also important to be aware of the other side of the coin. Make sure you read such blogs and articles to get an idea regarding this, and also take advice from people who have applied for a personal loan in Lucknow. Read the articles on Piramal Finance regarding personal loans to learn more about them. They have highly engaging blogs and articles that elaborate on these aspects.

08-11-2023
Personal Loan

Personal Loan In Ludhiana. Check Eligibility & Apply Online

Since the beginning of time and even now, Ludhiana has been at the centre of trade and Commerce. A personal loan is an unsecured loan that you may use for whatever reason. A personal loan in Ludhiana is available from banks and NBFCs with terms of up to 5 years and interest rates typically starting at 10.75% p.a. Although there are many banks and private lenders in this region, getting a personal loan in Ludhiana can be challenging. Apply online for a personal loan in Ludhiana that has different features to help you pay for expensive needs or bills. [B-01] Features of a Personal Loan in Ludhiana You can use a personal loan to meet your financial needs, whether you need quick cash for an unexpected wedding, unexpected medical expenses, or just cash to buy a new gadget. In Ludhiana, getting a personal loan is a simple and low-paper process. The customer benefits from the fact that the personal loan rate of interest is not significantly higher. If you are approved for a personal loan at some banks and credit unions, they might not ask you for collateral. A personal loan in Ludhiana comes with a lot of advantages and benefits, including: The freedom to select the loan term. Loans with terms of 12 to 60 months are available to applicants. The money is credited to the account three seconds after the application is approved. Customers can check the status of their applications and use online services at any time of day or night. The interest rate is extremely reasonable and stays the same for the duration of the loan. Zero prepayment and foreclosure fees. Minimum documentation is required. Quick approval and immediate payments. EMIs that are affordable each month Required Documents for Personal Loans in Ludhiana It is required to submit these set of documents for personal loan application PAN map Proof of identity: a voter ID card, a passport, a driver’s license, or an Aadhaar card Proof of address (one of the following) Aadhar acknowledgement Aadhaar card Voter identity card Utility bills such as electricity and telephone bills (less than three months old) Passport Driving licence The lease agreement and the registered agreement leave Proof of income Salary statement for the last 3 months bank statements from your bank for the last three months Self-employed clients- Ration card, telephone bill, and electricity bill Proof of residence or ownership of a business Audited financial statements for the last two years of the business Proof of the business owner’s office address proof of the continued existence of the business The applicant’s last six months of bank statements to prove the stability of the business Co-applicant – Pooling of income may be required to increase creditworthiness, in which case a co-applicant is required. Only the spouse can submit a joint application. The co-applicant must submit the documents mentioned above when applying for the loan. Eligibility Criteria for a Personal Loan in Ludhiana Salary recipient The applicant should be a citizen of India. The applicant must be between 21 and 60 years old. Staff loans are available to workers in the public, state, and local governments, as well as in the private sector. Each bank and financial organisation has its own requirements for work experience, which can be anywhere from six months to two years. People with a credit score of 750 or more are more likely to get a personal loan with a low interest rate. For salaried employees, most lenders require a minimum monthly income of Rs. 15,000 to Rs. 25,000, but some lenders have stricter requirements for personal loan applicants, such as a higher monthly income. Self-employed applicants- The applicant should be a citizen of India. As per audited financial statements, the minimum turnover is Rs. 40 lakh for non-professionals and Rs. 15 lakh for professionals. Individuals with a credit score of 750 or above are more likely to get a soft personal loan. Applicants must be between 25 and 60 years of age. According to audited financial reports, the minimum after-tax profit is Rs. 2 lac for private companies or self-employed persons and Rs. 1 lac for non-employed persons. Employees should have worked in the current business for at least five years. How can you get a personal loan in Ludhiana with the lowest interest rate? When you take out a loan, you should consider the following things to get the lowest possible interest rate on a personal loan in Ludhiana: Make a down payment: You’ll most likely get a better interest rate on your loan if you make a large down payment. Credit score: When you apply for a personal loan, it’s important to have the best possible credit score. People with a credit score of 750 or more are more likely to get a low-interest loan. Term: The term of your loan directly impacts the interest rate. EMIs could be high, but if you choose a shorter term, you can get a much lower interest rate. Debt-to-income ratio: A person’s monthly income compared to credit card bills, loan payments, etc. is called the debt-to-income ratio. A stable debt-to-income ratio determines whether your loan application is approved and how much you pay in interest. The company you work for and the stability of your employees: The company you work for and the number of years you’ve been working have a big impact on the approval of your loan and the interest rate. [B-02] Conclusion It may not seem easy to find a personal loan in Ludhiana. However, Piramal Finance can help you get them faster than expected. In addition to loans, the Piramal Finance app helps you keep track of all your financial processes and transactions. What could be more convenient, financially, if not this? To know more about the services or to read such insightful articles, visit the Piramal Finance.

08-11-2023
Personal Loan

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

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

08-11-2023
Personal Loan

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

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

08-11-2023
Personal Loan

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

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

08-11-2023
Personal Loan

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

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

08-11-2023
Personal Loan

Personal Loan In Mumbai, Mira Bhayandar. Check Eligibility & Apply Online

Mira Bhayandar is a municipality fed mainly by the Vasai Creek in the Thane district. It has been a residential area since its inception. Day by day the cost of living and inflation is on a rising state and maintaining a good lifestyle is hardly affordable. A personal loan will help to serve you the basic requirement for dayly lifestyle. You can experience a hassle-free, quick, and easy application for personal loan at Piramal Finance, with no pre-payment or foreclosure fees. Get in touch with their team of knowledgeable advisors, who help eligible applicants through the whole application process. They guarantee prompt approval and deposit it into the latter’s account. [B-01] What is a personal loan? An unsecured loan given without any form of security, similar to credit cards, is called a personal loan. Since personal loans are provided in good faith, the lender assesses a higher interest rate. Different lenders have varying interest rates for personal loans. The rate ranges from 8% to 30%, based on factors like creditworthiness, loan length, and loan purpose. Although personal loans come with a higher rate of interest than (many) loans like a home loan or a car loan, they help when it comes to emergencies. Types of personal loans To obtain a personal loan in Mumbai – Mira Bhayandar, you must be looking for either of the following: Travel loan One might wish to explore the Salsette island adjacent to Vasai Creek and stay there for a month. What if the hotel rates are soaring? What if food is not easily accessible or off-budget? There’s no need to cancel or delay the trip. Piramal Finance offers travel loans and loans for second homes with interest rates as low as 10.5%. Home renovation loan Mira Bhayandar has an equal share of old and new residential colonies and societies. Most of the older ones are in poor condition, at least in the interiors. You would want your newly bought or rented flat to be a better place to live in or, at least, on par with your neighbours and guests. Why not get a quick home renovation loan at a minimum rate of 10.5% PA? Wedding loan In India, a wedding is more important than birth or death. People tend to spend the most on this occasion, whatever their economic status might be. Nowadays, there is a trend of pre-wedding shoots that cost almost as much as the wedding. To meet these mammoth expenses, a wedding loan must be the first step. Festival loan Be it Eid-ul-Adha or Bestu Varsa, Mira Bhayandar is forever festive. Some people might flinch from investing in fireworks and food due to a lack of immediate funds. Why stay aloof and not be a part of society when it is the easiest to avail of a personal loan in Mumba – Mira Bhayandar? Medical loan Hospital charges and the cost of medicines are unpredictable and can never be budgeted. Government hospitals are always full, and private clinics seem unaffordable. But you can’t wait in a medical emergency. You can avail of a personal loan in Mumbai- Mira Bhayandar of up to Rs 25 lakhs for 5–6 years from Piramal Finance to pay for lab tests at Metropolis, for instance. Features of a personal loan The debtor has to pay zero prepayment and foreclosure charges. Loans can be taken for between Rs 1 lakh and Rs 10 lakh. Minimum documentation is required. Quick sanctions and instant disbursals save time. Monthly EMIs are always within the borrower’s budget. One can avail of a repayment tenure, flexible between 12 months to 60 months. Piramal Finance allows the clubbing of incomes for higher loan eligibility. Who is eligible for a personal loan in Mumbai – Mira Bhayandar? Salaried employees For those who belong to either of the following: government institutions, private sector, public sector, MNCs or related companies, partnership firms, or proprietorship concerns, the requirements are: Age ranges from 21 to 60 years. Income should be Rs. 25,000 per month and above. Work experience should be a minimum of six months in the current organisation. Self-employed Age must be between 23 and 70 years. Employment: a. Professionals like doctors (MBBS, MD, or MS), CAs, or architects are eligible.b. Non-professionals like business owners, partners, proprietors, or promoters/directors of private and public limited companies can apply. Procedure to apply for a personal loan in Mumbai – Mira Bhayandar The easiest procedure to apply online for a personal loan involves logging onto Piramal Finance’s official website. Visit Piramal Finance and select Personal Loan from the main menu. Select “How to Apply” or scroll down and find the same heading. Click the link under “How to Apply.” A dialogue box will pop up. It is a form called Quick Apply. Fill out the required fields and enter the captcha (you aren’t a robot!). For your reassurance, read the website usage and privacy policy before checking or ticking. Click “Submit” to get in touch with a relationship manager. [B-02] Conclusion An eligible applicant never goes empty-handed once you have your requirements. Piramal specialises in housing and housing-related loans, apart from personal or business loans for beginners or small-scale investors. If this blog/article has been enlightening enough, especially if a personal loan in Mumbai – Mira Bhayandar is sought after, please log on to Piramal Finance. The experts are ready to help you in the best way possible, based on your needs and qualifications.

08-11-2023