Personal Loans

Are you dreaming of going on a vacation, planning your child’s wedding, thinking of renovating your home, buying a new gadget or wondering where to get the money to pay for emergency medical expenses? When you need money for short term expenses and plan to repay it quickly, applying for a personal loan is the answer. State Bank of India (SBI) has several kinds of personal loans to suit your individual situation.How do I apply?You can apply for a person

How do I get a personal loan from ICICI Bank?The first thing you should do if you are planning to apply for a personal loan from ICICI is to check if you are eligible. It is simple to check online if you are eligible for an ICICI personal loan. ICICI offers loans for a tenure of 12-60 months and the maximum amount varies depending on whether you are a salaried employee or a self-employed professional. Check your eligibility for an ICICI personal

If you are planning to apply for a personal loan from HDFC, it is advisable to first check if you are eligible before applying. It is possible to do this online on the HDFC website and get an idea of what your loan offer will be. Check Eligibility: In order to qualify for an HDFC personal loan, you need to be 1.within a certain age range 2.demonstrate employment stability in terms of minimum number of years employed and number of years with cur

In simple terms, interest is what lenders (banks or other financial institutions) charge you for using their money. The interest rate charged is a percentage of the money that you have borrowed. So, for example, if you have borrowed Rs. 500, and the interest rate is 10%, then the interest you pay for using the bank’s money is 10% of Rs. 500, which is Rs. 50. Principal (Loan amount): Rs. 500 Interest Rate: 10% Interest to be paid:  10% of Rs. 500 = Rs

Personal loans are one way to resolve the problem of immediate requirement of cash. It is a convenient loan to apply for since you do not need to provide any collateral and you are free to use the money in any way you like (unlike a home or auto loan.) However, this flexibility comes a few restrictions. For example, since there is no collateral or security involved in a personal loan, banks have a certain set of criteria when reviewing

A personal loan is a good option if you are in immediate need of money and want to repay it within a short time. There are two main advantages of a personal loan: i. You need not provide any collateral: Personal loans do not require any security or collateral so they are a good idea if you do not own any asset (like a home) to pledge as collateral. ii. No restrictions on how to use the money: There are no questions asked regarding

Are you in need of some quick money for a short term expense? Or do you lack a ready asset (home, car, gold) that you can provide as security for a loan? Then maybe a personal loan is a good option for you. A personal loan is advantageous in that you can spend the money in any way you like. The lender does not place any restrictions on how you spend the money. Plus, there is relatively less documentation when applying for the loan since you are not providing any collateral. The main d

It is simple to calculate the interest on a personal loan. Many of the lender websites have an online tool that allows you to calculate your EMI on your personal loan instantly. All you have to do is to input the loan amount, tenure and interest rate charged. You will learn how much your EMI will be and how much you will need to pay as interest on your loan. In general, interest rates on personal loans typically range from 15%-

Are you dreaming of going on a vacation, planning your child’s wedding, thinking of renovating your home, buying a new gadget or wondering where to get the  money to cover  emergency medical expenses? When you need money for short term expenses and plan to repay it quickly, a personal loan is the answer. State Bank of India (SBI) has several kinds of personal loans to suit your individual situation.SBI provides 4 types of personal loans to customers:X

A Personal Loan is sanctioned by banks or other lenders to individuals for personal use. Unlike a home loan or auto loan or student loan, there is no restriction on how you spend a personal loan. Typically, a personal loan is used for a large temporary expense like a child’s wedding celebration, or medical emergency or even a vacation. A personal loan is also different from auto/home/gold loans in that there is no collateral involved. The lenders do not hold any security deposit

Understanding how to calculate interest on loans will help you identify the most suitable loan for you. It will let you learn how much your loan will actually cost you so that you can make an informed decision among all the offers available.

The first thing you should if you are planning to apply for a loan is to obtain your credit report so you do not get a nasty surprise when you apply for the loan.Obtain a copy of your credit report so that you are up to date on your credit situation, and rectify any errors to avoid the possibility of being rejected.

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