Personal Loans

Yes, you can! Though bad credit is not a favourable status for getting a personal loan, it is completely not impossible. There are NBFCs and website lenders who are ready to offer a personal loan based on other eligibility criteria such as income, employment and social media profiles.

Having a good credit score is a bonus in availing a personal loan with better interest rate.

Yes, it's possible. You can borrow money from any number of banks, but this is generally not a good idea because it will increase your monthly EMI burden. If banks believe you have too many outstanding financial obligations for your income level, your chances of getting a loan diminish. There's a significant chance you'll be turned down for a loan because lenders are concerned that you won't be able to meet your responsibilities.

Various traditional banks and non-banking financial institutions offer personal loans for every need and budget. Once you have decided on your lender, you can either walk-in to the lender’s nearest branch along with a copy of all the requisite documents and complete the application process. You can also call their customer care number for guidance. You can also apply online on their website, thought this option varies from lender

It depends. Securing a personal loan without any history is difficult but not impossible.If you have your savings account with a lender for a certain period of time, then you might be eligible for a loan even though you have no formal borrowing history. Also if you go to a lender who focuses on income and employment status rather than credit history, you might be able to secure a loan. However, keep in mind that the loan you a

Yes, it is possible to get a personal loan with bad credit. But having a bad credit score means availing of the loan (if you are approved) at highly unattractive terms like a high interest rate. You might be also asked to pledge collateral as form of security. Its best to wait to improve your credit score before applying for a personal loan, so you get better terms.

You can go to any private sector or government bank and other Non- Credit card Financial Company (NBFC) for a personal loan. You can either apply online or go in person to the nearest branch in order to submit your loan application form. You can also calculate your eligibility online and decide what loan amount you qualify for.

Your personal loan application could be rejected for various reasons. Following is listed some of them:• Having a bad credit score and history• Defaulting on loans• Late payment behavior• Insufficient income• Previously credit card and loan application rejection• 

It is very difficult to secure a personal loan with bad credit, mainly because it is an unsecured loan – i.e. the bank does not hold any security in case you default on your payment. Lenders primarily look at your credit score and history and income before making a lending decision, hence it becomes very important to have a good credit score.However, if you have a good monthly income and not many loan obligations, lender

You can apply in either of the following ways:• Online, by filling the application form and uploading the required documents• By visiting any Axis Bank Loan Center. You can find a list of centers listed online on the Axis bank websiteBy contacting the Call Center at any of the toll free numbers mentioned on their website.

If you are in need of a loan, it is advisable to get your Credit Information Report (CIR) and check your credit score. If your credit score is 750 or above and you have a healthy credit history, that is the best way to ensure a smooth approval process.If you have a poor credit score, start work on improving it immediately before you apply for a loan. If you find any errors in your report, file a dispute with the credit b

You can check the eligibility for a personal loan from HDFC online on their website. Once you have checked your eligibility, you can apply in either of the following ways:• Online, on their website, by filling the application form.• You can also contact them via SMS, or call their customer care for help with your loan application.• You can also walk in to HDFC with your documents

You can apply for a loan in SBI in three ways: Online, by checking eligibility and filling the application form You can walk into the nearest branch and submit your application You can also request a call back and a bank representative will contact you with details on how to apply.The bank would consider your credit worthiness, your repayment capacity and your net annual income amongst other things in order to process and sa

You can apply online on their website from the convenience of your home and upload the required documents. You can also get instant eligibility online. You can also call or e mail the customer care center. Or you can visit the Help Desk at your nearest ICICI Bank Branch.If you think you need help with the process, CreditMantri can help you with the application and match you with the right loan offer for you.

CreditMantri’s Personal Loan EMI Calculator is probably the easiest way to calculate your monthly EMIs and choose the loan best suited to your requirements. It gives you an accurate picture of your monthly outflow and helps you determine which loan offer would be most compatible with your credit requirements.Using the EMI calculator is easy; all you have to do is to input the loan amount, the interest rate

If you want a personal loan, do the research online on the offer that best suits your financial needs. Once you decide on the lender (bank or other financial institution), you then you can walk in at the lender’s nearest branch or apply online through their website. You can also contact the customer care department of your lender, or you can contact a direct sales agent.

You can check your eligibility online at their website and get instant approval if you qualify in terms of age, income and other criteria. Once you get your loan offer, you would be required to fill the complete application form. Your application would be processed, and the loan amount would be sanctioned if you fulfil the bank’s internal policies. You can also call their customer care service or request a call back.

The loan amount approved depends on various factors.  In particular, your net monthly income is taken into account and your credit score. Lenders will also look at your past repayment history, your existing loan obligations and your willingness and capacity to repay the loan.

There are several ways to go about applying for a personal loan: You can apply directly online at your chosen lender’s website; You can go in person to the branch with the required documentation;You can contact the customer care department of your lender;You can contact a sales agent.If you want to apply for a personal loan with the lowest interest rates as applicable to your

Personal loans are unsecured loans, meaning they do not require any guarantor or collateral.  You can use the amount for any personal need, a medical emergency, a family vacation or any other kind of expense. It typically comes with a high interest rate since it is an unsecured loan and is one of the costliest retail loans in the market.

First the bad news - there is no minimum credit score at which you are guaranteed a loan. But the good news is that you can get a personal loan with a low credit score as well, though at unattractive terms, like a high interest rate. That is why it is always recommended that you have a good credit score. It is advisable to have a credit score of 750 and above to stand a good chance of obtaining a loan of any kind on good terms and cond