Personal Loan Tips

You can buy a personal loan from IDFC FIRST Bank. and the advantage of this is that you don’t have to submit the assets. The loan can be borrowed solely on your personal loan eligibility. For this the bank will take your income, credit history and monthly obligations into account. Read this post and know more about the IDFC Bank personal loan . What is the IDFC Bank Personal Loan Eligibility? You can get a personal loan from IDFC FIRST Bank if you are self-employed or salaried. Check out the below mentioned eligibility criteria.  For Self Employed Individuals: The business must be in existence for 3 years minimum The company’s profit after tax (PAT) for the last two financial years should be positive Age of the applicant should be between 28 and 68 years For Salaried Individuals: Age of the applicant should be between 23 and 58 years Must be working in private or public sector company So, if you met the above criteria, that means you are eligible for IDFC Bank personal loan. List o...

Several banks and NBFCs provide the option of a personal loan to customers who are looking to fulfill their financial needs in an urgent way. IndusInd Bank Personal Loan is one of the popular options among customers due to its affordable interest rates. But do you know about the repayment method of a personal loan? Well, it is one of the important things that several people miss to notice. That’s why we are first talking about the concept of EMI?  Well, let’s say you borrow some money from IndusInd Bank in the form of a personal loan, you can repay the amount via Equated Monthly Installments (EMI). This amount consists of a portion of both the principal and interest amounts. You must be thinking what must be the reason behind this concept of EMI? Well, lenders introduced this to make the overall repayment process smoother and simpler for individuals. The EMI amount is usually a fixed amount that you will need to clear off every month within a fixed time frame. For example, you too...

Whenever you need a lump sum of funds, you can borrow it from Canara Bank, and for this you just have to apply for the Canara bank personal loan . Using the personal loan, you can pay your debts, meet any financial obligations like wedding expenses and medical emergencies, etc. Read the article below and know details of the Canara bank personal loan. Can I Borrow Canara Bank Personal Loan? Yes, you are eligible to borrow a personal loan from canara bank if you meet the following criteria:- The salaried employees of a  Central or State Government Reputed PSUs Joint Stock Companies. Reputed Corporates Public Limited Companies Private Institutions Lecturers Asst. Professors Professors of Colleges, Research Institutes and Universities. IT/BT Companies There is no specified income criteria for the canara bank personal loan, so you don’t have to worry about that. How Much You Can Borrow? From Canara Bank, you can borrow a personal loan up to 6X your monthly income or INR 3 lakh which is ...

CIBIL score holds a special place in an individual’s financial life. Consider this as your financial scorecard that determines your creditworthiness. Provided by one of the leading credit bureaus of India, CIBIL, this score generally ranges from 300 to 900. The higher your score will be, the higher will be your chances of getting a loan or credit approval and vice versa. But there is one common and important question that people often ask - How to Check CIBIL score ? Many people don’t know how to check their score as it is one of the important factors in an individual’s financial life.  Well, the process to know your CIBIL score is quite easy. A customer only needs to visit the official website of CIBIL. On reaching there, you will need to fill a basic few details such as your name, email id, mobile number, PAN number, etc. On the basis of these details, CIBIL will send your credit report on your registered email address. This report will have all the details of all your financial ...

When we talk about an ICICI personal loan, which is one of the most popular loan options among the customers, the most common question asked by people is about the ICICI Personal Loan Interest rates . The reason: Personal Loan is a fully unsecured loan which means a customer doesn’t need to pledge any kind of collateral against the loan amount he or she would get. So, take an example for yourself. If you are lending money to someone without any security, the trust amount in this transaction must be quite high. Similarly, during a personal loan, a lender checks the creditworthiness of an individual by his or her credit score.  A credit score is a 3-digit number ranging from 300 to 900 which defines an individual’s creditworthiness. There are several benefits of a good credit score (750 or above) such as lower interest rates, quick approval & disbursal, higher loan amount, etc. But the most important aspect is that your credit score defines the Rate of Interest which ultimately a...

Kotak Mahindra Bank is the top private sector bank in India. And to help its customers during a financial crisis, the bank offers you a Kotak Personal Loan . It is an unsecured loan where you can borrow a lump sum of fund without pledging any kind of security. You can borrow money from Kotak Mahindra Bank from INR 50,000 to INR 20 lakh. Read the article to know details of the Kotak Personal Loan. Kotak Personal Loan is a Multipurpose Loan for Your Needs! You can apply for Kotak Personal Loan for any financial emergencies such as for:- Medical Emergency Foreign Education Marriage Travel Home Renovation The bank doesn’t want to know the purpose of your Kotak Personal Loan, they just sanction you the loan based on your income and credit history. What is the Eligibility for Kotak Personal Loan? To apply for the Kotak Personal Loan, you need to meet the following criteria:- Age 21-58 years Minimum income INR 20,000 per month Minimum educational qualification of a graduate  Employee of a...

  Do you receive a message or email from HDFC Bank that you are one step away from securing a personal loan? If yes, it is the result of your good credit history and discipline loan payment that HDFC Bank has considered your profile eligible for a pre-approved personal loan in India . A personal loan is an unsecured loan which is borrowed from the bank. There are various purposes of a personal loan and the advantage in this is that you don’t need any collateral or security. Read this article below to know how to apply for a HDFC pre-approved personal loan in India. How the Process Will Start? A simple set of documentation is the first step to apply for HDFC personal loan . However, the method will be faster without any additional documents if you have a HDFC pre-approved personal loan in India. Because in a pre-approved personal loan there is no such need for documentation. It is offered by the HDFC bank to the existing customers only. Your clean and default free proven track recor...