Personal loan is the obvious choice if you need a finance for Personal finance, Medical emergency, Wedding purposes, Abroad travel, Holidays, Child education and for buying consumer durable things.
Personal loan is the obvious choice if you need a finance for Personal finance, Medical emergency, Wedding purposes, Abroad travel, Holidays, Child education and for buying consumer durable things.
A personal loan refers to money that is borrowed from a financial institution, for personal (not professional or business) use. In opposition to larger and long-term loans, personal loans are taken into relatively short to medium terms. Generally personal loans are used to pay for one-time or short term expenses where a borrower (the person who is getting the loan) doesn’t normally require disclosing the specific reason for the loan.
In every individual’s life there comes a moment where you urgently need a specific amount of money which can’t be covered by your savings. The amount can be needed for any personal reason like home renovation or vehicle repair, to pay unexpected medical bills, for wedding, travel, credit card outstanding balance transfer etc. Here the option of getting this desired amount via personal loan comes extremely handy.
This type of loan is used by many to resolve their current financial needs. A personal loan is taken for tenure of one to five years. Also these require lowest formalities and no collateral or security. It is a type of unsecured loan which can be availed on the basis of various criteria. Level of income, employment history, credit score and scope for repayment are those specific criteria. Considering these criteria and lender, the APR (Annual Percentage Rate) of personal loan can be anywhere between 11.29% to 35%.
Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.
Grow Finance offers you personal loan for your unexpected medical emergency.Get instant personal loan for your all kind of medical emergency expenses.
You can manage your deram marriage day with our personal loan option. Have the wedding celebration of your dreams. Apply now personal loan for wedding purpose.
Get the funds for the expenditure involved in going abroad for taking up employment. Manage your personal with Borrow Company for fulfill your travelling to abroad.
We provides child loan for pursuing higher, We given the right tools to every potential child. Also, grant personal loan for your child higher education.
All loans are not created equal, personal loan has become a great option for people to use.
Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a personal loan.
Maximum age of applicant at loan maturity: 60 years
Minimum Net Monthly Income: Rs 15,000
Applicant should have the bank specified credit score.
If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.
Yes, banks do charge a processing fee of 2-3% on the loan amount. But you can negotiate with the bank to reduce the fee.
Personal loans can be prepaid in parts or fully at any point of time. Some banks charge a prepayment penalty while some don’t. Very few banks allow the part-prepayment. Thus read all the loan documents carefully before signing.
Yes, you can club your spouse’s income in order to boost your eligibility to get a personal loan.
Applying for a personal loan on Ruloans involves few easy steps:
Now apply for a Car Loan online, All you need to do is provide your details below application form.