There comes a time when you require some funds to meet your personal aspirations or the contingency needs. This is where your old friend personal loan can come to help you. Banks and non-banking finance companies (NBFCs) provide a personal loan for various purposes like the wedding, education, medical emergency, purchasing a durable or car, etc. So, no dream is bigger with a personal loan. Let’s get through the journey of a personal loan online from its basic features to the lender offers. Basic Features-
Top Banks Providing Personal Loan In India- SBI Personal Loan-
SBI Personal Loan Eligibility-
SBI Personal Loan Application- You can apply for a personal loan by visiting the branches of SBI or the website. The latter option could well be the most convenient of the two. Being online allows you to get the receipt of the application form easily instead of asking for the same at the branches of the bank. You can easily fill the details online to submit your application to the bank, which would then process your case further. If all goes well, the bank would disburse the loan within 2 days to a week. HDFC Bank Personal Loan-
HDFC Bank Personal Loan Eligibility-
HDFC Personal Loan Apply- Want to apply for personal loan at HDFC Bank? Visit any of the bank branches. If visiting the branches is not what you like, there is an option of going online to apply for a personal loan. Within 2 days to a week’s time, you would get the disbursal if there is no discrepancy in the documentation. Axis Bank Personal Loan-
Axis Bank Personal Loan Eligibility-
Axis Bank Personal Loan Apply Online- Bring home the needed funds by applying for a personal loan at Axis Bank. You can either visit the branch or opt for the online option. The second option will add to your convenience as you can apply via your mobile or computer with the help of an Internet connection. Calculator Personal Loan- You can use the calculator to find out the loan servicing cost. The eligibility calculator will determine the amount of loan you are expected to receive based on your income and savings. The personal loan EMI calculator will show the amount of installment you need to be ready with to pay off the loan each month. The EMI constitutes a portion of both principal and interest amounts. The amortization calculator, on the other hand, gives a schedule of the interest and principal and interest repayment each year. It also shows the outstanding balance of the loan amount every year. Now I guess, the path for a journey full of happiness is clear with the comprehensive know-how of a personal loan. Use this as a guide to steer yourself comfortably amid all the challenges that the life presents from time to time.
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Not often it is possible to do anything everything you want on your own. Wishes do not stay within the four walls of a room like the many traditional Indian housewives do. While you would love to take your love to the sandy beaches of Barcelona, your friends would be more interested in picking up the latest mobile phone in the market. The costs for all these can get higher and thus make you approach a bank for a loan of your budget. You should look for a suitable personal loan, which can be availed for any purposes like marriage, education, buying a consumer durable or others. As far as the lender is concerned, there is no doubting of the fact that State Bank of India (SBI) emerges as the most popular bank among its peers. With over 14,000 branches, SBI is the most visible of the lot. But will it be worth for you? I mean to say, have you checked out the interest rates? The reason why this question assumes significance is because of the fact that the interest rates are the ultimate decider of your pocket’s health. More the rates, higher will be the amount of EMI payable each month and vice-versa. So, are you ready to dive into the water of SBI personal loan interest rates? If ‘Yes is your response, then let’s do it now. SBI Personal Loan Interest Rates- The interest rates charged by SBI vary across its various personal loan offers. The bank provides a personal loan under two schemes-Xpress Credit Personal Loan and SBI Pension Loan/Jai Jawan Pension Loan. SBI Xpress Credit Personal Loan- Doesn’t matter if you want money to fulfill your expedition drive or need the same for any medical emergency, Xpress credit personal loan is what can serve your purpose. Want to check out its interest rates? Well, it’s 11.90% per annum. SBI Xpress Credit Personal Loan Eligibility-
SBI Pension Loan/Jai Jawan Pension Loan - The interest rate on this loan is upto 14.90% per annum. The eligibility for this loan is stated in the points below.
How Does SBI Calculate EMI on Your Personal Loan? It is important to know the amount of EMI payable beforehand as it can help you budget better. Do you know how SBI calculates the EMI on your personal loan? It’s by using the formula that you can check out below. EMI = [P x R x (1+R)^N]/[(1+R)^N-1] P=Principal Loan Amount R=Interest Rate N=Number of Monthly Installments Let us take an example to figure out the EMIs. Ravi Malhotra, a Chief Architect in a construction firm, applies for a 5-year personal loan of 5 lakhs at SBI. The interest rate charged by the public lender is 11.90%. The EMI, in this case, will work out to be ₹ 11,097 while the total interest outgo and the total repayment amount are going to be ₹ 1,65,818 and ₹ 6,65,818, respectively. EMI, whose extended form is Equated Monthly Installment, forms a component of both interest and principal portions of a loan that are payable each month until the expiry of the tenure. In the early days of your personal loan journey, the interest portion will be more than the principal counterpart. But as you move towards the fag end of the tenure, the interest portion of the EMI gets lower than principal. The EMI is dependent upon three factors-
Let us understand the crux of EMI based on all three factors that you can see above. No need to say that higher loan amount and higher interest lead the EMIs to spiral. But many may not know the exact impact that tenure can have on the EMI. When the tenure is longer, the monthly EMI amount is lower compared to a shorter period of the loan. With the lower amount of EMI, you could drift towards a longer tenure. But there is a catch here. The longer tenure results in higher interest repayments over the loan tenure compared to a shorter period of loan. If Ravi Malhotra opts for a 4-year loan of the same amount and at the same interest rate, he may have to shell out a higher EMI of ₹ 13,142. But he can cut down the interest repayments to 1,30,834, a saving of 34,984 (1,65,818-1,30,834) over the course of 4 years. I hope you are now aware of SBI personal loan interest rates and their impact. So, before availing the option of SBI Personal loan, do keep an eye on its interest rates. Article Source: https://goo.gl/epWDqD Are you in need of the personal loan for fulfillment of your varied needs? Go for Bajaj Finance Personal Loan which is designed to meet your current financial needs. It is a type of unsecured loan where you don't require any security/collateral against obtaining the loan. The loans are disbursed according to your flexibility and need.
Bajaj Finance Personal loans are granted to individuals as an instant cash to be used for multiple needs like traveling, wedding, medical emergency, home renovation, or anything else. It becomes essential to know your personal loan Eligibility criteria first before going for an easy Personal Loan. Know your monthly installment by using the Personal Loan EMI Calculator and apply for a personal loan in order to finance your needs. You need to maintain a good credit score and a clear credit history before going to avail personal loan. Bajaj Finance Personal Loan Interest Rate The personal loan offered by Bajaj Finance is dependent upon your credit history, salary, and your borrowed amount. The lowest personal loan interest rate starts from 12.99% p.a. for loans upto ₹ 25 lakhs.The additional fees are also levied on your personal loan which are processing fees, EMI bounce charges, penal interest and security fee (only for online). Eligibility for Bajaj Finance Personal Loan You need to fulfill the following requirements to become eligible for availing Personal Loan:
To know your eligibility online, enter the following details as required : 1. Your Date of Birth 2. Your Current City of Residence 3. Your Company/Employer Name 4. Your Net Salary 5. Your Combined Monthly Loan EMIs 6. Your Combined Outstanding amount on Credit Card 7. You need to mention whether you are availing Home Loan or not After filling the above details, you proceed further to check whether you are eligible or not. Bajaj Finance Personal Loan Apply Online -
How to Check Your Bajaj Finance Personal Loan Approval Status ? After submitting your personal loan application, you can check the status online by using the given reference number. In this manner, you can know about the approval or rejection of your application process within few days of your personal loan application submission. Once your personal loan application is submitted, you can have the status checked online by using the given the reference number. Within few days of submitting your personal loan application, you can know the approval or rejection of your application. Steps to Check your Bajaj Finance Personal Loan Status- There are two ways of checking your Bajaj Finance Personal Loan Status : Step I- 1. Go to the Personal Loan Section by visiting Bajaj Finserv website and click on “Apply Online”. Once you are directed to the page, then click “ Track Application” given above the top of the webpage. 2. Enter your mobile number and reference number. 3. Click the 'Go' button for viewing your application status. Step II- 1. Click the Bajaj Finserv link : http://mysite.bajajfinservlending.in/Contact-Us/FileStatus.aspx 2. Enter your case id/loan id/file id. 3. Click the 'Submit' button. Documents Required for Bajaj Finance Personal Loan- 1. KYC Documents:
2. Salary slips of the last 2 months 3. Salary account bank statement of the last 3 months 4. Employee ID card to furnish as employment proof Article Source: https://goo.gl/KXRSny Are you in need of a personal loan? If yes, you must be looking for a lender that can offer you the best deal, isn't it? But, one of the biggest problems is to find the best lender, right? With the availability of many top lenders in the marketplace, it would not be wrong to say that it is not everyone's cup of tea to find a lender, which is best for you. But, nothing to worry because if you are reading this article, we have some special for you. Now, you don't need to search for the best lender as axis bank personal loan is here to meet all your needs in the best possible way. Yes, being the third largest private sector bank of the country, there is no denying the fact that this lender is undoubtedly the best when it comes to offering the personal loan.
To know more about this product, kindly take a look at the page below. The bank offers a loan to the individual/s at an interest rate of 15.50%-24% per annum for a loan amount of upto ₹15,00,000. You can avail this credit facility upto a tenure of 5 years along with paying a simple one-time processing fee of ₹1.50%-2% of the loan amount. Not only this, if anyhow you defaulted on your loan or due to some reason missed one payment, you will be charged an interest of 2% per month on the overdue installment/s. Apart from this, there are various other related fee and charges that you need to pay such as prepayment/foreclosure charges are Nil, cheque bounce charges are ₹500, cheque/instrument swap charges are ₹500, etc. Now, you are done with knowing the basic details of this credit facility offered by this private sector bank, it is also important for you to know about the loan eligibility criteria for the same. Take a look below and know your eligibility. You are eligible for a loan if you are:
After all the basic product details, it's crucial that you should be aware of your EMIs of the same. Yes, it would be advisable to calculate your monthly installments before availing the loan because through this way you would know whether the loan is going to be pocket-friendly for you or not? Paying the EMIs each month will be lighter on your pocket or not? And, this can only be one with the help of a smart and effective device called personal loan EMI calculator that actually allows you to know the exact amount of your EMIs in a hassle-free manner. You just need to feed the loan amount, tenure and interest rate into the calculator and it will fetch the results for you within few seconds. Last but not the least, you should also know the features and benefits of availing the personal loan axis bank. To know the same, take a look below.
Article Source: http://articles.org/say-hello-to-personal-loan-axis-bank-and-fulfill-all-your-needs/ Personal loan is a loan product that is designed to meet all the personal requirement of the people. People can use the amount disbursed under this loan for any purpose such as the wedding of the daughter, education of the children, home renovation, business requirements or even for tours and travels. It is the fastest and quickest means of arranging funds on the credit basis. As it is an unsecured loan, no collateral or security is to be presented. Also, the borrower doesn’t have to specify the end use of the loan amount. Very fewer documents are required to avail this loan facility. Therefore, it is considered a hassle-free loan and is known as signature loans. There are various lenders that provide a personal loan in India. Each lender has the different lending policy and eligibility criteria. The borrower must check the eligibility parameters before applying for a personal loan. The personal loan eligibility criteria of few banks are given below: Personal Loan SBI- SBI offers a personal loan to the salaried and pensioners to serve their needs under the names- Xpress Credit Personal Loan and SBI Pension Loan. The eligibility criteria and documents required for both the schemes are mentioned below: Xpress Credit Eligibility Criteria:
Personal Loan HDFC- The applicants meeting the following standards are eligible to avail personal loan from the HDFC Bank:
The personal loan eligibility criteria are as follows:
Personal Loan ICICI Bank The ICICI bank personal loan to both the salaried and self-employed individuals. The eligibility criteria and rate of interest for the categories are mentioned below- Eligibility Criteria & Documentation for Salaried
Want to travel the exotic locations with your better half? Feeling the need of instant cash? A latest iPhone you want to bring at home? If that is the case and you can't do it on your own, a personal loan is something you should opt for. Actually, it is a type of lending offered by the financial institutions like banks and non-banking finance companies (NBFCs) to let you fulfill your wishes, which can be travelling to buying the latest television.
Since there are so many lenders in the market, the best practice would be to choose a one that has served a large number of customers for an extended period of time. Keeping this in mind, it is SBI that would stay at the top of your search, right. The bank's personal loan offers are up for grabs by salaried, self-employed, defence personnel, pensioners and others. You can get a maximum time of 5 years to pay off the loan. The interest rate on SBI Personal Loan ranges from 12.45%-14.90% p.a. The maximum amount of loan you can expect is ₹ 15 lakhs. Before filling the SBI Personal Loan Application Form, you would want to know further more details like the schemes it has to offer and others. So, let's start and find out all those information before you apply for the loan. SBI Personal Loan Offers-
SBI Xpress Credit Loan- You can avail this Personal loan from SBI to fulfill all your personal purposes such as travelling, marriage, education, instant cash needs, and much more. Let's have a quick look at the eligibility that the bank seeks in an individual before approving the loan. Eligibility-
SBI Pension Loan/Jai Jawan Pension Loan- Pensioners from government departments and defence personnel who are drawing a pension can be a part of this loan. Want to check out the eligibility norms you have to comply with? Look at the below mentioned points.
SBI Personal Loan Application Form- Now I guess, you are ready to apply. You have two options-Go online or stay in line. Yes, you heard it right! Applying at the website of the bank is more convenient of the two. You just need to visit the website and click Apply Now Online' link. Subsequently, you need to fill all the personal and professional details. As soon as you do the same, the appropriate loan offers will come at you. You just need to pick an offer with a maximum amount of loan at an affordable rate of interest. A reference number will be generated towards the loan. Now if you are not comfortable applying online, there is an offline option available as well. Visit the nearest branch and ask for SBI Personal Loan Application Form, wherein the details have to be filled along with the necessary KYC documents supporting proofs for identity, address, income, signature verification. SBI Personal Loan Application Status- Post the application, it is obvious that you would be keen to know the status of the same. You can check the application status online. The status will show either approved, pending, reasons for pending as well as the estimated date of loan disbursal. This was all about SBI personal loan in general. Apply for it and fulfill the dreams you have been living for years. Hope the information pointed out in the article will help you pick the right personal loan offer from SBI. Article Source: http://articles.org/sbi-personal-loan-application-a-gateway-to-fulfill-your-wish/ Do you need immediate funds for your daughter’s marriage? Do you want to go on a mini vacation to Milan but don;t have enough money? Do you wish to provide your child with the best education? Want to repair your old house? Do you require urgent money for medical treatment of your family member? Is shortage of finance is forcing you to put everything on hold. If yes, don’t let your dreams and wishes die when axis bank personal loan is there to fulfil them. Yes you read it correctly. Axis bank offers timely loan to eligible applicants who are in need of a financial assistance. The maximum and minimum amount that can be secured from the bank is Rs. 15 lakhs and Rs. 50,000 respectively. The tenure for the same lies in the range of one to five years. You even have the provision to carry over your existing loan from any other bank to Axis bank. You can earn reward points when you obtain a loan from the bank. Check out this article for more information about the product.
Eligibility criteria: In order to eligible for the loan, the applicant should belong to any of these-
Documents required: Completing the documentation work is a very important task while availing a loan. Have a look at the documents needed for a personal loan here-
Interest rates and processing fee: Axis bank offers a personal loan to suitable applicants at an interest rate between 15.50% to 24%. The processing fee for the same is up to 1.5% to 2% of the loan amount availed along with the applicable service taxes. There are no prepayment or foreclosure charges as such. Axis bank personal loan EMI calculator: A wise man has said to always look for the EMI before obtaining a loan. This holds a lot of prominence. After all, you need to be aware about the amount of installments you will be paying each month to repay the amount you have taken. What if the EMI causes a hole in your pocket and disturbs your monthly budget? Calculating the EMI can turn out to be a very complex process for anybody. But why to worry when axis bank personal loan EMI calculator has been made to calculate your installments. The tool gives you information related to your EMI within few seconds. And the best part is you have to simply do nothing but enter your desired loan amount, rate of interest and term period. Then you have to wait for the magic to begin. You will soon get to know about your EMI. still not clear with the tool, let’s make it easier with the help of an example. Suppose Ria Jain, an English Literature professor at the University of Delhi wants to go on a trip to Paris. She approaches Axis bank for a finance of Rs. 2 Lakhs. The bank gives her the same after completing all the formalities, at an interest rate of 16% for a period of five years. Now, let’s check out the magic of this tool. After the instant calculation, you can find out that Ria will have to pay an EMI of Rs. 4,864 each month to fully repay her loan. This hassle free calculation has been only possible due to this very useful EMI calculator. Article Source: https://wishfin.blogspot.in/2017/02/render-all-your-dreams-with-axis-bank.html Want to give your daughter an exotic honeymoon trip? Need finance to sponsor your child’s IIT dreams? Want to give a new setting to your house? Do you wish to visit Dubai and enjoy a memorable vacation? If you have any of these wishes but have to neglect them due to the shortage of required funds, then I have a news which can bring the glow back to your face. HDFC personal loan has been specially designed to meet all your personal needs. HDFC bank, one of the well known private sector banks is always ready to give wings to the dreams of its customers. You can secure finance from the bank for your personal requirements up to Rs. 15 lakhs for a tenure of five years. Check out all the important information about the product offered by HDFC here- Eligibility criteria: In order to successfully avail a loan from the bank, the applicant has to meet the eligibility norms. It will be based on the loan requirement of the applicant, the income he earns each month and the profession he is part of.
After meeting the eligibility norms, the applicant has to ensure that he completes the documentation work imposed by HDFC bank. Check the documents required here- Identity Proof- photocopies of Voter ID Card/Driving License/Passport Residence Proof- photocopies of Telephone Bill/Ration Card/Passport/Rental Agreement/Electricity Bill Income Proof- Latest salary slip along with a salary certificate which is current dated with latest Form 16 Bank Statement of the previous three months or passbook statement of six months is needed Interest rate: The bank offers a personal loan to salaried employees at an interest rate between 15.75-20% for a period ranging up to 60 months i.e. 5 years. You are given flexible repayment options depending upon your profile. The interest for your loan is calculated on a monthly reducing balance method. Processing fees: The bank charges a processing fee up to 2.5% of the loan amount you secure from it. It can be a minimum of Rs. 1,000 and the maximum amount can go up to Rs. 25,000 for any salaried individual. In case you want to pre-pay your loan, I have to tell that prepayment of loan is not allowed before you complete 12 EMIs. Suppose you want to prepay the amount between 13 to 24 months, then the charge imposed on is going to be 4% of the principal amount which is outstanding. In case, you feel like prepaying between 25 to 36 months, the prepayment charge is 3 percent of the principal amount outstanding. The charge for any kind of prepayment above 36 months is two percent of the principal which is outstanding. HDFC Personal Loan EMI Calculator: One of the most important things you have to keep in mind, while taking a loan, is the amount of monthly EMIs you will have to pay. Availing the loan, without thinking twice about the installments can prove to be detrimental for you. You will end up disturbing your budget if you don’t pay heed to it. Calculating the EMI can turn out to be very confusing and complex. But you need not worry when HDFC Personal loan EMI calculator has been developed to give you instant details about your EMI. You have to do nothing but just enter your desired loan amount, interest rate plus the tenure. This will provide you with information relating to your monthly EMI, total interest you will have to pay and the total amount you will submit to the bank. Let’s take the help of an example to throw more emphasis on the same- Suppose Sushmita Gupta, a teacher wants to secure a personal loan for her daughter’s marriage. She approaches HDFC and avails a loan of Rs. 3 Lakhs at an interest rate of 15.80% for a tenure of five years. This is where the tool is going to exhibit its magic. Within seconds, the monthly EMI has been calculated. Sushmita will have to deposit an installment of Rs. 7,264 and the total interest payable is going to be Rs. 135,814. This means she will have to pay a total amount of Rs. 4,35,814 to the bank for taking a loan of Rs. 3 Lakhs within five years. Why wait and neglect your dreams? Go and avail best interest rates from HDFC and fulfill all your dreams. Article Source: http://www.artipot.com/articles/2051990/fulfill-all-your-wishes-with-hdfc-personal-loan.htm Human beings have many wishes which they eagerly wait to come true. You too must have some wishes, right? Whether it’s a long vacation to your favourite foreign location or a destination wedding or to provide your child the best education. Keeping this mind, State Bank of India has designed SBI Personal loan so that finance does not act as an obstacle in the path of your dreams. With its affordable EMIs and easy documentation work, the product has become one of the most popular amongst loan applicants. Both self-employed individuals and salaried employees can fulfil their desires by availing finance from the bank. To gain more knowledge about the product, have a key look at this article. Types Of SBI Personal Loan:
Xpress Credit Loan- If you require funds that can be available at your disposal whenever you need then this scheme is perfect for you. Whether it is an all of a sudden vacation or a medical emergency in your family, Xpress Credit loan is there to fulfil your needs. You are not required to furnish any kind of security. Loan Amount: An applicant can secure a minimum loan amount of ₹24,000 and the maximum amount that can be taken is ₹ 15 Lakhs. Eligibility Criteria: Following are the eligibility norms imposed by SBI. Check them out-
Documents needed: Check out the list of documents needed to avail a loan here-
Repayment Tenure: The minimum tenure period is six months and it goes up to a period of five years i.e. 60 months. Interest rate and processing fees: The personal loan interest rate is charged on a daily reducing balance by the bank and lies in the range of 12.90% to 14.90%. The bank also charges a processing fee up to 1% of the loan amount sanctioned along with the service taxes. No penal interest is charged on loans up to ₹ 25,000. SBI Pension Loan: This scheme has been specially designed for the State or Defence or Central pensioner who is drawing his/her pension through a SBI branch. The loan can be availed for any sort of personal requirement. Loan Amount:
Repayment Tenure:
SBI Personal Loan EMI Calculator: It is essential to keep a check on the amount of EMIs you will have to pay to the bank for repaying your loan. SBI Personal Loan EMI Calculator is the perfect tool when it comes to calculating your monthly installments. You have to enter the details like the desired loan amount, rate of interest and tenure. After that, you will receive information about your EMI and total interest payable. This will allow you to design your monthly budget accordingly as you can keep the EMI out of your income each month. Article Source: https://wishfin.blogspot.in/2017/02/open-door-of-your-dreams-with-sbi.html |
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