When it comes to home, it is surely one of the most obsessed possessions of many, don't you think so? Yes, a large number of people after settling down in their professional life start planning their personal life. And, when we say personal life, the planning of buying a dream home comes first, after all we all wanted to have that personal space, where we can do whatever we want. However, one thing that needs to be mentioned here is the fact that buying a property, especially in today's time is not everyone's cup of tea as the real estate prices are beyond the reach of many. Keeping this thing into consideration, these days not only one but many lenders available in the marketplace, known for giving the financial help to those who are in urgent need of money to build their dream home.
But, again the big task is how to choose the best lender. Well, nothing to worry as for your help, in this article we are going to share the insights of LIC home loan so that it becomes easy for you to choose a lender, which offers the best deal. So, let's not waste any time and try to understand more about this product. LIC Housing Finance is undoubtedly one of the leading NBFCs (Non Banking Financial Company), worldwide known for providing the secured financing solutions to the needful at affordable rates. This financial firm apart from providing the regular home loan to purchase, construct, repair, renovate also offers gives finance to professionals to purchase as well as construct clinics, nursing homes, diagnostic centres, etc. If you want to avail this credit facility, LIC offers you the same at an interest rate of 8.50%-8.65% p.a.(women) and 8.55%-8.70% p.a.(others) for a tenure that ranges between 20-30 years. The best part about this credit facility is that it comes to you at nil processing and foreclosure charges, and you can avail the loan amount for upto 75%-85% of the property value. Both salaried as well as self-employed can go for the same by fulfilling the eligibility criteria set by the lender. So, let's just know more about the eligibility norms of the same product.
Now, that you know the eligibility, so let's just discuss the types of loans offered by LIC to all its esteemed customers. This NBFC offers different types of home loans to the people belonging to the different categories such as Indian, NRI and Pensioners. Resident Indians: The lender offers the credit facility to the resident Indians so as to fulfill their need of buying a new house/residential unit, constructing a new home/residential unit or doing an extension in the existing property. Non Resident Indians: The lender do understand the fact that NRIs can also have their own property in their own country, hence offers them this scheme, wherein the NRIs can avail this credit facility to purchase or construct a new house or can also make the extensions in their existing property. Pensioners: LIC makes life simpler for those who are in the process of retirement or have crossed the same. Under this scheme, the pensioners can avail the multiple benefits such as attractive interest rates, flexible tenures, less fee and charges and so on. Well, my friends now you must be wondering what all documents are required to avail LIC home loan, isn't it? If that is the case, here we are letting you know about the documents so that you can avail the same without any hassle. So, take a look below to know about the documentation required. Common requirement for all applicants:
For Salaried persons:
For Purchase from Builder:
For Direct allotment in a Co-operative Housing Society:
For Direct allotment in a Co-operative Housing Society by Public Agency:
For Public Agency's allotment to individuals:
For Resale:
Article Source: https://wishfin.blogspot.in/2017/02/with-lic-home-loan-say-yes-to-your.html
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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 The plastic money or credit card is a small card made out of plastic which are issued by the credit card company. It is one of the most essential add-on to the purse. The credit card is one type of loan which is taken for the short period of time. The aim of the credit card is to help the user for digital payment and let them be cashless. The credit card can be used for both online and offline mode of payments. The most important thing to consider is that you buy now and pay later. It is the mode of payment in which the user can make use of the card anywhere and everywhere and can pay the credit card company later. There are different types of credit cards that can be used for different purposes. The credit cards are one of the useful tools but it charges the high rate of interest on the late repayment. Thus, the due date for the bill payment is needed to be remembered so that the interest rates should not be leveraged on you. It is also the very secured way of payments. The card is secured through the pin number which is known only to the authorized users. Thus, at the time of theft and robbery, you can block the card and be safe. Types of credit cards There are different types of credit cards that are available for the user according to the purpose of uses. The credit card is one of the modes of the payment which can earn you the cash back, reward points and discounts which can be utilized by the user for the maximum benefits. Given below is the list of the credit card that is available in the market for the different purpose:
The eligibility required for the credit cards are- To get the credit card the eligibility criteria required are mentioned as follows:
Documents required The valid and legal documents are required by the credit card company at the time of application. The documents asked by them is mentioned below:
Credit card bill payment The credit card is a type of loan which needs to be paid on time to avoid any type of interest that are chargeable on the amount. For that, it is necessary to know the various mode through which you can pay your credit card bills. There are various options including the offline and online mode of payments. The credit card bill payment can be made offline by physically going to the branch and settle the bill. The online mode of payment is one of the most popular ways to settle the bill as it is more easy and convenient way. The different types of online bill payment is
The credit card is one of the ways through which the payment is done by the authorized user. Credit card does not exist. This bank is relatively new and does not have the much services and products to provide to its customer. The bank is improving and growing meanwhile. It can take some time to start providing the credit card for the users. Article Source: https://goo.gl/sIbcoH Do you want to buy online mutual fund but don't know how to go by it? Before that, it's better for you to understand about its benefits of online investment. You may be little concerned about the online transaction. But the online transaction is not easy for everyone. There involve technicalities which you should be aware of beforehand. As you may be doing the online transaction by sitting in front of your laptop or mobile, the mutual fund online shouldn't let you shirk the benefits that online transaction carries. Let's take a glimpse of benefits in detail : Free from paperwork The first major benefit that comes to you by investing in the online mutual fund is getting rid of physical strains of the paperwork wherein you are required to manually fill up forms, make a cheque, and comply with the KYC norms. While doing online investment, you just have to ensure your KYC is in place and thereafter you can make your investments suitably. Convenience Investing in online mutual fund gives you full convenience. You don't have to think about the timings, transport, and availability. The moment you decide to invest, within the click you can select to invest. There are various mutual fund schemes which you will come across your terminal or mobile interface from which you would like to invest. In this way, you will save your time and money both by doing online. Cost of Investing The fair approach of investing in direct mutual funds is going online. Direct mutual funds charge less from you in terms of fund management fees which can, in turn, increase your returns. This difference will become important in the longer run. Easy comparison across several mutual funds By simply making your login ID and password with any portal of mutual fund gives you the facility of independent research. You can assess the performance of various mutual funds scheme at one place which can help you to take a fair decision of choosing the best mutual fund investments scheme to invest. At the same time, you can make the decision for switch or withdrawal subsequently. Easy Tracking of Mutual Fund As an investor, by going online helps you track of your fund performance very easily. Whichever day and time you want you can see the exact present value of your investment, only through some clicks which you make. Redemption or Switching Becomes Easy Online mode can allow you to apply instantly for the redemption or switch of the mutual funds. Hence, it safeguards your precious time when it becomes a concern. In this manner, you may get your money in the account within 2 days of the online request. Mis-selling not allowed Mutual Fund online breach the process of intermediary which may somehow invite chances of mis-selling. Since you may not have access to any agent who can persuade you for the wrong mutual fund scheme. It depends only on your discretion to do your research and decide independently. Investing Online in Mutual Funds There are 4 ways of investing online in Mutual Funds : 1. Website of Any Mutual Fund House Every fund house these days give you the provision of online investment. At any day or at any time you can visit the website of each fund house to ascertain your best pick for the online mutual fund. Merits:
2. Independent Mutual Fund Portals There are other online portals which provide you a platform for investing in any mutual fund scheme of your choice. They also educate you for doing the basic research about the mutual fund schemes. The examples of such fund portals are Fundsindia.com, fundsupermart.co.in, and scripbox.com Merits:
3. Online Brokers The distributors working as share brokers are also involved in mutual fund online transactions. Some of the famous brokers which you may easily encounter online are ICICIdirect, KotakSecurities, ShareKhan, HDFC Securities, Indiainfoline etc. Merits:
4. Bank's Website You may also access the bank's website which also sells the mutual fund schemes, relatively from their group companies. SBI Mutual Fund, HDFC Bank Mutual Fund, Axis Bank Mutual Fund etc. are some examples of bank related mutual funds. Merits:
Article Source: http://wishfinblogs.kinja.com/benefits-of-investing-in-online-mutual-fund-1792706403 A loan, as you know, is a particular amount of money that is offered by banks and other lending institutions and is paid back with some interest. The interest rate and loan amount are however variable and decided at the time of loan application by keeping in mind the repayment capacity of the borrower. There are both secured loans as well as unsecured loans depending on the kind of loan you have applied for.
Online loans are also like offline loans as the loan has nothing to do with the medium of application. However, online loan procedure is for sure more convenient as the applicant is free to apply for it anywhere anytime and there is, of course, no additional charges involved. Having said that, let us talk about the main benefits of applying for a loan online. So, here are some key advantages that would enlighten you about the online process so that you will also follow it. Benefits of online loans- Flexible options- When you are on the internet, you are free to check out as many options as you want, unlike the offline procedure where the lender starts troubling from the moment he has got the idea that you need money! By flexible options, what I mean is that suppose you have got one loan offer but your heart is not allowing you to take a step forward and apply for it. In such situations, do not hurry and take a look at other options that are easily available online. Easy comparisons- The internet is full of options, you get the opportunity to compare the deals. Now, how can you do it? Well, you must have heard about the loan EMI calculator that is used to calculate the monthly installments of the loan. This tool takes into account the basic details of your loan like the loan amount, interest rate, and tenure. So, when you find that the particular offer is out of your budget. You can go for other options very easily. Time-saving- The online process is time-saving, unlike the offline one where you have to go to the bank for each and every information. Since everything is digitizing now, there is each and every information available on the internet. So, you can apply whenever you have time. What are the loan options available online? Just because you are applying online, that does not mean you have limited options. Rather, you get more options for each kind of loan be it a home loan, a personal loan, car loans, business loans, etc. Where to apply for home loans online? There are n number of home loan options available online. However, here is the list of top 10 banks in India that offer home loans and their annual rate of interest:
Now, it is also important to note that home loans are secured loans for which you have to submit security to the bank. Having said that, the interest rate and loan amount are offered on the basis of the factors like the age, property value, monthly income, monthly expenses, the category of the employer, credit history, relationship with the lender, and any other loan. On the basis of these factors, the borrower will get the loan. Also, the eligibility criterion is subject to change from lender to lender and from one applicant to another. Where to apply for personal loans online- Personal loans are one of the most demanding loans due to the reason that the borrower is free to use the money for whichever purpose he/she want. Since there are no pre-decided conditions from the lender’s side on the usage of the money, it makes it easier for the borrower to use the money as per their wish (for legal purposes only). Also, there are multiple lenders that accept online personal loan applications. So, you can apply for a personal loan wherever you find the best deal. Presently, the lowest personal loan interest rate is 11.29% p.a. Thus, we hope you have understood the benefits of online loans and that the options that you have. So, apply now for the loan that suits your purpose. 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/ If a thing that most aspire to own in their lifetime, it would probably be a car because of the excitement and buzz that it generates upon its arrival in the market. A new car on the town and it just sets the people in frenzy mode and prompts them to buy the model as quickly as possible. The riches can book the car at the very instance. But when it comes to the lower income segments, things can be different. They may not pay off the full price at one go and thus fail to bring home a car. Therefore, they require a bank or any other financial institution that can provide them an attractive loan offer to pursue their car dream. When the names of lenders doing the rounds, HDFC Bank may sit at the top of your mind, right! A premier private lender with a massive network of over 4,200 branches and 12,000 ATMs, HDFC Bank can just be an ally where you would look to apply for your favourite 4-wheeler, won't you? So, what are you waiting for? Dive into the details of HDFC Car Loan below and see whether it can fit into your budget or not. Why is HDFC Bank the Most Preferred for Car Loan? HDFC Bank has customized its car loan product to cater to specific requirements of different customer categories, be it salaried, self-employed businessmen, self-employed professionals, etc. With a loan for both new and used cars, it has been able to penetrate effectively and thereby ruling the car finance space with the highest share of 26%, leaving behind its competitors- SBI, ICICI Bank, Kotak Mahindra Bank and others. Let's figure out even more details of HDFC Car Loan. Interest Rate-8.15%-15.47% p.a. (New Cars) -14.50%-17.50% p.a. (Old Cars) Maximum Loan Amount-Upto 100% finance on on-road price (New Cars) - Upto 80% of the Valuation Price (Used Cars) Maximum Loan Tenure-Upto 7 Years (New Cars) -Upto 5 Years (Used Cars) Processing Fee- Lower of 0.4% of the loan amount or ₹ 10,000 (New Cars) - Lower of 2% of the loan amount or ₹ 5,000 (Used Cars) Foreclosure Charges-3%-6% of the outstanding principal loan balance on the date of foreclosure (Both New & Used Cars) HDFC Car Loan Eligibility- Borrowers must fulfill the eligibility criteria set by HDFC Bank to get their car loan application approved by the lender. Want to get a sight of those? Take a look at the points below. Salaried, when they apply for a loan, needs to ensure their age is a minimum of 21 years. While at the time of loan maturity, they are expected to be over 60 years of age. Meanwhile, self-employed can apply for the loan at a minimum age of 21 years. However, they are allowed to have a loan tenure which should be equivalent to the time when they attain the age of 65 years. An overall work experience of 2 years with a year of service at the current employer is the basic professional criteria that the bank seeks in salaried professionals. But it's not the only professional detail that bank looks for. It even wants the salaried candidate to earn a significant amount, which has set as a minimum of ₹ 1.8 lakhs annually. If you are falling short of the income parameter, there is an option of adding the income of your spouse or co-applicant. Self-employed, on the other hand, required to be in the same line of business for a minimum of 2 years. While they must earn a minimum of ₹ 1,00,000 to get the nod for a car loan. A post-paid mobile connection or landline is also sought by HDFC Bank for approving a car loan application. These are the common eligibility parameters that HDFC Bank seeks in a car loan applicant. However, the decision of lending depends on your income and repayment capability in line with the car you want to buy. For example-A car loan application of 20 lakhs may not be approved by the lender with an income of even ₹ 40,000 per month. Because the EMIs here will work out to be over ₹ 30,000, accounting for about 80% of the income and thus render the applicant ineligible for such a loan amount. You need to make sure the proposed EMIs remain within 60% of your monthly income to get the nod. HDFC Car Loan EMI Calculator- You can check out the Equated Monthly Installments (EMIs) you have to pay using the car loan EMI calculator. All your work of computing the EMI using the complex mathematical formula can be given a rest with the calculator. You just need to feed loan amount, interest rate and tenure to find the result. For example-A car loan of ₹ 5 lakhs at 9.20% interest rate for 7 years brings forth the EMI, total interest and overall payments of ₹ 8,095, ₹ 1,80,012 and ₹ 6,80,012, respectively. Hope you have read the information carefully and decided upon the option of HDFC Bank in your pursuit of buying a car. Remember, a successful car loan journey is contingent upon your income and repayment capacity to a larger degree. So, don't ignore them while applying for a loan. 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/ |
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