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Personal Loan


Personal Loan: Your key to unlock the door of finances


 The personal loan is an instant contingencies loan which comes with no pre-closure or part payment charges.  It can be used for plenty of purpose such as to renovate your home, plan a vacation with family, pay medical bills, etc.  You don't have to delay your financial goals or postpone things on your bucket lists anymore.  With a personal loan, you can achieve your goals and fulfil things with ease and comfort.  Top banks and non-banking finance companies offer a personal loan with attractive interest rates between 10.99% to 16% and mere processing on it. You can borrow as little as Rs 50,000 and can go up to Rs 30 lakhs. The loan tenure range between 1-5 years, and you can choose an affordable EMI option based on your income.


 A personal loan is unsecured in nature, and it mentally set you free from pledging any form of collateral. It is provided on the basis of your income level, credit score, employment history, repayment capacity, organization details, etc.  The lenders will offer the loan amount as such that your monthly installment won't exceed 40-50% of your monthly income. Also, they will consider any existing loans that are being serviced by the applicant before they calculate your loan eligibility.  Your income level and liabilities such as outstanding credit card dues, existing loans such as car loan, home loan and their current EMIs will have a direct impact on your repaying capacity.  Lenders want to ensure that you comfortably make the loan repayments. For a self-employed individual, the loan value will be based on the profit margin in the business which is displayed profit/loss balance sheet.


ďƒ˜ To get some of the best offers, you can visit aggregate sites and compare quotes. It would be good to compare offers from top banks and NBFCs before you settle on a particular lender. ďƒ˜ Some key factors to consider while choosing your loan provider include interest rate, principal amount, processing fee, loan tenure, pre-closure charges, EMI, etc. ďƒ˜ Your credit score and strong income source will help you to bargain with the lenders to get some attractive personal loan interest rate deal. A credit score of around 700 and above is considered good enough to get some better interest rate deal.


 You can find the best personal loan rates online rather than personally visiting banks or firms.  The stiff competition amongst peer players has led them to come up with innovative solutions and lucrative interest rate deals to lure potential candidates.  But as the saying goes, 'Prevention is better than cure' it would be wise do some research before committing to digital lenders.  Read company reviews, customer experiences, check their loan disbursal time, and process before making an informed decision.


For more details visit Personal Loan https://www.apnaloan.com/personal-loa n/

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Profile for Sachin Aamne

Personal Loan: Your key to unlock the door of finances.  

The personal loan is an instant contingencies loan which comes with no pre-closure or part payment charges. It can be used for plenty of pur...

Personal Loan: Your key to unlock the door of finances.  

The personal loan is an instant contingencies loan which comes with no pre-closure or part payment charges. It can be used for plenty of pur...

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