State Bank of India (SBI) provides you access to its online personal loan EMI calculator, using this you can generate your loan EMIs and interest payout. But what more can you do with it? Well, you can use the SBI Personal Loan EMI Calculator to reduce your interest payout, EMI payments or transfer your existing personal loan to SBI. So, as you can see the calculator could help you in repayment of the loan in various manners, know more about the usage of SBI Personal Loan EMI Calculator in this article below.
Use SBI Personal Loan EMI Calculator While Applying for the Loan If you are seeking a new personal loan from SBI, you should use the SBI Personal Loan EMI Calculator by following the below steps -
Planning SBI Personal Loan Prepayment, Use EMI Calculator Before doing prepayment for the SBI Personal Loan, do check the amount you’ll save from this. Because this way you can know whether the SBI Personal Loan prepayment will be beneficial for you in terms of money saving. Check out the example below to understand it better. Suppose you have borrowed INR 10 Lakh at an SBI personal loan interest rate of 10.10% per annum and choose a repayment tenure of 48 months. Now, after 12 months of EMI payment, you want to prepay the SBI Personal Loan and for this the bank charges a prepayment fee of 1.00% of the balance loan amount. So, if you are confused about the total amount you need to pay for the prepayment of your personal loan, use SBI Personal Loan EMI Calculator. As per the calculator, your balance loan amount at the end of the 12 month of the repayment tenure will be INR 7,86,362. This means you need to pay INR 7,86,362 + INR 7,863 (1% of the principal amount) = INR 7,94,225. And from your prepayment you’ll be saving INR 1,20,558. Want to Avail of SBI Personal Loan Interest Rate Benefits? Transfer Your Loan to SBI SBI Personal Loan Interest Rate starts from 9.60% per annum, so if your existing loan gives you hard time in repayment, switch to SBI personal loan. You can balance transfer your loan to SBI by paying a nominal fee for it. To know whether this balance transfer will be beneficial for you or not, use SBI Personal Loan EMI Calculator. Using the EMI tool, you can find out the total amount you will be saving on EMI and interest payout by switching to SBI Personal Loan. For example, if you have an existing loan of INR 8 Lakh at an interest rate of 15.00% per annum and you have paid 12 EMIs for the same, and now want to reduce your EMI payments because it is ruining your monthly budget, switch to SBI personal loan. Suppose you get an offer of SBI Personal Loan Interest Rate of 11.20% per annum and transfer your loan to SBI, you will get the following benefits -
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One of the most crucial things when going for a personal loan is the eligibility criteria that an individual needs to meet. Lenders want to assess the credit risk they could face when providing the required money to customers by defining eligibility criteria that every individual needs to meet. Clix Capital personal loan has emerged as one of the popular options in our country. If you are someone who is looking to get the required money through this facility, you should know those conditions that you will need to meet.
But before understanding the same, it’s important for you to have a brief idea about the key features of the Clix Capital personal loan. We are showing the same below. Please check!
Now that you have some information about the striking features of the personal loan facility from Clix Capital, it’s time to know the eligibility criteria. In this article, we will discuss the same along with the factors that affect the interest rate of your personal loan. Keep reading! Conditions to Fulfill to Get a Clix Capital Personal Loan If you are looking to get the required money without submitting any collateral, you will need to meet the following conditions -
When going for a personal loan, the interest rate is one of the crucial factors to keep an eye on as it will directly affect your repayment amount. So, if you keep an eye on the factors that affect your personal loan interest rates that will help you choose lower rates. These factors are your monthly income, credit history, repayment history, employment history, and required loan amount & type. For example, an individual with a good credit score (750 or above) can get lower interest rates as compared to an individual with a bad score of below 650. One another important factor that we mentioned above is the monthly income that affects your Clix Capital personal loan interest rates. If an individual’s monthly income is higher, it is considered to be a safe option for a lender to provide a higher loan amount as they can repay it every month. Another important aspect of the Clix Capital personal loan is the list of documents that you will require at the time of loan application. We are giving them below. Do check!
Life is full of different challenges and it can throw one of them at you without any information. This can be funding your wedding, child’s education, travel funding, medical emergency, etc. Fullerton India personal loan could be one of the suitable options to fulfill your financial needs. The reasons are many: affordable interest rates, minimal documentation, lenient eligibility criteria, higher loan amount, etc. But one of the most important reasons behind the excellence of the personal loan from Fullerton India is the convenient application process.
Fullerton India provides the online process for the personal loan application with which any individual can easily apply for the required loan amount without going anywhere. So, you can easily get the loan amount without any hassle. Want to know the steps to apply for a Fullerton India personal loan? Well, in this article, we will discuss the same along with other aspects of this personal loan facility such as eligibility criteria, features, etc. Keep reading to know more. Steps to Apply for Fullerton India Personal Loan in an Easy Way! Have a look at the below-mentioned steps that you need to follow to apply for the Fullerton India personal loan via the online method.
If you do not want to apply for the Fullerton India personal loan via the online method, you can also do it via offline method and via application. These methods are through the Fullerton India branches, by calling the customer care, or through the Fullerton Chatbot Dia. If you are a salaried individual, you just need to download the Fullerton India’s Instaloan mobile application. Download this app, fill in their application and submit it via application. Now that you have understood the application process of Fullerton India personal loan, you should also know the eligibility criteria of the same so that you don’t face any trouble while applying for the loan. Fullerton India Personal Loan Eligibility Criteria Want to know the important conditions related to the Fullerton India personal loan eligibility? Well, you can check below to know the same!
There are some documents that you need to submit while applying for the Fullerton India personal loan. Missing any of them can lead to rejection of your personal loan application. These documents are application form, ID proof, address proof, age proof, last 3 months salary slip, last 6 months bank statement, ITR or Form 16 and Financial statement for self-employed. Kotak Mahindra Bank Personal Loan is one of the popular loan options that people choose when they require urgent funds for their different needs. One of the main reasons behind its popularity is the affordable interest rates that customers can enjoy while repayment. Lower interest rates make your repayment amount (EMI amount) lower and vice versa. But there is one thing that individuals often ask questions about is the eligibility criteria required for a Kotak Mahindra bank personal loan. The Kotak Mahindra bank ensures that the borrower is creditworthy as the personal loan is an unsecured loan which means an individual doesn’t need to provide any collateral or security against the loan amount.
There are a few conditions that an individual needs to fulfill before applying for a personal loan. These conditions make up the overall eligibility criteria that a person needs to fulfill. Any individual should need to keep these conditions in mind when going to apply for a personal loan from Kotak Mahindra Bank. This article could be a good read for you if you are looking to know the same. Here, we will discuss some of the important conditions related to the eligibility criteria of Kotak Mahindra Bank personal loan so that you can understand better. Keep reading to know more! Important Conditions Related to Kotak Mahindra Bank Personal Loan Eligibility Criteria We are showing the important conditions related to the Kotak Mahindra Bank Personal Loan eligibility criteria below. Please check!
Other than the eligibility, an individual needs to also provide certain documents when applying for Kotak Mahindra Bank Personal Loan. We are showing them below. Have a look!
Yes, sure it is, there is a flexible repayment schedule available under the United Bank of India Personal Loan by which the borrower can repay his/her loan in equated monthly installments. So it means if you are salaried and worried about your monthly budget and loan repayment, United Bank of India Personal Loan has the resolution for this issue. Let’s go through this article below and grab more information on the United Bank of India Personal Loan.
What is the Eligibility Criteria for United Bank of India Personal Loan? You can avail of the United Bank of India Personal Loan only if you met the following -
These criteria are important to meet as they show that the applicant is eligible for a loan repayment. Work experience of a salaried individual depicts its permanent position while the regular income satisfies the EMI needs. For What Purpose United Bank of India Personal Loan Can be Borrowed? There are many reasons to borrow a personal loan but do you require a lump sum of money urgently? If the answer is yes, United Bank of India provides you a loan from INR 2 lakh to INR 10 lakh at an interest rate starting of 14.20% per annum. So if there is a wedding, medical emergency, requirement of lump sum for college admission, apply for United Bank of India Personal Loan. Repayment of United Bank of India Personal Loan You can repay your United Bank of India Personal Loan up to 36 months from the date of disbursement, but before superannuation. To understand this better check out the example below. Example - Mr. Ramachandra needs money for his younger son's college education, but due to the last year COVID pandemic all their savings are exhausted, so now he has been looking for a loan. A friend told him about United Bank of India Personal Loan so Mr. Ramachandra has applied for the same. He gets approval of loan amount INR 8 lakh at an interest rate of 14.20% per annum. Now it's time for him to choose the tenure and Mr. Ramachandra selected a tenure of 24 months. So as per the calculation of an EMI calculator he will pay an EMI of INR 38,486. Security for United Bank of India Personal Loan United Bank of India will require the following security for its personal loan -
Special Conditions of the United Bank of India Personal Loan For working women, United Bank of India offers personal loans at a special interest rate of 13.95%. This discounted interest rate will be applicable only for women applicants. Fee & Other Charges for the United Bank of India Personal Loan The applicant needs to pay a processing fee of 1% of the loan amount, this charge will be deducted from your disbursed loan amount, you don’t have to pay this fee upfront to the bank. The due diligence charges will apply to your United Bank of India Personal Loan if it is purchased by outsource agencies and this needs to be paid upfront. No prepayment charges will be applicable to this loan. A need for money can come from anywhere to anyone without caring whether an individual is employed or unemployed. This need of money can be fulfilled by different ways, and one of the popular methods is to opt for a Personal Loan. But most of the people think that a personal loan can only be availed by salaried or self-employed individuals. The reason: a personal loan is an unsecured loan. But what if you are unemployed? Well, there are several methods with which personal loan for unemployed individuals can be taken in an easy way.
In case of a personal loan, there are several factors that come into the picture such as credit score, eligibility criteria, interest rates, documents required, etc that tend to vary from one lender to another. But there are a few factors that can help an individual who is facing unemployment currently to get a personal loan. In this article, we will be telling you some of the methods by which personal loan for unemployed individuals can be taken in a hassle-free manner. Keep reading to know more about the methods! Different Methods to Get a Personal Loan for Unemployed Individuals As we said there are some methods with which personal loan for unemployed individuals can be taken. These methods are secured loans such as Gold Loan, Loan Against Property, Unsecured Loans, Loans under Government Schemes, etc. We are telling them about it below. Have a look! Unsecured Loans If you are looking for a personal loan for the unemployed, it is not necessary that you have always been unemployed. It may be possible that a person is unemployed at this moment. Such individuals can easily take an unsecured loan from a lender if they paid all their debts on time when they were employed. A brilliant repayment track makes an individual’s CIBIL score 700 or above. Any lender will like to provide a personal loan to an unemployed individual with a credit score of 700 or above. It may be possible that you may not get the required loan amount as you wished for initially, but you certainly can get a personal loan. Your eligibility will depend on your past credit behavior. One of the best things about this is individuals don’t need to submit any kind of collateral. Secured Loans The basic definition of a personal loan is it is an unsecured loan; individuals don’t need to present any collateral or security against the loan amount. Since we are talking about personal loans for unemployed individuals, and they cannot present an income proof (salary slip) or credit score as their eligibility, the lender will not like to take the credit risk. That’s why, secured loans can be a good option for such individuals. With this type of loan, individuals will need to submit some security to lenders to get the required loan amount. This security can be Gold, Property, Fixed Deposits, Mutual Fund Units, etc. You should remember that the personal loan amount against these securities will vary according to the overall value of your securities. For example, in the case of a Gold Loan, the loan amount will range from 65% to 90% of the overall gold value. Loans Under Government Scheme One of the best ways to opt for a Personal Loan for Unemployed individuals is the various government schemes. One of these government schemes is Pradhan Mantri Mudra Yojana with which unemployed women applicants can get a personal loan. One other such government scheme to get a personal loan is Pradhan Mantri Rozgaar Yojana with which individuals can get a loan amount as much as INR 5 lakh as a personal loan. Yes, you are eligible for Fullerton India Personal Loan if you are salaried or self-employed. This loan product is for the customers to meet their unexpected financial needs for instance, expensive wedding preparations, medical emergency, home renovation expense, children education fees, etc. So, look at the article below and learn how to borrow a Fullerton India Personal Loan in the time of need.
Eligibility Criteria of Fullerton India Personal Loan If you want to borrow a loan from Fullerton India, you have to meet the following requirements.
How to Meet the Fullerton India Personal Loan Eligibility Criteria? You can meet the Fullerton India Personal Loan eligibility if you follow the instructions below:- Step 1:- Whenever you are preparing to borrow Fullerton India Personal Loan, make sure you have all the required ID proof in which your correct age is mentioned. Because if Fullerton India finds any fraudulent errors in the age of the applicant, the loan application will be rejected at that very moment. So do check your ID proof such as Passport, Aadhaar Card, Voter ID, Driving Licence, etc. Step 2:- In our second step we will recommend you to check your payslips and bank statement. Because a higher income makes you eligible for a high loan amount up to INR 25 lakh. But first check whether you meet the minimum income criteria of the Fullerton India Personal Loan or not. Step 3:Now we have come to our third step of meeting the Fullerton India Personal Loan eligibility criteria. In this you need to show Fullerton India the proof of your employment via which they will calculate your work experience. Because when the work experience of an employee is six months or one year, it gives surety to the lender that the borrower won't make a default in the repayment as his/her income will be consistent. Step 4: This is the final step of meeting the Fullerton India Personal Loan eligibility and here you just need to check the CIBIL score. How to Check a CIBIL Score for Fullerton India Personal Loan? You can check your CIBIL score online without any hassle. For this first visit the CIBIL official website and check your CIBIL Score for free if you are a new customer. And if you found that your CIBIL Score is in the range of 750-900, it is well in good. Apply for Fullerton India Personal Loan Online To apply for the personal loan at Fullerton India official website follow the steps below.
It is common that we often find ourselves in a situation where our finances are low. But do you know what to do? If not, let us tell you. If you are in an urgent need of a lump sum and your savings doesn’t meet the need, in such a situation you should apply for a Canara Bank Personal Loan. Because using the loan amount first the requirements will be met and second the interest rates are very affordable, so it won’t impact your monthly budget. Let's read this article and know more about the Canara Bank Personal Loan and its features and benefits.
When Canara Bank Personal Loan Will be Helpful to You? There is no specific situation to borrow a Canara Bank Personal Loan, as it is a multi purpose loan which can be used for various needs such as wedding expenses, home renovation, education fees, travel expenses, medical bills, etc. You just need to ensure that you borrow an accurate amount from Canara Bank as per your need. Because borrowing a high loan doesn’t make sense when your requirement could be met with a lower amount. What is the Canara Bank Personal Loan Interest Rate Now? If you apply for a Canara Bank Personal Loan today, you will get an interest rate from 11.25-13.30% per annum. And for your information the Canara Bank Personal Loan interest rate is fixed, which means they won’t change during the repayment period. So if you get an interest rate of 11.25%, it means this would be the same during the repayment period even if the repo linked lending rate changes. Currently the Canara Bank repo linked lending rate is 6.90%. How to Repay Canara Bank Personal Loan? You can repay the Canara Bank Personal Loan in equated monthly installments, but first you need to select a tenure for it. Canara Bank has provided you the option of 12-60 months for the repayment of the personal loan, so make sure you decide the suitable tenure for your Canara Bank Personal Loan as per your monthly income and current obligations. Am I Eligible for Canara Bank Personal Loan? Yes, you are a confirmed employee of the Central or State Government, Reputed PSUs or Joint Stock Companies, Corporates Companies, Public Limited Companies, Private Institutions, Lecturer, Asst. Professors, Professor of a College, Research Institute and University, employee of an IT/BT Company. Is there any Overdraft Facility? Yes, you can use the Canara Bank Personal Loan Overdraft facility up to INR 3 lakh. This Canara Bank overdraft facility is subject to renewal once in two year. But the renewal period may be extended to the top executives in the cadre of secretary, additional or joint secretaries and above in central governments or secretaries to State Government and top executives of big corporate or public sector undertakings such as Chairmans, MDs EDs or such equivalent post only. So apply for Canara Bank personal loan today and meet all your financial needs in a minute. To apply, visit any of the nearby canara bank branches or its official website. After submitting your kyc and income proof along with your loan application form, you will get your loan amount instantly in your bank account. We often tackle the money problems in our day to day life, but what if there’s a situation where you need a lump sum and all your savings are exhausted or your savings cannot meet the need. Don’t worry in such a situation clix capital personal loan will save your day. Customers can borrow a maximum of INR 25 lakh from Clix Capital if their monthly income and credit score is in a good status. And the best thing is that there are no limitations on clix capital personal loan interest rate, which means it will be customized according to the customer profile. For more information on this loan read this article below.
Things That Make Clix Capital Personal Loan Best!
Clix Capital Personal Loan Eligibility
For What Purpose You Can Use Clix Capital Personal Loan After knowing about the Claix Capital Personal loan, it must have become your top option when it comes to fulfilling your varied financial needs. But wait, you should know where to use the funds from a personal loan, such as:
How to Apply for Clix Capital Personal Loan? You just have to follow the below steps if you want to apply for the loan
Home Credit India provides you a personal loan online to ensure that you obtain your cash instantly. Because there are sometimes times when you need a loan as soon as possible, but your bank might not approve your loan that quickly. That's why Home Credit Personal Loan comes to help you. With the Home Credit Personal loan, you can meet any of your financial needs without any hassle. Read this article to know how to apply and what benefits does this product consist of.
Home Credit Personal Loan Application Process The entire process consists of a minimal documentation and in just a few steps, you can get an instant online approval for a personal loan, and post KYC procedure the amount will be disbursed to your bank account within a few hours. So what you need to do is:-
If you couldn’t able to find the app on play store or apple store then ask for a link, call Home Credit India customer service by calling the toll-free number 0124-662-8811.
Once the procedure is over you will get approval instantly on the mobile app. What is the Eligibility for Home Credit Personal Loan? To borrow a loan from Home Credit India Company Ltd. you need to meet the following conditions:-
Key Benefits of Home Credit Personal Loan When you apply for the Home Credit Personal Loan, you will get the following benefits:-
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