For meeting any type of urgent cash need, whether it is for paying credit card dues, studying, marriage, and for buying new business equipment or car one can always opt for a personal loan. It is a kind of short-term unsecured loan, which is an excellent source of meeting unforeseen financial expenses. For a personal financial need, this loan is an obvious choice.
We are the personal loan agents in Bangalore that will assist you in finding your best deal when you are looking for a way to avail personal loans. We are your best choice if you want an instant personal loan to meet any type of unforeseen situation.
With our expertise and knowledge about the market, we are able to provide you with all the necessary help you need to get your loan.
So, in order to minimize the cost of borrowing, the loan should be of low-interest rate. Also, tenure should be short. The interest rate differs from lender to lender.So, in order to minimise our client's cost of the loan, we look into all the possible options and find out the lowest possible interest rate along with a short tenure. This interest rate differs from one lender to another, and we save your time by offering the best possible options in the least amount of time with our personal loan calculator.
Aside from the principal and the amount of interest almost all of the banks or lender charges some additional amount for their processing fee. Some lender has a high fee for their documentation and processing process while most of the lender keeps this to bare minimum to attract more clients.We find out all of these charges and fee along with any hidden charges and provide you with all of these details instantly. Then you can make your choice for yourself.
The tenure of the loan and interest included with it should be checked in order to find the most feasible option.To make your monthly installment smaller most of the lender provides a year’s long repayment plan which has a significant impact on the total outgo of the loan.But, the longer the tenure is, the bigger the interest gets that is why one should pick a loan after carefully considering its tenure so before making any decision you can make use of our personal loan EMI calculator to find out how long it will take to pay back the principal as well as the interest amount.
Repayment flexibility is another aspect of personal and any other type of loans that needs to be checked carefully. As these types of loans are paid in EMI’s, the repayment flexibility is a must. It could happen that you want to pay two instalments or more than that in advance to lessen the burden of interest in such cases, the flexibility in the payments is a must. Aside from this, it could also happen that for some reason you are unable to pay up the EMI for one month or so, in such cases there should not be that big of penalty. After considering all of these factors, we can answer to your question of How to get a personal loan in Bangalore easily.
Minimum income for availing a personal loan in any of the metro cities is 18500 INR, in cans for Tier 1, 2, and three cities the minimum wage is reduced to 12500 INR for availing a personal loan.
You must have proof of your regular income source to be eligible for a personal loan. Keep in mind that cash salary is not considered by any of the banks in India.
Salaried individuals must be working for the same company for the past six months; for self-employed individuals two years ITR is essential.
Your CIBIL score must be above 750 to be eligible for a personal loan.If you are confused with all of these, then you can use our - personal loan eligibility calculator.