How to Get Personal loan in Hindi | By Ishan

How to Get Personal loan in Hindi | By Ishan

What is a personal loan? : Simply put, it is an unsecured loan taken by individuals from a bank or a non-banking financial company (NBFC) to meet their personal needs. It is provided on the basis of key criteria such as income level, credit and employment history, repayment capacity, etc.

Unlike a home or a car loan, a personal loan is not secured against any asset. As it is unsecured and the borrower does not put up collateral like gold or property to avail it, the lender, in case of a default, cannot auction anything you own. The interest rates on personal loans are higher than those on home, car or gold loans because of the greater perceived risk when sanctioning them.

However, like any other loan, defaulting on a personal loan is not good as it would reflect in your credit report and cause problems when you apply for credit cards or other loans in future.

Eligibility criteria: Although it varies from bank to bank, the general criteria include your age, occupation, income, capacity to repay the loan and place of residence. To avail of a personal loan, you must have a regular income source, whether you are a salaried individual, self-employed business person or a professional. An individual’s eligibility is also affected by the company he is employed with, his credit history, etc.

Maximum loan duration: It can be 1 to 5 years or 12 to 60 months. Shorter or longer tenures may be allowed on a case by case basis, but it is rare

Rates: Being unsecured loans, personal loans have a higher interest rate than those on secured ‘home and car’ loans. At present, many leading banks and NBFCs offer such loans at interest rates of as low as 11.49%. However, the rate applicable to a borrower is contingent on key factors, including credit score, income level, loan amount and tenure, previous relationship (savings account, loans or credit cards) with the lender, etc.

Interest Rate and Charges Applicable. Personal Loan Interest Rates. 10.99% to 22.00% per annum. Loan Processing Charges / Origination Charges (Non-Refundable) Upto 2.25% per annum of loan amount plus GST.

Key documents required when applying for a loan: Though the documentation requirements vary from one financial institution to another, some key documents you will have to provide with your personal loan application include:

1.*Income proof (salary slip for salaried/recent acknowledged ITR for self-employed)
2.*Address proof documents
3.*Identity proof documents
4.*Certified copies of degree/licence (in case of self-employed individuals)

Personal loan versus loan against credit card: Credit card loan is an offer that you may be able to avail on your card. Such a loan is only applicable to specific cards and you can only approach your card issuer for a loan on it. When it comes to a personal loan, on the other hand, you can approach any lender. Moreover, unlike a personal loan application, card loans don’t require any additional documentation.

Disclaimer- Some contents are used for educational purpose under fair use. Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. All credit for copyright materiel used in video goes to respected owner.

Keep Supporting Us :-

Website :
Website :

Email :

Facebook Official :
Facebook Page :
Twitter :


personal loan eligibility,personal loan icici,personal loan axis bank,personal loan bajaj finance,personal bank loan,personal loan hdfc,personal loan sbi,personal loan for self employed,personal loan ki jankari,sbi personal loan in hindi,loan chahiye urgent,bank se loan kaise le in hindi,personal loan kya hota hai,business ke liye loan,personal loan kaise milta hai,personal loan lene ka tarika,personal loan in hindi,How to Get Personal loan in Hindi,ishanllb
Video Rating: / 5 Personal Loan – How To Get Personal Loan -what you should know before you get a personal loan.
how to get a personal loan.
EzDinero is a premier online lending solution offering personal loans for bad credit

How to get a personal loan in India with a bad credit score
HDFC Bank Personal Loan – Apply hdfc personal Loan online in delhi,noida,gurgaon,faridabad,ghaziabad
Apply ICICI Bank Personal Loan now
What is a Personal Loan & How can I get one you can get a personal loan by simply comparing quotes and filling a short online application form.

expert advice on personal loan and home loan part 1- harsh roongta.

Borrowers (salaried and self-employed) can apply for unsecured personal loans online using an easy three step process We make it easy to find and apply for quick online personal loans for bad credit or good credit today Get Attractive Rates on ICICI Bank Personal Loans

Personal Loan ICICI Bank Charges

Instantly check ICICI Bank charges would be
The availability and awareness of bad credit personal loans is not always marketed effectively

List of Banks Providing Personal Loans in India
NetCredit offers online personal loans

HDFC Personal Loan EMI Calculator ✓ HDFC Bank Personal Loan Interest Rates 2016 ✓ Check Eligibility ✓ Instant 7 Min Approval ✓ Apply Online Now

Personal Loan Malaysia | Pinjaman Peribadi | Loans information SBI Personal Loan SBI Personal Loan is a product that can offer a great way to get money at an affordable rate
Personal Loan Repayment Calculator

Personal Loan Bank Rakyat Putrajaya, Putrajaya, Wilayah Persekutuan, Malaysia Compare Personal Loan Rates only on BankBazaar

Use this flexible online Personal Loan EMI Calculator to arrive at the EMI you are comfortable with
To get lowest fee, comparison of personal loan rates, offers and cashback applying online through MyLoanCare Check out Axis Bank personal loan calculator to calculate your monthly outgo and how much your emi will be

this was the definition of personal loan .

the ins and outs of personal loans explained quickly! sbi has a quick loan approval system where the personal loans are granted within a few days of the document submission.

from a personal loan. an icici bank personal loan is your one-stop-shop for fulfilling all your financial aspirations! At Bajaj Finserv, we are committed to help your growing businesses with small Business Loans in India

No collateral loans: Unsecured financing for businesses with a business cash advance
Video Rating: / 5