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Personal Loans are simple loans……Yes, it is but you need to pass some basic criteria. Banks and financial institutions have specific parameters; the applicants need to meet so that they can get their personal loan approved. Amongst the various conditions implied today,  a good credit score  is one of the most critical factors. It is the credit score that grades your financial health and lets the bank know whether you have can repay the loan or not. It showed the previous track record of the applicant and based on it; the bank decides whether or not to approve the loan. Various credit rating agencies will let you know your credit score. You can also check the score online or speak to your bank about it.  Fitch Ratings, Moody's investor services, and S&P are some of the popular credit rating agencies that will help you find out your credit score. What is the minimum credit score for personal loan eligibility? Usually, banks look into the job stability, monthly i

You can avail a personal loan to meet any short-term financial needs such as home renovation, unexpected medical emergency, for buying consumer durables, going on a vacation, to pay credit card debt and so on. And while going for a personal loan, you can opt for SBI Xpress Credit Personal Loan. Know why - Features of SBI Xpress Credit Personal Loan Here are the salient features of the SBI Xpress Credit Personal Loan. This is an instant personal loan scheme by SBI to address the needs of those with urgent fund requirements (sudden vacation, medical emergency, etc). This scheme features a low  SBI Personal Loan Interest Rate  (with reducing balance) The loan amount you can avail depends on your income and repayment capacity. Under SBI Xpress Credit Personal Loan, you can get a loan up to 24 times your NMI (Net Monthly Income) with a cap of Rs 15 lacs. The minimum loan amount you can borrow is Rs 25000 You do not need to pay any administrative charges You need to g

When it comes to availing personal loans in India, the first name that comes to our mind is SBI. The State Bank of India has been a preferred choice for ages when people want to avail a personal loan. SBI is India’s largest public sector bank, with over 24000 branches across the country. SBI personal loan products are designed to cater to the distinct needs of a diverse set of people (salaried, self-employed, pensioners etc). SBI Personal loan is known to offer facilities such as zero prepayment, minimum processing fees, low  SBI Personal Loan Interest Rate  and so on and no wonder why it is one of the largest lenders in the country. In this blog, we will talk about SBI Saral Personal Loan, a usually designed keeping in mind the distinct needs of the salaried /self-employed class or people with a continuous source of income. Features for SBI Saral Personal loan - You can avail this loan on an urgent basis for any purpose, be it for medical emergencies, travel, education, weddi

If you are gearing up to take the loan, then you would have come across two terms,  secured loans and unsecured loans . Before opting for either type, you must be aware of the pros and cons of both loan types. In the case of an  unsecured loan , you can get money without putting anything as collateral. Whereas a secured loan is the one where the bank may ask you to put something as security, it can be property papers, cars or anything that your lender specifies. This blog will also give you an insight about personal loan. Understanding Secured Loans- As already mentioned, secured loans demand the borrower to put something as collateral. The loans may vary, and the lender may ask you to put your home, car or savings as security. When people buy a home or car, they usually take a secured loan. Irrespective of the type of secured loan you avail, the lender can seize the property in case you fail to make the repayment of the loan. If you have kept your car as collateral, then the len

If you are a government Employee and if you are are looking for  SBI Personal Loan for Government Employees .This article will be help for you .A personal loan is meant to address the short-term & urgent financial needs of an individual.  Best Personal loan  have been designed keeping in mind the needs of the salaried /self-employed class or people who have a continuous source of income.  SBI personal loan The State Bank of India is India’s largest public sector bank, having over 24000 branches across the country. SBI has offered attractive personal loan products (such as SBI Xpress credit personal loan,  SBI Saral personal loan ,  SBI pension loan  and so on) to cater to the distinct needs of a diverse set of people ( salaries, self-employed, pensioners etc).  SBI personal loan  is known to offer facilities such as zero prepayment, minimum processing fees, low interest rates and so on and no wonder that it is one of the largest lenders in the country. SBI Personal Loan for

You think getting a personal loan is not so easy? Here comes the Tata Capital Personal Loan Have you had a ‘not-too-pleasant’ experience while applying for a personal loan of late? Avail a personal loan from Tata Capital and get around from the ‘horrors’ of your previous experience. The  Tata Capital First Personal loan  will provide you with a unique experience with its quick and easy personal loan options at competitive personal loan interest rates. They understand your needs better than the most and hence offer customized personal loan products to you, with minimal documentation. Important features of Tata Capital Personal Loan Here, we will discuss some salient features of the Tata Capital Personal Loan. Loan amount & tenure   Here, you can avail a personal loan amount starting as low as from Rs 75000 to Rs 25,00,000 – which will depend upon your income, eligibility and repayment capacity. The loan needs to be repaid within a flexible tenure of 12 months to 72 mo

A  best personal loan  is meant to address the short-term financial needs of an individual. Due to the tag of ‘job-security’ attached with a government job, banks and financial institutions often come up with attractive personal loans for government employees. Personal Loan for Government Employees: Features and Benefits No need of security/collateral - As a government job is deemed to be a stable and a secured one, lenders do not often ask for a security. Some lenders even run special schemes to woo government employees in different sectors. For example - personal loans for government employees are offered at low interest rates to ex-army or defense personnel. Convenient documentation- Regardless of which government sector you are in, personal loans for government employees can be obtained with a minimum documentation. Easy repayment options- A large section of the banks/NBFCs offer easy and flexible repayment options to government employees. A usual repayment

Individuals looking for financing have very few options up their sleeves, which fulfill their fund requirement when required in a hurry.  Personal Loan  provides help in immediate cash crunch and offer competitive interest rates which won’t pinch on your pockets. Many individuals looking to lend money also look for alternatives such as gold loan which offers quick disbursal & flexibility just like Personal Loan.Both of these loan options have their advantages and disadvantages and may prove beneficial or become a financial burden for the individual. Here are some of the crucial factors of these two types of loans which will help you make a good decision & get yourself out of the cash crunch. What is a Gold Loan? Gold loans are secured loans in which you will be required to keep your physical gold in the form of jewelry or coins as collateral for your fund requirement. It is considered as a good option for short-term money requirements. Following are some of the primary fe

The banking and financial system in India has considerably transformed itself. Not only they have flexible policies and features for the customers but now the banks and NBFCs extend their loan schemes to the retired people and pensioners as well. The pensioners can now easily apply for the  personal loan online  and can fulfil their aspirations or meet the financial needs in case of an emergency. The pensioners' loan offered by bank allows the pensioners to take the loan against FDs, pension, National Saving Certificates, etc. Despite many banks and financial institutions reluctant to give the loan to the pensioners, some of the prominent banks like  State Bank of India , Dena Bank,  Bank of Baroda ,  PNB , etc. provide the personal loan to the pensioners quite easily. One can check whether he will get a personal loan for pensioners by clicking here. In this blog, we will discuss in detail about the  personal loan offered by banks to pensioners . Although eligibility criteria