Emi 1 lakh personal loan

 

emi 1 lakh personal loan

 21st century consumers in India have seen Banks and Non-Banking Finance Companies (NBFCs) in India offer a wide range of loans.  Never before has access to loans been as easy. Several recent developments in banking infrastructure (coming of age of the credit bureaus and increasing ease of cheque settlements across locations) are aiding the ease of availability of loans. If we classify loans based on the purpose for which money is being raised, there are at least the following:

ApnaPaisa advises consumers to borrow responsibly. It is important that we remember that a loan taken is the same as giving the bank a share of our future income. 

Borrowers who experience a difficulty getting a loan because of age, income or credit score can still avail of Gold Loans and Loan Against Security.

Emi 1 lakh personal loan

1.Minimum per month Income of Rs.18500 in Metro cities required.
2. Minimum per Month Income of 12500 required in other cities like Tier 1, 2 & 3.
3. Age Must be above 21 Years.
4. Regular Source of Income with Valid proof of income like – Pay Cheque, Account Transfer. Cash salary is not considered by any bank.
5. Minimum 6 Month stability in current company for Salaried, 2 Years ITR for self-employed / Professionals.
6. CIBIL Score must be above 750 points.

Interest rates on any loan plays an important part so always choose the lowest one is beneficial. Personal loan interest rates for most of the banks starts from 13.50% to 22.00%. Some banks offer special interest rates to its customer on the basis of Company, Profile, Residential status, Income per month. Banks offer lowest rates to only CAT A based company employees. So have a look at major banks personal loan interest rates below:

Results shown to you by calculator on the basis of your entered details in the calculator. For example if you applied for 2 lakh of loan amount @ 15.50% rate of interest for 4 years repayment period than you have to pay Rs. 5616.97 per month for 4 years.

 21st century consumers in India have seen Banks and Non-Banking Finance Companies (NBFCs) in India offer a wide range of loans.  Never before has access to loans been as easy. Several recent developments in banking infrastructure (coming of age of the credit bureaus and increasing ease of cheque settlements across locations) are aiding the ease of availability of loans. If we classify loans based on the purpose for which money is being raised, there are at least the following:

ApnaPaisa advises consumers to borrow responsibly. It is important that we remember that a loan taken is the same as giving the bank a share of our future income. 

Borrowers who experience a difficulty getting a loan because of age, income or credit score can still avail of Gold Loans and Loan Against Security.