A short to medium term unsecured loan (no collateral required), a personal
loan is commonly used to cover expenses related to debt consolidation and
vacations and unexpected medical expenses. However, it can be used to cover
almost any other expense as well.
Personal
Loan Eligibility Criteria
To avail personal loan a person has to fulfill the following
conditions.
The applicant must have been an employee with an
organization or must have been running a business for specified number of years.
The applicant should possess the monthly repaying capacity.
He should have attained the age as specified by the lender.
He should have a good credit history and should possess the
lender specified minimum credit score.
The applicant should not possess any other outstanding loan
liabilities.
Personal
Loan Interest Rate
Different banks and NBFCs offer loans at different interest rates.
It is in the best interest of the applicant to go through the conditions carefully
to avoid any hiccup. Companies like IndiaKaloan.com helps personal loan seekers
in a big way. They have tie-ups with many banks and NBFCs and are able to guide
the applicants about the organizations that best serve their purpose. Indeed,
companies like IndiaKaLoan.com go a long way in helping people get a personal
bank loan at best interest rates.
You can apply for personal loan online which is the best way to
get instant personal loan. Online application allows you to apply from the
comfort of your home thereby saving you the time and hassles that come your way
if you go the lender and apply in the age-old fashion.
It is the ease and swiftness with which one can avail the personal
loan is what has made it popular and companies like IndiaKaLoan.com are offering
commendable services to people by helping them in their effort to get a personal
loan.
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