Personal Loan in Bangalore

Personal Loans

Ever found yourself short of money? wanted to go on a vacation but lacking funds? A personal loan might be of great help. A personal loan is a fixed amount of money borrowed at a fixed rate and repaid over a fixed amount of time. You can get a personal loan from a bank. Personal loans can either be secured or unsecured. A secured personal loan requires some type of collateral. The most popular personal loans are unsecured loans, which do not require collateral. In that case, lenders look at factors like your credit history, credit score, income and sometimes employment to approve you.

personal loan agents

Personal Loan Eligibility Criteria

Personal Loan – Salaried

  • On basic salary
  • Gross salary method
  • RTR method
  • Salary + Rental income
  • Salary + bonus + incentive

Benefits:- One can use these funds to support their CIBIL score. Also, CIBIL scores get affected by a lack of credit card bills or High loan repayment amount which you could avoid completely by taking a personal loan as it has a comparatively lower rate of interest.

Eligibility:- Age of borrower should be 21-65 years. The income of the individual should be at least 25,000 rupees. You should have 3 or more years of work experience. experience in the current company must be 3 months to 1 year.

Personal loans Partners

Axis Bank logo
HDFC Bank Logo
ICICI bank logo
Kotak Mahindra Bank logo
punjab national bank logo (PNB)
Tata capital logo
Aditya Birla finance logo

Personal Loan Tips

  • You need to carefully consider the terms and conditions as well.
  • Is your loan interest rate fixed or variable?
  • It is a very important factor to maintain a good CIBIL score.