To know more about Personal Loan, click on the following links:
https://cleartax.in/s/personal-loan/
https://cleartax.in/s/loans/
https://cleartax.in/s/personal-loan-e...
6 Ways To Foolproof Your Personal Loan Application
• 6 Ways To Foolproof Your Personal Loa...
6 Common Reasons For Personal Loan Rejection
• 6 Common Reasons For Personal Loan Re...
5 Essential Personal Loan Know-Hows
• 5 Essential Personal Loan Know-Hows
A Personal Loan is a type of loan is that is used for personal expenses which may include, repayment of debts, wedding expenses, taking a vacation, buying electronics, home renovation, and unexpected medical expenses, amongst others.
Typically unsecured, Personal Loans are offered on the credibility of the borrowers, along with their capacity to repay the amount. The amount that can be procured through this type of loan varies between 50,000 to 50 Lakhs, while the tenure of repayment may range from 24 months to 60 months.
Personal Loans are usually offered by Banks, Non-Banking Financial Companies (NBFCs) and Online Lending Agencies. The latter are fast becoming the most trusted sources for this type of loan because of a quick and easy digital application procedure, fast approvals, and swift disbursal of the approved amount.
Now that you know of what exactly a Personal Loan entails, here are some terms that will help ensure a successful approval for you while avoiding common Personal Loan mistakes!
1. Purpose
2. Eligibility
3. Credit Appraisal
4. Loan Disbursal Process
5. Duration
6. Interest Rate
7. Part-payment
8. Extra Charge
9. Foreclosure
10. Pre-payment
We hope that you now have in-depth know-how about applying online for a Personal Loan. So, what are you waiting for? Thanks to the swift loan approval and disbursal process in the most efficient manner possible, you can have access to additional funds at the drop of a hat, or should with the click of a mouse!
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