Personal loans are sources of financial support for many citizens. Covering a lot of issues and meeting ones needs. It acts as unsecured loan where most companies don’t require a lot of details or property to act as collateral. However, before choosing and settling for financial company compare different institutions and see the interest rates. This guides you on what, where and when to borrow.
Have convenient reason to borrow loans and check your ability to refund. This helps you rethink on the amount and the need. In this article we have several personal loan companies in India which have better terms for personal borrowers.
ICICI bank personal loan
This being a big bank in India it has wonderful personal loans. Giving a considerable repayment period of 60 months. They don’t have complex documentation process and offer flexible but fixed rates. ICICI bank has different client options where they can choose how they want to repay the loan. We have the ESC mandate, auto debit or PDCs. It favors more on existing account holders who give less documentation and have high chances of getting the loan. The loan is produced within 72 hours after documentation.
Standard chartered bank SCB personal loan
Popular bank in the country and trusted for the fair services offered to all clients. The bank has attractive offers for personal loans. They are not strict on documentation and have fair rates starting from 12.99%. The bank also has flexible repayment period and works better if one is official account holder.
HDFC bank personal loan
A reputable bank in India HDFC bank is known for its best services and products. They have variety of loans which go for easy interest rates. You can apply online for the loan which is produced within hours of applying and documentation. The bank is advanced as one can also check the status of the loan online and communicate officially through SMS or click2talk.
Citi bank personal loan
The bank considers individuals whose salary goes through the bank. They offer personal loans with minimal documentation and eligibility criteria’s. They have affordable payment rates and give flexible duration. The bank give borrower’s chances to pay earlier than set with better interest rate.
Fullerton India personal loan
The bank offers loans to both salaried and non-salaried persons. They have different eligibility for each loan and give flexibility on payment duration. They have minimal documentation for both loans especially if you hold an account at the bank. The interest rates are flexible compared to other banks in the country. Fullerton bank starts from RS 20.0 lakh and above and RS 30.0 lakh for individuals who are self-employed. This promotes many business improving the country’s economy.
Personal loans are always benefit for majority of the citizens some opting to invest in business or weddings, hospital bills and holidays. Nonetheless whichever the need one should compare the rates and how well they can pay. Make good calculations and pick on only what suits you best in order to ease the payment process.