Pune is the cultural capital of Maharashtra, and a technology hub. It houses automobile giants like Tata and Bajaj. To cater to the financial needs of the Pune residents, you can choose from many financial institutions. They offers a number of loans of various types.
Let’s say you need funds for a personal purpose. This can be gifting your wife jewellery for your anniversary, or taking a much needed vacation. Personal Loans are the best choice. To avail a Personal Loan in Pune, Maharashtra, shortlist lenders whose eligibility criteria you can meet.
To check your eligibility in Pune, you can use a Personal Loan eligibility calculator. It factors in your salary, age, employment status and credit score. Based on the quantum of loan and tenure, you can choose the EMI.
Qualifying Factors for A Personal Loan:
You apply to a bank or NBFC for a Personal Loan. Before approving your loan, the bank considers the following;
The lending bank can obtain your credit report from CIBIL. This Credit Information Report (CIR) gives a clear indicator if you have defaulted any payments as well as the duration of default. If default has been repeated, then the lender would give a negative marking.
The CIR also reflects what quantum of loans /dues are yet to be repaid. These represent your liabilities. Lower the current outstanding balance, better will be your chance to have your Personal Loan application approved.
Aman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management.