Personal Loan is an unsecured loan that can help the borrowers fund personal and professional requirements. The loans are available at affordable interest rates and flexible tenors. To avail personal loan at lower interest rate petitioner needs to maintain the good credit score, income chronicle, etc. Many lenders necessitate the borrower to be a high salaried employee in a reputed organization.
Many wonder how to get a personal loan or why their loan applications get denied. The worry of loan dismissal has come to an end since now low salaried people (earning Rs. 12000-25000 pm) can also avail personal loans. Several banks provide personal loan for salaried person, such as Bajaj Finserv, HDFC bank, State bank of India, ICICI Bank, Axis Bank, etc. Advantages of Taking a Personal Loan For a Low Salaried Employee Are: Quick Approval: Typically a low waiting period can be a boon if you have immediate and pressing financial requirements. In most cases, the personal loan application is approved within 5-15 minutes. The loan amount is disbursed to the personal account of the applicant within one working day. Collateral Free: The loan is unsecured, hence the borrower doesn’t have to submit any assurance to the lender. Flexible Tenor: Reputed creditors provide loan to low salaried employees at flexible tenor ranging from 10-60 months. So, the populace can maintain their monthly expenses and pay their EMIs on time. Large Loan Amount: leading banks offer personal loans up to Rs. 25 lakhs, enough in most cases to fund pressing medical, holiday, wedding requirements, etc. Read More: How to Get a Personal Loan for Salary Under 20,000 in India
0 Comments
Leave a Reply. |
AuthorAman 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. |