Personal loans can be availed for any purpose and so it helps at any point you do not have cash. The rate of interest for personal loan is very low, so it is advisable to take a personal loan for most purposes, even for buying consumer durables. You should know the advantages and disadvantages of personal loans before going for it.
Advantages:
• Personal loans do not require you to produce any collateral or security, like other loans.
• There is no agent or middleman while obtaining this loan.
• Banks are always ready to offer personal loans.
• All that is required is that you need to satisfy the eligibility criteria.
• You may use the loan for educational or even holiday purposes.
• You can avail a personal loan during times of emergency when you are short of cash, since you need not answer too many questions to the bank.
• You may avail personal loans according to your eligibility ranging anywhere from Rs. 15,000 to Rs. 10,00,000.
• The payment period is up to a maximum of 60 months.
• It is better to avail a personal loan than to borrow cash on your credit card comparing the interest rate on both.
Disadvantages:
• The eligibility criteria are stricter in case of personal loans, since there is no security required and the paper work is minimum.
• The bank checks on you capability to repay more than any other loan due to the same reason.
• Since the bank has a higher risk while providing personal loans, they follow a list of approved categories of borrowers.
• Interest rates for personal loans could range from 12 percent to 30 percent, while the service charges and prepayment penalty are also very high.
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Dear sir,
Am a serving soldier of 08 yrs service in indian army, i just want to say that today this time this moment i have almost lost faith in banking system of india. i have approached almost all major banks but they decline to provide me a loan which i am committed to pay back in the period.
the only reply i have recived from various banks is ” v the soldiers are in transferable job” so the bank is afraid to rely on our sincerity as v may leave the station without repaying.
i had spent my almost all the savings on my only sisters marriage being a father less and only son. now i want to rebuild my lost savings by doing sum or the other part time job apart from my scheduled duty times which is ofcourse not in order but for a better living standards one has to take risk so if there is sum one reading this please help me out of this ordeal.
Thanks
Santosh Kumar
SIR I DONT HAVE ANY IT PROOF BUT IAM DOING GARMENT BUSINESS FOR FOUR YEARS AT MY HOME RIGHT NOW I WANT TO ELABORATE MY BUSINESS AS PER LEGALLY SO FOR THAT ONLY I NEED FUND PLEASE TRY TO UNDERSTAND MY PROBS AND HELP ME FOR A PERSONAL LOAN
i m salaried.
looking for 1 lac rupee loan.
BANK KE AGENT HI BANK KO DUBOTE HAI.
WO HI FARJEE LOAN KARWATE HAI.
IMANDAR AADMI PARESHAAN HOTE HAI.
JYADA COMMISSION KE CHAKKAR MEIN COLLECTION TIME PAR NAHI KARTE PHIR RECOVERY MEIN CASE JANE PAR GALAT TAREEKE APNATE HAI.
BANK BHI TIME PAR SETTLEMENT NAHI KARTE
i am working in a private engineering college. when i approached a bank for personal loan, the manager told me it is very difficult to give personal loans to the private institution’s employees. how can i get Rs. 50000 as a personal loan
Sir,
I need loan at the time of my brother’s maariage and the amount is not too much.I have asked at PNB for the personal loan but they were suggesting me that this was very costly and there is some papers required. I am in private job but I have salary account in Axis Bank. I have asked the Bank for PDC but they refused. I need only Rs.10000/-.Kindly suggest me fo any other option.
Anyone, who wishes to apply for a loan must fill up the form at the following link:
Loan Application Request Form
Please do not use the comments section to place your requests.
i am business maN AND then i will startd new business so l like 2laks loan, Iam indian and proof,good bank transation from coimbatore ,PLEASE CONATACT ME
I am salaried Ineed Rs 2 lacs as personal loan
i am salaried i need 3lacs as personal loan
HI, WE HAVE TO OPEN BEAUTY PARLOUR, SO WE NEED MINIMUM 3 LACS,WE HAVE 2 LACS BUT NEED ONLY 1 LAC FOR PERSONAL LOAN,
I am salaried i need 7lacs as personal loan
i am a central govt servant in a managerial cadre,i wnt a loan of 2lakhs for my daughter marriage.pls contact usin this email
Hello,
I am Mrs JANS SMITH,I am a private loan lender and i offer loan at low rate of interest of 5% i offer loan amount of $5,000.00 to $10,000,000.00 to people who are in bad need of financial help so if you are looking for a loan and you know you will pay back the loan i will want you to contact me at mrs_janelendingfirm@yahoo.com i will be waiting for your urgent response so that we can proceed to the nest step of the loan okay..
Full Name:
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Amount Needed/ Duration:
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Sir,
I need Rs.5,00,000/- towards my daughter’s marriage
expenses. I shall repay it in 3 to 5 years. I have a
very good track record of repaying loans.
Getting a loan have always been a huge problem for clients with very low credit score. Te issue of collateral is something else. Bad credit or colateral is not supposed to be a problem when applying for a loan from a legitimate firm on the internet. A lot of clients have been turned down by their respective banks.
Notre Dame Loan Firm have made the difference in the lending industry pover the years. Our loan programme have been repositioned to meet the day to day demands of our teaming customers. We do not let the issue of bad credit or employment status prevent us from granting a loan. All we care about here is making sure tha everyone have that financial freedom that they are suppose to enjoy. All you have to do is send us a mail: Notredameloanfirm@msn.com and we will make your dream come true.
Sir,
For getting personal loan I possess everything that is required if publication in SBI website for personal loan is to be believed. But when I approached SBI for personal loan, they clearly said that if I don’t purchase their Insurance product, ie., SBI Life with a premium of Rs.1200/- per annum, they would not release the amount of personal loan. I told them that this unethical to advertise something and demand or pressurise for other thing, they did not pay any heed to my statement. Is our Banking system transparent and take ethical way to do business. Our leaders and Ministers talk to much, but the system is very much corrupt and unethical.
Debabrata
Dear sir,
I am Anbu, From Talavadi, it is in Erode-Dt, Tamilnadu.
I am doing Data entry job workin home based.
I need loan for Data entry works Rs 200000/-
I have land in Talavadi.
Give good reply to me
Thanking you
Anbu
personaloan need 15 lakhs the mobile No.9902959169 pP mobile kindly send the information as early as possible
Thanking you expecxting call
Harrasement guys!
i am a up coming business person in garment&consumer durable products,i need 5lac to expand my business tell me how to get it.
i am a salaried person & i need 3lacs rupees for my house renovation as personal loan.
want to know about property loan..
property loan req..
was trying to get the details of personal loan in sbi.. couldnt get any info
Iam selaried
I need personal loan 50000 thousand……………
Dear Sir/Madam,
we have required personnel loan what is the precedure to get the personnel loan from the bank. Kindly tell me.
Thanks & Regards
P.Sreenivasulu