Thread: Best Personal Loans

The scenario of getting personal loan has changed a lot over the years in India. Today the process of getting a personal loan is very easy and it doesn’t require much paperwork and the best part is that one can get the money urgently to meet personal needs like marriage, pay back high interest rate loans and other such features. In simple words the personal loans have become quite hassle free and it doesn’t require in most cases any sort of collateral, guarantor and security deposit. That may seem absurd to hear because thousands of us have sweated ourselves in searching a hassle free personal loan.

But now you need to check the Citibank personal loan. It now offers the best personal loan with ready cash that is actually geared to meet your financial crisis in just 48 hours. The personal loan thus taken helps you to plan a trip to dream destination across the world, payback high interest loan, fulfill goals or just do for what you required the money.

But to get the best personal loans from Citibank or any such back like ICICI or HDFC or other such public sectors one needs to be salaried individuals or self employed professionals. Personal loan up to 15 lakhs is paid within 48 hours or so much time. There are no guarantors required, and the documentation is imple.

There are off course requirement of service charges for such fast and best home loan offers. The repayment of personal loans depends on the amount of money you have taken. However there is one demerit to all personal loans that are available in India – the interest rate is little higher and the time period to repay the loan is little less. It is advised one to compare the rate of interest and terms and condition of personal loan providers before signing a deal for getting the best personal loan.

Which bank provides personal loans at lowest interest rate?

No bank now provide personal loan at lowest interest rate these days.

The co-operative banks can provide the loans at lower interest.

But getting one from them is a bit tedious task. Most of them are run by poltical parties or their agents and only those who are beneficial them will be put through. These are mostly adjustments between them and loans go unpaid and are later categorized and subsidized using funds to help farmers or poor. For outsiders they will ask for a good amount as bribe. There are exceptions though.

While personal loans can provide quick money, it is best to avoid them. Opt for a personal loan only as a last option and only when ALL avenues are closed.

Personal loans are tagged with very high interest rate - almost 12-16% depending upon your eligibility. Perhaps only interest on credit card outstanding amount is charged higher. There are no tax benefits associated with personal loans.

If you must opt for a personal loan check up on a lot of things such as whether pre-payments are chargeable, foreclosure allowed. Many personal loans do not allow such options. Some institutions allow total foreclosure only after penalty payments. Choose one that allows flexibility of payments. If possible foreclose personal loans.

A default on personal loan can hamper your career also. Many companies are profiling candidates. They used to check only the experience and prior companies worked for. Now they are even checking credit history, legal suits (civil as well as criminal), etc.

I agrees with you, the scenario has been changed. It has become so easy to get a personal loan these days . These days there are many financial service providers available in the market that simply you can login to their website and with just one click you can. I oersonally have adviced many of my friends to go for Bajaj Finserv Lending. They have a simple process and hessle free loan settlement with minimum processing fee and NO forecloser charges.

from where i can get easily personal loans

Originally Posted by deepakpatel123

from where i can get easily personal loans

You can check with Bajaj Finserv Lending.

do u have any idea what s the interest rate?

Personal loan interest rates vary from 12% to 16% - all depends upon your profile, current job, prospects, credit rating, etc.

p/s. If you really need a loan, please read:

http://www.indiabroadband.net/invest...posits-fd.html (Loan? Have you considered loan against Fixed Deposits (FD)?)

In my opinion its best avoided. Unless a loan amount you take is going to be used in generating more income then you will be paying back as interest its not worth it. If you are not able to buy something because it is beyond your means I believe you shouldn't buy it by taking a loan just stay put save your money and buy it when you can afford it. For eventualities like medical emergencies have a good insurance to cover it and your new car or a posh bathroom or new furniture can wait till you are ready

thanks guys it ll help to get loans ...