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Tag: personal loans

Get a Personal Loan in Noida in 4 easy steps

Noida is short for New Okhla Industrial Development Authority and is part of the national capital region. It is well connected by rail, road and air. Noida is home to several industries, MNCs and educational institutions like Amity University.

Whether you are planning a dream wedding, taking that pending vacation with family, or clearing your debts, a Personal Loan is a great solution for a quick financial boost. A number of people go for these loans. 

Here’s why: 

  • the ease with which your application is processed
  • minimal documentation
  • quick disbursement of cash into your bank account

Step 1: Fill an online Personal Loan application form

To get started, you are required to apply online for Personal Loan in Noida. Click on the Personal Loan tab, and fill an application form. You can either login with Bajaj Finserv Experia app or social accounts to auto fill the form. Details like your name, mobile number, previous history of loans and address is mandatory. 

Step 2: Mention loan details

After you get an instant approval, type in the loan amount and tenure.

Step 3: Submit documents

Whether you apply for a Personal Loan in Delhi or Personal Loan in Noida, documents remain the same. For identity proof, valid documents like passport, voters ID, driving license and PAN Card is accepted by the lending bank. 

Other documents required for Personal Loan in Noida include salary statement for the last 2 months, passbook entries till date and employment ID card. For proof of residence, you must submit ration card, latest telephone bill, passport or letter from your company. 

Step 4: Cash is disbursed to your account

Once you loan is approved, money will be transferred to your account within 72 hours-the shortest disbursement time taken by any NBFC. 

An alternate option- apply offline

You can call the bank on the toll free number provided, or give a missed call from your registered mobile number.

Personal Loan eligibility in Noida

If you are a salaried professional aged between 25 to 53 years, with a good credit score history, this one’s for you. Make use of the online calculator to know your loan eligibility status.

The minimum salary required for Personal Loan in Noida is Rs.40000

Fees and charges

For loan approvals up to Rs.25 lakhs, a processing fee of 2.25% to 3%of the loan amount is charged. Bajaj Finserv offers Personal Loan at 12.99% onwards, and security fee of Rs.999 has to deposited when you apply online. 

Go through the above mentioned benefits and you will see why several Indians have made Bajaj Finserv a trusted choice. With flexi loan option and the ease with which your loan is processed, you can apply for a Personal Loan in Noida.

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Fund Your Dreams: The Best Place to Get a Personal Loan Online

When you need to get a personal loan, it can feel like an isolating and stressful experience. But the truth is that you are not alone, as personal loans in 2018 amounted to over $120 billion dollars in the United States.

No matter what you need your personal loan for, there is a personal loan for everybody, regardless of your credit or your reasoning behind the loan. Dive into this personal guide to find the best place to get a personal loan.

Best Place to Get a Personal Loan

There are a number of personal loans on the market, with enough out there to cover any need or credit rating. You will find that if your credit score needs some work, you can still get a personal loan.

Sometimes even just looking into small personal loans will help improve your credit score. But if you need a little help with your credit score, learn more about understanding your credit score and how to improve credit ratings before you apply.

Personal loans online are divided into a number of categories, and this is usually dependent on your credit score. You will find that personal loans come with lower interest rates when you have good credit, and with poor credit, the lender takes a higher risk and generally offers a higher interest rate.

Some of the most common personal loans online are from Prosper, Wells Fargo, and Lending Club. These lenders are more useful to those with better than average credit scores.

Types of Personal Loans

For excellent credit, places like Freedom Plus and Earnest offer personal loans as well. Peerform and Avant help those with average credit.

And websites such as OneMain and BadCreditLoans.com are there for those that need help with their credit scores.

Discover the best type of loan for those with poor credit.

The most common reason for getting a loan is to consolidate your high-interest debt, but they can be taken out for anything. Adoption fees, medical bills, house repairs, wedding, car issues, or any sudden need for cash can be your reasoning.

A general rule of thumb is that you are likely to get a higher personal loan when you have good credit. But even average or poor credit can get you a personal loan if you shop in the right place.

Best Personal Loans for Good Credit

The best personal loans if you have good credit are from places such as Lending Club and Wells Fargo. Here you will find lower interest rates and a higher potential for the amount of a personal loan.

Interest rates for those with good credit can be as low as 6.95 percent, but even those with good credit might see a high-interest rate at 35.89 percent. Read the fine print on the applications, as you may pay a fee just for applying.

Even so, with good credit, you could get a loan as high as $40,000 and a term as long as five years to pay it back. Wells Fargo may offer even higher personal loans up to $100,000 if your credit is very good.

Best Personal Loans for Average Credit

If your credit isn’t in the best shape, you will find that you don’t have many options when it comes to personal loans. Or at least, your options are slimmer.

You may not have the option of shopping around for interest rates and may get a smaller loan as a result.

Even so, there are many lenders today willing to help out. They will earn your business through a higher interest rate, making it a win-win for everybody.

Personal loans for average credit can still offer interest rates around 5.99 percent but can go as high as 35 percent.

Places such as Peerform and Avant are known to be extremely helpful in offering personal loans. These personal loans can go as high as $35,000 depending on your exact credit situation and need for a loan.

You are likely to find that there is a small processing fee for the application.

Best Personal Loans for Bad Credit

If you have a credit rating under the 600 mark, you may be considered a risk by lenders. But credit scores are evolving, and the more you work to improve your credit score, the faster it will improve.

Don’t sweat it if you need a personal loan and have bad credit. Websites such as BedCreditLoans.com and One Main can help you.

You won’t necessarily be stuck with a high-interest rate either. Some loans offer interest rates as low as 5.99 percent.

You may not get a high personal loan amount, but it could be a start in the right direction if you are rebuilding your credit.

At One Main, higher personal loan amounts are available for those with bad credit. These can go as high as $30,000, but you may be paying interest as high as 35.99 percent as well.

Before you apply for personal loans online, check your credit rating, and see if there are any errors. Clean that up before you apply.

If your credit score is lower than 600, you may be better off applying for a personal loan.

Do Your Research

Personal loans are a significant component of the economy, comprising 1.5 percent of consumer debt. Personal loans can be used for anything from credit card consolidation to home repairs or even a vacation.

It is estimated that 60 percent of personal loan applicants using the funds for credit card debt. Do your research to prepare yourself for approval before you apply.

There are 19.5 million outstanding personal loans in the United States, totaling billions of dollars. When you are looking for the best place to find a personal loan, know that you are not alone.

There is a personal loan out there for everybody, regardless of need or credit score. Don’t let one denial stop you.

As many as 24 percent of American applicants will receive at least one denial on their quest for the best personal loan. Before you search for the best place to get a personal loan, empower yourself with these 4 tips on reaching your financial goals and dreams.

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Should You Opt for a Personal Loan?

There might be situations in your life when you will need some funds urgently but might not have any in your bank account. At such a time you can ask for some funds from your friend or relatives, but that imposes a lot of restrictions on you. So the next best thing that you can think about is taking a personal loan.

Availing a loan is not as easy as it sounds and there are a few procedures that you need to complete before the bank approves your application for a personal loan. The proceeds that you earn from a personal loan can be used for any reason that you deem fit. The financial institutions or lenders give you the liberty to use the money in whichever way you want.

Here are a few situations when you can opt for a personal loan:

1. When You Want to Consolidate Your Debt:

Having a debt can prove to be a real nightmare if you do not have any money to pay off the debt. In the modern world, swiping a card has given us the power to spend the money which we actually do not have. But while swiping our cards, what we do not consider is that we eventually have to repay this money to the financial institutions or lender.

Repaying this debt can put you through a tough time as the rate of interest that you have to pay is quite high. But instead of paying a higher rate of interest you can opt for a personal loan and pay off all the debt that you have. The advantage of taking a personal loan is that it offers a lower rate of interest comparatively and you will be able to pay off all the debt in one go.

2. When You Want to Explore New Place:

Traveling to new places has and exploring them has become very popular these days. With this rising popularity, there comes a rise in the local market which makes everything very costly. And you cannot always the funds to pay for all of this.

In such a situation, you can opt for taking a personal loan. A personal loan can help you pay for all the things included in the trip right from the charges for the hotel stay, the food, the sight-seeing and it will even pay for your tickets to the destination.

3. When You Have a Medical Emergency:

Most medical conditions come unannounced and you never know when you will be needing funds to pay for all the medical bills. When you have to face a medical emergency it becomes very difficult to deal with the financial situation as well. It becomes very difficult to cough up a huge amount of money in a short span of time and in such a situation, you can always opt for a personal loan.

4. When You Want to Change Things Around Your Home:

Taking a personal loan to change a few things around you is the smarter thing to do as home improvements can cost quite a lot. The expenses for home improvements will increase if you an old home and you want to renovate it completely. Since you can use the proceeds of a personal loan for any reason, you can use the same for making any major changes around your house.

A personal loan is a serious financial decision and it is not to be taken lightly. Taking a personal loan will affect your monthly finances until you pay off all the debt. You will have to pay Equated Monthly Installments (EMIs) until you are cleared of your debt and that will have a huge impact on your monthly income and expenses.

Also Read: A Handy Guide To Personal Loan

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