Personal loans are unsecured loans given by most major banks and financial institutions like SBI
|Interest Rates||15.00% - 20.00%|
|Repayment||Upto 5 Years|
|Max. Loan||15 Lakh|
|Part Payment Charges||Nil|
|Processing Fees||1.50% - 2.00% + ST|
All loans are not created equal, personal loan has become a great option for people to use.
Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a personal loan.Years in business: Minimum of 3 years in current business and 5 years total business experience Minimum Annual Income (ITR): Rs. 1.5 Lakhs p.a.
EX: SALARY 50000 BELOW INTRST 16.5% SALARY 50000 ABOVE INTRAST 13.5% TAKEOVER LOAN 11.69%
EX: SALARY ABOVE. 20000*18 Ex: 1 Lakh processing fee:1.25 to 2.5 Incurence
Min.- Max age: 21 - 65 yrs.
The person must have a monthly income of govt Rs.20,000,pvt 25000 or more
50000 to 20lak
12 to 60months