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What is Personal Loan? Want some money for personal purposes, overdue credit card payments, dream tours, shopping or marriage. This kind of cash can be obtained easily via Personal Loans. On our site you can compare interest rates and EMI options. The loan amount can range from Rs. 50,000 to Rs. 20 lakhs and the time period of repayment of loan can be from 1year to 5 years. About personal loan A personal loan is a limited time loan to help you with your financial problems. These fast personal loans are provided without any security. . These quick personal loans are becoming increasingly handy these days, and are the main way to get financial help, it is a debt which is made for personal, family, or household purposes, and which is not a business loan or a loan against property. Personal Loan is an unsecured loan for any personal use which is provided without any security, or collateral. The loan amount can be anywhere between Rs. 50,000 to Rs. 20 lakhs , and the time period of repayment of loan can be from 1year to 5 years. Personal Loan Interest rates In India Personal loan current Interest rates depend on many factors, one is the income of concerned person. Different banks have different factors according to which interest rates are calculated. First factor is whether you are salaried person or you are self – employed. The factors which determine the Personal Loan interest rates are: - • Income status • For self-employed persons their Company Status • Credit and Payment history. • Relationship with the Bank person intends to take loan from. • Person's Negotiating Ability. Interest rates charged on personal loans may vary across different banks. There are mainly three kinds of interest rates: • Fixed interest rate • Floating interest rate • Flat rate Among these rates, flat rates are the most expensive compared to other cases. Personal Loan Documents Required Documents required by various financial institutions from government servants, private company's salaried personals, corporate employees to process the loan application are:- • Valid identity proof • Valid residence proof • Valid age proof • Valid signature proof • Valid Income proof • Loan Application letter with recent photographs • Post dated cheques (pdc) • Valid business continuity proof (I.T. returns or bank certificates) • Guarantors and the same set of their documents For self-employed persons banks require • Balance sheets • Profit & loss account • Partnership deed & • Other mandatory documents etc Apply for Personal Loan Applying for a personal loan? Contact us for a hassle free personal loan with best interest rates and best deals available in the market. Send your details to info@loanncr.com or apply online at Loanncr.com and see your dreams come true. You can also get more knowledge about personal loans through personal loan blogs. For Apply Loan visit http://www.loanncr.com
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Personal Loan – Compare Personal loans online, Best Personal loan interest rates and EMI from all major banks such as SBI, HDFC Bank, Barclays Finance,
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