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Upon facing a financial issue, getting a quick loan is a natural choice. However, when you are looking for a lender, the question is which lender you should choose. So, if you are looking for a lender, we have made it easy for you. Today, we will check out two reliable banks offering personal loans. They are Punjab National bank and ICICI Bank.
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Kotak Mahindra Bank offers personal loans for customers with a minimum monthly salary of Rs.20,000 at attractive interest rates between 10.50% to 16.99% p.a. Based on their eligibility, customers can avail loans between Rs.50,000 and Rs.15 lakh and choose a tenure subject to a minimum of 1 year and a maximum of 5 years.
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Personal loans up to Rs.10 lakh are available from Punjab National Bank at interest rates as low as 8.95 percent per annum. The maturity period is up to 60 months, and the processing fee is just 1.80% of the total loan sum. However, PNB offers personal loans to help you meet your immediate financial expenses. If you need money to consolidate debt, pay for a child’s wedding, go on an exotic holiday, or something else, Punjab National Bank personal loans offer an attractive interest rate to help you achieve your goals.
Fullerton India offers personal loans for all kinds of consumers to fulfill their financial needs. Fullerton India offers personal loans for both salaried professionals and self-employed individuals. Fullerton India Personal Loan provides flexible eligibility criteria alike, It provides personal loans for applicants aged between 21 years and 60 years, Applicant should have a minimum of one year of labor experience and will be working with the present employer for a minimum of six months.
A personal loan is the loan lent to meet personal specifications. This type of loan can be acquired from a financial organization or other organization lending financial loans and creating a clear contract for installments indicating the monthly payments and due dates for payments.personal loan, you should ensure that you make the payment of installment between the specified schedules or it may quantity to dropping your residence, if you are a defaulter.
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A personal loan has a fixed repayment tenure during which you have to pay monthly repayments named EMIs or Equated Monthly Instalments. A personal loan EMI calculator is a specialised tool with which you can calculate the amount of loan EMIs you have to pay every month.
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With customized personal loan schemes, Fullerton India works with you to realize your dreams and aspirations. For availing of Fullerton India Personal Loan, you must be a resident citizen of India between the ages of 21 and 60 to apply for a personal loan from Fullerton India. Your monthly income should also be at least Rs. 20,000. If you live in Mumbai or Delhi, the amount is increased to 25,000. Your ability to repay is determined by your credit score and existing loans, as well as other factors.