Services Offers
A personal loan is a collateral-free credit facility extended by Banks and NBFCs to salaried individuals. IndiaLends is the largest online personal loan provider in the country, having helped over a hundred and fifty thousand customers. Over 40 Banks and NBFCs have tied-up with IndiaLends to provide personal loans to varying customer profiles. Below, we've mentioned some of the key features of an easy personal loan you can get through IndiaLends.
Interest rates can vary based on the customer profile. Loan rates start at about 10.75%. To increase your chances of getting a low- interest rate loan, an individual should have a good credit history. Ideally, a CIBIL score greater than 750 is considered a good score.
The tenure period of a Personal Loan starts from 3 months and goes all the way up to 6 years. The choice of tenure is usually left up to the borrower. Depending on his need â&euro&ldquo short-term or long-term - borrower can ask for a tenure that suits his needs. The only thing to keep in mind is that the EMI Equated Monthly Instalment should be an amount which you can pay back easily every month.
Before disbursing the loan, financial institutions usually ask for documents like ID proof, address proof, PAN card copy, salary slips, latest bank statements, photo, ECS mandates and post-dated cheques.
Some NBFCs allow customers to either entirely pay the loan amount or part pre-pay the principal on the loan. There are usually some terms and conditions attached to such pre-payment. For example, pre-payment is only allowed after 12 months and pre- payment fee might be charged on the amount being repaid. However, this varies from product to product and should be clarified at from your lender before disbursal.
A personal loan is a collateral-free credit facility extended by Banks and NBFCs to salaried individuals. IndiaLends is the largest online personal loan provider in the country, having helped over a hundred and fifty thousand customers. Over 40 Banks and NBFCs have tied-up with IndiaLends to provide personal loans to varying customer profiles. Below, we've mentioned some of the key features of an easy personal loan you can get through IndiaLends.
Interest rates can vary based on the customer profile. Loan rates start at about 10.75%. To increase your chances of getting a low- interest rate loan, an individual should have a good credit history. Ideally, a CIBIL score greater than 750 is considered a good score.
The tenure period of a Personal Loan starts from 3 months and goes all the way up to 6 years. The choice of tenure is usually left up to the borrower. Depending on his need â&euro&ldquo short-term or long-term - borrower can ask for a tenure that suits his needs. The only thing to keep in mind is that the EMI Equated Monthly Instalment should be an amount which you can pay back easily every month.
Before disbursing the loan, financial institutions usually ask for documents like ID proof, address proof, PAN card copy, salary slips, latest bank statements, photo, ECS mandates and post-dated cheques.
Some NBFCs allow customers to either entirely pay the loan amount or part pre-pay the principal on the loan. There are usually some terms and conditions attached to such pre-payment. For example, pre-payment is only allowed after 12 months and pre- payment fee might be charged on the amount being repaid. However, this varies from product to product and should be clarified at from your lender before disbursal.
