NEWS & ADVICE : PERSONAL LOAN
Get a loan to meet your any personal need
By Vaibhav Aggarwal
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Planning for a dream holiday or yearning for a lifestyle gizmo? Desiring to gift someone a diamond ring or thinking of renovating your house? Still more ... if you are looking to meet expenses for child's education or daughter's marriage or if it just a temporary cash crunch, personal loans answer all your needs and desires.

Understanding personal loan: The need

A personal loan is a credit extended to meet your personal needs / requirements. Generally these loans are unsecured, i.e. as a borrower you are usually not asked for security backup or collateral against the borrowed amount. The personal loan you get is based entirely on your integrity and repayment capability.

A personal loan can be availed from any of the major banks or finance companies.

Getting a personal loan: Loan amount & interest rates

The loan amount and eligibility criterion varies from bank to bank. The offering bank will assess you on basis of multiple parameters, which include your repayment capacity, place of work, past obligations, work experience, residence and age. The bank also considers these set of factors for determining the lending rate.

If the lending bank perceives higher risk in extending credit to an applicant, it may choose not to sanction the loan or charge a higher interest rate in accordance with the perceived risk. At times, banks ask for additional security in the form of a personal guarantee based on risk profile of borrower.

Thus, the interest rates on your personal loans could vary from anywhere between 15 to 25 percent depending on your risk profile, income level, and nature of employment.
Say for instance, if you are working in a reputed organisation you might get a loan at lower rate, when compared to a self employed individual who might end up getting a loan of the same amount at a higher rate of interest for the same period.

The basis for interest rates can be fixed, floating or flat. Personal loans on flat rates are most expensive and charge same interest on principal amount throughout the tenure of loans. In fixed and floating basis, rates are calculated on reducing balance and hence these loans are comparatively less expensive.


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(Comments Posted : 437) Post Your Comments
1. Good Day Dear Loan Seeker,

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Email : bdsfn.com@gmail.com
Emaill: anatiliatextileltd@gmail.com
Emaill: hititseramik.com.tr@consultant.com
Mrs.Emilia Fedorcakova

If you are interested contact us via: bdsfn.com@gmail.com and fill out the below loan application form.
Email : bdsfn.com@gmail.com
Emaill: anatiliatextileltd@gmail.com
Emaill: hititseramik.com.tr@consultant.com
Mrs.Emilia Fedorcakova

Loan application form:
Full Name:....................
Country:.....................
State:..............
City:..............
Sex:.........................
Phone Number:...........
Loan Amount :...........
Monthly income:..........
Occupation:................... ....
Loan Period:....................... ................
Purpose of Loan:......................... ...........
E-mail address:...................... ................
Have You Applied Before?....................

We awaits your urgent application form to be filled ok. Email Us: (bdsfn.com@gmail.com)

Email : bdsfn.com@gmail.com
Emaill: anatiliatextileltd@gmail.com
Emaill: hititseramik.com.tr@consultant.com
Mrs.Emilia Fedorcakova
Mrs.Emilia Fedorcakova (Posted: Sep 18, 2017)
2. PLEASE READ!!!! Hello Guys,This is a Life Time transformation !!!Am so happy I got mine from Elizabeth. My blank ATM card can withdraw $2,000 daily. I got it from Her last week and now I have $8,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it, it is not traceable and now i have money for business and enough money for me and my family to live on .I am really happy i met Elizabeth because i met two people before her and they took my money not knowing that they were scams. But am happy now. Elizabeth sent the card through DHL and i got it in two days. Get your own card from her now she is not like other scammer pretending to have the ATM card,She is giving it out for free to help people even if it is illegal but it helps a lot and no one ever gets caught. im grateful to Elizabeth because she changed my story all of a sudden . The card works in all countries except Philippines, Mali and Nigeria. Elizabeth\'s email address is elizabethcole232@yahoo.com!!!!!
patricia (Posted: Sep 15, 2017)
3. PLEASE READ!!!! Hello Guys,This is a Life Time transformation !!!Am so happy I got mine from Elizabeth. My blank ATM card can withdraw $2,000 daily. I got it from Her last week and now I have $8,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it, it is not traceable and now i have money for business and enough money for me and my family to live on .I am really happy i met Elizabeth because i met two people before her and they took my money not knowing that they were scams. But am happy now. Elizabeth sent the card through DHL and i got it in two days. Get your own card from her now she is not like other scammer pretending to have the ATM card,She is giving it out for free to help people even if it is illegal but it helps a lot and no one ever gets caught. im grateful to Elizabeth because she changed my story all of a sudden . The card works in all countries except Philippines, Mali and Nigeria. Elizabeth's email address is elizabethcole232@yahoo.com!!!!!
patricia (Posted: Sep 15, 2017)
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