Get a loan to meet your any personal need
By Vaibhav Aggarwal
Print    Email    RSS   

Watch payments on your personal loans

Personal loans are short term loans and are repayable over a period of 12 to 60 months. These loans are generally not extended for period beyond five years.

As with other loans, you can pay back these loans via simple EMIs. However, the EMIs you pay include a high interest (and hence, effective rate of personal loans is high). Be vary of the basis for interest rates and it is recommended that you opt for reducing balance rates. You must check rates with different banks and negotiate on offered rates to get lowest rates possible.

The prepayment fee on these loans is very high - check out for same when deciding to borrow to meet your short-term needs. It is advisable that you understand the stated terms and conditions before accepting the ‘loans offer'! Check if there are another additional charges or specific penalties.

An alternative to these loans are credit cards. However, the rates of interest on these credit card advances are comparatively very high, where interest can go up to 35 percent for rollover credit.

Irrespective of the fact that personal loans can be taken for fulfilling any personal need or desire, you must borrow only when in dire need. If these loans are not appropriately used and repaid, they increase your overall debt burden. Hence it is must that your prudently decide on your borrowings to ensure future financial stability.


Page    | 12 |
(Comments Posted : 511) Post Your Comments
1. Get rich today and take the risk of transforming your own life.Try and get an ATM card blank today (CLIFFORD JACKSON) of and be among the lucky ones who are benefiting from this card. This ATM card in white set is capable of hacking into any ATM anywhere in the world. I have to know about this ATM card when I was looking for work online about a month ago..It has really changed my life forever and now I can say I'm rich because I am a living testimony. The less money I get in a day with this card is $ 8,000.Every now and then keep pumping money into my account. Although illegal, there is no risk of being caught, as it is programmed so that it can not track, but also has a technique that makes it impossible for the CCTV to detect you..For details on how to get yours today, email hackers:
María José (Posted: May 30, 2018)
2. Ofrecemos Préstamos Privados, Comerciales y Personales con tasas de interés anuales mínimas tan bajas como el 3%. Otorgamos préstamos dentro del rango de $ 1,000.00 a $ 500,000.00. Si está interesado, respondame ahora. Contáctenos en whatsapp +1(214)305-8945, correo electrónico:
MR WILLIAMS (Posted: May 29, 2018)
3. Do you need Finance?
Are you looking for Finance?
Are you looking for a money to enlarge your business?
We help individuals and companies to obtain loan for business
expanding and to setup a new business ranging any amount. Get a loan at affordable interest rate of 3%, Do you need this cash/loan for business and to clear your bills? Then send us an email now for more information contact us now via
max william (Posted: May 26, 2018)
Show All Comments
 Select a product:

 Select a product:

12 point conduct checklist for bank and...
BPLR or Base rate?? Which is better…?
Managing and emerging out of institutional...
Some admissible deductions under Income...
Loan against Securities: A viable...

We offer financing without delay. Interested should...
HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive