NEWS & ADVICE : PERSONAL LOAN
Personal loan: Lender of the last resort
By Vaibhav Aggarwal
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Personal loans are an answer to all our big financial problems. If you want an additional to the house, buy a new car, take a vacation or even consolidate your credit cards dues, personal loan is the best option you can rely upon.

These loans can be easily availed from a number of financial companies both at easy interest rates as well as flexible terms and conditions. However the rates and conditions differ from company to company. But there are some common conditions that almost every bank or a financial company follows. To number a few of them are:

1.One must have a creditors proof stating about a steady job, including past paychecks.
2.Personal loans are offered from Rs 20,000 upto Rs 20 lakhs.
3.Special personal loan schemes for Doctors, Chartered Accountants, Engineers, Architects, CS & ICWA.
4.No requirement of a Guarantor or Collateral to avail a personal loan.
5.One can get a personal loan both at a fixed or a floating rate.
6.One needs to have a bank account to get a personal loan.
7.There are easy EMI options for repayment and also the loan tenure can vary from a period of 12 to 60 months.

Although one can avail a personal loan easily from any financial institution but it is important to look at the terms and conditions and make sure you are not paying more than you bargained for due to interest rates and loan fees on the amount of money that you borrow. However some companies also place limits on how much you can avail and what type of bank account you have in order to secure a personal loan. So keep in mind that a minimum income may be necessary.

Also there are two categories- secured and unsecured- under which a bank or a financial company extends a personal loan.

Secured personal loans can be availed against a home or any other residential property that is kept with the lender as a security. These loans are offered at low interest rates because a lower risk is associated with them. The risk involvement is low due to the security which can be seized by the financial company in case the borrower default to repay. Mostly these loans are given to the home-owners as property is considered the best form of security.

On the other hand, there are unsecured personal loans, which can be availed by a borrower without keeping any security with the bank. The interest rate charged under this category is much higher as compared to the secured personal loans category because the risk involved is higher in such a case. This kind of a loan is beneficial for a borrower who has a poor credit rating and generally faces problems while getting his loan approved.


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(Comments Posted : 44) Post Your Comments
1. HOW EDWARD LOAN COMPANY GRANTED ME A BUSINESS LOAN!!!
Hello everyone, I am Oliver Johnson Moore from Zurich Switzerland and want to use this medium to express gratitude to EDWARD JONES for fulfilling his promise by granting me a loan, i was stuck in a financial situation and needed to refinance and pay my bills as well as start up a Business. I tried seeking for loans from various loan firms both private and corporate organisations but never succeeded and most banks declined my credit request. But as God would have it, i was introduced by a friend named Lisa Rice to EDWARD JONES LOAN COMPANY and undergone the due process of obtaining a loan from the company, to my greatest surprise within 28hrs just like my friend Lisa, i was also granted a loan of $387,000.00; So my advise to everyone who desires a loan, "if you must contact any firm with reference to securing a loan online with low interest rate of 2% and better repayment plans/schedule, please contact EDWARD JONES LOAN COMPANY. Besides, he doesn't know that am doing this but due to the joy in me, i'm so happy and wish to let people know more about this great company whom truly give out loans, it is my prayer that GOD should bless them more as they put smiles on peoples faces. You can contact them via email on {Jonesloanfinance@yahoo.com} or Text +1(307) 241-3712
Oliver Johnson Moore (Posted: Apr 3, 2017)
2. "HOW SIR BERRY LOAN COMPANY GRANTED ME A BUSINESS LOAN!!!: EMAIL, ( bnunoloans@yahoo.com ) GRANTED ME A BUSINESS LOAN!!!

Hello everyone, I am Oliver Johnson Moore from Zurich Switzerland and want to use this medium to express gratitude to SIR BERRY for fulfilling his promise by granting me a loan, i was stuck in a financial situation and needed to refinance and pay my bills as well as start up a Business. I tried seeking for loans from various loan firms both private and corporate organizations but never succeeded and most banks declined my credit request. But as God would have it, i was introduced by a friend named Lisa Rice to SIR BERRY LOAN COMPANY and undergone the due process of obtaining a loan from the company, to my greatest surprise within 28hrs just like my friend Lisa, i was also granted a loan of $387,000.00; So my advise to everyone who desires a loan, "if you must contact any firm with reference to securing a loan online with low interest rate of 2% and better repayment plans/schedule, please contact SIR BERRY LOAN COMPANY. Besides, he doesn't know that am doing this but due to the joy in me, i'm so happy and wish to let people know more about this great company whom truly give out loans, it is my prayer that GOD should bless them more as they put smiles on peoples faces. You can contact them via email on { bnunoloans@yahoo.com }

They offer all kind of categories of loan they
Short term loan ( 5_10 years)
Long term loan ( 20_40 )
Media term loan( 10_20 )
They offer loan like
Home loan............., Business loan........ Debt loan .......
Student loan..........,Business start up loan
Business loan....... , Company loan.............. etc
Email..........( bnunoloans@yahoo.com )
sir berry (Posted: Mar 24, 2017)
3. Hi everyone out there. I am scott lens, i live in New york, USA. I wish to know if there is anyone out there tired of finding a legit loan lender/company to help you with a loan at a low rate of 3%. Sir bill Gate Loan home is the best place for you to get that loan you have be seeking for, i recently got a business loan of $100,000 from them and i must confess that the process was so easy after be scammed of $1,210 from various people who claims to be real lenders. An old friend of mine gave me their email billloanscompany@yahoo.com after i explained to him how i got scammed, he said he once got a loan from them and i should email them and say that i was directed by him (Adams Owen). so i did and to my surprise i got an alert from my bank with the depositor's as Sir bill Loan Home {billloanscompany@gmail.com}. It's all real and simple so i advice everyone in need of financial assistance to contact them today without any delay and get your problems solved. Email them via: billloanscompany@gmail.com, Hope they welcomes you...
sir bill (Posted: Mar 24, 2017)
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