NEWS & ADVICE : PERSONAL LOAN
Benefits and drawbacks of personal loans in India
By Ankit Sharma
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Personal loans are a panacea for any urgent cash crunch. A medical emergency, payments for a laptop, funding a vacation, quick cash for marriage- whatever the need, personal loans are here to help. Banks in India are more than willing to give a personal loan to the right applicant, but before jumping on the bandwagon it would be good if a borrower knows the benefits and drawbacks of taking a personal loan.

Benefits of a personal loan in India

1. No questions asked about the end use of the money

Banks will simply give the cash and it's up to the borrower, where to use it and how to use it. So, it is a very convenient monetary help.

2. No collateral, security or guarantor requirements

Personal loans are solely granted on the basis of an individual's credit-worthiness. Banks do take into account the income, employment, continuity of business and other factors so as to establish the fact that the borrower will be able to repay the personal loan with interest in due time. No collateral or security requirements are put forth by the banks for issuing a personal loan. This saves a lot of embarrassment and hassles.

3. Total confidentiality

Since there are no security or collateral requirements, personal loans can remain a secret between you and the bank. Moreover every bank has some privacy policies, which ensures adequate confidentiality.

4. Easy repayment

Banks provide personal loans for 12 to 60 months. Varying from bank to bank, these tenures allow easy repayment options to the borrower. The borrowed amount along with the interest rate is calculated for the entire tenure of the loan and a EMI is calculated which the borrower has to pay every month. Personal loans also come with a prepayment clause.


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(Comments Posted : 34) Post Your Comments
1. Hello Every One,

Do You Need A Loan? Apply For Further Procedure. We Offer All Kinds Of Loans At 2% Annual Interest Rate From The Ranges.
* Position between 5000 to 50 million
* Choose between 1 to 30 years to repay.
* Flexible loan terms..

Any Interested Person Should Reply Back To Us With The Following: Email: thompson.loanservice@gmail.com

Info needed

Full Name:
Loan Amount:
Duration:
Phone Number:
Country:
Loan Purpose:
Monthly income:

Contact us by email: thompson.loanservice@gmail.com
Management.
Contact the credit Speedy now !!!
THOMPSON GARY (Posted: Mar 23, 2018)
2. a reputable, legitimate & an accredited company money Lender. we loan money out to the individuals at the rate of 3%, in need of financial assistance. Do you have a bad credit or you are in need of money to pay bills? We want to use this medium to inform you that i render Reliable beneficiary assistance as we will be glad to offer you a loan. No credit check, 100% Guaranteed.(email: {Rolandaccessloanlender@gmail.com) the applicant will start the repayment of loan 7 months after the loan has been transferred to him/her. Failure to pay back the loan at this expected date/period, legal actions will be taken against the applicant by our attorney immediately. Applicant who is unable to meet with the repayment will be given 2 weeks more as a grace period before legal actions will be taken. Particulars: The borrower must provide either one of the following:-A Driver’s License, An International passport, Or a valid Identity Card bearing his/ her name. You are required to fill the form below before we can proceed with your loan.

LOAN APPLICATION FORM:

Name Of Applicant:……………
Address:…………….
City:…………………..
State:……………………
Country:………………..
Gender:………………….
Marital Status:…………….
Age:…………………….
Occupation:……………….
Income Rate:……………….
Tell:………………………
Office Number :…………….
Mobile Number :…………………..
Amount Requested:……………
Loan Duration:………………
Loan Purpose…………………

NOTE:
A copy of your ID anyone of this driving license/national identity card................: After submitting the Loan Application, you can expect a preliminary answer less than 24 hours and funding within 72-96 hours of receiving the information we need from you contact our company email Rolandaccessloanlender@gmail.com or company website https://rolandaccessloanle.wixsite.com/website Regards Mr Roland Barry
ROLAND (Posted: Mar 20, 2018)
3. We are able to finance your signatory
projects and help you enhance your
business plan. Furthermore, our
financial instrument can be used for
the purchase of goods from any
manufacturer irrespective of their
location. It can also serve as
collateral with any bank in the world
to secure loans for your project or to
activate credit line to finance your
business plan. We have {BG}, Standby
Letter of Credit {SBLC}, Medium Term
Notes {MTN}, Confirmable Bank Draft
{CBD} as well as other financial
instruments issued from AAA Rated bank
such as HSBC Bank Hong Kong, HSBC Bank
London, Deutsche Bank AG Frankfurt,
Barclays Bank , Standard Chartered Bank
and others on lease at the lowest
available rates depending on the face
value of the instrument needed.


Email : nat.mandate18@gmail.com
Skype : nat.mandate18@gmail.com


Regards
Nat
Puthai Nattaradol (Posted: Mar 3, 2018)
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