Lower Bajaj Finserv Personal Loan Interest Rate can Reduce your EMI

The requirement of money can arise anytime and in such circumstances one credit facility that you can avail in the shortest time possible is personal loan. It is a type of unsecured loan that is quickly disbursed without much difficulty. Since, it is an unsecured loan it is believed that the interest rate on this loan product will be high. Yes, it is true the rate on this credit is higher in comparison to other secured loan. But you can lower the repayment cost  by comparing the lending rates of various banks and financial institutes.

The rate of interest decides how much interest you will be paying on the amount availed. Bajaj Finserv Personal Loan interest rate depends on the loan amount, tenure and repayment capacity of the individual. The rates also depend on the source of income as well.

The loan proposed by the bank can be consumed for financing any of the personal needs, such as for the wedding of children, expansion of business, medical emergency, to travel or for higher education. The company helps people in need by providing the required amount of finance. However, the loan is provided to the eligible candidates. The eligibility norms as prescribed by the bank are:

  • Only the salaried individual can avail the benefit of PL
  • The minimum age of the applicant should be 25 years but should be more than 53 years
  • The applicants living in Ahmedabad, Bangalore, Chennai, Coimbatore, Delhi, Faridabad, Ghaziabad, Gurgaon, Hyderabad, Kolkata, Mumbai, Noida, Pune, Surat and Thane must earn a minimum salary of Rs. 40,000 per month.
  • For the citizens living in Chandigarh, Cochin, Jaipur and Nagpur the minimum net salary should be Rs. 35,000.
  • The loan applicants residing in Aurangabad, Baroda, Bhubaneswar, Indore, Madurai, Mysore, Nasik, Trivandrum, Vijayawada and Vizag must earn a minimum monthly salary of Rs. 30,000.

To avail the benefit Personal loan the candidate has to apply on the company’s official website. Or even by visiting the nearest office branch you can apply for the loan. You need to fill the application form. The form comprises of following sections:

  • Personal Details
  • Income Details
  • Loan Details ( amount, tenure and repayment period)

With the application form you need to submit the following documents.

Proof of Identity – Passport / Voters ID card / Driving license / PAN card

Proof of Residence – Passport / Driving license / Ration card / Latest mobile bill / Letter from employer (with HR / Admin sign)

Employment Proof – Employee ID card

Income Proof – Salary slips of last 2 months

Bank Statements – Salary account bank statement of the last 3 months

The loan application if approved will be credited to your account. You can utilise the amount as per your wish. It also, provides multiple options to repay the loan. The product is uniquely designed to help people and let them fulfill their wishes and desires. The company aims at delivering the best and providing the quality service to the customers.

The Bajaj Finserv Personal Loan Interest Rate are also competitive. It offers the best pricing and let you accomplish your goals. The features that make it all the way more reliable are provided below:

Features of Bajaj Finserv Personal Loan

  • Instant online loan approval – The online application is instantly approved and the documents are collected from the house of the applicant.
  • Amount disbursed within 72 hours – After approval, the loan is disbursed within 3 days and the amount is credited to the account of the applicant.
  • Get loans up to Rs. 25 lakhs – The applicant can avail the loan of up to Rs. 25 lakhs as per his/her eligibility.
  • Flexible loan tenure – The loan can be repaid during the tenure ranging from 24 months to 60 months.

AXIS Bank Personal Loan Interest Rate: Dreaming made easier!

personal loan

AXIS Bank Personal Loan Interest Rate is one of the best features of AXIS Bank Personal Loan that urges the applicants to go for this product. AXIS Bank is one of the most reputed and consumer-friendly banks in the country. Widely appreciated for its ace service quality and well planned products, the bank offers the lowest interest rates in the segment along with unparalleled benefits to its customers. Know more about this product down below!

AXIS Bank Personal Loan Apply

AXIS Bank Personal Loan Application involves knowing about the features and benefits of the product and knowing your eligibility to avail it.

AXIS Bank Personal Loan Features: AXIS Bank Personal Loan bears unmatched features and benefits which make it stand out. Take a look!

  • Credit amount of your choice- You can choose your credit amount ranging from ₹ 50,000 to ₹ 15,00,00.
  • Tenure of your choice- You can ease down your EMIs by choosing your loan tenure ranging from 1 year to 5 year.
  • Calculate your EMIs conveniently- You can calculate your EMIs before going forward with the loan using the AXIS Bank EMI Calculator.
  • Best Interest Rates- Enjoy the best interest rates starting from 15.5%.
  • Transfer of existing loans- You can also transfer your existing loans to AXIS Bank Loan to avail better rates and facilities.
  • Hassle-free loan application- Avail the credit facility in a jiffy without any hassles.
  • AXIS eDGE Reward Points- Enjoy the AXIS eDGE Rewards Points on loan disbursal.

AXIS Bank Personal Loan Eligibility: AXIS Bank Personal Loan Eligibility Criteria is as follows:

Nature of Profession- The applicant can be a salaried professional, including salaried doctors, employees of private limited companies, employees of public limited companies and employees of government sector, public sector undertakings and central and local bodies.

Age Limit- The applicant must fit-in the age limit criteria which is 21 years to 60 years.

Minimum Monthly Income- The applicant must make a minimum monthly income of about ₹ 15,000.

AXIS Bank Personal Loan Interest Rate 2017

AXIS Bank Personal Loan Interest Rate for the year 2017 are as follows:

  • Rate of Interest- 15.50% to 24%
  • Processing Fee- 1.5% to 2.0%, along with applicable Service Tax
  • Prepayment or Foreclosure Charges- None
  • Cheque Bounce Charges- ₹ 500 for every cheque bounce along with Service Tax
  • Default Interest Rate- 24% per annum i.e. 2% per month on the overdue installment

AXIS Bank Loan Calculator

AXIS Bank Loan Calculator helps the applicant get a fair idea of what the credit amount and monthly installments are going to look like after the loan is approved and processed. The bank provides for two types of calculators- AXIS Bank Eligibility Calculator and AXIS Bank EMI Calculator. The AXIS Bank Eligibility Calculator makes it easier for the applicant to determine his/her eligibility for the loan application. The bank has some pre-set conditions and criteria for judging the apt applicants. By feeding in your basic details in this tool you can easily gauge your eligibility for the credit facility. The AXIS Bank Personal Loan EMI Calculator gives you a clear picture of the monthly installments that you will have to pay toward repayment of the credit. As calculation of EMIs could be a very tedious task, this device makes it easier for the applicant to ascertain the amount of the monthly installments. All you need to do is, feed in the key details of your loan such as the loan amount, the rate f interest offered by the bank and the total loan tenure. The tool will automatically churn out the monthly installment amount in almost no time. AXIS Bank Loan Calculators play a crucial role when it comes to applying for a loan as such crdit facilities are a long term commitment and should be finalised after thorough thinking.

AXIS Bank Personal Loan Login

AXIS Bank Personal Loan Login is the facility provided by the bank to all its valued customers. While applying for the AXIS Bank Personal Loan, each of the applicants is provided with a unique Login ID which allows them an access to their Personal Loan Account. This Login helps them stay in touch with the constant progress in the loan and the scheduled EMI deductions. This facility is a highly appreciated step taken by AXIS Bank towards increasing the convenience of its customers and presenting to  them an ultimate banking experience.

AXIS Bank Personal Loan Customer Care

AXIS Bank Personal Loan Customer Care division can be contacted through various channels to clear out the doubts and queries regarding the product. You can easily get the AXIS Bank Personal Loan Contact Number on the official website of the bank. Alternatively, you can request a call back from the bank by putting forward a request on the official website of the bank. Also, you can visit the nearest AXIS Bank Branch for all your grievances during the working hours and on any working day.

Know the contribution of Kisan Credit Card in Agriculture Sector

Kisan Credit Card is a pioneering initiative to provide timely and assured credit facility to the farmers. Via this credit delivery innovation, the farmers are provided with credit card and a passbook or a credit card cum passbook carrying all the key details of the applicant such as their name, address, details of land holding, validity, borrowing period and much more. Kisan Credit Card is a simple and flexible process that takes care of the short-term, medium-term and long term financial needs of those who are engaged in agriculture and allied activities. Know more about this highly beneficial initiative down below!

Brief history of Kisan Credit Card

The idea of the Kisan Credit Card Scheme was initiated in the Budget Speech of the year 1998-1999 by Mr. Yashwant Sinha, the then Finance Minister. As per the speech, NABARD was to formulate a model scheme for the issuance of KCC Scheme to those associated with agriculture and allied activities on the basis of their land holding. This initiative was to allow the farmers an unhindered access to financial aid for the purchase of agricultural inputs such as seeds, pesticides and the likes. This scheme was expected to take care of the production needs of the farmers. After the formulation of Model Kisan Credit Card Scheme by NABARD, the scheme was circulated to commercial banks by the RBI and to cooperative banks by NABARD.   

Features of Kisan Credit Card

The major features of KCC are:

  • The eligibility criteria for this scheme includes marginal farmers, share croppers and tenants.
  • With This scheme, the process of screening and credit delivery gets simplified. This is an excellent initiative for the farmers who are not aware of banking facilities and financial aids that they can avail.
  • It involves simple and one-time  documentation. The subsequent documentation is done on various criteria such as the declaration of the farmer for crops to be raised and the likes.
  • The credit limit for each applicant differs under this scheme and is based on the land holding, credit history and income of the farmer.
  • It offers quick, accurate and on-time credit facility to the farmers.
  • This scheme provides the applicants with flexible repayment options and allows rescheduling of repayments if the need be.
  • This financial facility can be used to withdraw cash and take loans as well.
  • It also provides for an insurance coverage to the applicants.
  • This scheme takes care of all financial needs of the farmers pertaining to the agricultural practices and requirements.

Benefits of Kisan Credit Card

Below are listed some of the major benefits of KCC.

  • The scheme bears easy and convenient disbursement procedures.
  • The facility assures on-time and assured credit availability to the applicants.
  • Wards off any rigidity regarding cash and/ or kind.
  • The facility can be availed at once for multiple crops.
  • The scheme provides credit assurance at anytime.
  • Bears lower interest rates than any other credit facility.
  • The utilisation of credit amount rests to the will and wish of the applicant.
  • The applicants can avail the credit facility for up to 3 years.
  • The scheme allows maximum credit facility based on an agricultural income.
  • The applicants can withdraw without any restrictions within the credit limit.
  • The applicants need not worry about the repayment of the loan until the harvest is done.
  • The applicants can withdraw cash, procure inputs and use the credit amount for agricultural and production purposes.

Eligibility for Kisan Credit Card

The following eligibility criteria is preferred by the banks before the issuance of KCC.

  • The applicant must be associated with agricultural and allied activities. The facility can be extended irrespective of the fact whether the applicant is an individual or a joint borrower who is an owner cultivator.
  • Tenant farmers, oral lessees and share croppers are also eligible for this scheme.  
  • Farmers belonging to SHGs and Joint Liability Groups can also make use of this scheme.

Documents required for Kisan Credit Card

The following documents would be required in order to avail the Kisan Credit Card:

  • Completely filled application form
  • Proof of Identity
  • Proof or Residence

Documents such as Voter ID, PAN Card, Driver’s License, Aadhar Card and Passport can be used as a proof of identity and/ or residence.

Fixation of credit limit

The credit limit is determined as per the need and financial capability of the farmers.

  • For Marginal Farmers: For Marginal Farmers, a flexible credit ranging from ₹ 10,000 to ₹ 50,000 can be provided as a Flexi KCC. The determination of this credit facility would depend upon landholding, choice of crops, post harvest storage needs, farm expenses, consumption needs and much more.
  • For farmers other than marginal farmers: For farmers other than marginal farmers, the credit limit available is as follows:
    • Short Term Limit for 1 year
    • Credit Limit for Second and subsequent years
  • Term Loans: term Loans are usually availed for purpose of land development, minor irrigation, purchase of farm equipments and other agricultural activities. This loan facility is ascertained based on the unit cost of the proposed assets that are to be acquired by the farmer, the ongoing allied activities on the farm, repayment capacity of the farmer and total loan on the farmer.

Validity and Renewal Policy of Kisan Credit Card

The validity period and renewal policy rests at the discretion of the banks who offer the facility and may differ accordingly. The extension and rescheduling of the repayment period on account of a natural calamity or a bad crop would take place along with the extended amount of limit. In case the proposed extension period is more than one crop season, the cumulated debits are to be transferred to a separate term loan account with repayment to be divided into installments.

Make way for your dream home with an easy HDFC Home Loan Eligibility

hdfc home loan

HDFC Home Loan Eligibility is one of the most relaxed amongst all the other products in the segment. Having a home of your own is one of the most peaceful and unmatched feelings. Many of us work towards this most treasured dream patiently and tirelessly. However, considering the current inflation rate, it is going to be very difficult for a majority of us to call a house our home. The HDFC Bank lends a helping hand to give spine to your dreams. HDFC Home Loan is not only affordable but reasonably priced. Having helped countless people in buying a home of their own, HDFC Home Loan is one of the leading products in the industry. Know more about how you can fit in the eligibility criteria set by the bank!

HDFC Home Loan Eligibility

HDFC Home Loan Eligibility considers a number of important details of the applicant to judge their capability to avail the HDFC Home Loan and their capacity to repay. Factors such as age limit, nature of profession, monthly income, nationality and credit score are the basic factors that play a vital role in the determination of one’s eligibility. The applicant must belong to the assigned age limit for successful credit application. The bar for monthly income is decided as per the nature of profession of the applicant. It is prescribed for the applicant to bear the nationality of India and have a considerably good credit score. It is of immense importance for the applicant to have an excellent credit score and not have any financial default history. Considering these basic details, HDFC draws out the parameters for the potential applicants.

HDFC Home Loan Interest Rates

HDFC Home Loan Interest Rates are determined after much thought and consideration. The rate of interest for HDFC Home Loan ranges from 8.65% to 9.25%. For a credit facility up to ₹ 75 Lakhs, the interest rate ranges between 8.70% to 9.20%. However, the interest rate for the credit amount of more than ₹ 75 Lakhs sways between 8.75% to 9.25%.

Apart from this arte, female applicants are given the credit facility at a special rate. The interest rate for female applicants for an amount up to ₹ 75 Lakhs is 8.65% to 9.15% and for the amount above ₹ 75 Lakhs is between 8.70% to 9.20%.

HDFC Calculators

HDFC provides for four different types of calculators on their official website to ease out the process of credit application for its esteemed customers. Take a look!

HDFC EMI Calculator: The HDFC EMI Calculator makes it easier for the applicant to gauge the estimated EMIs that they would have to pay towards the repayment of the credit amount. This tool functions by simply taking in the basic details of your loan such as the loan amount, the rate of interest offered by the bank and the total loan tenure. By making calculations based on these details, the Home loan EMI calculator would simply churn out the amount of your monthly installment. This gives a fair idea to the applicant about how much they would have to shell out every month in order to repay the credit. The best feature of this tool is that you can go on doing these calculations endlessly as all you need to do is punch in the details and keep changing them until you are done. This tool not only saves a lot of time but is also a convenient way to make such cumbersome calculations.

HDFC Eligibility Calculator: HDFC Eligibility Calculator is a highly beneficial tool that calculates your eligibility for availing the HDFC Home Loan. To gauge your eligibility to avail the loan all you need to do is, feed in your details such as age, monthly income, nature of profession and the likes and calculate your eligibility. The best feature of this tool is that it takes almost no time to calculate your eligibility and considers every aspect that is relevant to apply for the credit.

HDFC Home Affordability Calculator: HDFC Home Affordability Calculator is a one-of-its-kind tool that is provided by the bank to its customers.This tool lets you get a clear picture of your finances- the ones that you have at your disposal and the ones that you can arrange. It helps you get a better idea of your eligibility for the loan. Using this tool you can save your time on considering irrelevant property deals and invest your time and effort on conveniently affordable property deals. Using the HDFC Home Affordability Calculator will keep you better informed about your financial position and will help you plan out your investment.  

HDFC Home Loan Customer Care
HDFC Home Loan Customer Care is the Customer Support facility provided by the bank to its valued customers. This division of HDFC Bank takes care of all the queries and grievances that the Home Loan applicants might have during and after the process of application. You can reach the customer care via the toll free numbers provided by the bank on their official website, through the unique customer login provided by the bank to each customer during the loan application, through sending an SMS to their number and by writing on their online grievance redressal portal. Alternatively, you can always visit the nearest HDFC branch or write an email to the manager of Home Loan product.

Facts You Should Know About LIC Home Loan Calculator

Home-loan

When it comes to buying a dream home, it would not be wrong to say that different individuals have different needs. Some prefer to live a luxurious life so buy a beautiful, big home whereas others simply want a comfort and simple living, hence buy a small home. However, one thing that also needs to be mentioned here is the fact that money also plays a vital role here. The more money you have, the bigger and better house you proudly own. But, what about those who don’t have enough cash or savings to own a big house. Afterall, every individual wants to live in a beautiful and big home but due to lack of funds some people don’t make it happen. But, don’t be disheartened as for them there is one smart and perfect solution. Yes, you read that right! Availing a home loan is no doubt an ideal option for those who are falling short of funds/cash to buy their dream home. Now, if we are talking about availing this credit facility, there are certain key factors that you always need to keep in mind.

Yes, apart from keep an eye on the interest rate, it is the LIC Home loan calculator you should be aware of the same so as to have a smooth and hassle-free loan journey. Yes, an EMI calculator is one such effective and smart device that helps in taking you the decision of availing a loan. Well, you can say that it is your perfect partner or companion that never lets you down when you are in need. It solves all your worries and problems in the least time frame and ensures that you get the results in the best possible way. However, to have a better understanding on the same, let’s just dig more about this topic in the article further and discuss more about it below…

We all give attention to the interest rates, believing that it is an important parameter of the loan. Indeed it is, there is no doubt in that, but there are other parameters as well which are equally important to help in realizing your dreams. And, and EMI calculator is one such helpful or you can say a life savior tool that allows you to live a tension-free life by answering all your questions. This smart device works on one simple algorithm, i.e. you provide data and it will fetch the results for you in few seconds. This machine works or functions when you the user feed the credential into the device. Now, what are these credentials? Just read the article below to find out.

It is your very own the Loan Amount, Home loan Interest Rate and Tenure. With these credentials you can easily know the exact amount of your EMIs, interest outgo and total amount payable. The moment you feed these details into the tool, it will fetch the results for you in the least time frame. The algorithm of this device has been designed in such a manner that it will give you the results in just few seconds. And, not to forget it comes with a lot of ease and comfort, hence has become the favorite of many. Earlier people used to do the calculations with a formula which is so complex and time-taking that it was a complete mess for the people then to churn out the results. But, with change in times the things have also changed and with the availability of this smart device it is no more a problem for you to know whether your monthly installments are pocket-friendly or not.  

Suppose, Rakhi Kapoor is looking to avail a home loan of 30 Lakh for a tenure of 25 years at an interest rate of 8.40% per annum from the LIC. But before saying yes to the lender, she wants to know what would be her EMIs and interest outgo? Hence, to know the same, she used the LIC home loan calculator so that to decide whether the monthly amount is pocket-friendly for her or not. So, the calculator churns out the results:

EMI:23,955

Interest Outgo:41,86,494

Total AMount Payable: 71,86,494

After seeing the results it would be easier for her to decide whether to take that offer or not. And this all can happen only with this smart EMI Calculator.

   

 

Enjoy Bumper Benefits that come with an ICICI Credit Card

Credit cards have become one of the leading tools of plastic money and have become an integral part of our financial life. Even when you don’t have cash in your wallet, you can rely on a credit card to take you out of any emergency. You can book flight tickets or order a book even at midnight with the help of your card. You can pay the amount on the due date fully or partially in monthly installments. The market is full of many lenders who are more than ready to hand you over a card. But as an user, you must always take the one which gives you maximum advantages. An ICICI credit card will simply do the same with you.

icici-credit-card

The bank has a box full of Credit cards which have their own specialties and features. Today, we will be exploring the world of an ICICI credit card and check the types of cards offered by the bank and their features & benefits.

  1. Gemstone- Check out the features of the cards offered under this category.
  • Coral
  • 2X rewards on both supermarkets and dining
  • Complimentary Provogue tie which is worth ₹999 when you join
  • Buy one get one free movie ticket offer along with discounts on dining

    2.Rubyx

  • You will get complimentary movie tickets along with golf rounds
  • You will receive Sennheiser HD221 Headphones whenever you join
  1. Coral American Express
  • You will receive 50% more reward points (RP) on all the online purchases you make
  • You will get “Extended Credit Period” offer
  • Buy one get one free movie ticket offer plus discounts on dining
  • You get 2X rewards on supermarkets as well as dining
  1.  Saphiro
  • You will enjoy benefits of two cards that too at the convenience of one account
  • Complimentary All New Kindle whenever you join
  • You will receive complimentary gold rounds along with movie tickets
  1. Diamant

Accessible only through invitation from the bank

Platinum and Coral: Cards offered under this category are secured, easy & convenient to use. You are not charged any kind of annual fees if you apply for this card. Check out the exciting features of the cards available under this segment.

  1. Platinum Chip
  • You will save at least 15 percent on Dining
  • You get rewards that are powered by PAYBACK
  1. Instant Platinum-
  • No annual fee is charged from you and is issued against a fixed deposit
  • At least 15 percent savings on dining
  • You get a discount of ₹ 100 on up to two movie tickets every month
  • You will receive two PAYBACK Points per ₹ 100 points
  1. Coral card against fixed deposit-
  • 2X rewards on supermarkets and dining
  • No need of income documents
  • Buy one get one free movie ticket offer plus discounts on dining
  • You will get a Provogue gift hamper worth which is ₹ 1500 as a joining gift

Ferrari:  One of the most exciting cards offered by the bank, a Ferrari card specifically focusses on having a Ferrari in your name and your name on a Ferrari. You are simply going to jump on the bed hearing about the features.

Signature

  1. You can enjoy discounts at online store of Ferrari on different Ferrari merchandise
  2. You receive a complimentary Scuderia Ferrari watch as a joining gift
  3. You get a BookMyShow buy one get one free offer

Platinum

  • You will have access to lounges at domestic Airports
  • You can enjoy discounts at online store of Ferrari on different Ferrari merchandise
  • You will receive a BookMyShow buy one get one offer

Expression:   Do you wish to own a card which  allows you to give a personal touch? If yes, then opt for this segment as you can design a personalised card according to your wish. Just in case you love MS Dhoni, then you can get his image on the card. Have a look the exciting features right here-

  • You can enjoy a rebate of ₹100 on up to two movie tickets every month in case you book on BookMyshow.com
  • You can earn three PAYBACK Points on every spending of ₹100 on all the retail purchases excluding fuel
  • You can make at least 15% savings on dining courtesy the bank’s Culinary Treats programme

Fuel-  Earn cashbacks every time you shop something. The list doesn’t end here. Check the mind boggling features of the cards provided under this section.  

HPCL Coral American Express-

  • You can earn six PAYBACK Points on every spending of ₹100 on retail purchases excluding fuel.
  • You will get a cashback of 2.5% along with zero surcharge when you purchase fuel at HPCL
  • You can redeem the PAYBACK Points worth 2,000 for fuel which will be worth ₹ 500

 HPCL Coral/Visa/MasterCard-

  • You can redeem PAYBACK Points worth 2,000 for fuel worth ₹ 500
  • You can earn two PAYBACK Points on every spending of ₹100 on retail purchases excluding  fuel.
  • You will get a cashback of 2.5% along with zero surcharge when you purchase fuel at HPCL

Unifare Metro Card: ICICI bank has created a special credit card for the people in cities of New Delhi, Mumbai and Bengaluru, who travel via the metro. This card will help you get rid of the long queues inside the metro stations. The auto recharge facility is simply going to blow your mind. In short, you will get a credit card and a metro card, all in one. The cards offered are-

  1. Unifare New Delhi Metro
  2. Unifare Mumbai Metro
  3. Unifare Bengaluru Metro

Contactless: Check out the features of the cars offered under this section.ou are offered two different cards under this section. Have a look at them along with their features.

1.Coral Contactless

  • Buy one get one free movie ticket offer plus discounts on dining
  • You will get 2X rewards on both supermarkets and dining
  • Complimentary Provogue tie which will be worth ₹999 whenever you join
  1. HPCL Coral Visa Contactless
  • You will get a cashback of 2.5% cashback and 1% fuel surcharge waiver on the purchase of fuel at HPCL
  • You can earn two PAYBACK Points on every spending of ₹100 on retail purchases excluding fuel.
  • You can redeem 2,000 PAYBACK Points for a fuel which is worth ₹ 500

ICICI Credit Card Payment Online

ICICI Credit card bill payment can be made by using either Net Banking or a debit card. Click to Pay facility under Net Banking can be used to make payments from banks other than ICICI Bank. First of all you will have to select the bank  through which you will make the payment from the given list. After that you have to give the details like the card type and the 15/16 digit credit card number and the amount due. Once you confirm the payment, you will be redirected to the payment interface of the selected bank. Simply feed in your Net Banking user id along with the password. Once you confirm the payment, the amount will be automatically debited from your account.
Click to Pay option can also be used for a debit card to clear your bills. You are supposed to select the card type and after that enter the card details. ICICI credit card number has to be entered twice followed by the amount which is outstanding against the card. Once you click on ‘Pay Now’, you are going to be directed to the payment gateway. Confirm the payment by entering the authentication details. You will receive online confirmation for the same.

Check Personal Loan Eligibility for Encashing your Personal Goals

personal loan eligibility

Is your personal income worthy of making you avail personal loan? You are not sure about it. But you need it badly! Of course, these loans are designed to meet your immediate cash requirements for  helping you plan your sudden purchases like consumer durable items LCD, refrigerator, laptop etc), or planning a vacation, availing finance for medical treatment, conducting a wedding in the family or for funding your child’s education. Regardless of your objective, get personal loans of your own choice which weigh lighter on your pocket.

Easy repayment of EMIs at lowest interest rates help you the easy realization of your goals. There are various banks which grant Personal loans to salaried and self-employed professionals but the availability of such loans depends on the borrower’s stipulated eligibility criteria. Does your eligibility criteria meet the bank’s criteria? If yes, congratulations! You are available for personal loan. To be much of your surprise, as soon as your application gets approved, personal loans get transferred immediately to your bank account within seconds. Now, converting your planned purchases into reality is not that difficult in today’s time.

Personal Loan Eligibility Criteria

The salaried class employees and self-employed professionals are eligible to apply for personal loans. The eligibility criteria are different from bank to bank which are as follows:

Eligibility for Salaried Individuals

  • Minimum age of the borrower: 21 years
  • Maximum age of the borrower: 58 years
  • Minimum work experience: 1 Year
  • Minimum Net Monthly Income: ₹ 20,000/-

Eligibility for Self-employed Individuals

    • Minimum age of the borrower: 24 Years
    • Maximum age of the borrower: 65 Years
    • Minimum work experience: 3 Years
    • Minimum Net Annual Income: ₹ 1 lakh

Personal Loan Eligibility Calculator

Assess your Personal loan eligibility calculator criteria while availing personal loans towards a specific bank. Just enter the basic details like your date of birth, your current city of residence, your company name/employer name, your Net salary, your combined loan EMIs and your combined outstanding on credit card. Also, you need to mention whether you have a home loan or not. Make sure to settle your previous loans in time so as to get a good score for fast approval of your personal loan.

Once you enter all the details in the calculator, further it will show you the result detailing for the amount which can avail from the bank.

Personal Loan Eligibility SBI

Following eligibility norms need to be met with SBI for availing personal loans.

  • The borrowers become eligible if he/she is a salaried employee engaged in a reputed corporate or a self-employed professional as engineer, doctor, chartered accountant or an MBA with a minimum 2 years standing.
  • The loan amount would be available subject to their income and repayment capacity. The minimum income of ₹ 24,000/- should be possessed by a borrower in metro and urban areas whereas ₹10,000/- should be possessed by a borrower coming from rural/semi-urban areas.
  • The maximum loan amount application should be based upon 12 times Net Monthly Income for salaried individuals and pensioners subject to a ceiling of  ₹ 10 lakhs in all centres.

Personal Loan Eligibility HDFC

Following eligibility norms need to be met with HDFC for availing personal loans.

  • Salaried doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state and local bodies are eligible for personal loans from HDFC Bank.
  • Individuals should fall in the age-group between 21 and 60 years of age
  • Individuals should have a work experience of atleast 2 years, with a minimum of 1 year with the present employer.
  • Individuals need to earn a minimum of ₹ 15,000 net income per month (₹ 20,000 in  Mumbai, Delhi, Bengaluru, Chennai, Hyderabad, Pune, Kolkata, Ahmedabad, Cochin).

Documents Required for a Personal Loan

Salaried employees and self-employed professionals need to submit their respective documents as mentioned herewith:

For Salaried Employees

    •    Loan Application Form
    •    2 Passport size photos
    •    Salary Slips for last 3 months
    •    Identity Proof PAN Card or Driving License or Voter ID Card or Adhaar Card, etc.
    •    Residence Proof (Driving License/Voter ID Card/Adhaar card, etc.)
    •    Last 3 months Bank Statements
    •    Employment Proof
    • Signature Proof

For Self-employed Individuals

  • Loan Application Form
  • 2 Passport size photos
  • Identity Proof PAN Card or Driving License or Voter ID Card or Adhaar Card, etc.
  • Office Residence Proof
  • Income Proof: Audited financials for the last 2 years
  • Last 6 months Bank Statements
  • Employment Proof
  • Signature Proof

Plan your expenses towards Unforeseen events through Personal Loan EMI Calculator

personal loan

Are you running your business 24*7 under any form of risk? The risks could be an operational risk, theft, bankruptcy, accidental mishaps etc. Before any risk surface over your shop, safeguard it by opting personal loans. These loans are the unsecured loan which can be provided to you anytime for you to cover up your any type of mishappenings. No matter, what your income level is, personal loans can be granted to you from any lender when you will be in dire need of cash. The immediate cash requirement will directly be transferred to your bank account whenever your need arises. Apart from it, comes along the quick processing, minimum documentation, and fast disbursal benefits. Choose your trusted bank which provides you the lowest interest rate that offers you the assistance to plan your monthly installments at ease. Take the help of Personal loan EMI Calculator which shows you the amount which you need to keep aside every month from your monthly budget without creating any extra pressure in restricting your other expenses.

Personal Loan EMI Calculator

Personal loan EMI Calculator is an online arithmetical tool which performs lengthy and tedious calculation towards your personal goals. You need to enter the details such as the amount of personal loan, the tenure and the interest rate on a personal loan that will be charged. The tenure of the loan should be changed to months before substituting it in the EMI formula toolbar for calculating the personal loan EMI.

EMI Calculation Formula

For calculating the personal loan EMI, the following formula is applicable thereon:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

EMI = equated monthly installment

P = the principal or the amount borrowed as a loan

R = the rate of interest which is applicable on the loan amount (the interest rate should be based on the monthly rate)

N = the tenure of the loan repayment or the number of monthly installments you will pay (tenure should be in months)

For example : Suppose there is a theft taken place in a jewellery shop of ₹ 80 lakhs. To mitigate such heavy loss, the shop owner has contacted his insurance company but it is taking its own course of time. In order to close this gap of waiting, the shop owner decides to contact the bank for availing the personal loan in order to cover up the loss hurriedly. He decided to choose one specific bank across interest rates available from the following bank. He wants to apply for ₹ 90 lakh personal loan for a tenure of 5 years.  He wants to check which EMI would be beneficial at the lowest interest rate and for that he takes the help of a Personal Loan EMI Calculator.

The calculation of EMI will take place by entering the interest details in Personal Loan EMI calculator :

SBI Personal Loan : at 11.90% p.a.  interest rate

EMI : ₹ 1,99,746

Total Interest Amount : ₹ 29,84,732

Total Amount(Principal+Interest)=₹ 1,19,84,732

HDFC Personal Loan : at 10.99% p.a. interest rate

EMI : ₹ 1,95,637

Total Interest Amount : ₹ 27,38,216

Total Amount(Principal+Interest)=₹ 1,17,38,216

ICICI Personal Loan : at 11% p.a. interest rate

EMI : ₹ 1,95,682

Total Interest Amount : ₹ 27,40,908

Total Amount(Principal+Interest)=₹ 1,17,40,908

Bajaj Finance Personal Loan: at 11.99% p.a. interest rate

 

EMI : ₹ 2,00,155

Total Interest Amount : ₹ 30,09,273

Total Amount(Principal+Interest)=₹ 1,20,09,273

By observing the above calculated results for the specific banks, the jeweller decides to go for HDFC Bank finally for availing personal loan at 10.99% interest rate.

Advantages of Personal Loan EMI Calculator

  • Calculate your monthly instalments by taking the help of Personal Loan EMI Calculator in order to calculate your instalments payable at the time of disbursal of personal loan. It would help in determining which bank fulfills the criteria of your repayment capacity.
  • The EMI Calculator shows you the full clarity of your loan repayment. By taking assistance from iconographic such as line charts, pie chart, and table, the EMI Calculator shows you the calculation of the break-up components like interest rate, principal amount, the tenure and the processing fee(if any).
  • The EMI Calculator permits you to highlight the several aspects of your repayment capacity individually and helps you in ascertaining your Personal loan eligibility. It highlights you the composition of the total payable amount in the loan amount, total interest amount payable and the processing fee.

Documents Required for Personal Loan for Self-employed

  • Loan Application Form
  • 2 Passport size photos
  • Identity Proof PAN Card or Driving License or Voter ID Card or Adhaar Card, etc.
  • Office Residence Proof
  • Income Proof: Audited financials for the last 2 years
  • Last 6 months Bank Statements
  • Employment Proof
  • Signature Proof

Check Out The Benefits of SBI Home Loan Calculator

sbi home loan

SBI Home Loan Calculator is a tool of utmost importance for those who are working towards getting a loan facility for their home. A Calculator eases out the cumbersome process of calculation and determination of important figures when it comes to availing a loan. This tool is available in two variants- SBI Home Loan Eligibility Calculator and SBI Home Loan EMI Calculator.

The first one contributes towards ascertaining the eligibility of the applicant for the loan and the latter helps in determining the monthly installments that the applicant would have to pay towards the loan repayment. Let us know more about this product and how these tools help out in the process of availing this facility.  

Benefits of SBI Home Loan

Find out the numerous benefits that makes this product stand out.

Bundle of benefits: The bank offers a package of benefits to the applicants so as to offer them an exclusive and convenient experience.

Reasonably priced interest rates: The interest rates of the bank for this product are carefully and reasonably priced so as to provide the best to the customers.

Home Loan as an overdraft: SBI makes the home loan available as an overdraft. This give the applicant an option to use the loan amount optimally.

Low Processing Fee: The bank charges a considerably low processing fee from the applicants. Also, the employees of the Central and State Government are not charged any processing charges for the loan application.

No Prepayment Charges: SBI does not charge any fee for the prepayment of the loan form its customers.  

SBI Home Loan Eligibility based on Salary

The eligibility criteria of SBI differs for applicants from different professional backgrounds. Take a look at the norms of eligibility followed by the bank before ascertaining the right candidate.

Salaried Professionals: The age limit prescribed by the SBI for the salaried professionals is from 18 years to 70 years. As per the SBI Home Loan eligibility based on salary, the applicant must have an annual income of ₹ 1,20,000. The loan amount that can be applied for by this group of applicants can range between ₹ 5 Lakhs to ₹ 1 Cr.

Self-Employed Professionals: The age bracket set by the bank for those who are self-employed is from 21 years to 70 years. According to the eligibility criteria based on salary, the applicant must have an annual income of ₹ 2,00,000. The loan amount that can be applied for by this group of applicants can range between ₹ 5 Lakhs to ₹ 2 Cr.

SBI Home Loan documents

The documents that are required by every applicant are:

  • A completely filled Application Form
  • Bank Statement of the applicant of the last six months
  • Identity Proof (Passport/ Voter ID/ Aadhar Card/ Driving License/ PAN Card)
  • Residence Proof (Electricity Bill/ Telephone Bill/ Voter ID/ Property Tax Receipt/ Passport)
  • The Self-Employed Professionals need to produce the proof of their business address.
  • Income Proof:
    • For Salaried Professionals- IT Return of the last two years/ Form 16/ Original Salary Certificate
    • For Self-Employed Individuals- IT Returns of the last three years/ Assessment Orders

SBI Home Loan Interest

SBI Interest Rates are very strategically and economically priced. The reason why most of the applicants are attracted to this product is the low rate of interest provided by the bank. The SBI Interest Rates range between 8.35% to 8.55%. The interest rates provided by the bank for the amount up to ₹ 30 Lakhs differ for female applicants and for other applicants. For the female applicants, the special rate of interest is 8.35% while for other applicants, the rate of interest is 8.40%. For the loan amount more than ₹ 30 Lakhs, the interest rate for female applicants is 8.50% and for others it is 8.55%.

SBI Home Loan Processing Fee

Apart from the interest rates, SBI also charges a processing fee of about 0.35% of the loan amount along with the applicable Service Tax. A rule of concession is applicable for those who are employees of the Central and the State Government. The bank can charge from a minimum of ₹ 2,000 to a maximum of ₹ 10,000 as the processing fee from the applicants.

SBI Home Loan EMI Calculator

An EMI Calculator for Home loan is a quintessential tool during the process of application. This tool makes it simpler for the applicant to calculate the monthly installments that he/she will have to pay towards the loan. All that one needs to do is, feed-in the loan amount, rate of interest offered by the bank and the total loan tenure and the tool will give out the amount of monthly installments to be paid by the applicant. This tool proves to be highly beneficial when the applicant needs to perform these calculations multiple times. You can go on changing the values and the tool will give out accurate results every single time.

SBI Home Loan Eligibility Calculator

SBI Home Loan Eligibility calculator helps the applicant determine his/ her eligibility for the loan. The tool asks for basic personal details of the applicant to ascertain whether he/she is eligible for the loan. This saves a lot of time of the applicant and reduces the effort of visiting the bank again and again to know these simple yet important details.

SBI Home Loan Customer Care

SBI Home Loan Customer Care takes care of all the queries of the applicants and addresses their grievances. You can always reach them through the toll free numbers provided by the bank- 1800-11-22-11 and 1800-425-3800. You can also visit the nearest SBI branch to sort out your doubts during the working hours of the bank.

Determine your EMI using a SBI Car Loan EMI Calculator

Whenever a car is launched in the market, there are some people who simply jump on their beds thinking about its features and all. The mere thought of buying your own car gives you so much pleasure. In today’s time having a car has become a necessity. When you buy a car, you not only bring with you a medium of transportation but an investment of a lifetime. You can plan trips to a nearby hill station or go on long drives with your family and loved ones.

sbi car loan

You can simply the public bus or metro and take your own car to the office. Why hire cabs daily to go the office when you can just pay an affordable amount as EMI to the bank? Yes my dear friend, you can secure a car loan from State Bank of India and use the same to buy your favorite car. SBI finances passenger cars along with MUVs and SUVs. The repayment tenure goes up to seven years. The interest rates for the same starts from 9.15%. Today, in this article I will be sharing information about SBI Car Loan EMI Calculator.

Now you must be thinking, why out of all the topics I have chosen SBI Car Loan EMI Calculator? The reason is very simple. It is very important to take into account, the EMI you have pay to the bank for repaying your loan amount. People often overlook the EMI aspect of the loan and are happy with the loan amount they receive. If interest rates and tenure are important then EMI is as important as them. Just in case, your EMI amount is higher and you have not planned accordingly, then you can shake up your budget.

EMI stands for equated monthly installment and has to be paid to the bank every month in order to successfully repay the loan. Through the help of a SBI Car Loan EMI Calculator, you can easily determine the EMI amount and hence plan a budget accordingly. The calculator will not only provide you with results regarding your EMI amount but also the amount of total interest payable to the bank. All you have to do is enter few details relating to the loan.

You have to feed in the desired loan amount, the applicable rate of interest and the tenure period of the loan. Within few seconds the results will be available on your screen. The calculator has made things easier for you and everyone as the calculation is done instantly and in a hassle free manner. The manual calculation can now be avoided.

Suppose Abhishek Ranjit, the programming head of Colors channel wishes to buy a Swift Dzire. He has pooled up a certain amount of savings to buy his favorite car. He approaches State Bank of India for a car loan of Rs.5 Lakhs. The bank checks his repaying capacity and finds him to be eligible for the product. He is offered the same amount at an interest rate of 9.50% for a tenure of four years. By using this calculator, Abhishek can check out his EMI amount that he will have to pay to SBI for repaying the loan. The amount will come to be Rs. 12,561. He can also find the total interest payable which will amount to Rs. 1,02,955. This means Abhishek will have to pay the bank a sum total of 6,02,955 in four years.

But what if Abhishek thinks that the total interest payable amount is too higher. He can use the calculator to check the same on different tenure period. Let’s say he chooses a tenure of three years. The calculator will be put to use again. The EMI amount and total interest payable will come out to be Rs. 16,016 and 76,592. This clearly means that if Abhishek chooses a tenure of three years he will be able to save about  Rs 26,000.

SBI Car Loan EMI Calculator has proved to very beneficial to Abhishek in this case. Anyone can use the calculator to compare the EMI offered on various rates of interest. This will help the concerned person to make a balanced decision and provide him/her a smooth and tension free car loan journey.