Way to get a personal loan?

[Tobi]

For financing other than those priority sector attract some srtricter parameters with costly rate of interest.

And PERSONAL Loans are such Non-priority category, where the eligibility is based on income to ascertain repayment capacity. Banks prefer salaried class people as the repayment would be regular ineome the salary and also for repayments employer is linked for recovery from salary.

Hence, the borrower must have good regular income and the employer must agree to recover from salary disbursement from the source itself. And the CIBIL rating and other mandatory details must be satisfactory for early snction/disbursement of the personal loans.

 

[gwolf666]

And first and foremost you must have a good credit history, if you don't have it it will be difficult for them to give it to you, since it is very risky for them to give credit to someone who does not trust them at all and risk not receiving the payment of the loan they give them, do you understand? but as long as you have a good credit history, that is, you don't owe anything, and if you have taken out something in installments, you have paid them all on time, you can request a loan without any problem.

 

[Springtime]

You can take out a personal loan via banks, but they tend to be more conservative. Here, we have financial institutions which are more aggressive and their requirement for getting a personal loan is more lenient that banks.

 

[Trush Jodie]

If one has a verifiable source of income, they can easily get personal loans from micro finance banks. The interests are not that huge.