Realfinserv – Providing Unparalleled Services for Personal Loans in Bangalore
A personal loan can prove to be a savior in difficult times. Immediate need for funds can be fulfilled through personal loans which can be obtained from leading financial institutions and banks at low-interest rates. Personal loans for various purposes can be obtained through an easy and hassle-free approach. A cash crunch can be easily reduced through obtaining personal loans from certified institutions and banks indulging in the provision of the same.
Personal loans can be obtained at a low-interest rate through a hassle-free approach. No security or collateral is required for obtaining personal loans from any bank or financial institution. Moreover, there is no need for any guarantor for obtaining personal loans from financial institutions. Personal loans provide enough flexibility to use them for any personal purposes without furnishing the details to a particular banking institution provided they are used for legal purposes like education and home renovations.
Personal loans can be obtained by professionals like CAs, doctors, and CSs with ease. Moreover, self-employed individuals who own a business can obtain the same through an easy and hassle-free process. The immediate need for funds for personal reasons can be easily fulfilled by obtaining personal loans ranging between thousands to lakhs. Obtaining personal loans, however, requires fulfillment of necessary eligibility criteria like stable financial credentials, employment, and good credit score.
The procedure for obtaining personal loans is easy and completely online, which proves convenient. Moreover, the procedure for repayment of personal loan amount and interest is flexible and can be negotiated with a particular lender ranging between 1 to 5 years. The EMI amount can be easily obtained for understanding the procedure of repayment. Personal loans provide an effective medium through which the necessity for immediate funds can be fulfilled easily and through low cost.
Various types of banks and financial institutions provide personal loans at different interest rates, repayment schedules, eligibility criteria, and necessary prerequisites for the personal loans. Comparing different banks and non-banking financial institutions may prove time-consuming. Realfinserv is here to provide a medium for obtaining personal loans in Bangalore. We act as an online marketplace providing information about various banks and financial institutions for easy and quick comparison. Personal loan amounts with flexible repayment schedules and low-interest rates can be obtained through our services.
We make sure necessary assistance is provided for obtaining personal loans with complete convenience, care, and efficiency. No amount of collateral, hidden charges, or fee is charged for providing necessary comparison services for obtaining personal loan amounts. Support services are provided through a team of qualified professionals who ensure necessary eligibility criteria are fulfilled for obtaining the desired personal loan amount. Being a leading personal loans provider in Bangalore, Realfinserv makes sure the loan application is approved within 24 hours.
The process of obtaining personal loans from leading banks and financial institutions is completed through a paperless approach which makes it environment friendly and efficient. The loan amount is disbursed through a safe, secure, and effective method without causing any inconvenience to you. A friendly customer support portal is also made available for handling your problems and grievances concerning the procedure of obtaining personal loans and approval. We make sure your requirement of personal loans is fulfilled at any cost but within the rules of a lender.
We offer online credit score and EMI calculator services through which you can identify the loan amount and credit score for completion of the loan application. We even provide necessary help for improving your credit score so that the requested loan amount can be approved at required interest rates but within the eligibility criteria of lenders. Necessary paperwork is completed to expedite the process of approval of the loan amount.
Personal loans can be acquired through a hassle-free approach if necessary conditions and paperwork complete on time. Banks and financial institutions opt for credit scores and request for details like address proof and other personal information for quick approval of loan requests. Documents for procuring personal loans are listed below:
In case of an employee-
- Valid ID proof - ID proof like driver's license, Passport, Aadhaar card, Ration card, PAN card, and Voter ID card is required. Anyone of the above-mentioned is sufficient as a valid ID proof.
- Authentic Address proof - Bank statement, Electricity bill, passport, Lease or rental agreement, or ration card can be provided as a form of valid and authentic Address proof.
- Income proof documents - employees should furnish the latest form 16 as procured from employer and salary slip for the last 6 months as a valid Income proof.
- Bank statement - bank statement furnishing details of last transactions of the last 6 months must be procured with entries of salary credit for approval of the loan.
- Offer letter as a proof for continuity of employment.
For self-employed and business owners:
- Degree certificate or other educational documentation for self-employed individuals
- Valid proof of business existence
- Last 3-year income tax returns, profit, and loss a/c, balance sheet attested by certified CA.
- Any other type of necessary documentation as needed by banks or financial institutions.
All the necessary documents, as specified by banks or financial institutions, should be provided to complete the process of personal loan amount approval and deployment. We provide necessary assistance services to help compile needed documentation for approval of the loan amount. Moreover, we help you select lenders, i.e. bank or non-banking financial institutions that can provide the necessary loan amounts at low-interest rates.
Necessary assistance services are provided for making the process of personal loan apply in Bangalore ease and convenient. Leading banks and financial institutions are compared based on various aspects of completing your loan need at affordable prices. You can be sure of receiving every type of benefit upon employing our services. Contact our customer care portal for accessing our services. We will provide all support services so that personal loans can be obtained without any hassle.
Q1. Where can a Personal Loan be used?
Personal loans can be used for any purpose such as medical emergency, wedding expenses, business expansion, house renovation, vacation expenses, etc. It can be utilized towards debt consolidation, paying for the down payment of a new house, or meeting educational expenses. The uses for which personal loan in Bangalore can be utilized is limitless. The banks do not put any restrictions on its use. This is the very primary reason that demand for a personal loan is high as any kind of expenses can be met without much burden on its users. Hence personal loan is becoming the first choice of many people.
Q2.What is the eligibility criteria for applying for personal loan?
For applying for Personal Loan in Bangalore, one must need to follow certain requirements such as there must be a regular source of income whether you are salaried or self-employed. This is an essential factor as it determines whether you are capable of repaying the loan back or not. Another important requirement in case of a salaried employee is the company where he/she is working, and also, the credit history plays an important role in determining the rate of interest. Also, one must be minimum of 21 years of age and not exceeding 60 years of age. One can easily apply and get personal loan online as well.
Q3. What is the minimum amount one needs to borrow in case of a personal loan?
The minimum amount that one needs to borrow in case of a personal loan varies from bank to bank. It depends upon different banks' procedures and policy and also depends upon other factors as well. But usually, the minimum amount of easy personal loan varies from Rs.25000 to Rs.30000. It may vary, but this is the standard limit. It is advisable to go through different lenders to choose the one which fulfils your requirements. Sometimes it also depends upon the source of income of one applying for the personal loan in Bangalore.
Q4. What is the process of calculating the maximum amount of the loan?
The maximum amount that one can avail through personal loan varies from person to person. It usually depends upon the financial capability of the person in repaying the loan. For salaried employees, the maximum amount is decided on the basis of their salary. The loan amount is decided in such a way that it EMI of the personal loan should not exceed 30 to 40 percent of their salary. And in the case of self-employed, the maximum amount of personal loan is calculated on the basis of their profit. For this statement of profit and loss is analyzed.
Also, if there are other loans, then they are also taken into consideration. Credit history also plays an important role in availing a low-interest personal loan in Bangalore.
Q5. What is the time period for which personal loan can be availed?
A personal loan is high in demand not only because it can be put to multiple uses without any restrictions imposed by the bank but also the flexible tenure it can be borrowed for. The tenure for which personal loan in Bangalore can be availed is from 12 months to 60 months. One can choose the time period as per their requirement, and it also depends upon the uses for which personal loan is borrowed. In some situation, a shorter or longer time period than the standard can be allowed by the lenders.
Q6.What are the various important documents that are required for a personal loan in Bangalore?
The documents that are required for the personal loan may vary from bank to bank. But some key documents are required by every bank or financial institution. These includes:
• Document showing the proof of income.
• Proof of Address
• Documents relating to the proof of identity
• Any other documents as specified by the lender.
It is important to go through all the requirements of the lender before applying for the loan so that there is no headache afterwards. The whole process has been made simpler by applying for a personal loan online.
Q7. What is the process of personal loan approval?
The process of personal loan approval in Bangalore is very easy. It does not involve a number of lengthy and cumbersome steps, and the loan can be availed within a few days which was not possible earlier as one has wait for a longer time to get the loan approved. The approval process depends upon the lender to lender. The process can be completed within 48 hours, or it might take a week or two but not more than that. All one needs to get it documents ready so that process of personal loan can be approved at a fast rate and you can then put the amount of loan to use. Moreover, it has become easier through personal loan online approval.
Q8. What are the rates charged on a personal loan?
Personal loans are unsecured form of loans, i.e. one does not have to mortgage security in order to get the loan. Being an unsecured loan, the rate of interest charges on them are slightly higher when compared to other types of secured loans. The prevailing interest rates are different as per banks' discretion, but the lowest personal loan rate in Bangalore charged is around 10.99 per cent. There are certainly other factors that also affect the rate of interest such as credit history of the applicant, the income level of the applicant, tenure for which loan is applied for and also other loans that are being taken by the applicant also affect the rate of interest on this loan.
Q9. How to compare interest loan rate?
The interest rates charged on personal loans differ from bank to bank as it depends upon a number of factors. One must compare the interest rate of different banks and other financial institutions to get low-interest personal loan in Bangalore. One can compare the interest loan rate of different banks through Real Finserv that provides you with all the details that are required in order to make an informed decision. In order to get the lowest rate on personal loan in Bangalore, one may consider Real Finserv for all the guidance.
Q10. How to get the lowest interest rate on personal loan?
As more and more banks, as well as other financial institutions, are offering personal loan in Bangalore, one can compare the interest and thus get the lowest interest rate as per their requirements. Earlier one has to go physically to different banks and financial institution in order to know about the interest rate, which made it difficult to get the best deal. It has now been made easier through the platform of Real Finserv that makes available the different rate interest of various banks or NBFCs so you can choose the best interest rate for loan.