Realfinserv – The Best Financial Marketplace to Obtain a Personal Loan in Noida
Personal loans prove to be an effective medium for meeting unforeseen financial needs. Circumstances like medical emergencies, education, and various other personal reasons may require the availability of sufficient and immediate amount of funds. Banks and various non-banking financial institutions are known for providing personal loans which can help in tiding over difficult times easily. Both Salaried and self-employed individuals can obtain personal loans at low interest with a simple procedure of approval and documentation.
Personal loans can help tide over a difficult period. The amount, varying from thousands to even lakhs, can be obtained through a simple procedure of application. Every bank aims at making the procedure of obtaining personal loans easy, efficient, and speedy. You can obtain personal loans for any purpose on the spot or within a short period.
Certain banks even offer flexible repayment methods or schedules to ease the process of repaying the personal loan amount and interest. Flexible EMI schedules are made, which can be followed to pay the loan amount and interest advance at your convenience. Tenure ranging from 1 to 5 years can be chosen depending upon personal needs and preferences. Working professionals like doctors, company secretaries, and accountants can avail of special offers depending upon their eligibility criteria and the bank’s policies.
Obtaining personal loans in Noida is no more a lengthy process and can be completed within 24 hours of application. Personal loans can be obtained without any requirement for any collateral or security. Moreover, these can be obtained at low interest. Choosing a particular banking institution requires thorough knowledge of various aspects regarding one's eligibility and the procedure of obtaining a personal loan. Dedicated institutions are working to provide the necessary information concerning- choosing a particular institution for obtaining personal loans.
Realfinserv is one such online marketplace that provides a list of various certified and prestigious Banks and non-banking financial institutions. We provide necessary services like comparing different banks and the financial institutions based on various aspects like personal loan amount, interest rates charged, EMI schedules, and process of obtaining loans. Comparison based on various aspects is provided, which can help you in selecting the perfect banking institution for obtaining personal loans easily and through a hassle-free approach.
We are a leading online marketplace and personal loans provider in Noida that can help you obtain personal loans at low-interest rates with an easy process of loan amount approval and disbursement. We make sure personal loans for any purpose can be obtained without causing any inconvenience. Moreover, a list of only certified and dedicated financial institutions is provided to ensure personal loans are made available at reasonable rates and through unparalleled customer service.
We, through a team of certified personnel, make sure every type of assistance is provided for obtaining personal loan amounts. Moreover, no commission or hidden charges are charged for providing necessary consultation or assistance services for obtaining personal loans. Your personal needs and preferences are given more weight age concerning personal loan amount and interest rates, provided necessary qualification criteria are fulfilled for banks and financial institutions.
We also offer an online credit EMI calculator service through which one can calculate the EMI amount with better efficiency and accuracy. The EMI calculator can help in understanding the procedure of repayment with complete efficiency and skill. The sum of the personal loan amount can be estimated for procurement purposes. An online credit report can be generated for obtaining credit information which can help in easing up the process of obtaining a personal loan. Positive credit score and history can help obtain a better personal loan amount.
24/7 assistance and support are provided through a team of skilled personnel. We make sure the process of obtaining personal loans is completely paperless and secure. All major banks and institutions are listed in one place, which makes the process of choosing the best bank for obtaining personal loans convenient.
Certain eligibility criteria have to be fulfilled for obtaining a personal loan amount. The criterion for approval of the personal loan is listed below:
- Age criteria for obtaining a personal loan - Age between 21 to 45 years of the applicant at the time of maturity of the loan.
- Stable financial and employment history for obtaining a personal loan.
- Minimum Salary for salaried individuals is ₹15000, which can vary depending upon place or city of work.
- Necessity of the same address/city for a minimum of 1 year.
- Work experience should be at least 2 years for fulfilling eligibility criteria for obtaining a personal loan amount.
- Working professionals, salaried Individuals, and business owners can apply for personal loans for an easy and quick approval. If not a regular wage earner, then other ways are possible which can be discussed with branch managers of individual banks or institutions.
Obtaining a personal loan with a bad credit score can prove difficult at times. We recommend Improving one’s credit score before applying for personal loans with a particular bank or non-banking financial institution. If you or anyone interested in obtaining a personal loan but possess a bad credit score with a particular institution, then necessary commitment is required to improve upon the same before applying for personal loans.
A credit score of 700 or more is recommended for quick approval of personal loan requests with reasonable interest rates and terms for obtaining the same. A bad credit score can be a deterrent for obtaining personal loans, but an improvement upon the same can help in increasing chances of approval and obtaining personal loans with limited hassle.
We through a team of dedicated individuals work to make sure the procedure of personal loan apply in Noida, and its subsequent procurement can be completed on time. You or anyone in need of immediate funds for personal reasons can contact us. We can help in completing the process of selecting a banking institution, complete the process of obtaining personal loans amount, and provide necessary support services with efficiency.
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 new house or meeting educational expenses. The uses for which personal loan in Noida 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 Noida, 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 fulfills your requirements. Sometimes it also depends upon the source of income of one applying for the personal loan in Noida.
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 Noida.
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 Noida 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 Noida?
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 Noida 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 Noida 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 Noida. 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 Noida, 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 Noida, 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 institutions 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.