Bhubaneswar is a steadily
developing city as far as cultural, economic and educational aspects
are concerned. The city is gaining an exceptional position in the IT
sector and the export industry. Orissa’s capital has been a
favourite investment pool for all considering the prospective
development opportunities. However, meeting professional and personal
financial goals requires considerable funding that would come with
no-end usage restrictions. A personal loan in Bhubaneswar is the best
go-to option under such circumstances.
Reputed lenders take into
consideration various aspects that need substantial coverage while
sanctioning such advances. They offer personal loans of adequate
amount at competitive interest rates to meet the diversified
financial needs of borrowers. The beneficial features of such
unsecured loans help borrowers meet their personal financial
requirements like funding for medical emergencies, travel, home
renovation, wedding, or debt consolidation.
However, considering that
availing a financial aid is a crucial decision, it is ideally
essential to consider a few factors while taking a personalloan in Bhubaneswar.
Read on to find out more.
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Benefits
Taking into account the
various benefits of these unsecured loans, numerous NBFCs offer such
credits. However, borrowers need to compare the features of such
credits available in the market and settle upon the one that provides
them with the maximum benefits.
Leading financial institutions
like Bajaj Finserv provides Personal Loan that comes with
easy-to-meet eligibility criteria and multiple borrower-friendly
features. Some such features are as follows –
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High loan amount of up to Rs. 25 Lakh.
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Instant approval on the personal loan application.
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No end-usage restrictions on the loan amount and hence it can be used to fund multiple expenses.
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Access to the loan account online.
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Quick disbursal of the loan amount with 24 hours of the document verification.
They also bring you
pre-approved offers on multiple financial products that include both
secured credits like home loan, loan against property, and unsecured
credits like personal loan, business loan, etc. These offers ease the
application process to avail financing and also save your time. You
can take a look at your pre-approved offers by providing a few
details like name and phone number.
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Application Process
Borrowers need to go for the
lender who provides them with a hassle-free application process to
avail such financial aids. The personalloan process steps
for application includes sending over a representative who would
collect your documents and help you avail the credit. Reputed lenders
mandate only some basic documents keeping in mind the convenience of
the borrowers.
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EMIs
Even before you apply for an
online personal loan, it is essential to make sure that you borrow as
per your repayment capability. Look into your existing debts and
decide upon the EMI amount you can afford. Opt for lenders who
provide flexible tenors and attractive rates of interest. An
affordable EMI ensures that you make timely repayments, boost your
credit score and prevent any unnecessary stress on your monthly
budget.
Calculate your monthly
repayments with the help of a loan calculator
accurately before applying. All that you need to do is provide a few
necessary information like loan tenor, rate of interest and loan
value to check the EMI amount. Choose the lender offering a low
interest personal loan to keep EMIs under your budget.
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Eligibility Criteria
An unsecured personal loan
requires no collateral and comes with easy-to-meet eligibility
criteria which include –
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Borrowers must be a citizen of India.
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Between 23 to 55 years of age.
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A salaried individual employed with a public or private company, or in an MNC.
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The required minimum salary of the prospective borrower depends on the city he/she resides in and varies from lender to lender.
While you are looking to avail
a personal loan in Bhubaneswar, do approach reputed lenders who are
transparent about their personal loan processing fees and rate of
interest, and you need not worry about any hidden charges. Also check
out other related charges like EMI bounce charges, processing fees,
penal interest, secure fee, and document/statement charges before
applying.
