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business loan

Check your eligibility online & get instant approval on your personal loan for travel,competitive interest rates. Apply for online loan.

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business loan

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  1. GONO1DEALS.COM PERSONAL LOAN

  2. PERSONAL LOAN What is Personal loan. APersonal loan is money borrowed from a bank, financial institutions or online lender that anyone pays back in fixed monthly payments, or installments. APersonal loan has higher interest rates than secured loans like a home loans, loan against property, but there is no requirement of putting up any collateral to ensure repayment. A Personal loan can be used for anything. some lenders want to know intention of money they lend you, but as long as you’ve borrowed it for a responsible and legal reason, you can do what you want with it.

  3. Purpose for taking Personal Loan • Personal loan can be used for various purposes. • For a Wedding & Family Functions-It can be used for a large expense like Wedding purpose also because it might save a considerable amount on interest charges provided it has a lower rate than credit cards. • For Improving Your Credit-A personal loan might help in increasing credit score also. • The lower the amount of your total credit you use, the better your score will be.

  4. Various other Purposes for taking Personal Loan • It can be used in consolidating ongoing loans also. • Personal Loans can be used for undertaking a professional course. • It can be used for providing child’s education also. • It can be used for financing a vacation. • It can be used for refinance Credit Card dues. • It can be utilized for down payments for cars, bikes etc. • It can be used for home purchase, renovations. • It can cover for the period while moving from one job to another (subject to valid offer letter available from the new company.

  5. Eligibility for taking Personal Loan • Individuals who can take a Personal Loan: • Salaried Employees • Salaried doctors • Employees of public and private limited companies • Employees of government sector including Public Sector Undertakings, Central and Local bodies • Minimum age should be 21 years • Maximum age should be 60 years at the time of maturity of the Personal Loan. • Minimum net monthly income – Rs. 15,000

  6. Document required for Salaried Personal loans • Duly filled application form. • KYC documents(Pan Card, Voter ID, Aadhar card, Etc.). • Latest 3 months salary slips. • Last two years form 16. • Salary account bank statement of last 6 months. • Loan agreement should be duly signed and Standing Instruction (SI) Request / ECS Forms.

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