MCLR( Marginal Cost of Funds based Lending Rate )
The marginal cost of funds based lending rate (MCLR) refers to the minimum interest rate of a bank below which it cannot lend, except in some cases allowed by the RBI.
Category: Personal Loan
IDFC Merges with Capital First to form IDFC First Bank
On December 19, 2018, Capital First and IDFC Bank announced the completion on their merger after receiving all regulatory approvals to create a combined entity of Rs. 1.02 lakh crore loan asset book.
Personal Loan for Low-Salaried Professional
Personal Loan is one of the best financial support for any kind of financial crisis. Personal Loan is an unsecured loan and does not require any kind of mortgage with the bank. There is no limit to make use of this loan.
Reasons for Personal Loan Rejection
As we all know, Personal Loan is an unsecured loan which is use to meet an individual’s requirement. If you opt for Personal Loan, you don’t have to keep any mortgage with the bank
Does personal loan affects credit score?
Personal Loan is an unsecured loan which is used to satisfy customer’s requirements. Personal Loan does not require any security or mortgage. Very easy documentation and quick disbursement process makes personal loan easily available to its customers.
Changing Personal Loan Trends in India
Few years ago, opting for a Personal Loan to satisfy your monetary requirement was not a common thing to do. It was considered a big deal, if any one who is earning a handsome amount, is going for a personal loan. But with constantly changing scenario of India, Personal Loan is getting easily accessible
Is Personal Loan Tax Deductible ?
Under the Indian Income Tax Act, tax deductions and exemptions were allowed on Home loan, Business loan etc. But there are no tax exemptions on Personal Loan.
How to use a Personal Loan?
To satisfy an individual’s financial requirement, you take a Personal Loan. As you all know, Personal Loan is an unsecured loan. No mortgage is required to keep with the bank. If you have a good credit score and you have a good repaying capacity, you can easily apply for Personal Loan. There is no limit to the ways of using a Personal Loan.
Details of SBI Loan Against Property
SBI is the largest public sector banking institution in India. SBI is the largest public sector banking institution in India.
ICICI BANK Self- Employed Personal Loan
ICICI Personal Loan is a one-stop option for self-employed-No collateral, Competitive interest rate, Loan repayment capacity decides the amount of the loan.
