Personal loan in india

In india, Personal loan is an easy and quick way to arrange for financing when you need extra cash fast. You can use the personal loan amount in india for unexpected expenses, to pay off your bills, or for a well-deserved vacation the choice is yours.

Banks in india provide the lenders the personal loan money instantly by taking fast decision and they also gives you a quality service. Most banks in india offers two types of personal loans means the secured and unsecured personal loans to its customers. The most popular personal loans in india are those that are short-term and unsecured.

Few banks are issuing personal loans for the people who are having bad credit, Bad credit personal loans have saved millions of people from going bankrupt due to lack of credit in india. If you are indian and are on the verge of losing all your credit, you can opt for indian bad credit personal loans. The loan can be helpful in rebuilding your credit that has gone bad.

Here is a small list of banks that are provinding personal loans in india -

• State Bank Of India
• Bank Of Baroda
• United Bank Of India
• United Commercial Bank of India
• Allahabad Bank
• Bank Of Maharashtra
• Oriental Bank Of Commerce
• ICICI Bank
• HDFC Bank
• Axis Bank ( or UTI Bank)
• Canara Bank
• Andhra Bank
  

Eligibility criteria for availing Personal loans in India are -

• The applicant must have a minimum age of 18 years to get the personal loan approved in india
  
• The applicant must not have attained the maximum age of 70 years which is the age by when the loan should be fully repaid
• The applicant must have sufficient, regular, and continuous sour
  

Maximum and minimum home loan amount are calculated as follows -

• Applicant aged over 18 years and up to 45 years can avail maximum personal loan amount 60 times of his Net Monthly Income (NMI) or 5 times Net Annual Income (NAI)
• Applicant(s) aged over 45 years of age can avail maximum personal loan amount 48 times NMI or 4 times NAI