Get the Funds You Need with Top Personal Loans Available Online

Getting the funds, you need to pay for unexpected expenses, consolidate debt, or invest in your future can be a challenging task, especially if you don’t have the necessary savings or a good credit score. Fortunately, personal loans are an excellent solution for those who need quick cash to cover their financial needs. In this blog post, we will discuss how you can get the funds you need with top personal loans available online.

What is a Personal Loan?

A personal loan is a type of unsecured loan that allows you to borrow money for any purpose, such as home renovation, wedding expenses, or medical bills. Unlike secured loans, such as a mortgage or car loan, personal loans do not require collateral, which means that the lender cannot seize your assets if you default on the loan. Personal loans are also known as signature loans or installment loans, as they are repaid in fixed monthly installments over a period.

Why Choose an Online Personal Loan?

Applying for a personal loan online is a convenient and efficient way to get the funds you need without having to visit a bank or lender in person. With online applications, you can complete the entire process from the comfort of your own home, at any time of the day or night. Online lenders also offer a wide range of personal loan options, with competitive interest rates and flexible repayment terms. This makes it easier to find a loan that fits your budget and financial needs.

Top Personal Loans Available Online

Here are some of the top personal loans available online in India:

HDFC Bank Personal Loan

HDFC Bank offers personal loans for a wide range of purposes, including home renovation, travel, education, and debt consolidation. You can apply for a personal loan online and get instant approval, with funds disbursed to your account within 2-3 business days. HDFC Bank offers competitive interest rates, starting at 10.50%, and flexible repayment terms, ranging from 12 to 60 months.Visit – Apply for HDFC Bank Personal Loan

ICICI Bank Personal Loan

ICICI Bank offers personal loans for a range of purposes, such as wedding expenses, medical bills, or home renovation. You can apply for a personal loan online and get instant approval, with funds disbursed to your account within 72 hours. ICICI Bank offers competitive interest rates, starting at 11.25%, and flexible repayment terms, ranging from 12 to 60 months. Visit – Apply for ICICI Bank Personal Loan

IDFC First Bank Personal Loan

IDFC First Bank offers personal loans for various purposes, such as home renovation, travel, or medical expenses. You can apply for a personal loan online and get instant approval, with funds disbursed to your account within 48 hours. IDFC Bank offers competitive interest rates, starting at 12%, and flexible repayment terms, ranging from 12 to 60 months. Visit – Apply for IDFC Bank Personal Loan

Bajaj FinServ Personal Loan

Bajaj FinServ offers personal loans for various purposes, such as wedding expenses, home renovation, or travel. You can apply for a personal loan online and get instant approval, with funds disbursed to your account within 24 hours. Bajaj Finserv offers competitive interest rates, starting at 12.99%, and flexible repayment terms, ranging from 12 to 60 months. Visit – Apply for Bajaj FinServ Personal Loan

Tips for Getting a Personal Loan Online

Here are some tips to help you get the best personal loan online:

Check your credit score before applying for a personal loan. A good credit score can increase your chances of getting approved and help you get a better interest rate.

Compare personal loans from different lenders to find the best deal. Look for lenders that offer competitive interest rates, low fees, and flexible repayment terms.

In conclusion, getting a personal loan online is a convenient and efficient way to get the funds you need for various purposes. IndiaLends is a great option for those looking for the best personal loans available online, with competitive interest rates and flexible repayment terms. Apply for a personal loan with IndiaLends today and get the funds you need to achieve your financial goals.

Use EMI Calculator online- Plan your EMIs well in advance

Map the realization of goals and dreams best with the help of an EMI calculator. It is one of the easiest ways to know the equated monthly installment you need to pay off the loan borrowed. The EMI consists of the principal amount + interest paid on the loan. The EMI, usually, remains fixed for the entire tenure of your loan, and it is to be repaid over the tenure of the loan every month.

What is an EMI Calculator?

The “EMI calculator displays” the EMI to be paid, along with a detailed repayment table with a break-up of the total amount payable (Loan Amount + Interest Payable + Processing Fee) for the tenure. The EMI calculator will display project figures applicable to the loan. Once you have an EMI amount you can proceed by clicking on the ‘Apply Now’ button to avail of the loan.

Different types of EMI calculators?

There are mainly three types of online EMI Calculators:

Home Loan EMI Calculator: It is used to calculate a home loan EMI. For instance: If you take a home loan of Rs 20 lakh for a tenure of 20 years, at an interest rate of 10.5%, entering these values will show you that your EMI amount will be Rs 19,968.

Personal Loan EMI Calculator: You can use it to find out your loan EMI. Consider, you borrow Rs 5 lakh for your expenses at an interest rate of 10.5% and decide to repay it within 5 years. The calculator will show you that your monthly liability will be Rs 10,747.

Car Loan EMI Calculator: This tool lets you determine your car loan EMI. Example: You take a car loan amounting to Rs 8 lakh, and the lender charges an interest rate of 8.9%. Using the calculator, you can find out that for a repayment tenure of 8 years, your EMI will amount to Rs 11,679.

Benefits of using a loan EMI calculator:

• Easy to access.
• Saves time and energy for performing manual calculations.
• Provides quick results.
• Helps you ascertain if the monthly EMI is affordable or not.
• Aids you in financial planning.

You can use an EMI calculator online to arrive at your EMI amount for your personal loan, home loan, or even car loan. All you must do is insert your loan amount, tenure, and the rate of interest on the loan.

Apply for a Personal Loan Online: Things to Know

Personal Loans could be the best way to rescue yourself when you are faced with unforeseen expenditures. No matter what your exigency is, simply apply for a loan online from the comfort of your home and submit the necessary documents. People sometimes get confused with the process of applying for a personal loan online.

There are some factors mentioned below that one needs to keep in mind at the time of applying:

• Decide the loan amount
Always apply for a bank personal loan for the amount you need. If you apply for more amount of personal loans than you need- you will mostly spend it on unnecessary things!

• Decide the loan tenure according to the repayment capacity
While evaluating personal loan applications, lenders always check the repayment capacity by computing a Fixed obligation to income ratio. It is the proportion of your existing income being consumed in debt repayments including credit card bills and loan EMIs. As lenders generally prefer lending to those applicants who are having FOIR up to 40-50%.

• Lookout to find the best lender
There are a plethora of options available when applying for a personal loan online. Many lenders are offering bank personal loans on the online platform. You need to compare amongst them and find the best one to avail of them. To make comparisons easier, you can also make use of the EMI calculator or an aggregate website where you can get the required data to compare.

• Charges and additional fees
Every financial institution is charging a different amount of money in the form of late-prepayment charges or processing fees, etc. It is an extra amount of cash that one needs to pay to the financial institutions when going to apply for a personal loan online. The additional fees vary from one lender to another. So, it is a must to know about them to choose the right lender.

• Your credit score and history
The financial institutions and NBFCs scrutinize your credit score and history to analyze your creditworthiness and offer your interest rates based on that. Before the lender checks your credit history and credit score, make sure you check it. The reason for this is that if you know your credit report, you can make yourself prepared to answer their questions and negotiate the interest rates.

Conclusion
Features like fast loan disbursal with zero restriction on end-use, minimum documentation, and no collateral requirement make personal loans an ideal borrowing option for those who are in urgent need of funds. All required is to keep in mind the above-mentioned factors.

Effective Ways to Get Out of Debt

Having a lot of debts can give sleepless nights to anyone and can become a hindrance towards leading a healthy financial life. Sometimes certain circumstances such as loss of job, recession, or a bad accident can create money problems. Other times, debts can pile up because the interest rates that you are currently paying are much higher than the usual interest rates.

Here is an example to illustrate this. You have taken one personal loan and one auto loan at 18% and 14% respectively, and you qualify for a personal loan at 13% p.a. In this case, it makes sense to use the personal loan to pay off your debts completely and repay your personal loan at a much lower interest rate.

By learning how to pay off your debts, you can release a lot of burden and focus on your financial goals without any troubles. Proper guidance and an efficient game plan can help you get debt- free in no time.

Here are a few ways by which you can get out of debt:

1) Take up a Personal Loan for Debt

You can take up a personal loan at a lower interest rate to pay off your current loans. Taking up a personal loan for debt will save you from the hassle of making multiple payments on all your loan EMIs. What’s more, the loan can be obtained instantly with minimum documentation and short approval time. Moreover, it is an unsecured loan and thus there is no risk of losing the asset in case we fail to repay it.

2) opt for Debt Consolidation

You can also opt for debt consolidation to make it easier for you to pay off your loan. Debt consolidation means combining all your small loans into one large loan. The consolidated loan usually has a longer repayment period or lower interest rate or both. This can help you save up some amount every month and is also a more convenient option over making multiple payments on your loan EMIs.

3) Pay off your most expensive debts first

This is a good strategy to get rid of all your debts fast. You should identify your most expensive loan and put all your energy to pay that off first. This would reduce a lot of your burden and you will feel motivated when you see progress. This will also leave you with more liquidity towards the end as you will only be left to pay back your least expensive loan.

4) Transfer your credit card balance

Balance transfer is useful to save up a lot of money. A balance transfer allows you to shift your existing credit card debt to another card which charges a lower interest rate or a longer interest free period. The process is extremely fast and can be completed within hours.

5) Pay more than the minimum amount

Paying only the minimum amount every month will take you a lot of time to pay back your credit card debts. It is advisable to always pay a little more than the minimum amount to get rid of the debts quickly and to avoid being charged high rates of interest.

6) Consider refinancing your mortgage

Getting a new mortgage in place of your original mortgage is another good strategy. This can help you to obtain longer repayment period and lower interest rate. You can also opt for cash out refinancing to obtain more money than you owe. The faster you start dealing with your piled up debts, the sooner you will get rid of them. You can choose one or more strategies to pay off all your debts with ease depending upon your situation and needs. Start your debt-free journey today and realize your dreams.

How to know your Personal loan eligibility? Why is it important?

If you are looking for quick approval of personal loans, it is a must to check your Personal loan eligibility before applying to avoid facing any drawbacks of loan rejections. Your loan eligibility depends on various factors including age, monthly income, and employment type.

Factors based on which you can get qualify of getting quick loans online are:

Age:

Your age is indicative of your financial stability. You start working in your 20s and by the time you turn 30, you would have five or six years of work experience.

Credit history:

To improve your chances of getting a personal loan, it is advisable to have a credit score of over 750. The interest rate, tenure, and loan amount you can borrow will depend on this factor.

Income:

Your income represents your repayment capacity. The lender assesses your creditworthiness in the backdrop of existing debt obligations, dependents, source, and duration. Higher will be your income, the higher the loan amount you will be eligible for financial institutions.

Existing Credit:

In case you have availed of another personal loan, your chances of getting a new loan will be lower than if you have no other credit to repay.

By using the personal loan eligibility calculator, you can choose the loan amount wisely. It is one of the best ways to know the maximum loan amount you can avail of based on your income and ability to repay. The best part about using the eligibility calculator on our page is that after checking your eligibility, it also lets you apply for a personal loan online to get instant approval as you upload the scanned documents.

How to use the personal loan eligibility check calculator

• Click on the ‘Personal Loan’ section available on the lender’s website.
• After that, you need to fill in the required details as a first step to knowing your eligibility for a Personal Loan.
• Need to fill in details such as name, e-mail address, residence, employment type, name of the current company, monthly-in-hand salary, and contact details. After filling in the details, you will get an OTP on your registered mobile number to verify the contact details. Once the contact details get verified by providing the required OTP.
• Once you put the OTP on your application, the lender shares with you another list which includes details to be mentioned are Gender, Date of Birth, PAN, the mode you are getting a salary, PAN Number, Current residential address, Locality, and City and State which you belong.

Once you fill the above-required details, you get to know your Personal loan eligibility along with the best loan offers after checking your credit score and credit history.

Bajaj FinServ Personal Loan

Be it planning a trip to your dream destination, need funds for home renovation, or dealing with any medical or financial emergencies, apply for Bajaj FinServ Personal Loan. It is one of the best and quick ways to fulfill your financial requirements. When you apply for a Personal Loan online on FinServ MARKETS, you get the best loan offers.  Bajaj FinServ offers personal loans to their customers at an affordable interest rate starting from 12%. The loan is specially designed for people who need money and need instant cash to fulfill their demands.

Features of Bajaj FinServ

• It is offering affordable and flexible interest rates to the borrower to make the EMIs easy.
• One can apply a loan amount up to Rs 20 Lacs
• Instant online loan approval
• Easy and online documentation uploading
• 100% Contactless and Touchless process
• Flexible repayment options, ranging from 12 to 60 months
• Zero Hidden Charges and Low Processing Fee
• Check personal loan eligibility
• Offers you a platform to plan your EMIs well in advance

Benefits of applying Bajaj FinServ Personal Loan

Personalized Loan Offers

Personal Bajaj Finance offers the best deals at the best interest rate to the applicants. Here one can create customized loan offers.

Instant Approval

You will get instant approval on your loan after you fill in an easy online application form.

Cash within 2 days

Soon after the personal loan Bajaj Finance is approved, the funds are transferred right into the borrower’s bank account within two working days. Thus, we need no room for delay.

Real-Time Tracking Facility

After submission of your loan application at IndiaLends, you can check the Bajaj FinServ Personal loan status online and will receive updates of your submitted application form using both email and SMS.

The eligibility criteria to apply for Bajaj FinServ Personal Loan

• The applicant must be a resident of India
• The minimum age to apply for a loan is 23 years and the maximum age to apply for a loan is 58 years.
• Must be having at least 3 years of work experience.
• The minimum monthly salary requirement to apply for a Bajaj FinServ Personal loan is Rs 30,000.

The documents required to apply for a Bajaj FinServ Personal Loan

Identity Proof: PAN card/Passport /driving license /Voters ID card

Employment Proof: Letter from employer/ Employee ID card / Last 2 months Salary slips / Last 3 months salary bank account statement

Address Proof: Ration card / Passport / Recent mobile bill / Driving license/Aadhar Card

Bottom line

Bajaj FinServ Bank has collaborated exclusively with IndiaLends, an online marketplace that offers low-interest personal loans best suited for your needs. If you are seeking a Personal Loan with Bajaj FinServ Bank, you can simply fill up an online loan application form after checking your Loan eligibility.

Everything You Need to Know About Online Personal Loan

What is personal loan?

A personal loan is an unsecured form of debt that can be availed without pledging any collateral or security. All a person needs to do before applying for a personal loan is to check eligibility. The best part about going with an online personal loan is that all the verification processes are done just with a click of the mouse. All this becomes possible with the commencement of new-age technologies like Artificial Intelligence (AI) and Big Data. These technologies have made it easier for lenders to verify your eligibility faster and quick document verification. This, in turn, speeds up the loan disbursal process. 

Know about personal loan eligibility!

• Age must be between 18 years to 60 years.
• You can apply for this loan if you are salaried, and your monthly income should be at least 20,000 if you are residing in metro cities and Rs 15000 for non-metro cities.
• Individuals who work for a private company or are employed in a government job can avail an instant personal loan based on their creditworthiness.
• The final loan amount decision is in the hands of a lender based on a factor such as financial history and credit score.
• A person should have a credit score of 750 and above with a good credit history.

Required documents to get an online personal loan

There is no standardized list of documents as it may differ from lender to lender. But the basic documents required are listed below:

• Permanent Account Number (PAN)
• Address proof such as ration card, Aadhar card, passport, electricity bill
• Three months’ pay slips.
• Six months’ salary account bank statement

Process to apply for an online personal loan

• Login to the lender’s website or one can also download their mobile app to check the personal loan eligibility.
• Compare the various interest rates offered by various lenders ensures that you get the personal loan at low-interest rate.
• If you are meeting the eligibility criteria, then fill out an online application form and upload the scanned copy of the required documents.
• You can upload the documents on the website or send an e-mail with the attached documents on the e-mail address that is provided.
• Post verification of the documents, they will activate the instant disbursal of the loan amount to your account.
• This whole process will take a few hours.

Features like easy accessibility, instant approval, personal loan at a low-interest rate and easy repayment facility make online personal loan popular. The evolution has taken place in the process of applying personal loan has helped a lot of people in meeting financial requirements instantly.

A Step-By-Step Guide to Avail Quick Personal Loans Online

Among the many loans which are readily available in the market, personal loan is the most sought-after loan type and the reason is you can opt for the loan to meet any of your immediate financial requirement without the need of any collateral or security. The loan can be put to number of uses such as medical expenses, refurbishing your old house, higher education, wedding, travel or any other expenses.

Any salaried or self-employed individual can avail a personal loan online at the comfort of home or office. You don’t need to visit branch or call anyone to get the funds in your account as you can apply for a personal loan at your fingertips.

If you are planning to avail a quick personal loan, then here is the quick guide that can help you.

1. Fill the online loan application form accurately- When you plan to avail a personal loan to meet your emergency needs, you need to visit a lender’s website from where you want to apply. There you will get the application form wherein you need to fill in all your details like personal, employment and financial details. Make sure you fill the form correctly and completely. An incomplete or incorrect form can lead to your loan rejection.
2. Select the right loan amount and tenor- While applying for personal loans online, you need to choose the preferred loan amount that suits your current budget. Additionally, you also need to look at a longer tenor so that you are comfortable in paying back your monthly EMIs.
3. Ensure that you upload the right documents- A quick personal loan is an unsecured loan where borrowers do not need to put any collateral to avail the loan. The loan would be offered based on your previous repayment history and your credit score, which should not be less than 750. Also, you need to upload the required documents like proof of identity, proof of address, KYC documents, latest 3 months’ salary slips etc. correctly to make the loan process easier and faster.
4. Quick disbursal-Once your personal loan eligibility is cross-checked and the documents submitted by you has been verified by the lender. The lender will soon process your quick personal loan application and will disburse the loan amount within 24 hours.
5. Make sure to check eligibility criteria- Every financial institution has set its own eligibility criteria that you need to meet while applying for personal loans online. If you do not meet the eligibility, your loan application would be rejected. To avoid loan rejection, compare and cross-check your personal loan eligibility by making the use of online personal loan eligibility calculator.
6. Do not forget to check the rate of interest- Before you decide to apply for personal loan, it is necessary for you to check out the rate of interest along with the processing as well as prepayment charges. It is important to check because any small change in interest rate can make a major impact on your monthly EMIs.

Benefits of Instant Personal Loan

In this pandemic situation, when everyone is advised to stay at home for being safe and healthy. At that time, the online personal loan becomes a financial saviour for all those who are in dire need of cash.  Secondly, now everyone is working from home, they can’t stand in long queues by choosing the option of bank personal loan. Due to all these reasons, Instant Personal loan becomes a major need for everyone as compared to other form of Credit.

What is Instant Personal Loan?

 Earlier the Personal loan application process due to being long and tedious sounds boring and tiring. After the technological advancement and emergence of AI, things in the banking sectors have changed dramatically. It has given birth to the concept of digital lending and modern-day banking. The Instant Personal loan becomes a reality of today due to efforts of FinTech start-ups and other financial institutions including banks and NBFCs. It has made popular, app-based lending which comes up with the feature of quick loan disbursal and instant application processing. But these are not the only benefits, when anyone applies for a personal loan online, there are some other benefits also. Read here:

Easily get what you want

Due to the innovation of new-age lending apps, one can get an online loan easily up to 25 Lakhs. The loan amount limit of every lender is different but the online services starting from filing loan application to disbursement remains smooth.

Needs customer in front

Whenever you apply personal loan on the platform ofthe new-age app-based lenders, you will enjoy the best customer service. They will keep the customer requirements in front and help you to file a credit application at their leisure. They are offering 24×7 customer service.

You can easily compare loan offers online

The new-age-based lenders allow you a platform where you can make an easy comparison of almost 40+ lenders that includes both banks and NBFCs. The best part is that you will get a personalized relationship lender who will assist you in choosing the best loan offer.

You will enjoy real-time support

Online Personal loans come with a fast and efficient customer support team who will clear all your doubts related to eligibility criteria, repayment options, and procedures of filing a loan application. Not only your queries and doubts would be cleared off, even your loan application and documents will also be completed in minutes by the lender.

Brings transparency

The benefit of apply Personal loan online option, is that here the applicant gets an opportunity to choose the lender which suits them best in terms of loan tenure, interest rate, and loan amount. Whenever you file a loan application for an instant personal loan, it will display a list of all lender offers that help you to choose the best.

HDFC Bank Personal Loans – What Makes it Worthy of Your Choice?

A personal loan is one of the demanding credit products of all time. It is because of the quick processing, instant disbursal, and absence of collateral. These features make it very comfortable for the borrowers to avail funds through a loan. One can easily avail of this loan through the bank and NBFC of his/her own choice. HDFC Bank has reached the next level when it comes to personal loans. A personal loan from HDFC Bank comes with some additional benefits and offers. HDFC Bank is best known for its easy loan application processing and a wide range of branch network in every town and city. Any individual can apply for an HDFC Bank Personal Loan, but make sure you must have a stable source of income and a good credit score, preferably above 700.

Features and Benefits of HDFC Personal loans

Simple Online Loan Application

HDFC Bank uses updated technology and offers personal loans to its applicants through a 100% online process. Every step of availing a personal loan from HDFC Bank goes into an online process. Whether it may be filling the application form or uploading the required documents, the whole process goes online. All these upgradations make it easy for the borrower to avail of this loan.

Low-Interest Rates

HDFC Banks offer applicants competitive interest rates for the loans available for salaried, working professionals, self-employed individuals. Personal Loans from HDFC start at a minimum rate of 15% and goes to a maximum of 23.52% p.a. the interest rate offered to any individual depends on their CIBIL and eligibility.

Quick Loan Disbursal

HDFC Bank always makes sure that their applicants do not have to go through any hassle. HDFC Bank is one of the banks that offer fast personal loans. If you meet the eligibility criteria and have all the required documents with you, your loan will be disbursed within a few hours.

Minimal Documentation

The best part about HDFC Bank personal loans is that they require minimal documents. If the borrower is already an existing customer, then he/she needs to provide only the basic details. But if the borrower is new to HDFC, there will be a documentation process, but this is also very minimal concerning other banks and NBFCs. Whatever documentation is needed, it can be done on the online portal itself. 

Low Prepayment Charges

HDFC Bank offers personal loans at lower prepayment charges as compared to any other bank or NBFC. One of the additional features is that the prepayment charges are completely waived off after 36 months.

Eligibility for HDFC Personal Loan

• Age: HDFC offers Personal Loans to individuals who are at least 21 years old at the time of loan approval and a maximum of 60 years at the time of loan maturity.
• Nature of employment: Salaried or self-employed professionals can get a loan.
• Credit Score: 750 or higher is required.
• Minimum monthly salary: Your minimum in hand salary should be Rs. 18,000.
• Job stability: Applicants must have at least 2 years of work experience and a minimum of 1 year in the current job.

Documents required for HDFC Personal Loans

• Identity Proof: Voter’s Id Card/Passport/Driving License/Aadhaar Card.
• Address Proof: Aadhaar Card/ Passport/ Telephone or Electricity Bill/ Ration Card/ Rental Agreement.
• Bank statement: Bank statement of last 3 months or bank passbook of 6 months.
• Salary Slip: Salary slip of the last 3 months along with Form 16.

So, if you want to avail of funds instantly, apply for a personal loan from HDFC Bank with the lowest personal loan interest rate. For a hassle-free loan application, you can refer to the above guide.