Getting a personal loan is a good idea if you have a stable income and a good credit score because you will then be offered a low rate of interest. On the contrary, with an unstable job and a low credit score, the interest rate offered to you will be comparatively higher.
Personal loans are installment loans; if you’re approved, you’ll receive a lump sum of cash that you repay in fixed amounts on a monthly basis until the loan term expires. To determine whether you qualify for a personal loan, a lender will check your credit and income and gauge your ability to afford the loan.
Features of Personal Loan
A personal loan allows you the freedom to use the money in any way you want. … A personal loan is an ‘unsecured loan’, meaning you are not required to provide any security to the lender in the form of cash, shares or any other assets.
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GS Enterprises is partnered with tops banks to give you best loan facilities at attractive interest rates. We bridge the gap between you and our partner banks to provide you one stop solution for all your loan needs. Easy Credit Finance does not let you wander in search of banks. We let you compare and choose the best for yourself.
You deserve a better personal loan
Here are common reasons to take out a personal loan: Consolidate high-interest debt: Taking a personal loan is one way to consolidate high-interest debt, such as credit card debt, into a single payment. Ideally, the loan has a lower interest rate than your existing debt and allows you to pay it off faster.
Eligibility Criteria
Proof of identity documents: Aadhar card, passport, pan card or voters ID card etc. Proof of address documents: Aadhar card, passport, telephone or electricity bill, Shop & Establishment Act certificate (for self-employed individuals), among others. Proof of income documents: Bank statement of the last six months.
