Personal Loan Benefits

Find the Best Finance Consultants to get Quick Personal Loan : Bank Loans

What are all the Benefits of Personal Loan in India ?.

Personal Loans have become the talk of the town these days due to easy accessibility. One can make use of personal Loans for personal or business needs.

Best Personal Loan Consultants

Personal Loans are popular form of unsecured Loans. No collateral is necessary for Personal Loan approval and disbursal. Contact S & P Bank Loan Services for the best offer for all types of Loans in Chennai. Find the Best Personal Loan Consultants in Chennai.

What are all the Benefits of Personal Loan in India ?. | S & P Bank Loan Services in Chennai

Need of urgent funds to meet emergency expenses

In case you are in need of urgent funds to meet emergency expenses, Personal Loan is good choice. It has simple documentation and Loan Approval process. Personal Loans are security free Loans.

Easy Loan for person of salaried class or business class

You may be a person of salaried class or business class, expenses pop out of nowhere when you least expect them. Your savings may not enough or inaccessible for time being. In such cases getting a personal Loan is a smart choice.

Attractive Personal Loans of Banks & NBFCs

Banks & NBFCs offer attractive Personal Loans. They come at low interest rates to an applicant with good credit score. You may have continuous 6 month employment with decent credit history. Then you are eligible for Personal Loan. You can get Finance credit at low interest with no collateral. Your repayment tenure can be 4 – 5 years down the line

Attractive personal loans of Banks & NBFCs | S & P Bank Loan Services in Chennai

Fixed interest rates for personal loan

Borrowing personal has host of benefits. PERSONAL LOANS get approved very fast. You can borrow utmost credit finance through Personal Loan. EMIs remain the same as the interest rates remain fixed. The interest rates are lesser than credit cards. Some banks cater to applicants with less credit score too. They are versatile Loans that one can make use of any personal or business purposes. It is good for debt consolidation.

Personal Loan can help you improve credit score when you repay on time and in full. They are your emergency backup of funds which you can safe to rely on.

PERSONAL LOAN FOR MEDICAL EXPENSES

You never know when your health or the health of your loved ones need immediate medical attention. You may be wise to take out a medical insurance earlier. But medical insurance does not approve full amount of your medical expenses. They may disallow few medical expenses. Medical insurance does not cover all types of ailments or medical procedures. They do not include pre hospitalization and post hospitalization expenses.

A person who underwent hospitalization may incur expenses prior treatment and post treatment. Thus when one faces money challenges for medical treatments. , Personal Loan for medical expenses is a wise choice.

Popular insurance companies support only Allopathy or English medicine treatments. But Medical Loans could be for any other type of medicine treatments. It can be like Varma, Ayurveda or any other ailments too.

PERSONAL LOAN FOR EDUCATION

Education is a ray of hope for a better life. A good education lays good foundation for a success employment and career. One can enjoy good standard of living through great career. But education is not cheap in reputed institutes. You may have good grades. But sometimes you may not qualify for an Education Loan. Some banks may not approve Loans for certain courses ,universities or institutes.

In other cases Education Loan may not cover all expenses during your studies. Parents never leave a stone un-turned when it comes to their child’s Education. You or your kids planning to study may miss out a full academic year when you do not have funds for education. Under such scenario Education Loan is a good choice. Take up your dream education and repay with monthly EMIs at best interest rates.

PERSONAL LOAN FOR EMERGENCY

Life is unpredictable. There may be out of the blue expenses, medical emergencies or cash shortages in one’s life. These are the most dreaded problems of one’s life. At one time or other many people face these scenarios. Securing funds can be at times difficult for the borrower. Under such case borrowing Finance for emergency is a smart move.

PERSONAL LOAN FOR EMERGENCY | S & P Bank Loan Services in Chennai

Find the Best Finance Consultants to get Quick Personal Loan

Personal Loans for emergencies do not need collateral. They have low interest rates than credit cards. The can be repaid with fixed EMIs. You get funds quick and fast.

Top Personal Loan Consultants in Chennai

There is no fixed amount of finance range for emergency Personal Finance. This Loan market is under regulation of SBI and RBI. Hence you are safe to borrow Personal Loans for emergency needs.

Loan Consultancy areas Served
North ChennaiKarambakkamKanathurErukanchery
Manali new townVadapalaniMuttukaduBroadway
Kodungaiyur EastSaligramamKelambakkamPonneri
Kodungaiyur WestShakthi NagarKovalamAthipattu
MadhavaramSri Iyyappa NagarSiruseriCoimbatore
Madhavaram Milk ColonyVirugambakkamJamaliaSholavaram
Mathur MMDAAlwarthirunagarKallikuppamMinjur
PuzhalValasaravakkamPattabiramRed Hills
MoolakadaiThirunindravurKosapetEnnore
KolathurThirumangalamWest ChennaiAvadi
Parry’s CornerThirumullaivayalAlapakkamKodambakkam
RoyapuramThiruverkaduAnna NagarThirunindravur
VillivakkamNandambakkamAnnanurIyyappanthangal
PeramburNerkundrumAgathiyar NagarKattupakkam
KorukkupetNesapakkamAmbatturPoonamallee
TiruvottiyurNolamburBhuvaneshwari NagarThirumazhisai
VyasarpadiRamapuramChinmaya NagarThiruvallur
ManaliMugalivakkamC.M.D.A ColonyPallavaram
TondiarpetMangaduDefence ColonyPozhichalur
Vallalar NagarM.G.R NagarPadiAnakaputhur
EnnoreM.G.R GardenAyappakkam.Pammal
Old WashermenpetPallavan NagarThiruvallurKundrathur
KavangaraiPorurArakkonamMangadu
New WashermenpetPoonamalleeKoratturChrompet
KorukkupetMoulivakkamMogappair EastThiruneermalai
MannadiMMDA ColonyMogappair WestKeelkattalai
George TownSouth ChennaiArumbakkamChitlapakkam
Seven Wells East ChennaiAvadiTambaram
Basin BridgeMylaporePudurSelaiyur
SowcarpetPerungudiMaduravoyalMadambakkam
Park TownSholinganallurKoyambeduMedavakkam
PeriametuAlandurAshok NagarSithalapakkam
ChoolaiAdyarKK NagarKovilambakkam
VepperyBesant NagarKK Nagar WestNanmangalam
PattalamTriplicaneKK Nagar EastKarapakkam
PulinanthopeT. NagarOragadamPallavaram
M.K.B NagarThiruvanmiyurAyapakkamTambaram
Sharma NagarSaidapetPattravakkamPerungalathur
SelavoyalGuindyThirumullaivoyal northPalavanthangal
EdapalayamMadipakkamAvadi northPeerkankaranai
MAnjambakkamNanganallurRedhillsMudichur
PonniammanmeduVelacheryAjaxVandalur
SembiamTaramaniKathivakkamKolappakkam
T.V.K NagarPallikaranaiErnavurKandigai
ICF Colony northKeelkattalaiWIMCOMambakkam
CentralKovilambakkamSathangaduPudhupakkam
PadiThoraipakkamRajakadaiPalavakkam
KoratturNeelankaraiKadambakkamVaradharajapuram
Lakshmi puramInjambakkamKathirveduMedavakkam
Ambattur northChromepetMoolakothiramPazhaverkadu

 

CIBIL score

Find Top Bank Loan Consultants for Low Cibil Score 

CIBIL Score – Cibil Top credit information company in India

Transunion CIBIL Limited is the top credit information company in India. The company has got credit info access of 600+ million people. Moreover, They have 2400 members aboard. Of whom top lenders are inclusive. Find Top Bank Loan Consultants for Low Cibil Score.

Most trusted credit rating companies

In India, CIBIL is one of the most trusted credit rating companies. They offer credit score or rating to persons or business organizations. Meanwhile, This score or rating is also known as CIBIL Score. Often credit score and CIBIL score is being used as synonyms.

CIBIL has access to all your financial transactions of borrowings ,repayments & credit history. On the other hand, They assess your financial history and give ratings as CIBIL score.

What is CIBIL score?

CIBIL score is the one of the most vital credit evaluation factor. By all means,  It is like yardstick measurement of your creditworthiness. By the way, It is based on your earlier financial activities.

Find Top Bank Loan Consultants for Low Cibil Score. 

Credit rating given by Transunion CIBIL Ltd.

CIBIL score is the Credit score or credit rating given by Transunion CIBIL Ltd. Most of all, This score gets determined by CIBIL based on your credit history & CIBIL report. CIBIL maintains your credit record containing financial info.

Popular credit info companies

There are other popular credit info companies like Equifax, Experian and High Mark. They have their own credit scoring systems. But CIBIL is the leader in the credit info world. Majority of Banks consider CIBIL score of a Bank Loan applicant.

CIBIL score before Loan Approval.

Every finance company or lender examines CIBIL score before loan approval. For instance, a doctor determines your vitals before a medical process. In the same way a lender examines your credit score before loan processing. Choose the best bank Loan Consultants for Low Cibil Score

Credit worthiness of Loan Applicants

The credit info company, Transunion CIBIL has link with most of the top banks. Of course, This makes it easy for them to assess credit worthiness of millions of loan applicants. CIBIL score is a 3 digit number. Above all, It range between 300 & 900.

Good financial discipline and integrity

High CIBIL score implies that proposed applicant has good financial discipline and integrity. Whenever you apply for loan or credit card your latest score for last 6 months gets checked. In general score above 700 is a good score. Yet some banks may have higher standards and some banks do not mind these scores at all.

What is Credit Score? Why maintaining a good credit score is important?

Credit score defines the creditworthiness of a person or business. Let’s compare credit score to average exam score. If your average mark is 60, then it means you are consistent persons scoring 60. This makes you a good student. When your credit score is high, your past borrowings & repayments were responsible.

Reliability or risky nature of loan applicant

Credit score showcases the reliability or risky nature of loan applicant. Thus credit score has great impact on loan eligibility,. loan amount approval & interest rate. The lenders will be able to assess potential risk in lending you the money. Credit score has great influence when you borrow no collateral or unsecured loans.

Good business credit score

Like an individual, business credit score also impacts business image and credibility. A good business credit score will help them secure huge investments. Advantages of CIBIL score are as follows

  • Full loan amount approval
  • Low interest rate-Better loan terms.
  • Lower loan cost.
  • Quick processing.
  • Pleasant Loan Experience.
  • Good repayment terms.
  • Power of bargaining
  • Portrays great image
Full loan amount approval-

A good CIBIL score clears all your loan processing hurdles. Many lenders will be competing with each other to lend you. Hence you can be sure of getting full amount of money you applied for loan.

Low interest rate-

There will be competition among lenders to offer you loan as you have good CIBIL score. Many credit offers will have low of interest rate

Better loan terms. –

Many banks or NBFCs are ready to offer better loan terms for good CIBIL score applicants. They may waive off loan processing fees or legal fees or approval charges too. Some banks may not need collateral or guarantor for good applicants. Hence you can get better loan terms

Lower loan cost. –

You enjoy benefit of getting loans at lower cost with better loan terms. It may be like no loan processing fees or legal fees or approval charges.

Quick processing. –

Banks and finance companies give priority to applicants with good CIBIL score. It involves simple documentation and hassle free loan process.

Pleasant Loan Experience. –

Impressive credit image and great CIBIL score goes a long way in a finance world. All loan hurdles gets vanished making you getting finance a pleasant Loan experience

Good repayment terms. –

Your banker can agree to your convenient loan repayment tenure when you have good CIBIL Score. Make use of this great opportunity with maintaining good CIBIL score.

Power of bargaining.-

CIBIL score gives the borrower the power of bargaining. There are many lenders in the market to offer loans to applicants with good credit score. Hence you have the bargaining power chip on your shoulder with good CIBIL score.

Portrays great image.-

Honesty and responsibility are positive qualities. Financial responsibility and integrity are great traits valued in business world. A good credit score helps you to impress your lenders with great positive image

What we should do when we get a loan

Getting your loan approved and having money in your account is not the end of the story. In fact it is the beginning of your credit record. In case if you are first time borrower, credit information companies opens new record. Past borrowers’ are also on track of , credit evaluation companies. Hence you will be under the radar of the credit info companies. They keep track of repayments, foreclosures and delayed payments/defaults. This will have great impact CIBIL or credit score. Credit history has big effects on possibilities of getting new loans in future.

Repay EMIs on time and be regular

As a borrower it is your financial responsibility to repay your EMIs on time every month as agreed. This helps you to have financial discipline in repayment of dues. Be it a short term credit or small loan dues make payment on time and in full. Loan repayment delays & defaults may hamper your credit profile and future loan opportunities.

During emergencies, give priority to loan repayments. They attract penalties and extra interest. To avoid missing due dates, you can give ECS to bankers.

Be a responsible borrower

Loans do not come cheap and free. You have the responsibility to repay your loan with interest. You may be eligible for loan. But that does not mean you to borrow for your luxuries or investment splurges. Borrow when you have need. Use the funds in a wise way. Overcome your financial needs.

Get Loan insurance

Insurance on loan is a smart move for both the borrower and lenders. In particular when the loan amount is huge and is of long tenure. Loan insurance covers the risk of un-affordable debt to your family. The repayment burden may come upon them on dire circumstances. Term insurance for loan not only covers a single loan but a group of loan too covering a fixed period. There will not be any problem when you switch lender.

Keep-up your market research

It is always a good habit to keep track of financial market when you are borrower. Banks and NBFCs often float attractive loan offers. These may be profitable than your ongoing loan. Under such cases you can replace your current lender with the profitable loan option. You may also need to consider the prepayment charges, penalties and other fees too.

Comprehend the loan contract

Loan contracts are full of legal clauses and phrases. They may be difficult to understand and comprehend for a common man. It is important you deduce all the points. It is wise to seek help of Advocates or Chartered accountants to go over your Loan contract.

Debt consolidation

When you have many loans running with high costs, debt consolidation is good. This move will help you ease monthly EMIs or interest rates or tenure. When you provide collateral or make bulk repayments your loan cost comes down.

Keep your retirement corpus safe

Parents do not want to burden their children with loans. A dip in your retirement fund for your child education may not be a good idea. You have education and student loan for those finance needs. Hence plan your finance options and keep your retired life at peace.

Update your family and spouse about loan

It is important to keep your spouse and family about your borrowings. As it has great impact over your household finance. You need to have their co-operation too as it may impact the family budget. It reduces your emotional burden when your family supports you.

Find Top Bank Loan Consultants for Low Cibil Score

Loan Serves in Areas Served as as follows

North ChennaiKarambakkamKanathurErukanchery
Manali new townVadapalaniMuttukaduBroadway
Kodungaiyur EastSaligramamKelambakkamPonneri
Kodungaiyur WestShakthi NagarKovalamAthipattu
MadhavaramSri Iyyappa NagarSiruseriCoimbatore
Madhavaram Milk ColonyVirugambakkamJamaliaSholavaram
Mathur MMDAAlwarthirunagarKallikuppamMinjur
PuzhalValasaravakkamPattabiramRed Hills
MoolakadaiThirunindravurKosapetEnnore
KolathurThirumangalamWest ChennaiAvadi
Parry’s CornerThirumullaivayalAlapakkamPattabiram
RoyapuramThiruverkaduAnna NagarThirunindravur
VillivakkamNandambakkamAnnanurIyyappanthangal
PeramburNerkundrumAgathiyar NagarKattupakkam
KorukkupetNesapakkamAmbatturPoonamallee
TiruvottiyurNolamburBhuvaneshwari NagarThirumazhisai
VyasarpadiRamapuramChinmaya NagarThiruvallur
ManaliMugalivakkamC.M.D.A ColonyPallavaram
TondiarpetMangaduDefence ColonyPozhichalur
Vallalar NagarM.G.R NagarPadiAnakaputhur
EnnoreM.G.R GardenAyappakkam.Pammal
Old WashermenpetPallavan NagarThiruvallurKundrathur
KavangaraiPorurArakkonamMangadu
New WashermenpetPoonamalleeKoratturChrompet
KorukkupetMoulivakkamMogappair EastThiruneermalai
MannadiMMDA ColonyMogappair WestKeelkattalai
George TownSouth ChennaiArumbakkamChitlapakkam
Seven Wells East ChennaiAvadiTambaram
Basin BridgeMylaporePudurSelaiyur
SowcarpetPerungudiMaduravoyalMadambakkam
Park TownSholinganallurKoyambeduMedavakkam
PeriametuAlandurAshok NagarSithalapakkam
ChoolaiAdyarKK NagarKovilambakkam
VepperyBesant NagarKK Nagar WestNanmangalam
PattalamTriplicaneKK Nagar EastKarapakkam
PulinanthopeT. NagarOragadamPallavaram
M.K.B NagarThiruvanmiyurAyapakkamTambaram
Sharma NagarSaidapetPattravakkamPerungalathur
SelavoyalGuindyThirumullaivoyal northPalavanthangal
EdapalayamMadipakkamAvadi northPeerkankaranai
MAnjambakkamNanganallurRedhillsMudichur
PonniammanmeduVelacheryAjaxVandalur
SembiamTaramaniKathivakkamKolappakkam
T.V.K NagarPallikaranaiErnavurKandigai
ICF Colony northKeelkattalaiWIMCOMambakkam
CentralKovilambakkamSathangaduPudhupakkam
PadiThoraipakkamRajakadaiPalavakkam
KoratturNeelankaraiKadambakkamVaradharajapuram
Lakshmi puramInjambakkamKathirveduMedavakkam
Ambattur northChromepetMoolakothiramPazhaverkadu