Are you planning to take out a Personal loan? If so, are you an employee of TCS, Infosys, Cognizant, or any other IT giant? Well, if you’re working for a software company, getting a Personal loan is simple and easy. All you need to do is to get in touch with us by a call or text. You’ll have the money in your account within a few hours or a couple of days maximum.
Personal loans to private company employees
Many public sector banks do not encourage personal loans to private company employees. Non-listed company employees struggle to get personal loans during their hour of need. It is a different story when you are software company employee.
Top notch banks & NBFC are competing with each other. They want to attract a software company employee client.
They provide special offers and discounts on loan products and services.
Does Employers status affect getting Personal Loan?
The status of your employer plays a crucial role in personal loan approval. It’s widely recognized that personal loans are among the most popular forms of unsecured loans. Since there’s no collateral involved, lenders naturally have more concerns about loan repayment. Therefore, the stability of your employer’s company and your income are of utmost importance for ensuring successful loan recovery.
Personal loan to premium level companies at low interest rates
Employers are classified by Banks and NBFCs into various levels, based on factors such as stability, stock listing, and others. Software companies typically fall under the Premium level of classification. Banks tend to offer personal loans to premium level companies at lower interest rates. Additionally, they take into account the eligibility of applicants.
Financial services industry
Working with Software Company has got its own perks. Five days a week work, good pay check and other benefits.
To top it all, software companies cast good image with financial services industry.
Why software employees are special to Financial Industry ?
Being a software employee is considered a white-collar job, and working with a software company is a matter of pride. Moreover, you establish a positive image within the financial industry by being associated with an IT company. In the realm of software companies, employees are regarded as invaluable assets. These companies spare no effort in ensuring the happiness of their employees, prioritizing employee morale above all else. The attractive paycheck and the five-day work week serve as great attractions as well. Furthermore, these companies prioritize maintaining a healthy work-life balance for their employees.
Software company benefits
Most of the software companies have great stability. Moreover, They are top listed companies on the stock market. Of course, This ensures that the software company is in for the long haul. Finally, Their workers may want to stay with the organization for various company benefits.
With steady income the workers may not default loan repayment.
How to get personal loan for software company employee?
As a software employee, obtaining a personal loan has become quite easy these days. Simply provide us with the details of your company name, city, income, experience, and desired loan amount. Our S & P loan consultants will then contact you with multiple loan offers based on your eligibility. From there, you can select the best deal that suits your needs.
What are the benefits of personal loan for a software company employee?
Software employees enjoy a multitude of benefits on the work front, including good work-life balance, a positive work culture, and more. Moreover, financial institutions hold software companies in high regard, considering their substantial net worth, often running into billions. Recognizing employees as their most valuable assets, software companies are reciprocated with special loan privileges from financial institutions.
A software employee gets the following benefits of personal loan
- Low rates. –
- Convenient tenure. –
- Huge funds-
- Quick approval and disbursal.
- Least paperwork
Low rates
Software employees get low rate of interest for personal loan. It is less than the normal rates trending in the market
Convenient tenure
These staff gets to make loan repayments through easy EMIs convenient to them. S & P bank loan services can support you with managing EMIs up to loan closure with no extra penny.
Huge funds
Software staff can avail of significant finance, up to 20 lakhs, as a personal loan. However, the loan amount may vary from bank to bank, depending on eligibility and other factors. With S & P bank loan services, we assist you in securing more funding at low interest rates and with additional perks.
Quick approval and disbursal
Your loan processing, approval and disbursal can happen within few hours to a couple of days max. When time is critical factor of finance, S & P bank loan services can help you get money fast.
Least paperwork
Software employees need not have to go through task of submitting various proofs. They need not fill various forms. S & P loan consultants can handle the job for you.
What is the rate of interest for personal loan for software company employees?
Many banks and NBFC are paying attention to software company employees. Furthermore, They provide attractive personal loan offers. The rate of interest for personal loan for software company workers range between 10.5% to 15%. It varies from bank and bank. It also depends on other factors like loan amount, tenure and eligibility. Some even consider credit score and history as it is no collateral loan.
What are the documents and details necessary for personal loan for software Company employees ?
- A copy of Company ID
- PAN card
- Address proof- any one with present address – utility bill/rent agreement/Passport
- Aadhar
- Last 6 months salary slips
- Last IT returns filed or Form 16
- Other documents
In case you need any clarifications our S & P loan consultants are ever ready to support you.
Software company employees’ eligibility for personal loan
The criterion for personal loan eligibility varies from bank to bank for software-staff
- Age of the employee has to be 23 years – 58 years
- Least monthly income must be above Rs. 17000 for tier 2 cities and Rs,25000 for tier 1 cities
- Credit score above 750
- Loan amount up to Rs. 20 Lakhs
Loan approval depends on various add on fees like processing fees and others too. The following are some of the fees applicable for personal loan
- Processing fees
- Foreclosure fees
- Delay charges
Processing fees
It is the fees charged by the lender to assess your loan application. In fact, Some banks waive off this amount based on loan amount and employer
Foreclosure fees
The bank charges this fees when a borrower wishes to repay the loan early than the agreed period.
Delay charges
Some borrowers may pay the EMIs late. Under such case, the bank charges delay charges along with EMI repayments.
S & P Personal Loan advisers for Software Company
We understand that a borrower is always anxious when applying for personal loan. Do not worry. Our S & P Loan advisers are right here to guide you through your loan journey. Finally, We ensure you have a pleasant loan experience for years to come.
Read More
- Personal Loan for Salaried Employees
- CIBIL score
- Personal Loan with Low CIBIL score
- NBFC Non Banking Finance Company vs Banking Finance
Personal Loan Consultation is available for the following areas
| North Chennai | Karambakkam | Kanathur | Erukanchery |
| Manali new town | Vadapalani | Muttukadu | Broadway |
| Kodungaiyur East | Saligramam | Kelambakkam | Ponneri |
| Kodungaiyur West | Shakthi Nagar | Kovalam | Athipattu |
| Madhavaram | Sri Iyyappa Nagar | Siruseri | Coimbatore |
| Madhavaram Milk Colony | Virugambakkam | Jamalia | Sholavaram |
| Mathur MMDA | Alwarthirunagar | Kallikuppam | Minjur |
| Puzhal | Valasaravakkam | Pattabiram | Red Hills |
| Moolakadai | Thirunindravur | Kosapet | Ennore |
| Kolathur | Thirumangalam | West Chennai | Avadi |
| Parry’s Corner | Thirumullaivayal | Alapakkam | Kodambakkam |
| Royapuram | Thiruverkadu | Anna Nagar | Thirunindravur |
| Villivakkam | Nandambakkam | Annanur | Iyyappanthangal |
| Perambur | Nerkundrum | Agathiyar Nagar | Kattupakkam |
| Korukkupet | Nesapakkam | Ambattur | Poonamallee |
| Tiruvottiyur | Nolambur | Bhuvaneshwari Nagar | Thirumazhisai |
| Vyasarpadi | Ramapuram | Chinmaya Nagar | Thiruvallur |
| Manali | Mugalivakkam | C.M.D.A Colony | Pallavaram |
| Tondiarpet | Mangadu | Defence Colony | Pozhichalur |
| Vallalar Nagar | M.G.R Nagar | Padi | Anakaputhur |
| Ennore | M.G.R Garden | Ayappakkam. | Pammal |
| Old Washermenpet | Pallavan Nagar | Thiruvallur | Kundrathur |
| Kavangarai | Porur | Arakkonam | Mangadu |
| New Washermenpet | Poonamallee | Korattur | Chrompet |
| Korukkupet | Moulivakkam | Mogappair East | Thiruneermalai |
| Mannadi | MMDA Colony | Mogappair West | Keelkattalai |
| George Town | South Chennai | Arumbakkam | Chitlapakkam |
| Seven Wells | East Chennai | Avadi | Tambaram |
| Basin Bridge | Mylapore | Pudur | Selaiyur |
| Sowcarpet | Perungudi | Maduravoyal | Madambakkam |
| Park Town | Sholinganallur | Koyambedu | Medavakkam |
| Periametu | Alandur | Ashok Nagar | Sithalapakkam |
| Choolai | Adyar | KK Nagar | Kovilambakkam |
| Veppery | Besant Nagar | KK Nagar West | Nanmangalam |
| Pattalam | Triplicane | KK Nagar East | Karapakkam |
| Pulinanthope | T. Nagar | Oragadam | Pallavaram |
| M.K.B Nagar | Thiruvanmiyur | Ayapakkam | Tambaram |
| Sharma Nagar | Saidapet | Pattravakkam | Perungalathur |
| Selavoyal | Guindy | Thirumullaivoyal north | Palavanthangal |
| Edapalayam | Madipakkam | Avadi north | Peerkankaranai |
| MAnjambakkam | Nanganallur | Redhills | Mudichur |
| Ponniammanmedu | Velachery | Ajax | Vandalur |
| Sembiam | Taramani | Kathivakkam | Kolappakkam |
| T.V.K Nagar | Pallikaranai | Ernavur | Kandigai |
| ICF Colony north | Keelkattalai | WIMCO | Mambakkam |
| Central | Kovilambakkam | Sathangadu | Pudhupakkam |
| Padi | Thoraipakkam | Rajakadai | Palavakkam |
| Korattur | Neelankarai | Kadambakkam | Varadharajapuram |
| Lakshmi puram | Injambakkam | Kathirvedu | Medavakkam |
| Ambattur north | Chromepet | Moolakothiram | Pazhaverkadu |