Which loan is best for salaried person?
Which loan is best for salaried person?
Interest Rates Offered by Top Lenders on Personal Loans for Salaried Individuals
| Name of the Bank | Interest Rate (p.a.) | Loan Amount |
|---|---|---|
| Yes Bank | 10.99% onwards | Up to Rs.40 lakh |
| Union Bank of India | 8.90% p.a. – 13.00% | Up to Rs.15 lakh |
| DCB Bank | Contact the lender for more information | At the discretion of the lender |
Which private bank gives loan easily?
Top Private Sector Banks Offering Personal Loans
| Bank | Interest Rate (p.a.) | Repayment Tenure |
|---|---|---|
| Citibank | 10.99% to 13.75% | 12 months to 60 months |
| Deutsche Bank | 24% | 12 months to 48 months |
| Federal Bank | 10.00% to 27.00% | Up to 48 months |
| RBL Bank | 12.00% to 26.00% | 12 months to 60 months |
Can we get tax exemption on personal loan?
A personal loan is not considered a part of your income and is, therefore, not taxable. There are no tax benefits on personal loans. Only certain loans which are secured and for specific purposes have tax benefits, such as a home loan or secured business loans.
Which bank gives loan on salary?
IDBI Bank Personal Loan IDBI Bank offers personal loans to salaried employees who earn Rs. 1,80,000 per annum or Rs. 15,000 per month. While the exact loan amount that you can borrow will vary based on your income and repayment capacity, you will need to borrow at least Rs.
How much home loan can I get on 50000 salary?
Home loan eligibility based on salary
| Age | Net monthly income (in Rs.) | |
|---|---|---|
| 25,000 – 50,000 | 75,000 | |
| 25 Years | 18.64 lakh – 37.28 lakh | 55.93 lakh |
| 30 Years | 18.64 lakh – 37.28 lakh | 55.93 lakh |
| 35 Years | 18.64 lakh – 37.28 lakh | 55.93 lakh |
How can I get personal loan without salary slip?
How to get a Personal Loan without a salary slip in India
- Produce an alternate proof of income.
- Maintain a healthy credit score.
- Offer to pledge an asset as security.
- Sign up for funding with a co-applicant.
- Find a lender with simple eligibility terms.
Where can I get a personal loan in Chennai?
Personal loan is instantly available in Chennai as there are multiple banks, NBFCs, and money lenders which provide personal loan in Chennai with low interest. The interest rate on these loans starts just from 11.49% only.
What is an emergency loan in Chennai?
Emegency and urgent needs of money can be provide for personal loan. And the lowest interest rate for personal loan in chennai. Emergency loans are give amounts to help students in critical short-term emergencies.
Where can I get a personal loan in Hyderabad?
A few of the prominent banks and non-banking financial companies (NBFCs) that offer personal loans in the city include: 1 State Bank of India (SBI) 2 Aditya Birla. 3 Tamilnad Mercantile Bank. 4 Tata Capital. 5 ICICI Bank. 6 Indian Bank. 7 Andhra Bank. 8 Axis Bank. 9 HDFC Bank. 10 Kotak Mahindra Bank.
What is a private personal loan?
Private Personal Loan is available resons of son/daughter marriage expenses, education expenses and business expenses is provide private loans. We can arrange private cash loan within just few days from Rs. 50,000/- to 5.00 Lac for “salaried (Govt./Semi-Govt./Private/MNC) peoples”. Loan Tenure : 10 Months.
