A personal loan is a small amount of money borrowed from, usually, a bank for personal use. The money borrowed may be used for multiple purposes like wedding, vacation, buying new furniture or any other immediate need. Most of the banks today provide a personal loan option. Personal loan interest rates and the loan amount varies from bank to bank and on the amount. A good personal loan calculator can provide this information in minutes.
Personal loans can help customers in getting emergency funds. These loans are unsecure and there is minimum documentation required for applying. The approvals for personal loans are also quite easy since there is no need for specifics of the requirement. Job security and good credit score play a crucial role in the approval of the personal loans.
With so many options available in the market, it can be overwhelming for you to assess which loan option is the best fit for you. The best option would for you would depend on your requirement, eligibility, CIBIL Score, employment, salary and other factors. At LogintoLoans you get the assistance to pick out the right loan option. We have interactive services that help you compare the personal loan interest rates and other benefits. With our services, you can secure good personal loans in Hyderabad.
Features & Benefits of Personal Loans
Loans available from Rs. 50,000/- to Rs. 15 lakhs
Flexible repayment options - Loan tenors range from 12-60 months for salaried individuals
Doorstep Service – Book an appointment with any of our representatives on phone and get assistance in completing loan related formalities
Gain quick approval on loans
Minimal paperwork and hassle-free processing
Attractive interest rates
Types of Personal Loans Available
Bad Credit Personal Loans – If you have a bad credit history, getting a personal loan may be difficult. We at LogintoLoans, know what is required to get a personal loan approved for bad credit history. We provide assistance in such case and make getting a personal loan approved easier for you.
Business Start-up Loan – This loan is specifically designed for start-ups that may not have a business history. This loan gives the customer 15-month credit free period. After that the personal loan interest rates may vary from 7.9% to 19.9%.
Same Day Loans – Same day loans are available for any urgent unexpected expense. We help you in getting approval for same day personal loans in Hyderabad.
Unemployed Personal Loans – In case you are unemployed and need a personal loan, we provide you assistance in getting a personal loan till you get your next pay-check. The personal loan interest rates for such loans are higher than the other categories.
Corporate Loan – Business loans can take a long time to get approved. Personal loans provide an easy method to get loan for your business. These loans are ideal for small business owners who lack any collateral to pledge.
Home Improvement Loan – LogintoLoans gives you loan for your redecoration or renovation needs. The personal loan interest rates for such loans vary from 9% to 12.5%.
Medical Loan – Medical emergencies can come any time. A personal loan can ease the financial stress of the situation and lets you focus on health of you or your loved one. Personal loans are easy to get with the only dependency on a good credit score and job stability.
Marriage Loan – Marriages can be very elaborate costing people lacs of rupees. No matter how much you would have saved, it may seem a little less when it comes to an event like a wedding. To get out of the dilemma of staying within budget or having the wedding of your dreams, personal loans prove to be a good option. These loans get approved easily if you have a stable pay-check. Third party service providers can also help you move up the queue quickly for faster processing of your application.
LogintoLoans gives a detailed comparison of personal loan interest rates and processing fee for you to select your best personal loan option. Through interactive services, we provide personal loan calculator that can provide you details based on your requirement in no time.
Personal loans provide an easy approval access to money for a variety of purposes. It bears a lot of benefits to the users:
Flexible Financial Tool – Personal loan applications do not have much restriction on the purpose for which the loan can be used. The loan amount can be used for a variety of things like home improvement to medical expenses. This gives the you the flexibility of spending money where it is most required for you.
Quick Approval – These loans have minimum formalities and documents requirements. Usually the banks approve personal loans within 72 hours of applying.
Improve Your Credit Usage Profile – Unforeseen expenses can shake up your finances at any time. In case you go over your credit card limit, you can take personal loan to repay the amount to the bank. This helps you in keeping a good credit score for future loans and credits.
Less Documentation – The documentation required to get approval for a personal loan is very less because these loans do not require any collateral for approval.
Our work speaks volumes. Hear our clients talk about the ease with which we have provided personal loans to them for a variety of purposes. Our process provides personal loan calculator that helps in instant calculations of processing fees and interest rates.
Eligibility Check For Personal Loan
Employment for two years/ employed with current employer
In business since last 5 years
4000-20000(varies for different banks)
250,000-10,0000(varies for different banks)
CIBIL score 350 – 900
CIBIL score 350 - 900
Passport Copy/ Utility Bill (Electricity, Water)/ Rental Agreement/ Ration Card.
1.50%-2.00% of the loan amount + Service Tax, as applicable.
Upto 2.50% of the loan amount + ServiceTax,asapplicable
Upto 6.5% of the loan amount
Upto 23% per annum
Upto 2.5% of the loan amount
Upto 2.25% of the loan amount
Upto 2% + ST + Other levies
11.29% to 20.00%
Upto 2.5% of the loan amount,
subject to a maximum of 25,000 INR and a minimum of 1,000 INR
Flexible Financial Tool
Banks have no restrictions on the purpose which personal can be used. These loans offer great flexibility to the borrower. They can use the loan amount for anything like consolidation of debt, marriage expenses, and medical expenses and so on.
These personal loans are approved quickly because they are unsecured. Few banks will approve the loan instantly and few take a maximum period of 72 hours for approval.
Improve Your Credit Usage Profile
Establishing a good credit history is important for many reasons. Your credit utilization affects 30% of your credit score. If you crossed your credit card limit to address some uncertain expenses, it is a good idea to avail a personal loan and pay off your credit bills. It not only keeps your credit score unaffected but also keeps you away from that revolving credit interest rates which oblige you to pay a high amount.
As these loans are collateral free, you need to complete very little documentation when compared to other types of loans.