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Personal Loan India


IDBI Bank Personal loans offer you flexible repayment schedule and lower interest rates. Avail a personal loan or overdraft facility in easy steps. – PowerPoint PPT presentation

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Title: Personal Loan India

Personal Loan India
  • Opting for a personal loan? Then, there is great
    need to take an overview of its services and
    terms conditions. Either if you get stuck in a
    debt of personal loan, there are some techniques
    that you can follow to relieve yourself from
    debt. These techniques include

Monetizing Assets
  • If you own assets like Life Insurance Policies,
    Tax Saving Certificates, Car, Home, Shares, Bonds
    Debentures, Bank Fixed Deposits, Mutual Funds
    and gold jewelry etc. Then, you can monetize
    these assets to pay off your debt. As there are
    many banks that offer loan against assets which
    carries a low interest rates. It could set you
    free from your personal loan.

Debt Consolidation
  • Debt Consolidation is also a good option to
    consider for your Debt settlement. This is a
    method when you could pay your debt at lower and
    fixed interest rates. Moreover, it offers lesser
    monthly installments. Basically, what Debt
    Consolidation overall about is that in this
    method, all the existing debts of a customer are
    combined to form a single personal loan. A
    consolidation agency looks over this whole
    process. Then, the agency pays off all the
    existing loans of a customer and the customer
    just needs to pay that single debt amount.

Convert your loan to a secured loan
  • You can convert your home or vehicles loan to a
    secured personal loan but only on one condition,
    if your property is free from debts. As there are
    many benefits of a secured personal loan India
    like it offers lower credit costs, you can use
    secured personal loan for a higher amount of
    money and it also offers interests at better

Personal Loan In India
  • Despite many benefits, it also has some drawbacks
    like the customer have to make regular
    installments and if the one do not pay these
    installments on time, then the lender can even
    sell your property. The other drawback is that
    you could land yourself into serious financial
    problems, if you face money losses like job loss,
    illness or other. So, it's better that you could
    opt for this option only if you have some sort of
    income protection.

Evaluation of other options in financial market
  • You can look up for other products like you can
    do monetization of your assets, sells your
    shares, bonds or debentures. Also, the premature
    closing of your fixed deposits could be of great
    help. The best way to get funds is from the banks
    that you use to credit your salary. As the bank
    knows your track record, your income or
    withdrawal transactions, the banks proves to be a
    better option before you for a secured personal
    loan. Probably, they offer you the lower rates of

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