Low Salary Personal Loans: A Long-Due Respite for India’s “Common Man” - PowerPoint PPT Presentation

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Low Salary Personal Loans: A Long-Due Respite for India’s “Common Man”

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Although enough has been said and written about the needs and wants of the “common man”, it seems the whole world is designed for the ones holding the strings. The case in financial services is not very different. In a country like India, where people go scot free even after defaulting on loans worth thousands of crores, getting a personal loan has been an ordeal for low-salaried individuals. But that is now changing; thanks to the companies offering low salary personal loans. – PowerPoint PPT presentation

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Date added: 25 November 2020
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Title: Low Salary Personal Loans: A Long-Due Respite for India’s “Common Man”


1
Low Salary Personal Loans A Long-Due Respite for
Indias Common Man
2
  •   Although enough has been said and written
    about the needs and wants of the common man, it
    seems the whole world is designed for the ones
    holding the strings. The case in financial
    services is not very different. In a country like
    India, where people go scot free even after
    defaulting on loans worth thousands of crores,
    getting a personal loan has been an ordeal for
    low-salaried individuals. But that is now
    changing thanks to the companies offering
     offering low salary personal loans. What are low
    salary personal loans,you ask? Read on. 

3
What are Low-Salary Personal Loans?
  • Low salary personal loans are similar to
    traditional personal loans, albeit with a few
    differences. To begin with, a low salaried
    employee can draw anywhere between ?10,000 to ?2
    Lakhs.Besides, as the loan range is not too high,
    the repayment period is also usually shorter than
    traditional personal loans. Heres another aspect
    worth noting the interest rates charged by
    different low salary loan companies tend to vary
    considerably so choose wisely. 

4
How to Avail a Low Salary Personal Loan?
  • Availing a low salary personal loan is
    simple. All you need to do is look for a
    reputable company offering instant online loans
    and download their app. Most of the providers
    of low salary employee loans have their loan
    approval process entirely online. After
    downloading their app, you need to submit
    identification and income proof documents. Once
    the documents are verified, you will be able to
    apply for a loan using the loan providers app
    itself. 

5
What is the Eligibility for a Low Salary
Personal Loan?
  • Generally speaking, compared to a
    traditional personal loan, a personal loan for
    low salary has relatively lenient eligibility
    criteria. Applicants need to have a consistent
    source of income, which they must be able to
    prove through appropriate documentation. Only
    then will they qualify for a low salary personal
    loan. Also, the applicant should also not have
    any foreclosures or settlements in their credit
    profile. In such cases, even if an application is
    approved, it will entail a high interest rate. 

6
The Last Word
  • In times of economic distress, like what
    the country is currently experiencing, low
    salary personal loans can be a boon for the
    common man. In addition to making ends meet, you
    can also use low salary personal loans to finance
    all types of needs. These include healthcare,
    maternity, education, wedding, travel, gifting,
    and other expenses which are part and parcel of
    life. If you are looking to apply for a low
    salary personal loan, look for a trusted name in
    the domain and download their app from the Google
    Play Store. 

7
Thanks For Visit.
  • Address for Correspondence   
  • KreditBee, 3rd floor, The Royal Stone Park, No.
    100, Above Honda Showroom, Sakshi Nagar, Pai
    Layout, Bennigana Halli, Karnataka 560016 
    Official Phone 080-44292200
  • Website www.kreditbee.inOfficial Email
    Address help_at_kreditbee.in 
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