Low Salary Personal Loans: A Long-Due Respite for India’s “Common Man” (1)

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 [phone]
• Website www.kreditbee.inOfficial Email
  Address help_at_kreditbee.in