Types of personal loan - PowerPoint PPT Presentation

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Types of personal loan

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If you have decided to go for a personal loan online apply process, you need to choose the right type of personal loan in Bangalore. For the best and quick fund in your account, the best option is an instant personal loan. – PowerPoint PPT presentation

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Title: Types of personal loan


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Types of personal loan
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Secured loan
  • A secured loan is a type of loan that comes with
    zero risk and full security. This is because
    security or collateral is attached to a loan that
    makes it completely secured. A secured loan is
    very easy to get because there is no risk
    attached to it. If you have any asset or property
    that you do not use, you can use it to get hold
    of an instant personal loan. Usually, a secured
    loan is taken up by any individual that does not
    have a good credit background or income. It makes
    approval easy if you offer some form of security
    with your bank or financial institutions.  

3
Unsecured loan
  • An unsecured form of personal loan is the most
    common one. A personal loan in Bangalore is
    always unsecured unless security is attached to
    it. This is applicable for those that have a
    perfect credit score and good financial
    background. If you find that your credit score is
    good along with an impressive income, you can go
    for an unsecured personal loan. You will not only
    enjoy a smooth approval but also favorable terms
    on your personal loan.

4
Long-term Personal Loan
  • A long-term personal loan in Bangalore is taken
    up for more than 2 years of tenure. A personal
    loan comes with an easy repayment scheme, and the
    entire amount is repaid in small EMI or
    installment. A long-term loan will give low and
    affordable EMI so that you can easily manage your
    other expenses. Choose a long-term Personal Loan
    if you feel you are capable of paying a high EMI
    monthly after managing all the fixed obligations
    and expenses.

5
Short-term personal loan
  • A short-term personal loan is an ideal one for
    those that want to close the personal loan early.
    In this case, the EMI will be a high one and
    applicable for those that had a high income
    monthly. If you can manage the high EMI amount
    monthly, you should go for a short-term personal
    loan. If you need one, visit Clix Capital for the
    personal loan online apply process.

6
Clix Capital Services Private Limited
  • Address 4th Floor, Kailash Building, Kasturba
    Gandhi Marg, Connaught Place, New Delhi-110001
  • Phone 1800 200 9898
  • Email us hello_at_clix.capital
  • Website www.clix.capital

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Read More www.clix.capital/clixblog/impor
tant-things-to-know-before-taking-a-personal-loan
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