In the case of a secure personal loan, the collateral attached to the loan is redeemed to reclaim the loaned portion of the loan along with the interest.
Borrow your personal loan from Buddy Loan explore the benefits of lowers interest rates, increasing your CIBIL score and loan repayment options from this loan aggregators.In the case of an unsecured personal loan, problems could be posed for the co-signer of the loan.
Co-signers are generally not aware of the implications of their actions.
But with their consent, they automatically become part of the lending bond or agreement.
However, the rules of such a repayment are vested with the bank.
The repayment schedule could be continued as the original one, or a new repayment schedule with a relaxed interest rate may be applied.However, there are still cases when unsecured personal loans are disbursed without co-signers.
Almost all people earning a monthly salary or pay would want to go on a holiday or vacation.
However, not many of them save enough money for their travel and other expenses, and therefore, try to get a travel loan.
Borrow your travel loans from Buddy Loan explore the benefits of lowers interest rates, increasing your CIBIL score and loan repayment options from this loan aggregators.
A travel loan is a kind of personal loan that is attained for the purpose of travelling.Applying for a travel loan is not very simple, however, a few essential requisites need to be satisfied before you apply for the loan.
Some of the common criteria that are necessary as according to all lenders before they grant you a travel loan are as follows:Â AGE: Some of the financial institutions set the minimum age criteria to be 21 years, while some of them set it to be 23 years, and below 55 years.INCOME STABILITY: Most lending institutions ensure to verify that the potential borrower has been in the job with the company for a term of at least 6 months.GOOD CREDIT SCORE: You must have a good credit score before you apply for a travel loan.
They areFULL TIME PROFESSIONALS: Full time professionals who are paid a take-home salary of minimum Rs.
Debt consolidation means to amalgamate multiple debts into a single debt.
One of the ways by which debt consolidation can be made is by securing a personal loan.Explore the loan aggregator that can benefit your repayment with a lower interest rate and increase your CIBIL score.
Buddy Loan is one of the good loan aggregators you can switch to avail a loan without collateral.
This means that a person with multiple debts can secure a personal loan and can use that amount to repay those debts.
This way there is a reduction in the number of debts as the person will only have to repay the personal loan.There are benefits as well as down-sides to consolidating debts with a personal loan.BENEFITS 1) Lower interest rates – When there are multiple debts, the amount paid for the interests could be more, or a few debts may have higher rates of interest.
In such cases, if you consolidate these debts with your personal loan which has a lower rate of interest, it can benefit you monetarily.2) Predetermined amounts  – When debts are consolidated with personal loans, there is only on debt, and therefore the interests are to be paid during specified intervals and the term period for repayment of the loan is also pre-determined.3) Improves credit – In case your credit card payment is due, it is better to consolidate it with personal loans as it would improve your credit.4) Unsecured personal loans – Unsecured personal loans are those where no collateral is required to procure them.
Planning to go on a long-awaited holiday with your loved ones?
Or, need funds for your child’s funds?
Whatever your need, a personal loan in Chandigarh can help you meet your diverse needs, aside from the ones mentioned above.
Let’s take a look at reasons why getting a personal loan is a good thing to do.
No Limitation on End-Use One of the major reasons people opt for this loan is that they can use it for their personal needs.
You will not feel bound by the end use of this loan.
A personal loan, in simple words, is the money you borrow from a financial institution.
You can repay it along with interest as instalments within a fixed number of years.
Availing a loan through loan aggregators can suffice your financial needs with a personal loan.
Buddy loan has set a record of disbursing the highest amount of loans in the shortest span.
Loan aggregators estimate the best fit based on the borrower's profile.Types of personal loansPersonal loans, in India, generally fall into the following common categories:Â Wedding loan: This is the kind of personal loan you need to plan your big day with.
Book venue for the auspicious occasion, arrange catering, shop for jewellery, take care of accommodation for guests; everything with the assurance that you have a strong financial backup.
✓ Personal Loan Online ✓ Personal loan for self-employed business ✓ High Approval Rate ✓ Instant Loans Starting @ 11.99% p.a.
✓ Loans Upto 15 Lakhs ✓ Flexible Tenure & EMIs ✓ No Collateral Required ✓ Apply Online
Travel loans are nothing but personal loan taken for the purpose of travelling or going on a vacation.
Borrow your travel loans from Buddy Loan explore the benefits of lowers interest rates, increasing your CIBIL score and loan repayment options from this loan aggregators.
However, there are a few common eligibility criteria that are generally considered.
They are as follows:Â The borrower must be at least 21 years old.The borrower must either be a working professional who has been in the job for at least 6 months before applying for such a loan, or the borrower must at least be a self-employed person with steady income.The person applying for the loan must have a good credit score.
The minimum credit score required differs from one lending institution to another.
However, approximately 700 is considered to be a good credit score.There is also an income criterion that is to be satisfied by the person applying for the loan.DOCUMENTS REQUIREDThe documents that need to be submitted for attaining a travel loan also vary from one lending institution to another.
Almost all people earning a monthly salary or pay would want to go on a holiday or vacation.
However, not many of them save enough money for their travel and other expenses, and therefore, try to get a travel loan.
Borrow your travel loans from Buddy Loan explore the benefits of lowers interest rates, increasing your CIBIL score and loan repayment options from this loan aggregators.
A travel loan is a kind of personal loan that is attained for the purpose of travelling.Applying for a travel loan is not very simple, however, a few essential requisites need to be satisfied before you apply for the loan.
Some of the common criteria that are necessary as according to all lenders before they grant you a travel loan are as follows:Â AGE: Some of the financial institutions set the minimum age criteria to be 21 years, while some of them set it to be 23 years, and below 55 years.INCOME STABILITY: Most lending institutions ensure to verify that the potential borrower has been in the job with the company for a term of at least 6 months.GOOD CREDIT SCORE: You must have a good credit score before you apply for a travel loan.
They areFULL TIME PROFESSIONALS: Full time professionals who are paid a take-home salary of minimum Rs.
Planning to go on a long-awaited holiday with your loved ones?
Or, need funds for your child’s funds?
Whatever your need, a personal loan in Chandigarh can help you meet your diverse needs, aside from the ones mentioned above.
Let’s take a look at reasons why getting a personal loan is a good thing to do.
No Limitation on End-Use One of the major reasons people opt for this loan is that they can use it for their personal needs.
You will not feel bound by the end use of this loan.
✓ Personal Loan Online ✓ Personal loan for self-employed business ✓ High Approval Rate ✓ Instant Loans Starting @ 11.99% p.a.
✓ Loans Upto 15 Lakhs ✓ Flexible Tenure & EMIs ✓ No Collateral Required ✓ Apply Online
In the case of a secure personal loan, the collateral attached to the loan is redeemed to reclaim the loaned portion of the loan along with the interest.
Borrow your personal loan from Buddy Loan explore the benefits of lowers interest rates, increasing your CIBIL score and loan repayment options from this loan aggregators.In the case of an unsecured personal loan, problems could be posed for the co-signer of the loan.
Co-signers are generally not aware of the implications of their actions.
But with their consent, they automatically become part of the lending bond or agreement.
However, the rules of such a repayment are vested with the bank.
The repayment schedule could be continued as the original one, or a new repayment schedule with a relaxed interest rate may be applied.However, there are still cases when unsecured personal loans are disbursed without co-signers.
Debt consolidation means to amalgamate multiple debts into a single debt.
One of the ways by which debt consolidation can be made is by securing a personal loan.Explore the loan aggregator that can benefit your repayment with a lower interest rate and increase your CIBIL score.
Buddy Loan is one of the good loan aggregators you can switch to avail a loan without collateral.
This means that a person with multiple debts can secure a personal loan and can use that amount to repay those debts.
This way there is a reduction in the number of debts as the person will only have to repay the personal loan.There are benefits as well as down-sides to consolidating debts with a personal loan.BENEFITS 1) Lower interest rates – When there are multiple debts, the amount paid for the interests could be more, or a few debts may have higher rates of interest.
In such cases, if you consolidate these debts with your personal loan which has a lower rate of interest, it can benefit you monetarily.2) Predetermined amounts  – When debts are consolidated with personal loans, there is only on debt, and therefore the interests are to be paid during specified intervals and the term period for repayment of the loan is also pre-determined.3) Improves credit – In case your credit card payment is due, it is better to consolidate it with personal loans as it would improve your credit.4) Unsecured personal loans – Unsecured personal loans are those where no collateral is required to procure them.
A personal loan, in simple words, is the money you borrow from a financial institution.
You can repay it along with interest as instalments within a fixed number of years.
Availing a loan through loan aggregators can suffice your financial needs with a personal loan.
Buddy loan has set a record of disbursing the highest amount of loans in the shortest span.
Loan aggregators estimate the best fit based on the borrower's profile.Types of personal loansPersonal loans, in India, generally fall into the following common categories:Â Wedding loan: This is the kind of personal loan you need to plan your big day with.
Book venue for the auspicious occasion, arrange catering, shop for jewellery, take care of accommodation for guests; everything with the assurance that you have a strong financial backup.
Travel loans are nothing but personal loan taken for the purpose of travelling or going on a vacation.
Borrow your travel loans from Buddy Loan explore the benefits of lowers interest rates, increasing your CIBIL score and loan repayment options from this loan aggregators.
However, there are a few common eligibility criteria that are generally considered.
They are as follows:Â The borrower must be at least 21 years old.The borrower must either be a working professional who has been in the job for at least 6 months before applying for such a loan, or the borrower must at least be a self-employed person with steady income.The person applying for the loan must have a good credit score.
The minimum credit score required differs from one lending institution to another.
However, approximately 700 is considered to be a good credit score.There is also an income criterion that is to be satisfied by the person applying for the loan.DOCUMENTS REQUIREDThe documents that need to be submitted for attaining a travel loan also vary from one lending institution to another.