Loan for personal Home at Low Intrest rate: Plan Your EMIs for Home Loan

Loan for personal Home at Low Intrest rate: Plan Your EMIs for Home Loan

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Advantages of applying for a HDFC Home Loan

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Important things to know about : Personal Loans

Like many other things, loans have become a way of life today. Most people, but, do not generally understand the difference between the various types of loans that they avail of, nor do they know how they work. This is true in case of personal loan also. It is better, therefore, to understand the basics of personal loans before availing them. The tenure of personal loans is generally for short periods, varying from 12 to 48 months. These are unsecured loans in that the customer does not offer any collateral as security. Personal loans are sanctioned based on a person’s income proofs as well as residence and identity proofs. The interest rates charged by the various banks and NBFCs for personal loans can be anywhere between 14 per cent and 25 per cent per annum and repayments are generally in equated monthly installments (EMIs). The Personal Loan Interest Rates are generally high when compared to home or car loans as the former are unsecured loans and the customer does not offer any...
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HDFC hikes lending rate by 50 bps; EMIs to go up

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