Consolidate debt into a single payment
You may be able to save money by consolidating higher-interest balances with the banks offering lower interest rate. You’ll have one fixed-rate monthly payment- with no fees. Call Paisa Advisor to know your options.
A dream home takes work
When it’s time to make repairs or take on a big project, an unsecured personal loan offers a fixed rate to get things started.
Take on the unexpected
A personal loan with no surprise fees. Manage financial ups and downs with a Flexi Personal Loan with interest only payment so that you can peacefully handle the unexpected expenses, pet care or car repairs.
Fast. Simple. Flexible.
Use a personal loan for just about anything, from new furniture or appliances to family reunions or weddings.
Applying for a personal loan is typically a straightforward process. You can usually complete the application online, over the phone, or in person. Here are the steps involved:
First, figure out how much you need to borrow. This will depend on what expenses you want to cover with the loan.
Then, figure out your budget. Consider how payments – principal plus interest – will fit into your budget going forward. Look at your other monthly debt payments, expenses and savings goals to figure out what size loan you want to apply for.
Your credit will play a critical factor in whether you’re approved for a loan. Before you apply, you may want to request your credit report (you can access a free copy of your credit report from each of the three major credit bureaus once a month) and look for any errors. Keep in mind that better credit can help you get a lower interest rate. The higher your credit score, the more options you will have for lenders and loans.
Research lenders and the types of Personal loan they offer. Look at their terms and policies and decide which loan is right for your financial situation.
Here’s some of the documents you’ll need:
Applying for a personal loan requires documentation to prove your identity, address and income. While other documents may be necessary, here’s what most lenders require:
Once you’re ready, you can submit the application and find out whether you’re approved. How long this takes can depend on the lender, applicants get a response immediately after login.
If approved, depending on the lender and how you’ve opted to receive funds, you could get your money the same day, or it could take a little longer. Customers can get their funds the same business day when deposited directly to your salary bank account or within 2 business days when deposited directly to a non-salary bank account.
Banks offers personal loans to both existing salary account customers and new to bank customers that meet specific eligibility criteria, including an established credit and income history along with additional factors determined by the respective lender. If you want to know which personal loan could benefit you, for suggestions call paisa advisor today.
This article is for educational purposes. It is not intended to provide legal, investment, or financial advice and is not a substitute for professional advice.
Paisa Express provides information about and access to accounts and financial services provided by Paisa Express, N.A. and its affiliates in the United States and its territories. It does not, and should not be construed as, an offer, invitation or solicitation of services to individuals outside of the United States.
Terms, conditions and fees for accounts, products, programs and services are subject to change. Not all accounts, products, and services as well as pricing described here are available in all jurisdictions or to all customers. Your eligibility for a particular product and service is subject to a final determination by Citibank. Your country of citizenship, domicile, or residence, if other than the United States, may have laws, rules, and regulations that govern or affect your application for and use of our accounts, products and services, including laws and regulations regarding taxes, exchange and/or capital controls that you are responsible for following.
The products, account packages, promotional offers and services described in this website may not apply to customers of International Personal Bank U.S. in the Citigold® Private Client International, Citigold® International, Paisa Express International Personal, Paisa Express Global Executive Preferred, and Paisa Express Global Executive Account Packages.
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