PERSONAL LOAN

 We experience many difficulties in our lives at various stages.  While we face these challenges through personal efforts. Financial support is something that we all are looks for. Personal loan is an unsecured loan given by financial institutions and banks which helps us to meet our personal needs & fulfill requirement.

Financial crises can occur anytime in life. There are times when you need money for emergency medical bills, Wedding at home, House renovation or may be some Educational Expenses. Personal loan proves to be a great aid at this time. It not only helps you in your financial crisis but if you repay it with time it helps you to improve your credit score and makes it possible for you to take bigger loan next time. Usually in personal loan you do not need to put any security with bank or financial institution, all you need is just a good credit score.

Are you wondering if it is difficult to avail personal loan and how to apply for it? No worries. We at Credit express helps you to bridge the gap between you and the financial institution. Fast Credit has partnered with numerous banks which lets you avail loan. So, looking for the bank to satisfy you need is not the matter of concern now. We understand how time consuming this task is to find the bank.  All the banks give attractive rates of interest and we make it a hassle-free process for you.

 Let us tell you amazing features of Personal Loan:

 1. Interest Rate

 The interest rate in personal loan completely depends on bank to bank and on your credit score and Cibil profile as well. Your income and age also decide it. Usually, all the banks have almost same interest rate with little difference. All the financial Institutions Providing Reducing Rate of Interest.

 2. Age  

Every loan borrower must meet the minimum age requirement of 21years. Banks decide the maximum age limit on their own. Mostly, the repayment period of every Bank is maximum of 70 years depending upon the age of the candidate 

3.Processing Fee 

 Processing fees in personal loan completely depends on bank to bank. Usually, it varies from 1-2% of the loan amount. 

 4.Loan Amount  

Borrower can get a loan amount from 50,000 to 75 lakhs of amount depending on the eligibility and the requirement. 

 5.Pre-Payment Fees 

 If any borrower wants to repay the personal loan before the decided time then in this case one needs to pay charges range between 1-2% of the outstanding amount when the loan will be closed. 

6. Required Documents

Only few minimal documents required for personal loan application form 

• KYC 
• INCOME PROOF 
• ADDRESS PROOF

7. Turnaround time (TAT) 

Turnaround time (TAT) is the amount of time taken to complete a process or fulfill a request .

• TAT period taken by our Lending Partner (NBFC), only 4 Hours to 24 Hours  from login to Disburse the Personal loan.
• TAT period taken by Banks usually  only 2-3 working Days from login to Disburse desired amount