Best Personal Loan Offers
Personal loans have proved to be a great saviour for many in this COVID-19 pandemic. The lower interest rates and moratorium offered by banks added more benefits and made it more convenient for the customers to borrow money through personal loans. The loan is offered by top banks without asking any collateral and has the potential to fulfil all your short term financial needs. Though the loan is offered by all the banks it becomes quite confusing for the customers to choose the best one for them.
One of the major advantages of a personal loan is that applicants can avail it in a contactless manner from the comforts of their home. This not only eliminates the risk of getting infected by the deadly Covid-19 virus but also provides you money in just a few hours. The process involves zero to minimal documentation which results in fast processing and quick disbursal of money.
Even though personal loan interest varies from lender to lender, it is always on the deciding factor while comparing. Here is a list of banks that are currently offering personal loans at the lowest rates.

However, people with a good CIBIL score which is between 750-900 are eligible to get the lowest personal loan rates. So, if you are looking for a personal loan and your credit score is less, then, in that case, you may get your personal loan approved at a bit higher rate.
Apart from your CIBIL, few more things decide your personal loan eligibility, this includes your income, your job stability and your age.
So, the applicants who satisfy these eligibility criteria have a better chance to get approved for a personal loan at lower rates and favourable terms.
So, before you apply for a personal loan, ensure you meet all the checklist (eligibility criteria for a hassle-free approval). Remember comparing offers from different lenders based on your eligibility can also help you to get the best deal. Also, don’t forget to check for processing fees, late payment charges, prepayment and part-prepayment penalties before finalizing your lender/bank. Never borrow more than your requirement and don’t ignore your repayment capability before you enter your loan amount. Just because personal loans are easily available it doesn’t mean that you can borrow any amount.


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