Easy Finance - Loan Provider Agency in Thane

  What are the processing fees for a personal loan? Personal Loan is used for meeting the personal financial expenses by individuals. When you opt for a  Personal Loan , there is a processing fee that is also charged when the loan is processed. The processing fee for a Personal Loan is a one-time fee. Lenders levy processing fees for a Personal Loan to cover the costs incurred in processing a loan application. It is an administrative fee and different lenders charge different processing fees. Some lenders charge a percentage of the loan amount as the processing fees for a Personal Loan, while some lenders charge a fixed amount. Processing fees for a Personal Loan should be disclosed in advance by lenders. Lenders such as Easy Finance charge a minimal processing fee, which is up to 2% of the disbursed loan amount plus taxes. The processing fee on a Personal loan is not refundable. What is the best way to get a personal loan? A Personal Loan provides the financial assistance tha...

  What are the benefits of a Personal Loan? Our Personal Loan has a range of benefits. Right from a medical emergency, home renovation to higher education and debt consolidation, the Personal Loan can be used for meeting any financial requirement since it has no spending restrictions. This loan is unsecured and easy to avail. Other benefits include one of the lowest interest rates, flexible tenure options, sizable loan amounts, and a 100% digital process. How can I apply for a Personal Loan? Applying for a Personal Loan in Easy finance is very easy and real quick. All you have to do is to meet the eligibility criteria, submit the required documents mentioned in the  personal loan document list , and fill out an  easy online application form . Can I get an instant approval for a Personal Loan? Yes, you can get an instant approval for a Easy Finance Personal Loan. Do note that this benefit is only available to applicants who meet all the  personal loan eligibility crit...

  How is Business Loan interest rate calculated? HDFC bank offers the lowest interest rates in the market across all segments. As we offer customers an unsecured loan i.e. collateral-free loan, the rate of Interest will be higher as compared to secured products offered by banks. How is Business Loan processing fee calculated? Processing fees are restricted to 2% + GST which is standard across all the products. Is there any stamp duty applicable for taking pre-approved Business Loan? Stamp duty collection is mandatory for pre-approved offers as well. Also, the customers must note that stamp duty charges are different for different states. What are the foreclosure charges for Business Loan? Customers can foreclose loans after 6 EMI payments. The foreclosure charges are 4% + GST of the outstanding loan amount. The grid defers as per loan tenor. What are the steps for foreclosing an Business Loan? The minimum lock-in period for Business Loan is 6 months i.e. 6 EMIs paid. What if I...

  Debt consolidation Many borrowers have a loan problem. The problem is not in terms of repayment. The problem lies in too many loans. Many loans translate to many EMIs. To avoid this, many apply for a personal loan. A personal loan consolidates all the debt in one single loan, with a fixed interest rate and tenure. In this way, you can avoid the inconvenience of servicing of many loans. Paying credit card loan Credit card loans are costly. This is a fact. It could be for shopping or some spending while on an overseas trip. If you spend a lot of the credit card, repayment can be a big problem. With annual interest rates of 40 per cent, this is an extremely expensive debt to carry for long. Hence, using a personal loan, which carries annual interest rates of 12-15 per cent, is a much smart option. You save on interest costs and leave your credit history intact. Can't ask relatives or family for money Many borrowers come from well to do families. To them, getting a loan isn't a p...

  Before taking out a personal loan, ask yourself the following questions: Why do I need a loan?  While it may be tempting to take out a loan to purchase  holiday gifts for your family  or upgrade your computer, personal loans should only be used for necessary expenses. Ask yourself whether you really need to borrow before applying for a personal loan. What is the cost of borrowing money?  Add up the total cost of borrowing, including all associated interest rates and fees, before making your decision. Compare different types of loans to ensure you’re getting the lowest possible rate. For example, it’s possible that a  home equity loan  would be less costly. Can I handle more debt?  If you’re already struggling to keep up with your expenses and pay down your current debts, a personal loan might make matters worse, unless you’re using it to consolidate existing debts. If you feel like you’re already trapped in debt, consider looking for additi...

When shopping for personal loans, borrowers will find that there are two main types of loans — secured personal loans and unsecured personal loans. Secured loans A secured loan is  a type of loan in which a borrower pledges an asset such as a car, property, or equity etc., against that loan . The loan amount made available to the borrower is usually based on the value of the collateral. Pros Less stringent eligibility requirements Often has lower interest rates than unsecured loans Secured loans usually have higher borrowing limits than unsecured loans Cons Collateral can be taken if you default on the loan Failure to repay the loan as agree can damage your credit Where to get an unsecured loan Unsecured loans, like the name suggests, is  a loan that is not secured by a collateral such as land, gold, etc . These loans are comparatively riskier to a lender and therefore associated with a high interest rate You can get an unsecured loan from a bank, credit union or online ...