Frequently Asked Questions About Personal Loan?

 


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 that is required to meet any of your financial need. With the rise in daily expenditure, we can see an inclination toward getting a Personal Loans at attractive interest rates. Alongside this, the ease of applying for loans online encourages borrowers to opt for one when it is urgently required. With numerous options available, you must choose the most suitable lender available for a Personal Loan wisely. Make sure you compare offerings from different lenders online before choosing one. Moreover, the best way to get a Personal Loan is by applying online on the website of a credible lender. To decide on a good lender, you should consider following aspects:

  • Offers attractive interest rates
  • Low processing fees
  • Minimal documentation
  • Easy eligibility criteria
  • Easy application
  • Quick disbursal
Before applying also, make sure that you fulfil all eligibility criteria related to age, citizenship, employment, and income level etc. Last, but certainly not least, ensure that you have a good credit score.


How can I get a personal loan in one day?

Nowadays, getting a Personal Loan in one day is possible with the increase digitization to provide loans online. The convenience that is offered by the banks and NBFCs while applying for a loan online has encouraged numerous borrowers. To get a Personal Loan in one day, you must choose the right lender beforehand, based on factors such as low interest rates, minimal processing fees, ease of application, customer service and speed of disbursal. Once you arrive at a good lender such as Eay Finance , keep your documents ready – KYC (PAN Card, Aadhar Card), Address proof (Passport or utility bills or rent agreement), Income proof (latest salary slip, bank statement for past 3 months) and employment proof (proof that you are currently employed and professional certificate in case you are a CA, CS, Doctor, etc.). If you have all these documents ready, you simply must apply online, fill in the information and on approval and verification from our end, you will get the disbursal of Personal Loan in one day.













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