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5 Quick Tips to Choose the Best Personal Loan Online

A personal loan is the easiest way to raise funds and quickly fulfill all your future plans and emergency needs. Here you can find five important tips for choosing the right personal loan. Apply for Personal Loan online up to Rs 20 lakh* at low-interest rates with minimal documentation. For more info visit here: https://www.fullertonindia.com/knowledge-center/how-to-choose-a-personal-loan.aspx

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5 Quick Tips to Choose the Best Personal Loan Online

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  1. 5 Quick Tips to Choose The Best Personal Loan Online

  2. WHAT IS A PERSONAL LOAN? Personal Loans are unsecured loans taken by individuals from a non-banking financial company (NBFC) with the sole purpose of meeting their personal or immediate needs. With the advent of the online services offered by the NBFC, you can get the money within 24 hours.

  3. #1 COMPARE INTEREST RATES The interest rate is probably the first things you’re going to look at when choosing a personal loan. Compare and contrast the rates effectively to gain an idea about how much you will be required to pay interest rates on your loan.

  4. #2 COMPARE FEES AND OTHER CHARGES Every personal loan involves a monthly administration fee, but some financial institutions fees are higher than others lenders and some loans are subject to hidden costs. These can add up and make your personal loan some costly.

  5. #3 COMPARE FLEXIBLE REPAYMENT OPTIONS If you want to pay off your loan before the tenure is over, then you will have to pay a small charges. It’s could be 2 to 5% of loans remaining balance amount.

  6. #4 COMPARE AFFORDABILITY OF YOUR EMI Before taking the loan, calculate the EMI portion first. It is very important to take care of the EMI amount you are going to pay every month. You should ensure that you can manage the EMI payment, given your income and other mandatory costs without any default or penalties.

  7. #5 LOOK OTHER LOANS AND OPTIONS Once you’ve done comparison, it’s time to apply for the personal loans. But if you need a small sum of money then try to consider asking friends & family, or perhaps spending on your credit card. Remember one thing always do not borrow more than you can payback.

  8. R E F E R E N C E S https://en.wikipedia.org/wiki/Loan https://www.fullertonindia.com/personal- loan.aspx https://www.fullertonindia.com/knowledge- center/how-to-choose-a-personal-loan.aspx

  9. T H A N K Y O U !

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