Personal Loans
Bharat Financial and Tax Consultant offers personalized and hassle-free personal loan solutions to meet the diverse financial needs of individuals. With a reputation for reliability and customer-centric services, we understand that life's unexpected expenses and opportunities can arise at any moment. Our team of experienced professionals guides clients through the loan application process, ensuring a seamless experience from start to finish. Whether it's consolidating debts, covering medical emergencies, financing a dream vacation, or pursuing personal projects, our flexible personal loan options are tailored to suit varying requirements. We pride ourselves on offering competitive interest rates and convenient repayment terms to provide financial assistance without unnecessary burdens. At Bharat Financial and Tax Consultant, we prioritize customer satisfaction, confidentiality, and prompt loan disbursement.
- Get a Personal up to 50,00,000
- Flexible Tenure from 12-72 months
- Rate of Interest* al low as 10.50% pa
- EMI Starting at 2,187 Per 1 lakh
- Interest on Personal Loan depends on various factors such as CIBIL score, Repayment History, Principal amount, Tenure.
- 18% p.a plus applicable government taxes on overdue instalment amount
- Premature closure Charges (applicable on principal outstanding)
What is Personal Loan ?
A loan is a financial arrangement in which one party, typically a lender such as a bank, credit union, or other financial institution, provides money, assets, or funds to another party, known as the borrower. The borrower agrees to repay the loan amount over a set period, usually with interest, and according to agreed-upon terms and conditions. A business loan specifically refers to a type of loan offered to businesses to finance their operations, expansion, or other specific needs. Businesses often require additional capital to invest in equipment, inventory, marketing, hiring employees, or managing cash flow fluctuations. Business loans can help entrepreneurs and business owners access the necessary funds to achieve these objectives.
What are the Types of Personal Loan ?
There are several types of personal loans available to cater to different financial needs and circumstances of individuals. Some common types of personal loans include:
- Unsecured Personal Loan: This is the most common type of personal loan, where borrowers can obtain funds without providing any collateral. Approval is based on the borrower's creditworthiness and income.li>
- IDebt Consolidation Loan: This loan is specifically designed to consolidate multiple debts into a single loan, making it easier for borrowers to manage their repayments.
- Line of Credit: A personal line of credit works like a credit card, where borrowers can access a predetermined credit limit and borrow funds as needed. Interest is only charged on the amount borrowed.
- Payday Loan: These are short-term, high-interest loans designed to cover immediate financial needs until the borrower's next paycheck. Payday loans often come with strict repayment terms.
- Installment Loan: This type of loan involves borrowing a fixed amount and repaying it in equal installments over a specific period, typically with a fixed interest rate.
- Personal Overdraft: A personal overdraft is a pre-approved credit line linked to a bank account, allowing borrowers to withdraw more money than what is available in their account. Interest is charged on the overdrawn amount.
- Wedding Loan: These loans are tailored for financing wedding expenses, such as venue bookings, catering, and other related costs.
