- CURRENCY EXCHANGE
Secure and fast money transfer with currency products for business clients and private people
- LOANS
Personal loans and business loans,both secured or unsecured for different kinds of credit history.
- CARDS
Different cards are provided for many different individual requirements.
- MONEY
Different options are available for dealing with one's finances, like opening the right kind of bank account or dealing with debts.
- INSURANCE
Many different insurance products can help to protect you and your family financially against a number of risks.
- REVIEWS
A short preview of every single product is available on our site, and it comes with the rating system to help with your choice.
- INFORMATION LIBRARY
Here you find answers to questions you might have about the financial products on our site.
- NEWS CHARTS
Here you can find real-time updates, market charts, a currency converter and the latest news from the world of finances as well as advice articles.
PERSONAL LOANS INFORMATION
Please see information on Personal Loans below.
Tweet
What is a personal loan and how can you avail one? Find out the basic facts and useful information below. Once you have the background FAQs covered, you can visit the comparison area to start your search for the perfect loan.
What is a Personal Loan?
A personal loan is an unsecured loan, in other words it does not require a security as collateral (such as a home loan or other secured loan type). Personal loans are therefore very flexible and can be used for a wide variety of purposes, especially when you simply do not have enough money available to cover immediate costs.
Whether you want to purchase a new television, deal with your credit card debts, pay for a family vacation or any other purpose, a personal loan can be used.
How Much Can I Borrow?
Generally a personal loan is offered based upon your personal financial circumstances. In other words, the bank or lender will look at your monthly income and financial background to determine how much they can lend to you. Other aspects they will consider include:
- Your credit rating
- Your employment security
- Where you live (residential location)
- Your current financial situation
Check with the lender / bank to find out the minimum and maximum borrowing amount they offer.
Am I Eligible?
As mentioned above, the bank will consider a variety of factors before approving your personal loan application. Usually they will have a certain set of rules regarding eligibility, and these may include:
- Minimum age (around 21 years)
- Maximum age (varies, but can be around 65 years)
- Proof of ID (passport, driving license, PAN card, voter's license)
- Proof of residence (utility bill, ration card)
- Proof of income
What is the Minimum and Maximum Tenure?
This depends on the bank or lender that you apply from. A typical tenure on a personal loan is between 1 and 7 years.
Tweet
Please Note: www.whichwaytopay.in is not authorised to give advice under Indian financial regulations.
All of the Links, textural data, and image data is provided for informational purposes only.
News Charts 
 When the planning starts for that special day in everyone's lives , There is always the worry and stress of how much strain it is going to put on your financial situation . Marriage loans are helping lots of people to ease this stress. 08 August 2015 Which Way To Pay Marriage loans have been introduced to help prepare for the expense you will incur when celebration the most special day of everyone's life. Read More >> |
 As everyone wants that big day to be perfect , there is also a hefty cost that comes with it . 14 May 2015 Which Way To Pay Marriage isn't a cheap affair that's why Marriage loans have proven so popular across India. Read More >> |
 Everyone want the best education , But financially this can be a worry07 October 2014 Which Way To Pay Getting the best education is the main priority in most people's lifetime. Read More >> |
