Tag: india

Take Benefit Of Personal Loans In India

November 22, 2019 Off

Indian banks have offered the personal loan at the low rate of interest for all finance seekers. Yes, it is a commendable idea to take the advantage of Indian banks best offered personal finance providing plans and get free from bad credit situation whenever needed.

Applying for the personal finance in India is easy now because most of the Indian banks have offered beneficial personal finance for the loan seekers at low rate of interest. Personal loan is beneficial for the consumer to manage his/her expenses of daily life such as medical bill, education expenses, electricity bill, marriage expense and many more. All these expenditure can be easily managed by grabbing the benefit of Indian banks low interest personal finance plans.

One can apply for personal loans from Indian loan providing firms with ease. If the requirement is urgent, India banks may also sanction the personal finance with immediate effect. No need to get worried about the long documentation procedure, because Indian banks may sanction the loan after doing less paper work formalities as well. Thus, it is a wise deal for the loan seekers to go for the personal credit option of Indian banks.

Indian banks have estimated the loans interest at the minimal charges with the desired installment paying plans as well. Under such plans, finance consumers may grab the privilege of paying back the loan amount at the desired monthly or yearly basis. If the consumer goes for the option of monthly bill paying scheme then he/she can apply for the installment plan valid for 1 month, 3 months, 6 months etc. Similarly, the loan installment plan may also be valid for the yearly basis as well. However, the consumer can go for any of the installment plan as per his/her convenience.

Before applying for the loan from any bank, consumer needs to be aware about the authorization of the finance providing agency. It is recommended wisely to be conscious about prime verification of finance agency otherwise it may be a fraud or else. Usually, there might not be the involvement of any middle man takes place while applying for the personal Loans in India. Loan seekers may directly contact to the India banks and apply for the finance. But preliminary investigation about finance agency is a big deal for all loan consumers that should be taken care of wisely. But the frauds seen in the India banks are very rare and loan can be sanctioned with proper care or by doing all legal formalities of paper work.

However, it is easy now to grab the beneficial personal loan from Indian banks at the low interest and accomplish the need of money on time.

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Assam Gramin Vikash Bank – AGVB Personal Loan Scheme

November 12, 2019 Off

Government of India through a notification dated 12th January 2006 amalgamated the four Regional Rur…

Government of India through a notification dated 12th January 2006 amalgamated the four Regional Rural Banks sponsored by the United Bank of India in the state of Assam to form Assam Gramin Vikash Bank (AGVB).

The erstwhile RRBs amalgamated were Pragjyotish Gaonlia Bank (Established on 06-07-1976), Lakhimi Gaonlia Bank (Established on 29-07-1980), Cachar Gramin Bank (Established on 31-03-1981) and Subansiri Gaonlia Bank (Established on 30-03-1982).

Thus Assam Gramin Vikash Bank (AGVB) came into existence from 12th January 2006 covering the areas of operation of the pre-amalgamated RRBs. The bank has its Head Office at Guwahati.

Purpose: To meet the lawful personal expenses an individual this personal loan can be availed.

Eligibility: The following categories of people are eligible for the loan:

(i)Salaried permanent employees of Government / Public Sector/Corporate Organizations with check off arrangement are eligible for the loan.

(ii)Professional and Self Employed Persons like Architects, Engineers, Doctors, Lawyers, etc. with annual income not less than Rs.2.00 lakh are also eligible for this personal loan scheme.

Loan amount:

Salaried Persons :

i) Rs.60000/- or 6 months gross salary whichever is lower

ii) Where wife is a co-borrower Rs.1.00 lakh or 10 months gross salary

iii) Where wife is a co-borrower and working lady Rs.1.20 lakh or 12 month gross salary.

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Calculate Your Loan Emi Online With Indias Best Home Loan Providers

November 11, 2019 Off

Equated Monthly Installments (EMIs) in Home Loan refers to a preset amount to be paid by the borrower to the lender on a fixed calendar date of every month towards the repayment of the loan. The EMI depends upon your loan amount, interest rate and loan tenure. The advantage of an EMI for borrowers is that they know exactly how much money they will need to shell out every month and can plan the budget accordingly.

ICICI Bank a recognized Home Loan provider considers in providing all possible assistance to its customers. In order to give a convenient service to the potential ICICI Bank home loan customers the bank provides two very valuable tools that might prove to be useful. ICICI Bank Home Loan Calculators has made the task of eligibility computation and EMI calculation effortless for its customers. The borrower may use this online tool as a quick guide before availing Home Loan. This automated tool is very easy to use and provide the results immediately. You may know your possible loan amount with the help of ICICI Bank Home Loan Eligibility Calculator and your reasonable EMI with the help of ICICI Home Loan EMI Calculator. Gone are the days when borrower had to run from one lender to the other to compare the loan eligibility and others. It is very important for any housing loan borrower to have some idea about his eligibility and monthly EMI. These online tools proffer the advantage of planning your budget online from your home or office as per your convenience. ICICI Home Loan Calculator is a reliable tool. The system would ask for some very basic information to compute. It is very important for you to have some idea about the monthly EMI if you are looking to obtain a home loan. With the help of a home loan EMI calculator from ICICI Bank, you can make an estimate of the Monthly Equated Installment (EMI) that you will have to pay for a specific loan term. This calculator permits you to know whether you will be able to afford the EMI payments or not. To make calculation with loan EMI calculator, you are required to provide various details such as the total amount of loan, loan tenure in years, and interest rate of the loan.

Home Loan interest rate plays a vital role in evaluating a borrower’s eligibility. The eligibility of a borrower generally depends on the borrower’s repayment capacity. ICICI Home Loan Interest Rate has been planned in a way to cater a large segment. ICICI Bank home loan offers attractive rates and a number of benefits. The lender is one of the largest providers of home loans in India and has helped a large number of low and moderate income families to realize their dream homes.

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Wainganga Krishna Gramin Bank – Housing Loan Scheme

September 25, 2019 Off

Wainaganga Krishna Gramin Bank came in to existence on 15th December 2008 through amalgamation of Wa…

Wainaganga Krishna Gramin Bank came in to existence on 15th December 2008 through amalgamation of Wainganga Kshetriya Gramin Bank, Chandrapur, Solapur Gramin Bank, Solapur and Ratnagiri-Sindhudurg Gramin Bank, Ratnagiri.

The authorized capital of the Bank is Rs. 500.00 lakhs and the paid up capital is Rs. 400.00 lakhs. Government of India, Government of Maharashtra and Bank of India has contributed 50 %, 15%, and 35% of the share capital respectively

Purpose: This loan finances acquiring a house.

Quantum of Loan: Up to a maximum amount of Rs. 20 Lakhs is granted as loan Under Priority Sector & above Rs. 20 lakhs NPS maximum Rs. 50 lakhs.

Eligibility: This loan scheme is restricted to allotted 12 Districts of Maharashtra.

Margin: Up to Rs. 10 lakhs there is a margin of 15 % and above Rs 10 lakhs the margin is 20%.

Rate of Interest: Interest rates differ on the basis of amount of loan & repayment period. The maximum rates for the repayment period of 15 to 20 years are as below. Up to Rs. 05.00 lakhs -10%,

Rs. 5.00 to 20.00 lakhs – 10.50%,

Over & above Rs. 20.00 – 11.50%

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Uttar Bihar Gramin Bank – Grih Laxmi Home Loan Scheme

August 22, 2019 Off

In 1976, the central government amalgamated Uttar Bihar Kshetriya Gramin Bank and Kosi Kshetriya Gra…

In 1976, the central government amalgamated Uttar Bihar Kshetriya Gramin Bank and Kosi Kshetriya Gramin Bank (transferor regional rural banks) sponsored by Central Bank of India in the state of Bihar into a single regional rural bank which began to be called as Uttar Bihar Gramin Bank with its head office at Muzaffarpur.

Now area of operation of Uttar Bihar Gramin Bank are the districts of Araria, Katihar, Kishanganj, Darbhanga, East Champaran, Gopalganj, Madhepura, Madhubani, Muzaffarpur, Purnea, Saharsa, Saran, Sheohar, Sitamarhi, Siwan, Supaul, West Champaran and Vaishali in the state of Bihar. Uttar Bihar Gramin Bank sponsored by Central Bank of India, is one of the largest regional rural bank in India in terms of branch network, staff strength and area.

Purpose: This loan finances construction of house, purchase of house, renovation, addition/ alteration of existing house (for permanent employee).

Eligibility: Any permanent employee can avail this home loan.

Quantum of loan: Maximum loan amount shall be 36 times of net monthly income for a salaried person. For renovation /expansion/ alteration loan up to a maximum of Rs. 50,000 may be granted.

Rate of interest: The rate of interest is 12% to 13% per annum.

Margin: There is a margin of 20% for loans for residential purpose.

Repayment: The maximum period of repayment of this home loan is 10 to 15 years.

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