personal loans
Avoiding Debt Traps 2- Do I need a Personal Loan ?
Posted August 3rd, 2008 by adminThis is 2nd in my series of articles on how to avoid Debt Traps. In the first one I had talked about how to use Credit cards wisely. I now switch my focus to the next most popular debt instrument- Personal Loans.
Personal Loans have seen a very rate of take-up till about 4-5 months back and this was the growth driver for most Retail banks.
I have a personal loans and hand loans, how do I reduce my debts?
Posted December 18th, 2008 by MildredDate: 2008-09-05 15:47:40
Query : I have a personal loan from SBI taken last year for Rs. 2.00 lacs for 36 months. The EMI is Rs. 6715/-. Recently I have taken a Bajaj two wheeler on EMI for 20 months with monthly payout of Rs. 2800/-. Plus I have to return some money to my friends who have helped me. I am planning to take a loan for Rs. 3.00 lacs to clear this personal and vehicle loan and clear my frineds loans. Please advise .
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Date: 2008-09-05 18:34:34
Message:
I have personal loans running in 4 banks , need to consolidate
Posted November 30th, 2008 by MildredDate: 2008-09-02 15:31:32
Query : I have Personal loan in four banks, Citifinancial, Cholamandalam, HSBC, and Barkalays finance, I would go for a consolidation of all Personal loan into One single loan EMI I have never bounced a cheque and the track record is good.Please suggest me a bank which can take over my existing loan in these bank . As on 30th September 2008 my net take home is 13000/- (Thirteen thousand only).
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Date: 2008-09-02 23:27:59
Message:
I have personal loan & private loans , need to reduce the EMI's
Posted September 16th, 2008 by MildredDate: 2008-07-29 09:06:40
Query : I HAVE LOAN BOTH FROM PRIVATE PARTY AND THE BANKS,SO MY TOTAL AMOUNT TO PAY FOR THE EMI AN THE INTEREST TO LOCAL CREDITOR IS RS.5500/-PM,TOTAL AMOUNT OF DEBT IS 1S.100000/-
I WISH TO REDUCE THE AMOUNT ?
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Date: 2008-07-29 16:41:55
Message:
To help me prepare a personalised debt consolidation plan for you, I need the following information from your end.
How much loan amount am I eligible for?
Posted August 18th, 2008 by adminQuery :- I want Personal loan of amount 5lakh for 5 years. I am working with NTPC Ltd since 25years. I don't have any loan running, my salary is 28000 per month. How much amount I am eligible for?
Answer:-Prima-facie you are eligible for the loan of Rs. 5 lacs. The EMI for a 5 year period at 18% will be Rs. 12,697. You can approach consolidation portals like www.deal4loans.com for your loan requirement. They are in a position to put you in direct contact with multiple banks who will be able to fulfill your requirement in one go.
Need to club my card dues & loans
Posted August 5th, 2008 by MildredDate: 2008-06-02 13:08:35
Query : I want to club my credit card dues and personal loans into one. Pls suggest.
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Date: 2008-06-02 13:39:27
Message:
To help me prepare a personalised debt consolidation plan for you, I need the following information from your end.
Initial Loan Amt |Tenure|Rate Of Interest|EMI|No of EMI Paid
Loan 1:
Loan 2:
You will also need to list your Credit Card outstanding and Net Income.
Looking forward to your response on this.
I Am an NRI , need a personal loan
Posted August 5th, 2008 by MildredDate: 2008-05-31 12:47:32
Query : I am working on a driiling rig presently at Qatar. My work schedule is 28/28 days on off . I am aresident of Mumbai for last 20+ years. My NRE account is with ICICI and salary is credited to that a/c. I am lookin for a personal loan of 4 lacs. My company DOES NOT have office in Mumbai. Can I get a loan?I am also interested in credit card. I will be reaching Mumbai on 12th June. Please advise by e-mail.
Because of my credit cards my name is in CIBIL
Posted August 4th, 2008 by Ritika(Ques) Because of I.C.I.C.I and SBI cards my name is there in CIBIL. Now I need a personal loan. I cleared all the credit card settlements and I am having the settlements letters. But no bank is giving me the loan or credit card because of that. I got a report from CIBIL. In that I.C.I.C.I over due shows zero but still SBI is showing the overdue amount of 8857. So I am in process in contacting SBI people to make it zero. But it takes time. now i need a personal loan. What to do? I am already having personal loan in icici and hdfc with good track.
My name reflects in the CIBIL report
Posted August 2nd, 2008 by MildredDate: 2008-05-30 16:21:50
Query : Sir,
I used to hold the credit card of HDFC and CITI BANK,due to some issue we went for settlement with each of these banks.
I had a full and final settlement letter from CITI BANK and an agreement letter from HDFC for the final amount settled.
Recently i applied for personal loan with ICICI and subsequently with CITI BANK,I was told that the status in the cibil is shown as WRITE OFF with each of these bank.
Have 2 loans running and huge card outstanding
Posted July 30th, 2008 by MildredDate: 2008-05-28 10:20:40
Query : I have a
Home Loan - 12,00,000 @ 11% age 7 months
Personal Loan - 5,00,000 @ 20% age 6 months
Credit Card - 1,50,000 @ regular rates
I want to consolidate these dues as I am able to pay about 40,000 a month for these installments. However, I see that the PL @ 4 years is taking a lot of my cash and I am not left with much disposable to pay off the complete amount due on the cards. I wish to finish the PL and the cards, and probably shift the entire thing on the HL or the likes, because the money from PL was actually spent on furnishing the house.
