Personal Loan
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 existing personal loans can I get a fresh one?
Posted November 24th, 2008 by MildredDate: 2008-09-01 15:19:25
Query : Dear amitoj, kindly help out me to solve the following query: am hvg loan amt. 1.5 lakh P L from a pvt. bank and 60000 k on credit card from the same bank, and also hvg. 55000k from relatives. which i am repaying it from my monthly salary , can i get a fresh loan of sum of rs. 2.5 lakh from a bank so i can pay only one installment to the one borrower. thanks with regards.
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Date: 2008-09-01 15:53:08
Message:
How do I repay my personal loans
Posted October 14th, 2008 by MildredDate: 2008-08-14 17:46:33
Query : please guide me how to repay 8 lacs loan amount
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Date: 2008-08-18 10:41:30
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.
How do I settle my personal loans?
Posted October 9th, 2008 by MildredDate: 2008-08-07 13:05:03
Query : I have taken a personal loan of Rs.30,000/- amd am paying regular EMI of Rs.1409/-.. I wish to know how to settle the loan in single amount... pls help.
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Date: 2008-08-07 17:43:55
Message:
If you have funds to fore close the loan, then you need to approach your bank & they will give you a full & final amount which could include some amount of charges.contact your bank they will help you out.
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.
I have not paid up my loans since 3 years now
Posted September 11th, 2008 by MildredDate: 2008-07-26 09:33:20
Query : i had taken a loan 3 years ago and have not paid the EMIs i am worried abt my credit scores pls help.
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Date: 2008-07-28 14:30:43
Message:
You need to clear your outstanding as your credit history get s affected. Kindly make sure you clear your dues to get your credit rating on track.
Please revert with any clarifications on the above answer.
Regards,
Amitoj Sethi
need to clear off my personal loans
Posted August 29th, 2008 by MildredDate: 2008-07-17 12:10:39
Query : trapped in debt want to clear the small loan and take home loan (top up & b.t) kindly advise
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Date: 2008-07-17 16:28:13
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.
have 3 personal loans running
Posted August 21st, 2008 by MildredDate: 2008-07-01 11:30:31
Query : I have existing 3 Personal loans which want to consolidate to one so that the emi is upto 10k . I want to cancel all existing loans and transfer the loan to single bank..the total loan amount I have taken is 4.5lacs of which i have already paid 10-12 emi's..I have few card dues also which i want to close with this new loan...can i take such a loan from any bank..or what the best way out for me?
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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.
