Five Benefits Of Consolidating Your Unsecured Debts With Personal Loans
Five Benefits Of Consolidating Your Unsecured Debts With Personal Loans
Personal loan eligibility depends on certain significant factors like your fixed monthly income, your age and nature of employment, professional experience and CIBIL score etc. Personal details required for quick disbursal of personal loans from RDQ Finserv, the no 1 finance company in Kolkata West Bengal, include PAN Number, CIBIL score and your KYC documents.
Eligibility checklist for salaried people:
Now that you know the eligibility criteria and find yourself eligible for the loan, let us look at the documents you need to submit.
You must be wondering why the CIBIL score is so important. Let us first understand what a CIBIL Score is. By definition, the CIBIL Score represents the consumer’s credit score. It summarises the consumer’s credit history and redefines it in the form of a 3 digit number between the range of 300 and 900. This score reflects the person’s entire credit profile.
It plays a decisive role in the personal loan sanction process because:
With the CIBIL Score taken care of, you need to know the EMI you pay when you avail of a loan from us. There are two components to the EMI; the principal amount and the interest component.
Use our personal loan EMI calculator to understand your comfort level regarding the:
The actual loan application process can be done in two different ways. To apply for the loan offline:
It takes a few days for us to process your application. If approved, we will inform you immediately about it.
To get instant approval go online and apply for loan by:
Your desires and needs are paramount for us. When you approach us, we listen to you, guide you at every step and offer personalised financial solutions.
Yes, you heard it right! We feel your dreams should not suffer for want of collateral. We have done away with the need for security to cover the personal loan sanctioned for you.
This rules every aspect of our loan. You choose the EMI amount and your EMI tenure. No worries, No tension. You pay off your loan the way you want.
Competitive, affordable and tailored to your convenience and ability to pay, our interest rates attract because we understand you and feel for you.
Satisfaction through personalisation. This is our motto. We strive to ensure your satisfaction because you are not just a form to us. We know needs and capabilities vary. That one solution does not fit all.
Minimum documentation and loan approval within minutes. That is the way we work. You submit some mandatory information like your income and purpose for your loan. We take care of the rest and transfer the amount to your bank.
The process is swift and easy. You provide us with the required details like your PAN number, CIBIL Score and KYC documents, copies of your payslips, bank statements and address proof. For more details, go through our Personal loan eligibility and Documents required sections.
We, at RDQ Finserv, provide loans starting from ₹25,000 to a maximum of ₹3, 00,000. We approve of the loan amount depending on your eligibility.
The EMI or equated monthly instalment you pay will depend on 3 factors:
But with us, you can select your EMI based on your convenience by using our online personal loan EMI calculator.
Just input the following information and our calculator will do the rest.
The system will display your EMI complete with the break-up of the principal amount to be repaid and the interest to be paid. If this EMI is higher or lower than what you seek to pay, repeat the steps from 2 to 4.
You can apply for instant loan for a variety of reasons like:
No need for collateral when you apply for a personal loan from us at RDQ Finserv. The collateral-free feature of this loan makes it one of the best personal loans currently available in the market.
Apply online and get your loan application approved within minutes.
Like any other form of credit, a personal loan provides you with an opportunity to build creditworthiness and improve your CIBIL score. Paying off your EMIs with regular frequency to ensure loan repayment within the fixed tenure, will automatically improve your credit score.
The purpose of your instant personal loan decides whether you can apply for tax benefits on the same. The Income Tax Act allows you to claim tax benefits for personal loans on:
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