PERSONAL LOANS ARE GOOD FOR MEETING YOUR AMBITIOUS BUYS!
From “Dream Homes” in our Previous Blog Post to “All Other Dreams” in this post, be ready to fulfill all your dreams and live life king size with trustworthy guidance from Loan Bazaar by Upstream.
EXPENSIVE WATCH, HI-END JEWELLERY, DESIGNER CLOTHES, FOREIGN TRAVEL, DREAM CAR, LATEST GADGET, DIGITAL HOME, ETC… The list can go on and on; but what’s important is to know that, “Life today need not depend on how much funds you have…but instead, it depends on how much you can manage to get without much headache.”
Yes, you read it right. Getting or arranging funds in today’s times is not as tedious as it once used to be. Now “Making Your Dreams Come True is Easier Than Ever!” And Loan Bazaar by Upstream recommends, getting a Personal Loan to make your dream purchases is very much a good place to start.
Gone are the days when your salary determined your marriage eligibility. Now, your monthly take-home determines how much credit you can get. And this credit, if availed in the form of a Personal Loan, can indeed induce increased happiness without disturbing your future financial planning.
A personal loan is a type of unsecured loan; which means the debt isn't secured against any asset. With a personal loan, you borrow a fixed amount over a fixed term and usually pay a fixed amount of interest. You then repay this over time, making set monthly repayments.
Let’s look at some myths about Personal Loans that most people discuss and encounter while thinking “To take or not to take a personal loan…”
i. Interest Rates will kill you… The average current rate is 10.75% onwards. So clearly, about 1% per month on the borrowed amount is not going to really kill anyone. Just pay your EMIs on time and stay tension-free.
ii. They will have Hidden Clauses and Charges… A Processing Fee of about 2% Zero Prepayment Charges up to 5% Lowest EMI of about 2,162 per lakh and Repayment Tenure of up to 5 years… That’s pretty much what a Personal Loan includes. The rest are just a combination of legal Ifs and BUTs which are important, but not worrisome.
iii. They Will Keep Asking You for Documents Over Documents and Keep You Hanging… This is history. Now, most lenders like HDFC Bank, Tata Capital, IIFL, RBL Bank, Citibank, and ICICI Bank amongst others, offer paperless approvals and that too within a couple of days. All you need to do is, text them your intent and wait for them to call you back or visit you and help you with all the nitty-gritties “at your convenience”.
iv. Low Credit Score Leads to Loan Rejection… While your Credit Score is an important factor, it is not the ultimate deciding factor. Your monthly income, monthly liabilities and corresponding power to pay back are more important factors in determining how much you can borrow.
v. You Won’t Get a Loan When You Have Another One… This factor comes into play only when you have borrowed more than what you can pay back. If your monthly income can demonstrate that you can pay back the new loan, that’s all that matters.
vi. Banks are the Only Option and They Are Not Easy to Deal With… Both the above statements are untrue. Apart from banks, there are many other financial institutions like Tata Capital, Bajaj FinServ, Mahindra Finance, and many others who not only provide Personal Loans, but are also extremely easy and convenient to deal with. Apart from these lenders, Loan Bazaar by Upstream can help you with several other lenders who are wellknown, trustworthy and totally hassle-free.
We hope, the above details helped you in making the all-important decision, “To Take or Not To Take a Personal Loan…”
Just in case, you are still not convinced or if you may have other doubts, just drop us a text on +91 98199 31447 or Email@ shrish@upstream.net.in and let us show you how easy it really is. Give us a call and we will also demonstrate other reasons, “Why You Must Go For It Without Any More Delay or Worry”.
“Go Ahead, and Live Life to the Fullest in the Current Moment…
You only have “NOW” which is certain.
Everything else is uncertain!”
EXPENSIVE WATCH, HI-END JEWELLERY, DESIGNER CLOTHES, FOREIGN TRAVEL, DREAM CAR, LATEST GADGET, DIGITAL HOME, ETC… The list can go on and on; but what’s important is to know that, “Life today need not depend on how much funds you have…but instead, it depends on how much you can manage to get without much headache.”
Yes, you read it right. Getting or arranging funds in today’s times is not as tedious as it once used to be. Now “Making Your Dreams Come True is Easier Than Ever!” And Loan Bazaar by Upstream recommends, getting a Personal Loan to make your dream purchases is very much a good place to start.
Gone are the days when your salary determined your marriage eligibility. Now, your monthly take-home determines how much credit you can get. And this credit, if availed in the form of a Personal Loan, can indeed induce increased happiness without disturbing your future financial planning.
A personal loan is a type of unsecured loan; which means the debt isn't secured against any asset. With a personal loan, you borrow a fixed amount over a fixed term and usually pay a fixed amount of interest. You then repay this over time, making set monthly repayments.
Let’s look at some myths about Personal Loans that most people discuss and encounter while thinking “To take or not to take a personal loan…”
i. Interest Rates will kill you… The average current rate is 10.75% onwards. So clearly, about 1% per month on the borrowed amount is not going to really kill anyone. Just pay your EMIs on time and stay tension-free.
ii. They will have Hidden Clauses and Charges… A Processing Fee of about 2% Zero Prepayment Charges up to 5% Lowest EMI of about 2,162 per lakh and Repayment Tenure of up to 5 years… That’s pretty much what a Personal Loan includes. The rest are just a combination of legal Ifs and BUTs which are important, but not worrisome.
iii. They Will Keep Asking You for Documents Over Documents and Keep You Hanging… This is history. Now, most lenders like HDFC Bank, Tata Capital, IIFL, RBL Bank, Citibank, and ICICI Bank amongst others, offer paperless approvals and that too within a couple of days. All you need to do is, text them your intent and wait for them to call you back or visit you and help you with all the nitty-gritties “at your convenience”.
iv. Low Credit Score Leads to Loan Rejection… While your Credit Score is an important factor, it is not the ultimate deciding factor. Your monthly income, monthly liabilities and corresponding power to pay back are more important factors in determining how much you can borrow.
v. You Won’t Get a Loan When You Have Another One… This factor comes into play only when you have borrowed more than what you can pay back. If your monthly income can demonstrate that you can pay back the new loan, that’s all that matters.
vi. Banks are the Only Option and They Are Not Easy to Deal With… Both the above statements are untrue. Apart from banks, there are many other financial institutions like Tata Capital, Bajaj FinServ, Mahindra Finance, and many others who not only provide Personal Loans, but are also extremely easy and convenient to deal with. Apart from these lenders, Loan Bazaar by Upstream can help you with several other lenders who are wellknown, trustworthy and totally hassle-free.
We hope, the above details helped you in making the all-important decision, “To Take or Not To Take a Personal Loan…”
Just in case, you are still not convinced or if you may have other doubts, just drop us a text on +91 98199 31447 or Email@ shrish@upstream.net.in and let us show you how easy it really is. Give us a call and we will also demonstrate other reasons, “Why You Must Go For It Without Any More Delay or Worry”.
“Go Ahead, and Live Life to the Fullest in the Current Moment…
You only have “NOW” which is certain.
Everything else is uncertain!”
Nicely written
ReplyDeleteThank you Aarti for your comments
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ReplyDeleteTravel loans are a fantastic option for those who want to embark on their dream journeys but need a little financial assistance to make it happen. They offer a convenient way to fund your travel plans without depleting your savings or racking up high-interest credit card debt.
ReplyDelete