As the pandemic appeared all of a sudden, as the financial crisis hit the country. The adverse impact of COVID can be witnessed across the globe, and there is hardly an economy in this world that is not facing the scourge of these passive economic activities.
The lockdown has relentlessly worked against an individual’s financial planning, disrupting one's continuous income along with salary cuts, fewer increments, and sometimes devastating the destiny by heart-wrenching layoffs. All these odds have led to a cash crunch for a person trying to survive in this global crisis, and that has paved the way for a substantial increase in the personal loan market.
EPFO reports a considerable number of applications for withdrawal of PF amount as an emergency need that indeed concludes many people are in dire need of Cash or financial help for the time being. Understanding customers’ needs, the banks have come up with many initiatives to help those people avail of personal loans so that their lives run smoothly without compromising much with their lifestyles and needs. And instead of losing all your savings, taking a personal loan for a few months is a wiser decision as you need to pay a part of it as your monthly installment. Once the situation gets in your favor, you also have the option to repay the loan in one go with a few penny extra charges, which won't bother you much.
To curb your financial problems, the lender provides various options to avail of personal loans. The best feature is you don't need to visit any bank as the financial institutions will do all the documentation. They bring their services at your doorstep, you will be allotted an experienced personal executive who will work out with you throughout the loan procedure keeping everything lucid and accessible for you without any hidden charges or paying an amount. The personal loan interest rates is affordable, making it economical.
So before applying for a Jana Small Finance Bank personal loan, what one should keep in mind:
You should have a pan card
A salary slip for a salaried person
Proof of Residence
A strong CIBIL Score - 750 and above
Age : 21- 60 ( at loan maturity)
Why should you choose Jana small financial Bank as your Financial partner:
Lower interest rate: 9.99% - 18.00%
Lowest EMI per lakh - Rs 2148
Tenure: 12 -60 months
Processing fee: 2.50% ( minimum Rs 1000)
Repayment Charges: Allowed after 12 Months (2 – 4 %)
Part-payment Charges: Allowed after 12 Months (2 – 4 %)
Minimum loan amount: Rs 50,000
Maximum loan amount: Rs 75 lakh
As the financial burden surmounts as the need for a personal loan increase to help you get out of the difficult situation and for this, Jana Small Finance Bank Personal loan has a lot more for you to fulfill your dreams that you have aspired for long.
Must Read-How misusing personal loan can damage your credit score?
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