India is the land of festivals. We enjoy the various festival around the year. But the most awaited festival season starts from Durga Puja that ends with Diwali.
During these 2-3 months, people are in the spirit of spending money. You will easily find in your locality that your neighbors are renovating their house. And some people are looking to purchase new cars.
When the customers are in the hunt for offers and schemes. At the same time, all sorts of loans also get cheaper. In this festive season, the banks and other NBFC also declare their attractive offers on personal loans.
If you are also searching to take a personal loan. You can also take the benefit from this festival’s loan offer. A personal loan is a secured loan where you need not hand over any of your belongings to the lender. Unlike, any gold, home, or car loan.
For instance, you can avail of Telangana Bank Personal Loan. It offers personal loans at the rate of interest of 9.99% per annum. From this bank, you can take up to twenty lakh of loan.
The most common offers which are usually available during festival season from various banks are as follows.
Lower rate of the processing fee
The fast loan approval process.
Lower interest rate.
Lesser charges for prepayment or foreclosure.
These innovative offers are designed in such a way that the common man can easily get trapped. You should choose the loan amount which is required to fulfill your needs. Always consider your monthly income so that you will not be in trouble during the repayment.
Before applying for the personal loan you should compare it with other banks and loan offers of NBFC. With the advance of technology all the financing companies are available online, you need not go outside of the home in search of personal loans. You only need to visit the personal loan page of Dialabank and you can compare the various personal loan offer.
You can use the personal loan EMI calculator to figure out the monthly installment. There you need to enter the tenure, rate of interest, and your loan amount. With the easy loan process available on Dialabank, you can avail of the personal loan within a few simple steps.
Generally, the interest rate of personal loans is usually higher than any other sort of loan. It majorly depends on your credit score. If you have a good credit score which ranges between 750- 780. Then there are higher chances of getting loans approved with lower interest rates. But if the civil score is less than 750 your loan request may get rejected.
All the festival loan offers are always not worthy for every borrower. Don’t get tempted by watching a lesser rate of interest or any other offer.
Must Read:- Application Process of Personal Loan
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