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Quick & Easy Personal Loan Online

Get quick and easy Personal loan for salaried employees at low-interest rates from Nitstone Finserv. Check your eligibility and apply for an instant personal loan with quick approval.

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Quick & Easy Personal Loan Online

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  1. Quick & Easy Personal Loan Online

  2. What is Personal Loan? A personal loanis a type of debt which is made for personal, family, or household use, and which is neither a business loan nor a long-term mortgage loan. • Secured Loan A loan that is backed or secured by collateral which could be repossessed if the lender defaulted on the loan • Unsecured Loan Unsecured loan: a loan that is not backed by collateral

  3. Sources of loans

  4. Detailed Process

  5. Documents required ForSelf Employed

  6. Documents required For Salaried

  7. Key Factors To Analyse “A contract that specifies the terms of a loan, as agreed to by the borrower and the Lender.” • Know Your Customer (KYC) • Amount of the loan • Interest rate • Tenure

  8. Loan Repayment Schedule EMI – Estimated Monthly Installment/Equated Monthly Installment EMI = (P * R/12) * [ (1+R/12)^N] / [ (1+R/12)^N-1], Where; P = Principal (loan amount); R = Annual Interest Rate; N = No. of Monthly Instalments Number of Installments Interest: Rate and Type

  9. For Your Knowledge

  10. Most Important To Remember!! Credit Information Bureau of India Limited (CIBIL) Credit Information Company: rates all loans taken from banks. 90% of loans sanctioned are to individuals with a credit score of 700 and higher!

  11. For any query regarding personal loan, visit https://www.nitstone.com

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