Availing a personal loan has become the simplest way to tackle the financial crunch these days. This loan is very popular among borrowers as it is offered at minimal eligibility and can be utilized for various purposes making it an ideal choice for loan applicants whether it provides financial support for medical emergency or funding a purchase of electrical gadget or renovating a home etc.

One of the great advantages of a personal loan is that it is approved and disbursed within a day. You can “APPLY FOR PERSONAL LOAN“ to fulfill any of the above mentioned purposes. However, one must be aware of several things about loan which can lead to problems in future. Many people ignore such factors which may impact their future finances if they fail to repay the EMIs.

In this article, we have mentioned some factors that most of the borrowers ignore which lead to debt trap. Therefore, here are some of the don’ts for getting an approval on personal loan.

✓ Don’t accept the first loan offer: You might get several loan offers by various lenders in your inbox or mail box but it doesn’t mean that you accept the first offer you get. It is never advisable for anyone and even if you are given an exciting offer, it is significant to check other offers from different lenders and choose the one that suits your needs and budget. Keep in mind to shop around before availing a loan.

✓ Don’t take out the maximum amount: A lending institution might to go for a full loan quantum for which you have cleared the eligibility check. However, we don’t recommend availing a big loan just in case you are eligible for it. Personal Loans are unsecured loans that come with high rate of interest and hence you need to be careful before applying for a specific loan amount.

On the other hand, it is important to evaluate your repayment capability before you “AVAIL A PERSONAL LOAN“. Therefore, avail an amount as per your needs and repayment capacity. The repayment amount that seems manageable during approval may be mistake down the line just in case you unexpectedly lose your job position or in situation where you need to spend such a huge amount.

✓ Do not apply several loan applications at same time: Most of the borrowers who have an urgent need for funds sometimes apply for a loan with multiple lending institutions at once. Every loan application requires checking your credit score which reduces your CIBIL marginally. These checks could inversely hurt your credit score which lowers your loan eligibility and credibility as well.

It is often true to say that a personal loan is a financial product that could give you a financial assistance to deal with different financial requirements. So, keep in mind about these above mentioned pointers while taking a personal loan will save you from number of financial troubles in future. “APPLY FOR PERSONAL LOAN ONLINE“ at ShubhBank and get it approved in minutes with no hassles and stress.

Availing a personal loan can help you build a strong credit profile with a history of timely repayment. Therefore, when you apply for higher loan amount in future such as home loan or business loan, lender will access your application instantly because you would have already established yourself as responsible borrower.

There may be several compelling reasons that may prompt you to “Apply For Personal Loan“ such as paying for a medical emergency, planning a dream vacation or even to consolidate your debts. Moreover, the open usage of this unsecured loan makes it popular financial product in the lending market.

In this article, we will look at different reasons that are driving more and more borrowers in country to take a personal loan with every passing year.

• Fulfill Personal Aspirations: Every person has a set of desires that they aim to fulfill in their lifetime. It could be something like buying a new laptop, adding a new room to your house or taking a holiday plan. This loan will help you meet all these expenses as majority of individuals live on fixed monthly incomes.

One doesn’t want to dip into their life’s savings to finance these purchases because he/she needs to think of their retirement age ensuring that their family is taken care of in their absence. Going the way of availing personal loan help you to make such aspirational expenses that one can pay back to the lender in easy EMIs.

• Consolidate Existing Debt: In some situations, a person misses his/her previous loan repayments and fell into a debt tap. Getting a personal loan to consolidate your debts helps you to manage such circumstances. It brings all your financial liabilities under single roof and instead of repaying multiple installments. One has to repay a single lender only.

Furthermore, a personal loan not only consolidate your debts but also add some benefits like boosting your credit rating as well as history which will in turn help you to secure higher credits in future.

• Start Your Business: In our country, young people are opting to go the entrepreneurial route these days and major challenge in setting up a new venture is funding for it. Not every has ample amount of saving to invest in business so this problem can be solved by opting a personal loan from ShubhBank at affordable rate of interest.

• Tackle unforeseen expenditures: In general, life is unpredictable so how much you prepare for it; you may come face to face with some instances where you may not be in situation to meet the financial expenses whether it is a household repair, car breakdown or other unplanned expenditure. In such situations, it is the best option to “Apply For Personal Loan Online“ to tide over it.

Hence, when you need a quick influx of funds, a personal loan is always a savior. Anyone can reach out to ShubhBank to avail a Personal loan or get in touch with us if they have any queries related to loan terms and conditions.

Nowadays people have been availing the loans to fulfill their needs of funds. The loan procedure is same for every lender whether it is NBFCs or any bank; once you borrow the money then you have to return it with payable interest on the predefined time or in monthly installments.

However, the traditional loan and online loans serve the same purpose but with the emergence of internet and digital technology, everybody is blessed with the power to transact that lies at the fingertip of their hand. Getting a loan is same as buying a piece of cake these days. ShubhBank offers customized online personal loans for every purpose, be it buying any electrical appliance, gadget or going on a vacation or to bear wedding expenses etc.

One can “Apply For Personal Loan“ which can be utilized for any purpose. It is collateral free loan which saves you from pledging any of your personal assets to the lender. An online Personal Loan can be availed via our website ShubhBank.com without any physical visit to the branch and the entire procedure will be digital and paperless as compared to traditional loan process.

In this article, we will discuss the benefits of online Personal Loan as compared to traditional loan:

• Paperless Procedure: An online personal loan follows a seamless process that is paperless as well as digital which are done with a simple online loan application whereas conventional loans involve piles of papers. The online loans are perfect for the millennial generation who are always in tearing hurry.

• Instant Disbursal: However, a tradition loans may take a time of 1-2 weeks for disbursal whereas online loan can be credited to your bank account within 1-2 business days. Whether both serves your purpose but when you are in immediate need of funds then online Personal Loan can be a lifesaver for you.

• Easy Availability: One of the major drawbacks of traditional loans is that they can be availed only in working days or hours while online loans are available around the clock. Well, emergencies don’t come with prior notice, so online Personal Loan is a best option because they are available on weekends as well as on holidays.

• Minimal Documentation: Getting a tradition loan means collecting multiple documents to confirm your creditworthiness and identity to the lender whereas online Personal Loan asks for bare minimum documents that can be uploaded conveniently from your Smartphone. It will save both your time and legwork.

• Hassle free: The online loans are entirely hassling free as you don’t have to move from your recliner to complete the loan process. This is the comfort of using digital technology that you can “Apply For Personal Loan Online“ anytime anywhere to meet your requirements.

Hence, online Personal Loans prove to be a real savior in any financial emergency. One can pick a tailored made Personal Loan at competitive interest rates from ShubhBank to solve the shortage of funds in immediate situations. Get in touch with us and say goodbye to all of your financial worries and crisis.

Sometimes, we may not get chance to fulfill our desires and forced to put your aspirations aside due to hectic schedule and financial restrictions. Desires don’t go away as you might have always wanted to purchase a new bike or gadget or wanted to take your family on a dream vacation but may not fulfill them. On contrary, you require instant funds to face any emergency where you are left with an only option, borrowing funds.

In such situation, Personal Loans come to your rescue which is obtained for a variety of purposes such as paying medical bills at hospital, planning a destination wedding or renovating your home etc. However, most of individuals might be hesitant to “Apply For Personal Loan“ but there is a list of factors which make it a viable borrowing option. Let’s read out such beneficial factors to you to decide on taking out a Personal Loan.

✓ Online process: Nowadays, one doesn’t need to visit any lender as he/she can apply for Personal Loan online from the convenience of your personal space. To verify your legitimacy, you just need to submit soft copies of KYC documents online.

ShubhBank has made the loan procedure more simplified and easy these days with doorstep documentation services. We value our customers and provide customer support to answer their queries and to finish the loan application quickly and correctly. One can complete the loan application process along with required documentation just under 30 minutes.

✓ Flexible repayment: The repayment for personal loans are flexible and designed to meet variety of purposes like home renovations, weddings, travel as well as medical emergency expenses. ShubhBank provides you the customized personal loan based upon interest rate, repayment structure and tenure.

Moreover, the interest rate upon loan varies depending upon the various factors such as principal amount, repayment duration and evaluation of borrower’s credit history. Therefore, loan is tailored just for you to fulfill all your desires and goals. So pick a loan tenure that enables you to customize your monthly outgo according to your necessities.

✓ Minimal documentation: Availing a loan was a tedious process in past days because of onerous qualification standards and paperwork requirements. However, ShubhBank offers you fully digital lending process where you can upload basic documents to get approval on your loan without experiencing any hassles.

We also provide a doorstep service for documentation collection so a borrower can expect a quick approval and smooth disbursal as well.

✓ No collateral: Personal Loans fall under the category of unsecured loans and you need not require putting any kind of personal asset as collateral in the event of non-payment of debts. You can “Apply For Personal Loan Online“ just with a good credit history and can fulfill your every desire, need, ambition or dreams with instant funds.

Hence, one of the most convenient and popular types of financial product available in recent times is Personal Loan. We have already stated some of the benefits of such loan which makes it a viable borrowing option that suits your budget easily.

A Personal Loan is always a convenient option when you are struggling with any financial issue. It will provide you complete assistance and fulfill your monetary needs without exhausting your emergency funds. ShubhBank is one stop solution for every kind of your financial need where you can “Apply For Personal Loan“ to get instant funds to face urgent expenses.

We take care of every loan seeker’s need and offer varieties of Personal Loans to meet your numerous needs. Here, in this blog post, we will look upon the list of reasons for using personal loans:

✓ Electrical appliance: Sometimes your home appliances such as AC or geyser makes you lighten up your pocket as they need an up gradation and few times they totally break out. In case you are unable to fulfill the required demand but it’s basic thing that add convenience to your daily life then you must avail a Personal loan to make a new purchase or to get your appliances serviced.

✓ Wedding: It is true to say that Indians have big fat weddings and may cost you your lifetime savings. To make the most of this auspicious occasion so people choose expensive venues and luxurious themes which require big budget. Therefore, to make your wedding unforgettable and easy on finances, you can take a Personal Loan to make your dream true.

✓ Rental deposit: Few times, you need to change your city due to your new job or transfer and you have to rent a flat or house. So, a rental deposit will help you secure that expense. One can repay the loan money to lender upon termination of their lease.

✓ Travel: The travel loans come under the roof of Personal Loans that can turn your plan of exotic trip into real fun. If you are making plan of travelling to your dream destination with your friends and family but not having enough savings, you can book your fares and hotel with a personal loan.

✓ Medical urgency: Whenever you face any medical emergency the first thing you stress about paying the huge hospital or medical bills. Here the Personal Loans come to your rescue as they are enough to cover medical tests, treatments, surgeries and other hospital bills etc. ShubhBank is always there to help you in such difficult scenario by sanctioning you instant money.

✓ House renovation: When you want to improve your home style or need to add any extra room as your family is expanding these days. A Personal Loan comes in handy if you want to buy furniture or consumer durables or to make small construction expenses. If you have steady income, then you can “Apply For Personal Loan Online“ to plan a set up.

Hence, ShubhBank offers budget friendly EMIs and attractive rates of interest on Personal Loam for the borrowers who are in need of instant funds. We tailor our financial product and services to meet the need of every individual at any stage of life. If you are in need for any of the above mentioned things, you can avail Personal Loan from us.

However, maintaining comfortable lifestyle is a new struggle for salaried individual in this inflation and fulfilling the aspirations without burning a hole in your pocket becomes a great challenge and the way that comes to the rescue under such situation is a Personal Loan which helps you to bridge your financial needs instantly. Personal Loans have are trending for being quick, collateral free and disbursed quickly to fund your personal and business needs.

Nowadays, millennial are seeking personal loans to fulfill their financial needs as it is the convenient way to cover your expenses such as medical bills, new age gadgets, wedding, travel expenses etc. An individual can “Apply For Personal Loan“ with minimal documentation and basic eligibility needs such as good credit score and repayment history. Now, you must be wondering why borrowers choose personal loan so here is a list of those reasons:

» Hassle free process: In past times, getting a loan requires lot of legwork and paperwork where you have to follow a long procedure to access the funds. With the emergence of advanced technology, online lending institutions such as ShubhBank have created a web portal where borrowers can get online Personal Loan within few hours. You just have to complete the loan application online and submit required documents to get the funds after approval.

» Flexible repayment period: A Personal Loan is capable of offering you a sufficient amount to fulfill your needs. Generally, the loan tenure for personal loan ranges from 6 months to 5 years and you can choose flexible repayment structure that suits your pocket. Moreover, availing a Personal Loan and repaying EMIs on schedule can improve your credit score to get bigger credits in future. So, choose the tenure carefully as per your preferences.

» Paperless loan: These loans fall into unsecured loans category where you don’t have to pledge any personal asset as collateral to access the loan money. One no longer has to go through submitting the piles of paper as you can submit basic documents to apply for a loan at ShubhBank. This basic documentation involves PAN card, ID card, latest bank statements as well as ITR slips.

» Competitive interest rates: One of the key reasons why borrowers prefer Personal Loans over any other financial product is the reasonable interest rates. Because of competitive rates of interest, borrowers do not feel burdened by higher loan cost. In recent times, NBFCs such as ShubhBank offers lowest possible interest rates to provide you easy funds. A Personal Loan is the best financial option for salaried individuals to get the money to face any financial urgency.

Hence, these are some of the reasons for which personal Loan has become a preferred financial tool for millennial during a financial crunch. Therefore, don’t wait any longer to avail a loan and “Apply For Personal Loan Online“ at ShubhBank as we always cater a loan according to customer expectations and requirements. For more details, visit ShubhBank or get in touch at our online platform to avail maximum of our benefits and services.