Kolkata the city known for its amazing architecture stands to be the capital of the state in India known as West Bengal. Today let us see what role the person loan plays in this city and let’s find out about this in detail. Let’s go ahead and look at this!
In today’s world, a personal loan stands as one of the strongest factors that people opt for in case of any kind of emergency and it has proved to be the most helpful choice for all the common people out there.
Personal loans are offered by the various banks scattered all over the country, and one of the oldest Vijaya bank personal loan offers some of the best types of schemes and offers for the personal loan. This bank is situated in most places, so anyone from any part of the state can avail of a personal loan from Vijaya bank. This particular bank has around 1900 branches all over the country and for emergency help and customer service, it offers around 3500 customer points in any kind of urgent situation.
Coming to the interest rates and various factors of this bank, it has the rate of interest starting from 10% onwards and goes up to a percentage of 15.20% and this is calculated on a per annum basis for the personal loan holders. For this particular interest rate, the loan Vijaya banks offer to its borrowers and customers is of a price range of ₹ 10 lakhs. And looking at the duration of tenure periods it is about 5 years laid by the bank. And as we all know, personal loans include a little amount of processing fee, the processing fee of this bank is just about 0.25% as per the offering loan amount.
Now getting into the main topic for today, let us have a look at how personal loans and the processing of this kind of loan takes place in the city of Kolkata.
Kolkata is undoubtedly one of the most well-known city for its type of eye-catching cultural trend, type of literacy rate it bears and also known for its top financial sector that it holds strong due to its rate of commercial properties and strong way of communication by its people from all over the place without any fail.
The personal loan in Kolkata is known for its processing speed and approval time. This is one of the fastest ways to get loan approval. And most of the maximum loan amount that can be availed in the city such as Kolkata is about a price range of ₹ 25 lakhs. This kind of amount to be offered with less processing time is something which most of the customers and the borrower would prefer to look at. But one always wants to have such a price that comes with a certain low amount of interest rates and therefore they should look for some better banks that have all these kinds of requirements that a borrower wants to fulfill.
Coming to the repayments, the personal loans at the most offer the EMI type of repayment schemes to its borrowers, and hence the low EMI rates are preferred by the borrowers. So in this city, comparatively lower EMI payments are offered to its customers and it can go up to a percentage of 45% when opted in certain banks. The personal loan also comes to get approved within just 24 hours, that is just the wait has to be for a day and then the money is eventually credited into the borrower's bank account.
The loan payments and the repayments are also very flexible in Kolkata and this can be possible just with very minimal documentation that the banks ask for. And the maximum tenure period of the payments offered in Kolkata is up to 60 months which is more than reliable for most people. These are some kinds of benefits people in Kolkata who avail for personal loans enjoy and experience!
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