My Cycle Continues (Pls Suggest Loan ie tested Lowest Charges)

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Atlantic

With No option left I am stuck in Loan cycle have to do it No other option

I have following offers But I need something which is most Economic 

-Earlier had repaid Full Personal HDFC loan at 11.5% Int closed 1.5 yrs back 


Current Offers-

-14.5% Loan on card hdfc + 1% PF +GST on Int on Loan on CC

-18% Loan on card kotak +1 PF + int on gst

-Applied at HDFC got rejected 

-My Axis Salary A/c 2 yrs ols did not found me worth giving
-One running from SC at 11% no GST on Int (They are not giving any more)

Any one who knows for sure IF I can get at Less interest pls suggest bank or App


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Talk-Of-The-Town Talk-Of-The-Town
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I think u r the one who has multiple CC/loan with almost 20L+ pending loan/dues

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_Dracarys_ wrote:

I think u r the one who has multiple CC/loan with almost 20L+ pending loan/dues

Yes Unfortunately, Got it down to 14 L now

Deal Subedar Deal Subedar
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You remind me of a quote “If you can’t be a good example, then you’ll just have to be a horrible warning.” All in lighter sense. 

I am really curious – how did you manage to get yourself in this pure, organic, wholesome, thick shit?! 



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Ramta_Jogi wrote:

You remind me of a quote “If you can’t be a good example, then you’ll just have to be a horrible warning.” All in lighter sense. 

I am really curious – how did you manage to get yourself in this pure, organic, wholesome, thick shit?! 



Not all Individuals are lucky enough not to face some real shit

Easy to Judge, Hard to empathize

i am a family oriented person Would rather die helping Loved ones

Deal Subedar Deal Subedar
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Atlantic wrote:

Not all Individuals are lucky enough not to face some real shit

Easy to Judge, Hard to empathize

i am a family oriented person Would rather die helping Loved ones

As I said earlier – all in lighter sense. There was no sarcasm. Just curious to know. Help me avoid the disaster you got yourself into unknowingly. 

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Ramta_Jogi wrote:

As I said earlier – all in lighter sense. There was no sarcasm. Just curious to know. Help me avoid the disaster you got yourself into unknowingly. 

Nah Wasnt targeted at you just keeping point of view in crisis, tone sometimes goes negative

Basically if you have no debts and even have. average job of 30k per month or a business that provides net 30k earning ome shouldn’t worry abt such situation little money management can help succeed

for my case I am paying bad debts and losses faced by my family business, Initially they without telling me or anyone took non bank loans which are at local community level


Interest rate being 36% fixed annually on non emi lumpsump basis,

Basically this costed my family 72000 of interest for Each One lakh, That too just paying interest not paying even principle

So I took some loans from bank max at 15% reducing balance interest, and on emi basis ie. paying interest and principal together. This is atleast 6x cheaper than what my family took.

Deal Subedar Deal Subedar
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Yes. I was thinking on the same lines. My cousin’s in-laws have been doing the same – taking loans from market at whopping 20-30% since no bank would give them the loan for capital requirement. 

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Does anyone hold experience of personal loan fully 100% digital process

not even a single physical verification

Deal Newbie Deal Newbie
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Atlantic wrote:

hi
do you havd By personal experience

as lot of companies like this offer above 15%

I dont have any experience.. sorry.

I became aware of these companies.. when I was looking to invest in P2p lending.

Kolkata Knight Riders Kolkata Knight Riders
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DBS has a digital loan option if your credit score is good. I didn’t get it with 5-6L worth of loans running, but you can try.

What amount are you looking for? 12% club is the easiest and most convenient option without any physical visits or documentation, but they give max 1L and it depends on your credit score. I got 50K limit, but I can take it any time and any amount (in increments of N*1000, don’t remember exact number) and pay anytime and any amount. The interest is charged daily so you don’t have to pay extra.

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charcoal wrote:

DBS has a digital loan option if your credit score is good. I didn’t get it with 5-6L worth of loans running, but you can try.

What amount are you looking for? 12% club is the easiest and most convenient option without any physical visits or documentation, but they give max 1L and it depends on your credit score. I got 50K limit, but I can take it any time and any amount (in increments of N*1000, don’t remember exact number) and pay anytime and any amount. The interest is charged daily so you don’t have to pay extra.

thats a hekpful info thanks will give a shot

Deal Subedar Deal Subedar
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Atlantic wrote:

Does anyone hold experience of personal loan fully 100% digital process

not even a single physical verification

Yes. HDFC Jumbo loan on credit card. Twice, second loan offer came when first loan was still open and running. Sanctioned with just an OTP

Same with icici loan on credit card. Just an OTP on mobile and email. 



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Ramta_Jogi wrote:

Yes. HDFC Jumbo loan on credit card. Twice, second loan offer came when first loan was still open and running. Sanctioned with just an OTP

Same with icici loan on credit card. Just an OTP on mobile and email. 



those guys charge too much

I am thinking to keep rotating untill some good offers come like under 12%

FYI i rotate by rent option I kow its not right but cheaper if you calculate

Deal Subedar Deal Subedar
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Atlantic wrote:

those guys charge too much

I am thinking to keep rotating untill some good offers come like under 12%

FYI i rotate by rent option I kow its not right but cheaper if you calculate

Icici was on 12%. Icici has always given better loan rates on personal loans. 

HDFC on 15 and second on 13.5%

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