Hey folks!
I saw slice ad saying they are offering some upto 5 l interest free loan. Checking that out.
But what companies are offering loan at some extremely low interest rates? I am assuming banks would charge a premium vs the tech companies.
I am looking for some 2-4l loan purely because I can earn more via trading than the interests I'd pay for loan.
I would advise you to not take a personal loan for trading. That is one big mistake. Just don't do it. Also HDFC bank provides cheapest rates for PL.
You can get an overdraft over FD from some banks like ICICI. It is 2% over your FD interest. The money in FD continues to earn interest. So net interest reduces a lot. I think the processing fee is nil too (not sure). It is usually a cost effective loan when you have money in hand already. Max overdraft you can take is 90% of the amount in FD.
Lord SBI offers at 1%😎
Bank of Maharashtra and other PSU. Try availing PL from where you have a salary account and negotiate with them.
Don't do trading with loan money bro.
If you have mutual funds get a loan against them its cheaper than all loans try it on smallcase
Check your Loan Agreement. Some (not all) issuers have a End Use Restriction that prohibit you from certain uses even for a personal loan. Investing is one of those use cases.
PSBs offer lowest interest rates. But would suggest not to take PL for trading or investing.
I am a salaried and I have a personal loan emi of 23000 and the loan is pending for 2 more years.
I have an option to close this by paying the complete amount now which would be around 5.5 lakh.
Should I try and close loan first or all...
I tried Paytm payments Bank but payment options were fairly limited. Deactivated after a few months.
Has anyone tried this one? Is there even a point to such loans apart from emi/big purchases?
Currently working as marketing executive in a pvt company. Last week I have applied for personal loan to bank of baroda and axis bank, after analysing documents and cibil score they have rejected my application.
Now what should I do? ...
