Quick Loan Bad Credit

An instant personal loan can give you a financial boost in your tough times.

Whether you are a salaried person or self-employed, at certain times you may confront financial crunches.

Yes, a quick & easy personal loan at a reasonable interest rate could be the solution to all your monetary problems.

Being a salaried employee, it can be easier to get the loan approved showing the income proof, but when it comes to a self-employed individual, people believe that it can be difficult to get a loan sanctioned.

Lenders are willing to give loans to self-employed individuals who have their documents ready.

Eligibility Criteria: The borrower should be a resident of India between the age 18 - 65 yearsThe annual turnover or profit has to be 1 lakh or as per the requirement of the lenderThe borrower has to be in the same business for at least 3 years or moreDocuments Required:Proof of age - Birth certificate/passport/PAN cardProof of ID - Voter ID/Passport/Aadhar/PANPhotographsProof of residence - passport/utility billLast 3 months bank statementProof of income - Latest income tax return, the balance sheet of last 2 years, profit/loss certificateCheck with the lender if you need to submit any other documents.

A personal loan is an unsecured (without collateral) loan that can be used by the borrower for any purpose.

These loans are the most popular kind of loans in the market, as Applying for Personal Loans and their eligibility criteria are very easy-going for borrowers.

Read on to find out about How to apply personal loan Online in India.When can you apply for a personal loan?

Being a multipurpose loan, the borrower can use the amount on:For Home renovation:The borrower can use personal loans to fund the repair and renovation of their residential or even non-residential properties.

They might be limited; meanwhile personal loans can help mitigate the further need for capital while pursuing higher education.Wedding:Indian weddings are massive financial burdens; however, it is the dream of many to have an elaborate wedding celebration.

Personal loans can help mitigate some of the burdens of Indian Wedding finances.Medical Emergencies:While special medical loans exist personal loans are much quicker to obtain in times of emergencies with minimum documents.For Traveling:With the value of the Indian Rupee declining, a trip to foreign locations has become more expensive.

KreditBee is a digitally-based application that offers fast personal loans with minimal documentation.

Customers can get their credit authorized in minutes thanks to technology.

KreditBee personal loan start at Rs.

1000 and can go up to Rs.

2 lakh, with repayment terms that you choose.

RapidRupee is the largest quick loan app that helps you with a quick loan.

So, apply for loans now!

Visit - https://www.rapidrupee.in/quick-loans/   See Also -  Instagram - https://instagram.com/rapidrupee Facebook - https://www.facebook.com/rapidrupee.in/ Twitter - https://twitter.com/RapidRupee YouTube - https://www.youtube.com/channel/UCQyXHZLSjG47dE0RebP1Q4A 

A instant personal loan can give you a financial boost in your tough times.

Whether you are a salaried person or self-employed, at certain times you may confront financial crunches.

To save yourself from unwanted and uninvited emergencies, nothing can be better than opting for a loan.Yes, a quick & easy personal loan at a reasonable interest rate could be the solution to all your monetary problems.

Being a salaried employee, it can be easier to get the loan approved showing the income proof, but when it comes to a self-employed individual, people believe that it can be difficult to get a loan sanctioned.This is not the truth as a self-employed person can easily avail a loan from a trusted lender/bank after submitting the necessary documents and fulfilling all the formalities.

Lenders are willing to give loans to self-employed individuals who have their documents ready.

Check out the personal loan eligibility criteria, required documents, and other things to get an instant personal loan.Eligibility Criteria: The borrower should be a resident of India between the age 18 - 65 yearsThe annual turnover or profit has to be 1 lakh or as per the requirement of the lenderThe borrower has to be in the same business for at least 3 years or moreDocuments Required:Proof of age - Birth certificate/passport/PAN cardProof of ID - Voter ID/Passport/Aadhar/PANPhotographsProof of residence - passport/utility billLast 3 months bank statementProof of income - Latest income tax return, the balance sheet of last 2 years, profit/loss certificateCheck with the lender if you need to submit any other documents.Rate of Interest (ROI):The rate of interest depends on various factors including the relationship between the lender and borrower, credit history, and many more.

While there is a proprietary algorithm that determines your CIBIL score, the most important elements of the score composition are based on an individual’s loan payment behavior.What is the CIBIL score?Your CIBIL score is a 3-digit numeric summary of your credit history, derived by using details found in the 'Accounts' and 'Enquiries' sections of your CIBIL report, including (but not restricted to) your loan accounts or credit cards, and their payment status, as well as outstanding amounts’ days past due.

The score reflects your credit worthiness, based on your borrowing and repayment history, as shared by lenders.

Your CIBIL score ranges from 300 to 900 and the higher your score, better are your chances of getting a loan approved.

In fact, 79 percent of loans are sanctioned to consumers with a CIBIL score greater than 750.How is the CIBIL score calculated?There are four key factors that impact your CIBIL score:Payment history: Making late payments or defaulting on your EMIs has a negative impact on your score.Credit mix: Having a balanced mix between secured loans and unsecured loans is likely to have a positive impact.Multiple enquiries: Too many loan enquiries may have a negative impact on your score as it indicates that your loan burden may go up in the future.High credit utilisation: A high credit utilisation limit indicates a rising debt burden over time and may negatively impact your scoreHow can you work towards a high CIBIL score?Your CIBIL score is based on your credit history and past payments, but it subsequently impacts your future access to credit.

What you do today can help you build a stronger and healthier credit footprint.

Be prudent, do not use too much credit, and control your utilisation.Maintain a healthy credit mix of secured (like home loan and auto loan) and unsecured loans (like personal loan and credit cards) — too many unsecured loans may be viewed negatively.Apply for new credit in moderation.