Basil Baby0729
TF Buzz
Hey TF Community,
This is for a friend of mine who has been rotating his credit card for a while right now, he also took a loan from bajaj finance with a intrest rate of 28% pa.
So is there any banks which provide lower interest rate as debt consolidation loan or something. Most of the banks advertises as 10.99% starting rates.
What are the requirements to get a better interest rate as 28% is almost a credit card interest rate.
Also while calculating personal loan eligibility does banks focus on the scores? Cuz he have a low score since he missed payments.
Can bank managers have the right to give a higher amount of loan, Iam taking about a loan around 5-6 lkh.
Did some googling and got to know idfc and kotak are offering these loans. Is it a hassle to get these loans? and they mention minimum wages as 25k is it possible to get a huge amount from that ? What are the procedures?
Also please suggest any alternative loans if there is any?
This is for a friend of mine who has been rotating his credit card for a while right now, he also took a loan from bajaj finance with a intrest rate of 28% pa.
So is there any banks which provide lower interest rate as debt consolidation loan or something. Most of the banks advertises as 10.99% starting rates.
What are the requirements to get a better interest rate as 28% is almost a credit card interest rate.
Also while calculating personal loan eligibility does banks focus on the scores? Cuz he have a low score since he missed payments.
Can bank managers have the right to give a higher amount of loan, Iam taking about a loan around 5-6 lkh.
Did some googling and got to know idfc and kotak are offering these loans. Is it a hassle to get these loans? and they mention minimum wages as 25k is it possible to get a huge amount from that ? What are the procedures?
Also please suggest any alternative loans if there is any?
