Personal Loans for Bad Credit Can Discipline Repercussions of Negative Credit

Bad credit is like an ongoing battle for many loan borrowers. Bad credit has many repercussions for the people when they apply for personal loans. You usually are branded as a bad credit borrower if you have anywhere in your credit history terms like late payments, county court judgments, bankruptcy, foreclosures, charge offs etc. All such financial blunders are termed as bad credit while applying for personal loans. But then again there is a solution to every difficulty. In this case it is called – personal loans for bad credit.

Bad credit borrower when applies for personal loans usually face the liability of higher interest rates. This is. When you make late payments on your loans, it is a negative sign with respect to loan borrowing. It is termed as bad credit on your credit report. The loan lender sees this and charges you more because your credit report indicates a paradigm of risk. It suggests that you might make the same mistake again.

The threat of higher interest rate can be considerably reduced by placing collateral for personal loans with bad credit. Secured Personal loans for bad credit will be easily approved. Also, they have lesser interest rates. This is because you are placing a security which can be used by the loan lender to pay for their money if you fail to repay. This minimizes the risk of the loan lender. A home or real estate makes the best collateral for bad credit personal loans. You can’t slip with secured bad credit personal loans. It is absolutely advised against. For you can lose your property in such a deal. The loan lender providing bad credit personal loans will also be looking at things like your job profile. If you have a stable job which you have been continuing for some years – your bad credit personal loans application will not be passed unheard.

Unsecured personal loans for bad credit will not require you to place any security for the loan. But they are hard to find because not many lenders are enthusiastic about offering bad credit personal loans without security. However, with competition, they are offered to more and more people with bad credit. Your interest rate for unsecured bad credit personal loans will be higher than its secured counterpart.

Credit history is very important with respect to bad credit personal loans. You have bad credit history. Under no circumstances can you escape its consequence. A bad credit personal loan borrower must know his credit score for that will decide how much he is going to pay for the loan. Also knowing your credit score will prevent you from getting duped by loan lenders who might misuse your position as a bad credit personal loans borrower.

So, how do you get to know your credit score? You can apply for your credit report at any credit reporting agencies i.e. the Experian, Trans union and Equifax. These credit reporting agencies will have a detailed credit report on your previous financial transactions. When you have bad credit, it gets reflected on your credit score. A lower credit score means a bad credit score. A credit score ranging form 500-535 will be heading for bad credit personal loans. In case you have bad credit score, don’t lie about it. Most probably the loan lender will get to know the truth. A rather honest credit score details will win you favour with the bad credit personal loans lender.

Take a bad credit personal loan amount that does not intent to burn hole in your pocket. Loan amount should be such that it realistically answers your repayment question. And of course try to take loan amount that is less, even if you can afford more. Start with a small amount and try paying it back on time. It will improve your credit score along with loan repayment credibility.

With bad credit personal loans, you can take loan amounts from £5,000 to £75,000 and up to 125% of your property value in some cases. You can use them for any purpose like debt consolidation, wedding, cosmetic surgery, car purchase vacation etc.

Bad credit is no longer decoded as financial obstacle. More than one third of borrowers fail to meet credit requirements each year. That you are one of them is not a surprise. Some of the most trustworthy people have faced the repercussions of bad credit. Personal loans for bad credit are in fact a reliable way to work out credit repair for those who have bad credit. The fact that you can have bad credit even due to circumstances out of your control has brought new insight among the loan lenders who offer bad credit personal loans. Browse through the internet for a good bad credit personal loans deal. Persistence will get you a good personal loan for bad credit. Well, if the search leaves you exhausted – it is a sure sign that you are getting the best bargain.

Small Secured Personal Loans – Avail Smaller Money Effortlessly

Though you have a property like home for taking a secured loan but there is no need for risking home if you require only a smaller loan. There are especially designed small secured personal loans for meeting requirements of urgent smaller money. Through small secured personal loans you can meet any of expenses like paying for wedding, medical or education bills.

There are many lenders who have entered in the business of making money by lending small amount of loan to the needy people. A variety of lenders and small secured personal loans have only made small loan availing easier. These days borrower can search for the small secured personal loans providers and they find them in plenty. Small secured personal loans are here also as per the capacity in terms of providing security to the lender. Small secured personal loans are also known as payday loans, cash advance loans, military loans though they may not be secured loans in the term is strictly applied on them.

When we talk of small secured personal loans then we are referring to the loans that are provided on taking ordinary properties having little value as security by the lenders. This way the borrower is saved from putting high value property like home at risk for a small amount of loan. Thus small secured personal loans can be in your pocket just offering your jewelry, musical or electronic instruments, small appliances, vehicles etc as security of the loan. But unlike any other secured loans, small secured personal loans providers may charge higher interest. The main reason for higher interest rate is that the loan is usually provided or availed for very short repayment duration of say 30 days. So like all short term loans small secured personal loans also attract higher interest rate. The loan amount depends on monthly income of the borrower.

Small secured personal loans are also known by the other names like payday loans, military loans and cash advance loans. These are loans provided for personal purposes. Though the borrower can offer any property as security but usually a small secured personal loan like payday loan or military loan requires only an advanced check from the borrower as security of the loan. The post dated cheque contains borrowed amount and lender’s high fee. At the due repayment date the lenders gets back the loaned amount on submitting the checque in the borrower’s account.

While opting for small secured personal loans you should remember that despite the security the loan comes at higher interest rate and also there is lender’s high fee involved. So you should apply for small loan amount only when you need the most. Bad credit is usually not seen seriously by the lenders in offering a smaller loan.

Compare as many small secured personal loans providers as you can on internet. You will find some of the lenders offering comparatively lower interest rate at better terms. See if the loan package suits your requirements. Apply to the lender then and there on his online loan application for fast approval. Surely small secured personal loans can easily meet your smaller requirement without any hurdle.

Personal Student Loans

Everyone wants to pursue their dreams and enter college. But not everyone has the capability to do so. Some suffer from financial inconveniences thus they think twice in stepping into the academic world. They are thinking that there is no other way for them to achieve their dreams. And worst, most of the time they just lose hope. However, financial inconveniences can now be solved through student loans; specifically personal student loans.

Both private student loans and federal student loans are personal student loans. However, there is still a big difference between the two. Private student loans allow students to loan for the full cost of their education because it has a loan rate which varies. On the other hand, the federal student loans are being offered by of course the federal government. It has lower loan limits compared to the private student loans because it has a much fixed and interest loan rates.

Students can receive personal student loans anytime they want to. It is possible especially if they need some financial resources to be able to cover their educational expenses immediately. As a matter of fact, personal student loans are very convenient because it does not require a deadline for loan application. One just has to fill out short and simple aid forms to get started with receiving personal student loans. The approval of a certain loan depends upon the income and credit. However, there are still some requirements needed to be able to qualify for a personal student loan. First, the student applicant must be a US citizen or permanently resides in the US. Furthermore, a stable income as well as good credit history is an advantage to quickly get personal student loans. Also co-signers are necessary to easily qualify for the loan.

In this day and age, the most convenient way to apply for personal student loans is online. The Internet is fast growing thus making an easy access even to borrowing money from some lending companies. Applying online makes it faster for the disbursement of the borrowed amount of money. In fact, a student loan can be approved within five business days only. Moreover, applying via phone is possible.

Right after the disbursement of the loaned amount the repayment starts. There are some options on how to do the repayment process. The first one is to pay back with full payment to avoid any repayment inconveniences. The other one is to pay with total deferment. And lastly is through partial deferment. This means that the student can pay the loaned amount with a monthly interest. Always remember to choose the appropriate repayment option to suit your needs.

Educational expenses are not that easy to deal with. Thus, personal student loans are the best means in funding some of the students’ education. It is the gateway in fulfilling every student dreams who suffer from financial inconveniences.

Personal Loans – Explaining Secured and Unsecured Personal Loans

Every now and then some of us may need a personal loan. Running out of cash can happen at any time and that is when a personal advance can come in handy. Personal loans are also known as signature or unsecured advances. This kind of finance can help when there is a need for money and you won’t have to go through a long process or put up your home or car for collateral. Personal loans online can be a convenient way to get this type of financial assistance.

Additionally, personal advance loans can be a good way to get cash that you need right away. They are made for any purpose and do not have to explained as to the reason for needing them in order to get the financing. To be clear, the primary types of personal loans that exist are secured (protected) personal loans and unsecured (not protected) personal loans. An individual loan that is safeguarded by collateral that was put up as surety is secured. In other words, it requires back-up by some kind of financial asset like a person’s boat or even someone’s wedding ring. If there is no repayment, a repossession will be made on the boat or ring or whatever item was used as the guarantee. Check out online personal loans; they are convenient and the process is quick and easy.

A loan, by an individual, that is never protected or backed up by anything is not secure; except by the signature of the person who wants the loan. In most cases, this kind of advance for a person is based on their credit worthiness. In addition, with an advance such as that, that is not secured, there is a higher interest rate and that is because of the additional risks associated with it.

There are several benefits that come with a personal loan: 1) easier to quality for and 2) the process to getting a loan is not as long. It is important to note that there are two main benefits with a loan for person or individual: having a fixed monthly payment and a fixed loan term. Because the interest rate never changes, a person’s monthly payment stays the same. Most importantly, a fixed payment gives a person a feeling of stability; especially when it comes to their monthly budget.

The fixed loan term is yet another benefit that comes with this type of advanced financing. Having a fixed loan term can help a person deal with their overall financial concerns. This can lower a person’s stress and give them a more confident feeling that they can pull themselves out of their financial dilemma.

Personal Loans with Bad Credit

There are options for people to apply for even if they have bad credit. Financial lenders are aware of the many reasons people have fallen into that crevice of a low rating in the credit bureau: loss of jobs, identity theft, the primary paycheck in the family might stop, or starting a new job that causes a late payment to be sent in weeks after the due date. There is nothing like the feeling of security with money in the bank, especially for an emergency. Don’t listen to the rumor mill, clients are approved every day for personal types of loans for bad credit.

To apply for a personal loan takes a few minutes to fill out an application. The lender must know what type of income is being received by the client. It can be social security, disability checks, alimony or a financial settlement. There are personal loans for bad credit that will fit a client’s budget. The financial information is vital for a loan officer to make a determination of how much money they will approve for a personal loan with bad credit. Lenders must be certain that the amount of income received is enough to handle the re-payments of the loan.

Be aware the personal loans for bad credit that are approved might have a high annual percentage rate or APR. Some lenders will help the client by extending the length of time to repay the loan. The lender helps the client with due dates that can be met with ease. Read all the information and ask questions so there is a complete understanding about all aspects of the loan. Remember the lender is there to help the client to secure a personal loan. When the loan is approved the funds are direct deposited in the client’s bank account or a check is sent out through snail mail. The bonus is when payments are made on time and the loan is repaid, the lender informs the credit bureau and that boost’s the client’s credit score. The lender knows the clients history and will offer the client the opportunity to apply for another loan.

Personal Loans Are Here To Finance Your Dreams

Personal loans seem to be the most easily available loan, which can be used for any purpose. The easiness of the availability is one of the major reasons for the popularity of personal loans. The conventional personal loans itself were appreciated for its utility. The possibilities of personal loan have now multi-fold with the evolution of the internet. Online personal loans have revolutionized the concept of the loan processing and now you can avail personal loan from the convenience of your home/office, at the click of a mouse. Personal loans can be generally categorized into two categories, namely secured personal loans and unsecured personal loans.

Personal loans are available in various titles such as credit card loans, payday loans, cash advance, guaranteed personal loans, and fast cash. Any kind of loan that does not specifically focused for a particular task can be termed as a personal loan. Hence you can use the personal loan for any purpose such as debt consolidation, meeting medical expenditure, buying artifacts, home improvements, auto repair, or for your dream holiday. Using personal loans for credit building is most appreciated as it can lead you to a bright and balanced financial future. The lender will not be bothered about the usage purpose of the loan and you do not have to produce the details about the expenditure such as in student loan and car loan.

The secured personal loans are offered based on a collateral security such as car, house, real estate or any other valuable asset. The lenders will offer many privileges for the borrowers since they have no risk in their loan amount. The borrowers can enjoy maximum benefits with low interest rate and maximum loan amount. The loan repayment schedule can be extended to a couple of years; however, experts suggest reducing the loan repayment period since it will help to minimize your expense in interest. You can choose interest rates either in fixed or adjustable rates. However secured personal loans will take a little more time for processing since the lenders will approve the loan only after the verification of the asset. But today, the no fax loans have speed up the loan processing to the minimum turn around.

On the other hand, the unsecured personal loans do not require any collateral security for the approval of the loan. However, the interest rate of the loan will be high as the lender is in total risk about the amount. In most cases the loan repayment period will be short for unsecured personal loans. The loan processing time is very little for unsecured loans as it does not require the verification and appraisal of the collateral.

The most interesting factor about the personal loans is that it is now offered irrespective of the credit score of the people. It is true that good credit people will be able to identify the best offers in personal loans. However, the bad credit people can also avail the reasonable benefits of personal loans. The bad credit focused lenders provide advantageous benefits to personal loan to bad credit people. The intensive market search will help one to identify the most affordable rates. Obviously the interest rates are quite high in case of unsecured personal loans, but the opportunity gives a privilege for everyone to realize their dreams.

Features Of Short Term Personal LoansFeatures Of Short Term Personal Loans

Among the various types of loans available in the market, the most popular one is personal loan that is borrowed by a person for a stipulated period of time and hence is paid in full in installments with interest, until the loan repayment is not complete. Personal loans are therefore also known as installment loans.

A person credits a personal loan for variety of reasons and the most prominent one for seeking a loan, is home improvement or debt consolidation; to buy a big commodity as a house hold item or planning a trip for one’s family. So a personal loan can bring all your instant need for the cash into reality and fulfill the demands kept for long on pending due to insufficient funds.

The other benefit for personal loans is that you can have them instantly now- a- days online; these loans with ample flexibility in most of the cases are generally approved within 24 hours after applying for them. Under the personal loans there is a short-term personal loan that is a quick method to arrange cash advance loan for a number of requirement and needs. While judging the criteria for approving a loan, a lending agency looks into the proper occupation and steady income source and capacity to repay loan within the scheduled period into an applicant’s application.

There are two types of Short term personal loans that a person can secure from loan lending agency in particular, thus the short term personal loans provided on the basis of availability and security are secured and unsecured short term personal loans. In a secured short term personal loans you are expected to register one of your assists as collateral to provide you with short term personal loan at lower rate of interest and flexible payment option. In the unsecured short term personal loan there no collateral is required for the loans, instead a lender levies higher rate of interest in order to cover up risks in this type of loan. Keeping other factors aside the rate of interest for short term personal loan is generally kept higher in comparison to other types of loans.

However, amount for short term personal loan is quite debated between different lending agencies. Generally, the maximum amount is qualified on the basis of an applicant’s capacity to repay the loan and the rate of interest is generally kept around 8 percent per annum. There are also a number of companies that provide short term personal loan for variety of requirements like auto and other loans.

Finally, you can have number of advantages for short term personal loans as it helps you to arrange substantial amount of loan for your entire immediate money needs. It takes cares of all the imperative needs like paying medical bills, paying debts, car repair etc. The loans are also a smart way of being rescuer for people under the pressure of bad credit history for many a wonderful reasons like arrears, defaults, court judgments etc. One can also avail short term personal loan online.

Guaranteed Personal Loan Approval – The Benefits That You Can Get From Personal Loans

Guaranteed personal loan approval means that you can get your loan approved quickly and without having to wait for days – meaning you can use the money where you want fast. This is important these days because the cost of living is high and sometimes you can find yourself in a situation where you need money urgently.

Today, there are many companies that have minimal paperwork requirement before approval. If you want to have guaranteed personal loan approval you must be able to fulfill all or some of the following conditions:

1. Have a good credit history. If you are not sure about your credit score, before you apply for a loan, get a credit report which will show your status.
2. If you do not have a good credit record, do some credit repair. There are various guides on the internet that can show you how to do this.
3. Have some property or assets that you can provide as security, especially if you want a large personal loan and particularly if your credit history is not perfect.
4. Be able to provide all the paper work which the bank or lender may ask from you. This is normally proof of employment.

If you are able to fulfill the conditions listed above, you are likely to get your loan application approved easily and quickly. However, with payday loans, the loan amounts are small and the approval is almost guaranteed.

So, what are the various benefits that you can enjoy from getting a personal loan?

Personal loans provide additional funds, which can be used to fulfill all our financial needs and requirements. These loans can be borrowed from the banks and lending institutions which charge a certain amount of interest on the borrowed sum.

Many people use cash loans to pay their outstanding debts or use it for the purpose of education or even for paying their medical bills.

These loans can be used for meeting any of your financial expenses, which includes planning for your vacation trip, manage your wedding expenses, buying your dream car, paying credit card bills or even using it for the purpose of home renovation.

Personal loans can prove to be immensely useful if you are planning to start your own business and they can give the much-needed financial security in the initial stages of setting up a business.

People who have a bad credit score can also enjoy the benefits of personal loan except that they may have to pay a higher rate of interest and may need to provide a security to the banks or lending institutions while obtaining loans.

If you have too many bills to pay every month, then personal loans can be used to reduce your burden by consolidating these numerous bills together for making the payment process easier.

What are the different kinds of loans available?

There are mainly two types of cash loans which can be granted to individuals for their personal use. These are secured personal loans and unsecured personal loans. Secured loans provide an easy option to the borrowers with lower rates of interest and give them access to a greater amount of loan. However, a secured loan requires the individuals to pledge any of their movable or immovable asset as collateral with the bank or lending institutions. This provides them a greater sense of security for providing loans to individuals and helps in gaining confidence in the borrower’s repaying abilities. People who have bad credit scores and outstanding debts can also borrow money by providing collateral to the banks in this manner.

Unsecured personal loans places a greater amount of risk on the lender as the loan amount is not secured against any collateral. Hence, banks and other lending institutions usually charge a higher rate of interest on such loans. They also check the creditworthiness of the individuals before providing them with the loan. Due to the increased risks in instances where the loan is not secured, the loan amount which is given is generally smaller as compared to secured loans. These kind of loans are suitable for people who require limited amount of cash and who do not own a house or any assets which can be pledged as a security.

Personal Student Loans – Finances For a Better Future

Are you a bit worried about how to meet the education expenses? Usually, if you calculate the fees along with the other expenses, the amount you get is huge considering your current financial circumstances. Your family may not be able to support your education cost. But simply due to financial crunch, you should not opt out of higher studies. Of course the fees are high but then you have the option of personal student loans. By availing these loans, you can access the financial support, which will enable you to pursue the higher studies, without worrying about the finances.

These loans are easy to access and can be found with most of the lenders. The amount under these loans is approved with flexible terms and conditions. You are free to utilize the loans and serve it to meet needs like paying admission fees, hostel charges, purchasing books, computers, equipments along with your personal expenses.

As a matter of fact, you can avail these loans from government sources as well as private lenders. The government sponsored loans are not that tough to source and are approved with the lowest possible rates. On the other hand, if you are not able to lay the hands on government loans, then you can opt for those which are offered by the private lenders. Irrespective of credit status, students with bad credit too can source the loans

Further, you can source the loans in secured and unsecured form. Secured form of the loans are collateral based and can be preferred to borrow a bigger amount. On the contrary, unsecured form of the loans does not require any sort of collateral for approval. Once you have completed the course, you can start making payments after 6 months or after getting a suitable job. Further, these loans are also made available to those with bad credit.

To acquire the loans instantly without any hassles, prefer to apply online. On applying online, you have the opportunity to compare and contrast the rate quotes of various lenders. By doing so, it gets easy for you to get the best loan deal.

With personal student loans, now it is possible for students from financially weaker sections to pursue higher studies, so as to have a better future.

Personal Loans for Bad Credit: Straightening Deformed Credit

You are looking for personal loans and what is the first question you face “how is your credit?” Alright it is bad. Personal loans for bad credit are an option but you feel like they are hard to find. There is good news for you. Personal loans for bad credit are getting approved. See how many lenders are offering personal loans for bad credit. Personal loans for bad credit are not only resolving your money problems but giving you an opportunity for restoring credit.

If you have fallen into the bad credit gap, there are possibilities that personal loans lender will understand your situation. There are good possibilities that they will have personal loans complimenting your situation. The things inseparable from personal loans with bad credit is higher interest rates or additional security (down payment). One of them will be attached to bad credit personal loans offered to you. Interest rates for personal loans for bad credit are usually dependent on credit score, presence of collateral, personal income, loan amount.

Personal loans for bad credit that are secured are generally easier to arrange. In fact bad credit personal loans that are likely to have lower interest rates, even lower than some unsecured debts. Interest rates for secured bad credit personal loans can be higher than standard mortgages but may not be the case always. If the amount of property, you are providing as collateral considerably exceeds the loan amount, the interest rates offered can be less.

Unsecured personal loans for bad credit will carry a little more in the form of interest rate than secured personal loans. The amount usually varies from £500-£25,000. The repayment usually spread from 6-10 years. The repayment term usually depends on the purpose of loan. Bad credit Personal loans will for holiday and car purchase will be for shorter loan term. With secured bad credit personal loans, you can borrow from £5,000-£75,000 with a repayment term of 5-25 years. With secured bad credit personal loans, you can borrow up to 125% of the property value.

Your personal circumstances have to be clearly presented in order to find personal loan for bad credit. Usually loan lenders rely on credit scoring to find out about bad credit. Therefore, knowing your credit score is essential. The better your score is the better rates you get for bad credit personal loans. Even two points lesser from your previous score can save thousands in terms of money. Legally, you have a right to get any false information corrected. Fair credit reporting act allows you to get any false bad credit information corrected.

Credit score is used to detect bad credit. Here is a general description of how credit scores are read. The criteria may vary from lender to lender.

Credit grade A+ to A- credit score of 660 to 670 or above. This means excellent credit. No credit problems from 2 to 5 years and no bankruptcy for the last 2-10years.

Credit grade B+ to B- credit score of 620 with no sixty day mortgage lates and 24-48 months since bankruptcy discharge.

Credit grade C+ to C- credit score of 580 with late payments, any late payment within 30-90 day range. This will include 12-24 months since bankruptcy discharge.

Credit grade D+ to D- credit score of 550 with Lots of missed payments and 12 months since bankruptcy discharge.

Credit grade E credit score of 520 or lower. This score is for a possible current bankrupt with poor payment record of many 30, 60 or 90 days late.

500-550 is bad credit. When a loan application is received, it is the standard practice of the lender or credit providers to check credit. They can very easily verify credit information and see if you have bad credit. So providing false information is absolutely prohibited. Being consistent with bad credit personal loans will contribute in recovering credit.
If you are apprehensive that bad credit personal loans won’t be possibly. That is not true. If you think bad credit can only get loans, then perhaps you are unaware. Personal loans for bad credit have a new role; they are now responsibly improving credit.

Fulfill Your All Needs With Personal Loans

The lifestyle of urban Indian is rapidly changing. The burgeoning Indian middle class is now the target customers of the major multinationals. With the increase in disposable income in the hands of young India, changes have been noticed in the expenditure pattern. What was the luxury in the nineties, in the 21st century that becomes the necessity. With the increase of sales of brown, white and grey goods, the consumers appliances sectors is also witnessing an unprecedented growth. Needs and dreams come as a part of every-body’s life. You want to buy a refrigerator and you have to save for months to get it. You want to go for a holiday vacation, but then you don’t have enough money to reach your dream destination. You might feel the need to utilise all your savings in buying a new house and now there is nothing left for furnishing it. But nowadays financial institutions can fulfil all your needs by providing loans. Personal Loans in India alleviate most of the hassles that come with conventional loans – delay in sanctioning and disbursement, lots of paper work, necessity of a guarantor and hypothecation of the asset financed.

A personal loan is an all-purpose loan for one’s own personal use. In fact this kind of loans can be used for any legitimate purposes whatsoever. This type of loan is unique retail loan product offered by a number of banks. In India the personal loans can be of two forms – secured and unsecured. Both secured and unsecured loans are provided by banks to its esteemed customers. The main purpose of such a loan is to meet any kind of need or expenses.

There are various types of personal loans available in India. These are Festival Loans, Marriage Loans, Pension Loans, Consumer Durable Loans and Personal Computer Loans. Festival loans are a type of personal loan in which a very cheap interest rate is being offer. This cheap personal loans interest rate is very convenient to those people who want to have a small loan which they can repay early but do not want to pay interest at the exorbitant rates. This kind of loan is given from the amount of Rs. 5000 to Rs. 50000 and the loan is generally restricted for 12 months. Consumer durables loans are the unique loans which attracts more customers. Right from Television to Refrigerator to Music players, you can buy anything. The quantum of these kind of loans vary from bank to Bank. However, most Banks offer loans from the amount of Rs. 10000 to Rs. 100000. Marriage loans are gaining popularity nowadays in both rural and urban areas. In this kind of loan the maximum amount depends on a few criteria like repayment capacity of the borrower, security/collateral offered by the customer, age of the borrower etc. Pension loans is a term loan which is available to pensioners till the age of 70. The maximum amount of pension loan sanctioned is normally 7-10 times of the amount of last pension received. The amount is generally vary from individual to individual depending upon his repayment capacity. Finally, with the huge booming of Information Technology in India computers have replaced manual work in every sector. With the growing demands of computers the concept of Personal Computer loans have come. Under this category of loan, Banks provide a loan up to Rs 100000 for computer hardware and software. On the other side there are some banks which provides a separate software loan to a maximum of Rs. 20000.

There are several banks in India which are much popular among people when it comes to personal loans. Some of these Banks and their offered personal loan schemes are State Bank of India – Loan For Personal Expenses, ICICI Bank – Available Loan For Personal Use, HDFC Bank – HDFC Bank Personal Finance, Bank of India – Star Personal Scheme, Bank of Baroda – Baroda Personal Financial Offer, Standard Chartered – EMI Refund Program Scheme,IDBI Bank – IDBI Personal Expense Finance, HSBC Bank – Smooth Personal Loan Repayment, Development Credit Bank – DCB Personal Vantage Plan and United Bank of India – United Personal Schemes.