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Posted on Thursday August 4th, 2022

If you are struggling with a financial issue then a personal loan from ShubhBank is a convenient option to fulfill all your personal and professional needs. One can access the funds to start a new venture, to travel abroad for vacations, to buy an expensive gadget or many more after applying for a personal loan. It gives you complete financial assistance to manage your expenses without exhausting your emergency fund.

Any salaried person or self-employed individual can Apply For Personal Loan at ShubhBank to avail instant cash in your pocket at the time of sudden emergency. These loans are categorized in unsecured loans where you don’t need any asset to pledge for the approval on loan. The quantum of loan depends upon several factors such as your income, credit score, age and repayment history.

Here, In this blog post, we will discuss about the ways in which ShubhBank fulfills your loan requirements:

Instant Approval: Our institution understands the value of time and sometimes, a person has little or no funds to tackle the financial crisis. In case of emergency, one cannot wait longer to avail the immediate funds. If your documents are in hands, your loan approval will take just for minutes to be processed.

Affordable interest rates: There are numerous lenders present in the market who offer lucrative interest rates on personal loans which are cheaper than credit card loans. Moreover, processing of loan takes less time to credit the funds to the borrower’s bank account. One can avail instant Personal Loans at competitive rates. Everybody wants loans at lower rates as cost of living is very high these days.

Minimal paperwork: The online loan processing has made the credit funding paperless and one can get the loan without any physical verifications. A borrower can verify his/her credit score online and upload the other details in online loan application form instead of collecting piles of papers.

Flexible repayments: It is the main concern of every borrower to handle the monthly installments as it can add up an extra burden to your monthly budget. Therefore, ShubhBank brings a personal loan for you whom you can repay in flexible repayments. One can choose different tenures according to their budget as well as different modes of repayment to ease their pocket and to maintain their financial health in the future.

High loan quantum: Loan seekers can get the option to choose the loan amount between few thousands to several lacs depending upon their eligibility as well as credit history.

No collateral: A personal loan falls into the category of unsecured loans where you don’t require collateral to pledge against loan money. So, it is easier for borrowers to Apply For Personal Loan Online or offline without pledging any personal asset.

ShubhBank offer their customers with a personal loan to meet their various needs such as for home renovation, electric goods, for wedding expenses, to fulfill any medical emergency and to fund the vacation etc. We offer fastest disbursals and pocket friendly loan solutions in need of funds. If you are in need of personal loan, call us or apply online for it.

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Posted on Wednesday July 6th, 2022

Whenever a situation arises where you need an emergency fund, a first thing strikes to your mind is Personal Loan. It is clear that an online personal loan is a popular way to support financial crunch. The best thing about this loan is that it is not restricted to a specific use. One can Apply For Personal Loan to support different financial urgencies.

Moreover, pledging an asset or demanding collateral is not applicable as it is an unsecured loan. The ease of availability with minimal documentation makes this instant loan a famous one. However, the online loan application process seems to be very convenient but many people consider some adjoining myths while applying a Personal Loan.

Let’s bust some perspectives that potential customers have of personal loans and clear the process for a successful application of this unsecured loan when it is needed instantly.

Personal Loan gets rejected if you have existing loan: If there are ongoing loans overhead and you are managing all the EMIs well, then you must have positive credit score and you can avail more than one loan at a time.

No loan to borrower with low credit score: CIBIL score is an important factor to consider as credit score is the only deciding aspect for approval on Personal Loan. Every lender verifies the income and repayment capacity of a borrower before approving his/her loan.

Interest rate is high: It is not true for every case as the interest rate varies from one lender to other. A loan seeker must compare different lenders for the lower interest rate and decide accordingly which lender holds best loan features along with a competitive rate of interest.

Faster approval to salaried borrowers: The basic eligibility criteria for the borrower seeking a personal loan is a stable income whether he/she is salaried individual or self-employed. Therefore, it is clearly a myth that salaries people get faster approval. Anyone with a regular source of income and timely repayment track record can go ahead to avail a personal loan.

Collateral is mandatory for loan: It is again a myth because being an unsecured loan; Personal Loan doesn’t demand any collateral or a guarantor. In fact, such loans are approved on the basis of borrower’s stable income as well as repayment capability.

Apart from this, there may be some other myths that form a barrier for loan seekers to reaching out for a Personal Loan. Hence, ignore the myths next time before you proceed with personal loan application. By going through above mentioned myths, borrowers are advised not to trust such myths and form opinion, just be some thoughtful enough to consider features of a Personal Loan and finalize accordingly.

ShubhBank brings the best Personal Loan features for online loan application. Better not to hold any myth and Apply For Personal Loan Online or offline and enjoy the benefits of this financial solution. Experience the application on your smart phone or laptop by clicking on our website ShubhBank.com and keep the false saying about personal loans at bay.

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Posted on Wednesday June 8th, 2022

Personal loan is referred to as all purpose loans which can be utilized to meet any financial need such as paying wedding expenses, starting up a new venture or other investment purposes etc. Nowadays, many banking and lending institutions offer personal loans in India without any kind of security. Therefore, personal loans are very popular as compared to other types of loans.

When you Apply For Personal Loan what affects more your budget is repayment tenure which involves EMI and payable interest. Choosing a longer or shorter tenure has its own pros and cons, so a right tenure on your loan is very important as it will help you to save a lot of bucks in future. Thus, we have listed some of the following factors to look upon while deciding loan tenure:

Loan quantum: The required money to be borrowed as a Personal Loan plays an effective role in finalizing loan tenure. If you are going for smaller amount, then there is no need to elongate your tenure but if you are planning for larger quantum, it is good to spread your repayment period for longer duration, so that there will be no burden on your financial health in long run.

Calculate rate of interest: Some of the factors are inter-related with each other such as interest rates, monthly installments and rate of interest. If you are securing a loan at higher interest rate, then you are charged with higher EMI and longer tenure. Hence, make sure to compare all the combinations of interest rates and loan tenors and choose one that is convenient for you.

Plan your monthly budget: Your monthly earnings and budget should be assessed to compare it with repayment terms by the lender. If you find that your monthly expenses take about 60-70% of your monthly salary, you can go easy on EMI amount of your loan. One can opt for shorter tenure on Personal Loan. If you can budget your monthly earnings in such a way that you can make high EMIs conveniently will be better option.

Clear current financial liabilities: A person who doesn’t have a good credit score then he/she has to pay higher rate of interest. Also, it will affect the duration of your repayment structure. If you are already paying off any existing loan then it can put a huge financial burden on your budget, making you extend the new loan tenure to pay off new EMIs. So, one must clear their existing financial liabilities to maintain a good credit history.

A Personal Loan is one of the most convenient loans in the lending market these days. Try to follow a stringent financial discipline so that your credit worthiness should not be affected and then Apply For Personal Loan Online. However, it is also advisable to study the offers well and compare the loan solutions offered by different lenders.

To avail comfortable loan tenure, visit ShubhBank and get the benefits like instant approval, less documentation and fast disbursal. Always remember, every penny counts so it is important to choose right loan tenure along with loan amount.

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Posted on Friday May 6th, 2022

Personal Loans are small sized loans that are accessible at smart rates of interest and can be easily disbursed to your bank account. Many lending institutions are offering this form of credit to people for fulfilling their needs but for shorter repayment period. All these lending companies have their own digital platform where you can Apply For Personal Loan and easily access the required funds.

The advancement in technology has motivated so many potential borrowers to avail shorter cash credits. Before the evolution of digital platforms and web portals, getting such smaller loans for traditional banks was a tedious task. Nowadays, online loans have changed the entire lending pattern.

In this blog post, we have highlighted some of the benefits of availing an online personal loan which have mentioned below:

No need of financial collateral: Personal loans are the unsecured loans and don’t require pledging any of your assets as security or collateral against loan. If you are working professional and require funds before your next paycheck, you can easily get this loan and loan repayment period is shorter.

Faster paper processing: As the whole loan process is online, the required documents are uploaded within few minutes and you loan quantum will be disbursed in your bank account within 1-2 business days if you have strong credit score as well as meet the eligibility criteria. One doesn’t have to collect the piles of paper and visit to a branch to apply for a loan.

Paperless transactions: Most of the lending institution has an easy and basic documentation process which can easily be done with mobile and electronic gadgets. It means you don’t need to visit any lending branch physically as you can avail a personal loan at a one finger click by sitting at your home or office.

No hidden fee: When you Apply For Personal Loan Online ensure yourself by reading all the terms and conditions, rate of interest, monthly installments and any other charge if applicable as there is no hidden fee on it. All these factors are highlighted on the web portal of specific lending mobile app to get a hassle-free loan.

Real-time tracking: It is one of the greatest features of personal loan that one can track their loan application. After you apply for loan, you can track your application status on your mobile through SMS or emails. Moreover, one must receive the regular updates from lender regarding the processing of their loan application.

Competitive rates of interest: Those days are gone now when branch managers handled the interest rates of loan. There are number of lending institution present online who offer highly competitive rates and you can compare the different lender and rates before you decide on specific lender to fill out your loan application. The rate of interest is fixed based upon your creditworthiness and repayment capability.

Quick loan disbursal: One has to provide their banking details along with account number, IFSC code of branch etc. hence. Your loan amount is disbursed to your bank account within few hours after approval and you can use the cash for any required purpose.

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Posted on Monday September 6th, 2021

A personal loan is one of the best options for any short-term financial crunch or immediate emergency. This unsecured loan is quite handy and can easily manage the planned as well as unplanned expenses. The advancement in the technology and the digitalization in lending sector have speeded up the entire loan process, therefore one can Apply For Personal Loan instantly and get the approval for it in less than an hour.

Everything sounds so good about this loan such as quick approval, fast disbursal and many more factors like these which make personal loans, one of the widely accepted financial products among the majority of people. However, there are several benefits associated with this loan but there are certain things about the loan which remain untold. In this article, we will mention some tips about personal loan that nobody going to tell you.

Secure in need: Being an unsecured loan, the rate of interest rate is comparatively higher than other secured loans. So, keep all this in your mind, always apply for a personal loan when you are not left with any other option. It is good to understand that as this loan helps to cover your short-term crisis, you will be paying back it for coming years with interest. Hence, make yourself sure about your repayment capacity within your income.

Additional charges: Before you decide to go with a specific lending institution for taking a personal loan, you need to know about all the terms and additional charges along with interest rates charged by that lender. These additional charges may include processing fees, penalty charges for prepayment or late payment of EMIs, verification charges etc. Make sure that you take these things into consideration as these factors can club together to form bigger amount.

Pick a short tenure: Most of the lenders provide personal loans for longer tenure with lower EMI. It may be quite tempting but you end up paying more on the component, so always try to pick up a short tenure.
Good CIBIL score: A good credit score always helps you to grab the best deals on a personal loan. It will give you the power to negotiate the lower interest rate with the lender to reduce your loan burden.

Research thoroughly: Nowadays, there are innumerable personal loan providers in the lending market offering the same product at different rates of interest. To grab a best deal on your personal loan, it is important to do thorough research before choosing a lender for you. Select a loan provider after comparing every feature such as interest rate, terms and condition, loan tenure etc. and then Apply For Personal Loan Online or offline according to your requirement.

Hence, if you are looking to sign for a personal loan application, it is important to consider above mentioned tips as they will not only help you to catch the best deals on personal loan but it will also keep you stress free from the debt trap as well as avoid the future troubles.

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Posted on Wednesday August 4th, 2021

Personal loans are unsecured types of loans that do not require any security and it can fulfill every need, dream or purpose. To be at the top, they are quick and convenient. In this article, let us have a look that how to manage your expenses when you Apply For Personal Loan. Therefore, we will discuss the different expenses that can be fulfilled with personal loans.

√ Emergency Expenses: Sometimes in your life, you face unpredicted expenses which may require arranging the sudden funds either foe medical emergency or urgent travelling. A personal loan can be a perfect fit to meet such immediate expenses. You can get necessary funds at a flexible tenure with a personal loan that has negligible spending restriction. Knowing your tenure and rate of interest in advance will help you to plan your budget. Since these loans are disbursed in the form of cash transferred to your account which you can utilize to manage multiple expenses.

√ Higher Studies: Pursuing higher studies, especially in abroad, is a dream come true for most of the people. However, it is an expensive affair as you have to pay tuition fees along with accommodation and living expenses but you need not to give up on such an amazing opportunity due to shortage of cash. Hence, you can avail a Personal Loan from ShubhBank at competitive interest rates. The loan amount will help you to pursue higher education with the coverage of tuition fees as well as other expenses.

√ Home Improvement: The exterior and interior of your home play a crucial role in setting your mood for the rest of the day as well as ensure you to feel relieved when you are back home after an exhausting day. However, there are few times when you may want to add up a room or to renovate your home. It could be either from wear and tear your home has experienced in past years or you want a change. Instead of using your savings you can take a Personal Loan from ShubhBank for home improvement. So, if you are looking to build a modular kitchen or want to change the floor of your home, you can go ahead with this loan.

√ Wonderful Vacations: Both the children and adults lead hectic lives these days and most of them look forward to exotic destinations in holidays. This leisure time help us to spend quality time with our friends and family to enjoy new experiences, to increase productivity, witness different cultures and also to feel rejuvenated, so get a Personal Loan for yourself, and travel to all exotic and gorgeous destinations. It would not only give you the chance to click wonderful pictures to be posted on social media platform but also develop cherish able moments.

To reiterate, there are number of other expenses such as working capital requirement for new venture or existing businesses that can be met by personal loans as the important thing to remember is that these loans are unsecured loans and are not restricted to any particular use.