Easy Ways to Get a Loan

At certain times there comes a situation, where a person needs funds for work. Whether in a sudden medical emergency, or some unplanned program.

But in this situation, many families do not have any proper funds to bear the load. When a Financial Emergency hits someone, he then wants someone to help with funds.

Many Money Experts have advised keeping at least an Emergency fund for this kind of situation. But today, there are hardly any people available who do this properly.

In this situation, getting a Loan comes in handy. That’s why Adorable Economics Solutions PVT LTD. brings here some easy ways to get an emergency fund through different types of loans.

So, let’s see what are the various types of loans and how to get them easily.

Types of Loans

There are many loans available in India, and they are classified into two factors based on the purpose they are used for.

Secured Loan
Unsecured Loan

Secured Loan

These are the schemes that require some assets in order to get the loans as a security deposit. Some of the loans in this category are:

Home Loan
Loan Against Property (LAP)
Loans Against Insurance Policies
Gold Loans
Loans Against Mutual Funds and Shares
Loans Against Fixed Deposit

Adorable Economics Solutions Pvt. Ltd. provides Home Loan, LAP at an interesting Rate of Interest. Check Here.

Unsecured Loan

These are the Loans that do not require any assets for getting a loan. The lender gives you money according to your past Loan data, your Credit score, etc. Some of the loans in this category are:

Personal Loan
Business Loan
Flexi Loan
Educational Loan
Vehicle Loan

Adorable Economics Solutions Pvt. Ltd. provides Personal Loan, Business Loan, and Car Loan at an interesting Rate of Interest. Check Here.

Now, once we know the types of loans, we have to know how to get them easily. Adorable Economics Solutions provide the best ways to get loans from us.

Step 1: Know your Requirements

If you are willing to get a Personal loan you have to find out first why you need the loan and how much you need. For example, you may need a loan for your daughter’s wedding and you may need Rs. 1 lac or 10 lac.

Step 2: Check Loan Eligibility

After knowing how much money you need, now you have to check your loan eligibility. Whether you are eligible or not. You can contact us or drop a message at any time to find out how much you can borrow as a loan.

Step 3: Calculate Monthly Installments

Use an online EMI tool or after contacting us, you should know how many monthly installments you have to pay. Adorable Economics Solution always works with perfect plans and gives you the best installment details.

Step 4: Submit Documents

After considering the best installment plans, now you need to submit the required documents for processing the loan. Below are some of the documents that will be required in most cases.

Identity Proof: Aadhar, PAN, etc
Address Proof: Aadhar, PAN, Passport, Driving Licence, etc
Age Proof: Birth Certificate, 10th Std. Marksheet, etc
Income Proof: Salary Slip, Form 16, etc
Bank Statement: 3 to 6 months bank statement
Signature Verification Proof: Banks have separate forms for applicants to fill up along with their signature

So these are some of the ways of getting a Loan. Contact Adorable Economics Solution Pvt. Ltd. to get interesting offers regarding Loans.

Bank Name	up to 30 lacs	30-75 lacs	75 lacs & above
HDFC	9.75% – 10.50%	9.75% – 10.50%	9.75% – 10.50%
Ing vysya	N.A	N.A	N.A
ICICI Bank	11.35%	11.35%	11.35%
Axis Bank	11.00% – 12.10%	11.00% – 12.10%	11.00% – 12.10%
Indiabulls	10.60% – 14.50%	10.60% – 14.50%	10.60% – 14.50%

Bank Name	Loan to Property Value	Interest Rates	MCLR Rates	Processing Fee
State Bank Of India (SBI)	75% – 90%	7.90% – 8.45%	7.80%	0.35% + GST, Nil for Govt Employees
United Bank of India	75% – 80%	8.00% – 8.15%	8.60%	N.A
HDFC Ltd	75% -80%	8.00% – 8.45%	16.60%	Rs 10,000+ AT or 0.25% + AT ( Which ever is lower)
Bank of India	75% – 85%	8.10% – 8.40%	8.55%	Nil
LIC Housing		8.10% – 8.95%	14.60%	Upto 0.50% of the loan amount or Rs.2,000 whichever is higher, plus applicable taxes.
Vijaya Bank	Upto 80%	8.15% – 8.65%	8.55%	N.A
Bank of Baroda	75% – 90%	8.15% – 9.15%	8.55%	Upto 0.5 % of loan amount + GST
Indian Bank	80% – 90%	8.20% – 8.55%	8.60%	Nil
IDBI	75% – 90%	8.25% – 8.60%	8.85%	Nil
ICICI Bank	Upto 85%	8.25% – 8.70%	8.75%	0.50% Or 10,000 + GST , whichever is higher.
Allahabad Bank	75% – 80%	8.25% – 8.85%	8.45%	Nil
Citibank	75% – 80%	8.50%	8.45%	0.5% + ST or Rs 25,000 + ST (whichever is higher)
AXIS Bank	75% – 85%	8.55% – 9.20%	8.70%	Up to 1% of the Loan amount subject to minimum of Rs.10,000/-
UCO Bank	75% – 80%	8.70% – 8.95%	8.55%	Nil
PNB Home Loan	75% – 80%	8.75% – 8.85%	8.45%	0.35% of the loan amount Minimum- Rs. 2,500/- Maximum- Rs. 15,000/-
Indiabulls Housing Finance Limited	75% – 80%	8.80% – 12.00%	9.50%	Nil
Union Bank of India	65% – 80%	8.85% – 8.95%	8.65%	0.50% of loan amount subject to a maximum of 15000 + GST
Kotak Bank	up to 90%	8.90% – 9.25%	8.65%	Nil
PNB Housing Finance	75% – 80%	8.95% – 9.45%	8.45%	Rs. 5000 (Application fee)
Bajaj Finserv	75% – 80%	9.05% – 11.15%		Nil
Federal Bank	Upto 85%	9.10% – 10.00%	8.95%	N.A
Standard Chartered	Upto 80%	9.41%	8.90%	Nil
DHFL	80% – 85%	9.75%	18.82% RPLR	Upto Rs. 20,000 + document charges + GST

Types of Loans

Secured Loan

Unsecured Loan

Step 1: Know your Requirements

Step 2: Check Loan Eligibility

Step 3: Calculate Monthly Installments

Step 4: Submit Documents

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Interest Rates and processing fees charged by Major Banks on Business Loan

Major Home Loan providers in India