How To Take Loan From Bank – 7 Best Ways
Hello friends, today we are going to take loan from your bank. Friends, about this article we see 7 figures of loan from bank. How To Take Loan From Bank – 7 West Tariq?
Friends, as we all know that in today’s time, everyone is in need of a loan. If you do not have money and you want to buy something or if you need money for some work then you have to take a loan from the bank. So friends, there are many people who do not know about what or how to take lon from bank, so today we will tell 7 best ways to take loan from bank.
Take a loan from your employer
There are many companies that give a loan to the employee as an advance of a part of the salary and this lon can be up to 6 times of your monthly salary. Friends, you can repay this loan amount from your salary for the next 24 months, that is, you can repay the lon within 2 years.
If you take a loan from your employee, then you will be given a lon at an interest rate of 5-8%. (Note – Sometimes the interest rate becomes zero.)
Benefits- Friends, when you take a loan from your employee, then this lon is made available to you in two-three days.
Disadvantages- Friends, if you take a loan from your employee, then it is a part of your salary. According to this, you will have to pay tax on it, if you invest this money in health facilities and this amount is less than ₹ 20000, then only you can get exemption on its tax.
Home lon top up
Friends, you can take a loan of up to Rs 500000 as a top up home loan for a tenure of 20 years. If the tenure of your home lon is short, then the lon will also be available accordingly.
If we talk about the interest rate, then here you will get a loan at an interest rate of 9-13%. And the best part is that you will get it within just 3 days. Friends, let us alert you that if you default in repaying the lon, then you may have to pay a big price for it.
Take a personal loan
Friends, you can get this loan within half an hour to 3 days. This lon depends on your relationship with the bank as well as if there is any pre approved offer on your account then after that the process becomes very easy.
Friends, in this you are given a loan at an interest rate of 13-24%. The best thing about taking this lon is that you can get this lon as quickly as possible.
Friends, if we talk about the loss caused by this loan, then there is no loss in it, but you have to pay 2-3 percent as processing fee. Apart from this, you will get GST on monthly installment. Have to pay too. If you do not repay the lon on time, then for this you will have to pay 2-3 fees separately.
Take loan against property
Friends, if you want to take loan against property, then for this you can also get lon on your property and in this way you can take loan from 500000 to ₹ 100000000 against your property. Friends, the lon tenure in this can be from 2 years to 15 years. Sometimes there is more or less.
Friends, let me tell you that in this the bank gives you a loan of up to 65% of the value of the property. For this it is necessary that if you are taking a lon against the house, then that house should be insured. In this, the processing fee is 1-2%, which is two to three percent of the fee for early repayment of the lon.
Friends, you get these people at an interest rate of 9.5-13%. Friends, the best thing in this is that this lon gives a large amount at low interest.
But we would also like to inform you about the disadvantages of this loan. By the way, you will not suffer any significant loss by taking this lon, it is only that it may take about 3 days to 10 days to get the lon.
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Take loan against shares
Friends, if you want, you can also take a loan against the next share, fixed deposit, mutual fund or insurance policy. In the case of shares and mutual funds, the bank gives you a lon of up to 50% of the investment amount, while in the case of fixed deposits, the bank gives you interest up to 75% of the investment amount.
If we talk about the interest rate, then this loan is given to you at an interest rate of 9-15%. It is not fixed sometimes it can go up and down. In this you can tell immediately that too at a low interest rate.
In terms of losses, if the value of the portfolio falls, you will have to keep more funds with the lending institution.
Gold means take loan against gold –
Friends, you can also take a loan against gold i.e. gold. The bank can give you a loan from ₹ 10000 to more than ₹ 2000000 against the price of gold. If we talk about the lon repayment period, then for this the borrower is given a time ranging from 6 months to 1 year.
Friends, when you repay the loan amount, you get back the pledged gold.
Friends, lon against gold is available from the bank at an interest rate of 10-17%, from a non-banking finance company at an interest rate of 14-26%.
In this, you get the loan within a few hours. Friends, let me tell you with this that the appraisal charge of gold may range from ₹ 250 to ₹ 2500. If you do not repay the lon within the given time, then your gold can be confiscated.
BANK SE LOAN KAISE LE – 7 WEST TARIKE ?
Credit card cash withdrawal
Friends, if you want, you can easily withdraw up to 40 – 80% of your credit card limit. Friends, what happens many times is that the credit card companies also fix the limit from the book according to the daily cash withdrawal, in this you can also read to pay the over limit fee.
If we talk about the interest rate in this, then you can get it at the interest rate of 2-3.5 months. You get cash within just a few minutes.
Friends, if we talk about its loss, then 2.5-3 percent may have to be paid as transaction fee, that is, from the day you have withdrawn the amount, the interest starts from the same day, you must keep this in mind.
Friends, hope you have liked this information and if you like this information, then you must share it with your friends also.