Factors Affecting the Rate of Interest for Citibank Personal Loan!

Applying for a personal loan is not so difficult. If you are financially weak and need a support in the form of a Personal loan, you can definitely apply for a personal loan via RupeeStation. RupeeStation allows you to get a loan at a lower rate of interest and provides you with many advantages. If you want to apply for personal loan, in Citibank, the first thing you would check is what is the eligibility criterion to avail for a Personal loan in Citibank?  Find out the answer after reading this blog.

CitiBank Personal Loan

Have a look at the factors!

1. CIBIL Score!

It is a person’s creditworthiness and the ability to repay the loan back. It is basically the credit history of a person which eventually shows the consistency and its potential to payback or returns the loan to the lender within a particular interval of time. It is a person’s past repayment history. If a borrower’s credit score or credit history is good then the lender would be interested in providing the loan. If the CIBIL score is bad, the lender is not interested in lending the money.

2. Income!

People who have a stable job and consistent salary, these people can repay the loan back easily and the institution prefers giving a loan to them. A personal loan is an unsecured loan, no collateral or mortgage is against the loan. A stable income ensures the bank that repayment of credit will be done at the correct time.

The connection between the bank and the borrower

If you have a good relationship with the bank, of course, this would affect your rate of interest. Of course, the bank gives preference to the customers who have a good relationship with the bank. Bank would prefer giving a loan to the one, with whom the institution has an interpersonal relation.

These are the three main points that affect the interest rate of the Personal loan. There are various factors that affect the rate of interest of the personal loan, the most important are mentioned above. If you want to apply for Citibank personal loan, you can definitely take the help of RupeeStation that acts as a medium between the bank and the borrower. It offers you a loan even at a lower rate of interest and even if you have a low CIBIL score.

How and Where to Apply for HDFC Personal Loans?

HDFC presents its users with Personal Loans to easily satisfy all the types of expenses which they meet. The bank assures hassle-free documentation and quick approvals on loan. If an applicant wants to avail personal loan online from HDFC Bank, then they can do it with ease by having all the necessary documents. Whether the applicant is a salaried or self-employed individual, HDFC bank Personal Loans grants the customer with an attractive rate of interest starting at 10.00%. 

If the user is seeking to avail loans and funds from the bank, then he/she can do so with the help of Rupee Station. Rupee Station provides the users with various benefits and advantages. Some of the services which are provided by Rupee Station are:

Benefits provided by Rupee Station for HDFC Bank Personal Loan:

Get Instant Personal Loan at Rupee Station by just filling the form online at lowest Interest Rates. Whatever the reason might be, medical crisis, wedding, exotic vacation, travelling, purchase of customer durables, remodelling, purchasing property, or need of more cash - HDFC Personal Loans can support the users any time anywhere.

• Easy and Flexible Interest Rates
• Exceptional interest rates for women
• Quick loan approval
• Easy documentation process 
• 100% transparency
• Maximum loan up to INR 25 lakh for salaried individuals
• Flexible repayment choices, ranging from 12 to 60 months
• Zero hidden charges and processing fee
• Quick disbursal with money in the account within two days

Things to remember before applying for Personal Loan at HDFC :

These are the people who are eligible to implement for a Personal Loan

• Salaried physicians, CAs, representatives of private limited organizations, employees from public sector projects, which includes central, state and local groups
• Individuals starting from age 21 to  60 years
• Individuals who have had a business were at a job for at least 2 years, with a minimum of 1 year as a current employee.
• Those who obtain a minimum of INR 15,000 net income per month

How to apply for HDFC Bank Personal Loan by Rupee Station

Step1: Fill in the application form and collect all the necessary documents which are required in the processing of a Loan.

Step2: After these formalities are done the applicant needs to wait for the bank to verify and approve the documents.

Step3: After they are processed and verified, the money is disbursed to the bank account within two working days.

If the user is seeking for HDFC Bank Personal Loan then they can surely rely on Rupee Station for hassle-free and easy documentation factor. Therefore avail your Personal Loan today and attain the dreams and goals through the funds provided to every applicant.