Easy Available Alternatives To A Personal Loan

Posted by rupee on Saturday, September 1, 2012 Under: Personal Loan
Personal loan helps in providing some urgent need of cash. There are various options available in the market, such as CitiFinancial personal loan, SBI personal loan, HDFC personal loan, Bank of India personal loan , etc., which have made it easy to get the loan. Applying for a loan may seem attractive to you but it is a costly loan. Therefore, it is necessary that consider other alternatives also before approaching the lender. Let's have a look on some of other other options which are available in the market-

Gold loans- It can be defined as one of the best alternatives to a person due to various reasons. Usually, the interest rate on gold loan is low and is partially depend on the gold value which you have given as security to get loan amount.
Loans taken against insurance policies- You can also get loans against the current insurance policy. It is possible to avail loans against a policy on the basis of its surrender value at that point of time.

Loans against fixed deposits-
Fixed deposits can be defined as another class of assets which you can use for raising money when there is a need of money. Usually, banks give loans against the fixed deposits on the basis of typical rates which can be 1 per cent – 2  per cent higher than the rates which are available on the deposit.

Loans taken against property- It is also possible to get loans against property, which is an immovable asset. Usually, all lending institutions give loans against property.

In : Personal Loan 


Tags: personal loan  personal loans india 

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