| What amount can I get as personal loan? |
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| Written by Site Administrator |
| Wednesday, 28 October 2009 05:25 |
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Banks and Financial Institutions can issues anywhere between Rs. 50,000 to 20 lakhs in the form of personal loan. For salaried individuals banks will lend any amount that you can repay by paying an EMI of upto 40% of your monthly take home salary. This will include all other existing loans also. So you must first declare all other loans you have on your name and submit banks statements for your accounts along with the application. The bank will evaluate your documents and arrive at a figure for you that you can comfortably repay. For business people, your profit margin in business is considered as the yardstick for measuring the amount you can get. Comments (0) |
| Last Updated on Wednesday, 28 October 2009 05:58 |