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Urgent Loans: Get fast finance at best terms
If you are looking for fast cash deal that brings the approval without any complexity at all, urgent loans are for you. These loans enable you to derive the required amount of cash without any trouble. Here with these loans, the lenders will take into consideration the personal needs of the borrower and brings a quick relief with lucrative deals.
Loans payday today is also available for people with low credit status. So, if you are having imperfect records, do not worry and just apply with these loans for quick approval. No more issues are there with the loan application if you are suffering from various bad factors that can be as follows:
– CCJ’s,
– Bankruptcy
– Insolvency
– Foreclosures
– Arrears
– Defaults
– Deferred payments and so forth
Furthermore, the online method of applying for loan has become very popular among the borrower due to its favorable features such as fast approval, hassle free application and no credit checks. As a result, to get the loan money within hours, the smart buyers are turning to online financing companies. Online application method enables you to explore all the deals available online. Thus, before taking any decision you can compare the different online auto loans quote from different company and their respective offers.
Do not get anxious about placing collateral against the borrowed amount. Since this loan is free from collateral pledging facility due to its short term nature. So, you can enjoy this service removing all the risk and tedious procedure. Urgent loans avails you small amount of loan that can be varied from $100 to $1500 for the repayment duration of 14 to 31 days. This can be depending upon your monthly income.
All the beneficial aspects of urgent loans help in making this loan an ideal financial solution for all the borrowers who are in need of quick and hassle free finance. To get better financial help, apply for this loan today!
Eligibility Criteria for Axis Bank Home Loans
Given the current scenario of the housing market, purchasing a property that you could call your dream home is not easy by any stretch of imagination. The sharp rise in the prices of real estate is a cause of concern for many people who wish to buy a house of their own. If you are restricted by your budget, you can always get a home loan to buy that house you always wanted. However, you need to be eligible for the home loan. Here we describe the Axis Bank home loan eligibility criteria which is not that different from other Indian banks.
To be eligible for a home loan, you need to be a salaried individual or a professional or self employed.
In essence, you must have a source of regular income to meet the eligibility criteria. This is not difficult to understand since the bank expects repayment of the loan, and an earning individual is more likely to repay a loan. In other words, the risk involved in lending money to an earning person is less, and that is why most banks including Axis Bank offer loans to people with a steady income. Now let us discuss the above listed categories in detail.
1. Salaried Individual: You should be a permanent employee in a government based company or a reputed private company. Bank account details and salary slips can be produced in the form of documents. If you are a salaried individual, you can apply for a home loan. If your spouse falls under this category, the loan can be applied in his/her name.
2. Professional: Professionals; that is, doctors, engineers, dentists, architects, charted accountants, management consultants, company secretary, cost accountants only are eligible to apply for a home loan from Axis Bank.
3. Self Employed: If you are running a business or if you have a different source of income, and if you have been regular in filling your income tax, you can apply.
In addition to the above, there are several other factors that determine your Axis Bank home loan eligibility.
1. Income – How much you rake in each month determines the amount of loan you are eligible for. Axis Bank usually keeps the EMI to income ratio between 50% and 60
%2. Age – The applicant should be at least 24 years of age at the time of loan commencement and up to the age of 60 years or superannuation (up to 65 years or less in case of professionals and self-employed individuals) at the time of loan maturity.
3. Interest Rates – Loan eligibility is inversely proportional to the interest rate. If your applicable interest rate is low, your loan eligibility will be high and vice-versa
4. Loan Tenure – The longer your loan tenure, greater the loan amount you would be eligible for.
5. Existing Loans – As a standard, Axis Bank tries to keep the EMI to income ratio between 50 and 60 percent. In case you have any existing loans, the eligibility amount for the new loan will be reduced to maintain that EMI to income ratio.
6. Credit History – Axis Bank also checks your credit history from CIBIL (Credit Information Bureau India Ltd.), which is India’s first credit information bureau. They have a repository of information containing the credit history of consumer and commercial borrowers. This information is available in the form of credit information reports. To ensure that you meet the Axis Bank home loan eligibility criteria, you can access your own credit report by visiting the CIBIL website.