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Instant No Fax Cash Advance-Fast cash in emergency
When you need instant cash for any reason but afraid to go for a loan help due to faxing hassle, instant no fax cash advance is for you. Time may come when your payday is all spent but your bills are still unpaid. Sometimes monthly expenses get excess of what you have budgeted. So, for instant and unexpected financial hardships, these loans offers you best financial help of all without letting you face a mere hassle.
To connect with instant no fax cash advance, online application gets you the quick and convenient way. Filling out a single online application form is required. Lender goes through your form and contact himself for further terms and conditions. You can get the confirmation of approval through an email. Within hours, you can find the loan amount direct in your checking account without any discomfort. For the swift rate deal, online research is advised.
To be considered as eligible for instant no fax payday loans, you need to have certain qualifications. You must be a citizen of UK. Besides, you must be above 18 years of age, hold an active bank account and earn fixed income of minimum of £1000 every month.
There will not be any requirement of pledging collateral as no fax payday advance comes in short term category. The loan amount that you are eligible to borrow with this loan can be ranges from £100 to £1500. You can spend this for any of the purpose required without any lenders restriction like car repair, unpaid bills, meet household expenses, get a gift on your childs birthday, repair your home appliance, and buy furniture and so on.
If you are having impaired credit status, you do not have to worry. People with default credit profile like arrears, defaults, insolvency, bankruptcy, etc., you can get the approval of instant no fax cash advance without any apprehension.
When you fall in need of extreme funds and finding no way out, rely upon these loan for better financial help right away.
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.