While applying for any loan
there will be many questions, why the loan is required? What is the purpose of
availing the loan, how the repayment is made? Who is the guarantor for the loan
amount, and some more questions are asked in the application. The applicant
feels headache to answer all the questions, because the applicant is interested
in buying home theatre to enjoy latest movies at his home. At the same time,
the home theatre, or any electronic product and electric product would not be
with guarantee, in case the buyer is not paying for the loan if the applicant
is provided loan to buy the above products, therefore the leading company is
offering these Personal loans,
without asking any question. The borrower can pay in easy installments. The
applicant has an option to pay back the loan money in long term or short term;
this is purely an option of the applicant.
There are many used cars
available; the owner is using the car as it was presented to him by some of his
friends. Now he had used for three months, now he wanted to buy the new car of
different brand. The car which he was using is in working condition, as the car
was driven only for ten thousand kilometers. Now any person is interested to
buy there is no official rule of any finance company to provide loan for the
used car, at the same time, any person buying above car can go for the Personal loans, buy the car and use the
car and repay the money as in long term or in short term, this is his wish,
there is no condition in paying back the money. At the same time, the loan
amount is offered generally on the fixed slab, this amount is enough to buy the
car.
