Personal loan is granted to consumer for personal use. Rate of interest for personal loan in India varies upon many criteria like income level of the one’s.

1. Loan and interest rate in Delhi:
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2.  When one entity provides any kind of debt to the another entity at an
interest rate, it is known as Loan. There are many types of loan offered
by banks and financial institutions. Loans are either unsecured or
secured. Secured loans are provided if a person has any guarantor or
any other income proof. Unsecured loans are provided mainly to self
employed people on the basis of their income. Loan interest for
employed people is depends on many criteria like income, company
status, and credit and payment history, relationship with the bank as
well. For self employed consumer bank see other factors like annual
income tax return. Income rate and company with which consumer is
associated also matters.

3.  So we will talk about personal loan, business loan and motor loan in a
brief. Personal loan is granted to consumer for personal use. Rate of
interest for personal loan in India varies upon many criteria like
income level of the one’s. Every bank in India is providing personal
loan on their interest rate which is based on bank’s classification.
Recently RBI cuts the repo rate by .25% on 15 January 2015 and now
new repo rates are 7.75% and speculations are there that in coming 2-3
months all banks will also decrease their personal loan interest by .25%.
Another type of loan is motor loan where one take a loan to buy any
type of motor as car, bikes etc.

4.  Car loan interest rate in Delhi is also different for different banks.
To take the car loan a person should be between 21 to 67 years old,
should be employed/ self employed. The common monthly interest rate
is for car loan is between likely between 10.5 to 12.75% .Another types
of loan which is provided by banks is business loan which provided to a
person if he wants to open a new business or he needs some financial
help for its existing business. Now a day’s all banks provide business
loan eligibility calculator in which person can check whether he or she
is eligible to get the business loan or not. It has another feature which is
called business loan eligibility calculator which can show you that
how much EMI you have to pay on monthly bases if you take the
business loan.

5.  Need2loans.in is a Delhi based all types of Loans provider leading
agency, you can apply online of all types of loans at lowest interest
rate from any banks.
 For Original source of this article post visit here:-
http://www.washblog.com/story/2015/2/3/22437/94238

6.  Need2loans.in is a Delhi based all types of Loans provider leading
agency, you can apply online of all types of loans at lowest interest
rate from any banks.
 For Original source of this article post visit here:-
http://www.washblog.com/story/2015/2/3/22437/94238