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Thread: Personal Loan - High Interest Rate?

  1. #1
    PolicyWala Newbie
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    Apr 2009
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    Question Personal Loan - High Interest Rate?

    I am looking for a personal loan of Rs 75,000. I have enquired with my bank (where I hold salary account). The interest rate it is asking is on higher side. Could you please suggest me any alternative?




  2. #2
    PolicyWala Newbie
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    Lucknow
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    Default

    You may take loan against National Savings Certificate (NSC), Kisan Vikas Patra (KVP), LIC policy etc.

  3. #3
    PolicyWala Expert
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    Kanpur
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    Default

    Quote Originally Posted by vinks View Post
    You may take loan against National Savings Certificate (NSC), Kisan Vikas Patra (KVP), LIC policy etc.
    All the options suggested by Vinks, plus you may try PPF.

  4. #4
    PW Fan tigershark's Avatar
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    Apr 2009
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    Jaipur
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    Default

    Try to negotiate with your bank, you will get it at lower price.

  5. #5
    Banned
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    Jul 2019
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    Hyderabad
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    Default

    Different banks offer different interest rates. So check with some selected banks and compare the interest rates and choose the bank which offers low interest rate and avail the loan.


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