Why choose a Reliance Bank Loan?

• All their rates are guaranteed fixed rates – your repayments will not change
• Rates as low as 9.9% APR
• Loans for refinance of debts could be charged at a higher rate
• Loans over £10,000 are available to homeowners only
• You can borrow from £500 to £20,000 (subject to status)
• You can repay over 6 months to 5 years
• No security required
• No early repayment charges
• No payment protection insurance required
• A simple application form to complete
• They will normally give you a decision in 24 hours from receipt of your application
• Funds will be credited direct to your nominated bank account
• They would not make any claim on the borrower’s estate in the unfortunate event of the borrower’s death up to the age of 65.

As a general indication you can apply for a Reliance Bank Personal Loan if you:

• Are aged 18 or over
• Have a regular income
• Have managed your previous financial commitments without any problems
• Are resident in the UK

Home Owner’s Personal Loan Overview

• This unsecured personal loan is available to Northern Bank mortgage customers only
• Allows you to spread the cost of larger purchases
• Borrow any amount between £1,000 and £25,000
• Flexible repayment terms between 1 and 5 years allow you to select a monthly payment you can afford
• The interest rate is their standard variable home loan rate
• Provides you with the flexibility to make regular and adhoc overpayments and to make lump sum payments
• A guarantee and indemnity maybe required, for which a fee may be payable

Other Details

• Applicants must be 18 or over
• This loan is not secured against your home
• The interest rate is standard variable for the life of the loan

Key Features and Benefits:-

• Loans can be tailored to meet your specific purpose with flexible repayment options available.
• Interest rates are competitive and are linked to the applicable currency base rate.
• To be eligible for a loan for your business amongst our other requirements, you will need to hold a current account with Habib Bank UK.
• Some loans may require collateral in the form of property or other assets*.

Note: Your property may be at risk if you do not keep up with repayments for loans secured against the property.

CitiFinancial has the unique ability to fulfill your financial requirements in the shortest possible time. They provide disbursals in minimum time and with minimum required documentation.

Personal Loan Features:

• Loan amount is $300-$7,500 (Personal loan amounts over $5,000 may require collateral.)
• Loan term ranging from 12 to 60 months
• Fixed interest rates for entire loan term
• Quick online application with an instant online decision
• No prepayment penalties on personal loans
• You can change your mind within 14 days with no charges, no hassles

Unsecured Loan:

• No homeownership required; no collateral required
• Least paper work required

Secured Loan:

• Secure your loan with your car
• Rates are lower than with an unsecured loan

CitiFinancial Advantages:

1) Face-to-Face Service: They have more than 1,800 branches across North America – one right in your neighborhood.

2) A Name You Can Trust: For more than 90 years, CitiFinancial has been helping Americans realize their financial goals and dreams.

3) Save Time, Do it Online: With free, safe and secure access to your account online, you can make payments, view statements and update personal information when it’s convenient for you.

4) Customer Satisfaction: CitiFinancial has more than 2 million customers and a 90% customer satisfaction rating!*

• Borrow any amount £1,000 to £25,000
• Repay over 1 to 7 years
• Fixed repayments to suit your budget
• Online debt consolidation loan decisions

That’s where a car loan could help. Personal loans from Halifax are available to existing customer and offer a range of borrowing amounts and repayment terms to suit your budget.

• For loans from £7,000 to £15,000 benefit from a great 8.8% APR representative rate
• Repay motor loans over 1 to 7 years
• Fixed repayments to suit your budget
• Online car loan decisions
• Halifax also offer loans for other amounts too

Lloyds TSB Bank Personal loans are available to existing customers and offer tailored borrowing amounts and flexible repayment options to get a loan for a car that’s right for you.

Lloyds TSB Bank Car Loan Features & Benefits

• Choose to borrow up to £25,000.
• Repay over time that suits you, from 1 to 7 years.
• Payments fixed for the life of your loan.
• Optional repayment holidays if you’d like to take a break later on.
• Use the affordability calculator to find out how much you can borrow.
• Manage your loan along with your finances in Internet Banking.

How much we lend (if any) depends on Lloyds TSB Bank assessment of your circumstances. To apply, you must be 18 or over and a UK resident. Written quotations are available on request, please contact your nearest branch.

The rates term and repayments may vary depending on how you contact Lloyds TSB Bank to apply for your loan. Rates may also vary according to a combination of factors which Lloyds TSB Bank consider to set your personal loan rate for you. These include past credit repayment history, your past account history and other personal details held on Lloyds TSB Bank records.

Lloyds TSB Bank Personal Loan Features & Benefits:

• Choose to borrow up to £25,000.
• Payments fixed for the life of your loan.
• Optional loan repayment holidays if you’d like to take a break later on.
• Flexibility to pay off lump sums or a bit extra now and then.
• Use the affordability calculator to find out how much you can borrow.
• No arrangement fees.
• Manage your loan along with your finances in Internet Banking.
• Your loan repayments are taken monthly by direct debit from your Lloyds TSB current account.

How to apply

Lloyds TSB Bank loans are only available to Lloyds TSB Current Account holders who have had their account for more than three months.

(1) State Bank of India: SBI offers SBI Saral personal loan customized in a manner that helps an individual meet varied kinds of personal expenses. The interest rates at which these loans are offered are quite competitive with no hidden costs or administrative charges, no prepayment penalties. It also comes with easy repayment term.

(2) AXIS Bank: Axis bank’s personal loans are meant for salaried persons, self employed individuals and also professionals. The processing of the loan is simple with easy documentation and fast approval.

(3) ICICI Bank: ICICI bank’s personal loan comes at attractive interest rates along with 12-60 months repayment choices. The processing is fast.

(4) Punjab National Bank: PNB personal loans are meted out to permanent defence personnel which comprise officials of Military Station Headquarters, BSF, CRPF, CISF, ITBP, permanent central / state Govt employees, etc. the loans can be repaid in 60 EMIs or in the residual period of services, whichever is earlier.

(5) UCO Bank: UCO cash is a personal loan scheme that has been customized in a manner which can take care of varied needs like marriage, medical expenses, traveling, and other personal obligations. One can repay the loan in 48 EMIs.

(6) HSBC: MyTerms Credit from HSBC bank has four simple repayment options along with competitive interest rates. There are also special relationship discounts on existing customers.

(7) IDBI: IDBI personal loan is offered along with an insurance cover, helping you in tough times. The insurance cover is meant to take care of the EMI’s.

(8) Standard Chartered Bank: Standard Chartered personal loans come with no securities, collaterals and guarantors. Coupled with a special health insurance from Royal Sundaram, there are special rates for existing customers and easy documentation.

(9) Andhra Bank: Any kind of personal requirement, Andhra Bank personal loans can meet all expenses.

(10) HDFC: HDFC bank provides personal loan which is hassle free with no guarantor/ security/ collateral needed for approval. The interest rates are low too.

For a common man this seems to be attractive that he feels that taking home loan is very easy for him. But actually when the person goes to banks and apply for the loan his application gets rejected. Let us consider the case of Home Loan rejected. We will discuss what are the various points for which home loan gets rejected.

1. Banks or housing finance companies rejects the home loan application if the land or the building for which loan is applied, the legal documents are not clear from the builder side or there is any technical discrepancy as per the technical review of the bank or financial company offering the loan.

2. Sometime banks or housing finance companies have norms, with respect to a minimum are of the flat to be purchased. So before applying for loan check with the lender about the criterion of minimum area requirement. If it is not then change the lender and reapply.

3. Lender also checks the financial ability of the person applying for loan. To be eligible for applying make sure that your monthly income meets minimum income requirement and also try to keep clean credit background. If you have your source of income fixed then your loan approval is very high.

4. Family dependents is also one of the factor that banks and financial institutions considers apart from the fixed source of income. This plays a huge role in an applicants repayment capability. Means larger dependents reveals lower repayment capacity. Based on the past six months banks Savings Account and Credit Card Statement banks easily understands the spending and savings habit of an individual. So keep your Banks accounts clear and credit card outstandings to minimum.

5. The next factor is age of the person applying for loan. The higher the age lesser the chances of approving the loan. As age goes high the tenure of the loan becomes small and hence higher EMIs which a person may not be able to pay. In this case due to higher age group the home loan gets disapproved.

6. Some banks or housing financial companies have restrictions of location. If person applying for home loan is not within its geographical limit then also your application gets rejected. Ask before you apply for the loan.

7. If you are planning to buy a resale property then if the property is less more than 30 Years then also your application rejects. Number of years of restriction for resale property varies from banks to banks. So clarify this before you apply.

Finally above all criteria are all in your favour but banks does not provide a 100% finance for the home loan so you should have atleast 25% of the property value amount available with you so that you can pay this first and then balance amount will get approved for your home loan.

So members, before you apply for the home loan please check all above points to get through the appoved loan in first attempt.