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!*

Karur Vysya Bank Personal Loan Features:

1. It is an installment loan
2. The loan is available for salaried employees of PSUs, reputed companies, self employed individuals, all other individuals who provide full securities by covering the loan amount with NSCs, KVPs, IVP, RBI bonds, LIC policies, etc.
3. The loan is for personal purposes
4. A guarantor for a secured loan is not insisted upon. However, for an unsecured loan a colleague drawing the same salary should be used as a guarantor.

Primary Security: DPN

Collateral Security: NSCs/KVPs/IVPs/RBI Relief bonds/LIC Policies (Surrender Secured Loan value alone to be considered for LIC Policies)

Repayment: Maximum 36 EMIs

For details of Processing Charges & Other charges, prospective customers are requested to contact nearby branches

Terms and Conditions

• For individuals- IT returns to be submitted.
• Minimum take-home salary of 25% after deduction of the loan amount.
• An applicant who has availed of a KVB Insta Loan earlier shall be eligible for this loan after closure of the Insta loan.
• For an unsecured loan up to Rs. 50,000 the applicant should be from a reputed company with a minimum of 5 years of service & unexpired service of 3 years in that organisation.
• A salary or service Certificate is a must to establish repayment capacity.

A secured loan is a loan in which the borrower has to offer or pledge some asset like a car, home, or land in the form of security to ensure timely payment of the loan. Banks and financial organizations easily issue this loan because they have collateral with them until the time the borrower pays back the entire loan amount with interest. If in case the individual fails to repay, the financer repossess the asset in order to pay off the loan amount. This is one big disadvantage of a secured personal loan. On the other hand, there is one key advantage and that is lower rate of interest which eventually results in lower monthly installments.

An unsecured loan is the one that does not require any kind of security or guarantee against the borrowed loan. Such a loan is given for small amounts and is issued only if the borrower has good credit. As there is no security with the financer, the rate of interest is comparatively higher than that in case of a secured loan.

Line of credit is another significant type of personal loan. It is a type in which a bank or vendor offers a pool of money that the borrower can use for a specified period of time. Depending on the need and requirement the borrower can draw upto the maximum limit during the specified time period after the amount of credit is determined. It can be secured as well as unsecured. The best part of this type is that the interest is paid only on the money actually withdrawn.

Many people prefer going for secured personal loan because of the enormous benefits it offers. Some of the significant advantages are as follows:

One key advantage of secured loans is that the monthly installment is comparatively lower than unsecured loan. This is because the borrower pledges an asset in lieu of which the lender issues the loan. Because of the security offered, the lender offers loan at lower interest rate that ultimately reduces the EMI (Easy Monthly Installments).

The borrower offers a property, land, jewellery, stocks, shares or bonds to the lender to get some finance. This security keeps the lender assured that the borrower will repay the loan within the specified period. If the receiver fails to repay, then the lender has full right to sell the collateral to pay off the loan. This advantage allows the lender to issue larger loans

There is an option to choose a longer period for repayment of loan as compared to the unsecured loan. The tenure can stretch upto 20 to 30 years in accordance to the convenience of the borrower.

To get this type of loan, the lender is least bother about the credit. Even if the borrower has bad credit, the financer will issue a loan against a security. Unlike unsecured loans there is no pressure of credit score when applying for a loan.

Another great advantage of secured loans is that they are considered a great source of debt consolidation. Many people apply for this type to pay of the present dues in all aspects of life. Taking this loan does not require any kind of specification for using the amount. The receiver is free to use the money at his or her own convenience and to fulfill any personal nee

Many banks are providng unsecured bank loans to their customers. Unsecured bank loans are the loans which you can get on the basis of the good credit history. Few banks are providing unsecured loans for the people who are having both good credit and bad credit history.

You need to submit your credit report to the bank along with your loan application in order to get unsecured bank loans. The banks will review your credit report and approve the loan amount. For getting an unsecured bank loan the applicant need to have a minimum age of 23 years.

Commonwealth Bank offers four types of personal loans you can choose one of the best type of personal loan that suits you.

• Fixed Rate Personal loan
• Variable Rate Personal loan
• Secured Loan Personal loan
• Unsecured Loan Personal loan

By taking Commonwealth Bank fixed rate personal loan you will have the same rate as you did at the beginning.fixed rate loan is a great way to guarantee that your interest rates do not go up higher than you expected

Commonwealth Bank variable rate personal loan allows you to have an interest rate that you agree to in the beginning. Depending on the economy inflation, your interest rate can increase or decrease.

To take a Secured Personal loan from Commonwealth Bank you have to provide an asset for collateral for the loan.The asset will be the assurance that you will pay.

Commonwealth Bank issues unsecured personal loan with no obligations.bank expect you to repay the loan.you do not have to have any collateral to take out an unsecured personal loan.

ICICI Bank personal loans provides you with the necessary capital to own your own car, bike, boat, RV, or even airplane. 

ICICI Bank personal loans cater to a wide variety of customer needs. ICICI Bank Loans are also offered at competitive terms and conditions.

ICICI Bank personal loans include the following features

• Online application for loans are entertained. Decision regarding loan approval is reached in 15 minutes
• The process to apply loan is simple, affordable and fast
• It is a type of unsecured loan
• No collateral is needed neither is any annual fee or application fee charged
• Consolidate debt can be taken

ICICI Bank Personal Loan Rates

The interest rates for the personal loans offered by ICICI Bank are little higher than other types of loan programs. This is because the loans are unsecured and there is no collateral or any asset that can be repossessed by the bank when the borrowers are unable to repay the loan amount in time.

As there is some risk involved, the Bank charges a slightly higher interest rates. However, ICICI Bank personal loan rates are largely determined by the type of loan term, the credit score of the borrowers and their repaying ability.

Many banks and financial companies are offering unsecured personal loans for the people who are having bad credit.

To apply an unsecured personal loan the applicant should have the age of min 18 years.the applicant must have bad credit history to apply a unsecured loan.

All the applications given for unsecured personal loans are not approved by the lenders,they will check the documents before approving the unsecured loan,if u havent submitted the correct documents then your loan will get rejected.

Barclays Bank Personal Loan Features & Benefits –    

If you are an Barclays Bank account holder, They have special rates for you.

If you are an existing Auto Loan customer with a clear repayment of 12 months or more from any of Barclays Bank approved financiers, you can get a hassle free personal loan (without income documentation).

If you are an existing Barclays Bank Personal Loan customer with a clear repayment of 12 months or more, They can Top Up your personal loan.

Barclays Bank Personal Loan Eligibility -

• Minimum age of applicant: 21 years
• Maximum age of applicant at loan maturity: 60 years
• Minimum Employment: Minimum 1 year of cumulative experience for both salaried individual/professional. 
• Minimum Net Monthly Income: Rs 15,000 per month
• Maximum loan available: Rs 10 lacs
• Special Offer for employees of select companies

Because of this, it is wise to see if there are other routes available to the borrower before he or she decides to pursue secured loans. Unsecured loans, and sometime, even low interest credit cards may be safer for the borrower, simply because the borrower’s home will not be foreclosed upon in the case of the loan going into default.

Secured finance is widely popular for a variety of reasons. One of the main reasons they are widely chosen among borrowers is because they tend to be available to those with past credit problems. Unsecured loans, or loans where the bank has no guarantee of repayment other than a signature from the borrower, are obviously not offered to those who have had a past history of problems with credit. However, secured loans, because they are normally borrowed against someone’s house, are more acceptable and safe for banks and lending institutions to offer to anyone, including those with bad credit.

Obviously, those who do not own a home will probably not be eligible for secured loans, either. It is possible that some loans might work with other forms of collateral such as a vehicle. Normally, though, secured loans require the ownership of some type of home or property on the part of the buyer. Therefore, those who rent or lease a home or apartment will usually not be eligible for these loans. Because they are not eligible for them, it is very important that those renting or leasing homes try to keep their credit history as positive as possible, in case of future desires or needs to borrow money.

Applying for secured finance is generally very easy in today’s world of technology. They are normally available through applications at banks, as well as applications via the internet. Some people can even apply for secured loans over the phone, and this has become a common occurrence. It is helpful, when applying for these loans, to have all of your financial information ready and available. Applications for secured loans will include questions about your past and current employment, your taxes, your current account balances and debts, etc. Having this information ready before applying for these loans will help the entire process move along as quickly as possible.

Secured loans are definitely a popular option for borrowers in today’s world, and if you check first to make sure they are the right option for you, they may be valuable to your personal pursuits.