Consulting services can provide valuable insights, strategic guidance, pecialized

+112 (789) 568 25

help@gmail.com

1901 Shiloh, Hawaii 81063

Recent Posts

Shopping cart

Subtotal $0.00

View cartCheckout

Welcome to AK Consultant

Looking for a Personal Loan?

Ready to make your financial dreams a reality? Welcome to Ak Consultant, your trusted partner for personal loans. Life can be unpredictable, but we’ve got your back with quick and hassle-free solutions. Our mission? To make the loan process as easy as pie. Say goodbye to paperwork headaches and confusing approvals – we’re here to simplify things for you. Let’s embark on this journey together and make your financial goals a breeze to achieve!

Key Features of Personal Loans

Personal loans offer a range of features and benefits that make them a popular choice. Let’s break them down:

  1. Instant Approval & Disbursal: If you meet the income, credit score, and repayment criteria, your loan can be approved instantly. Once approved, the funds are disbursed within hours.
  2. Flexible Repayment Tenures: Enjoy the flexibility of repaying your loan over 1 to 5 years, making it easier to manage your finances.
  3. Attractive Interest Rates: Personal loans come with competitive interest rates, starting from 9.85% per annum, making them affordable for many borrowers.
  4. No Collateral Needed: Unlike secured loans, personal loans don’t require any collateral. Approval depends mainly on your income and credit score.
  5. Freedom to Use: Use the loan amount for various purposes like weddings, travel, home renovation, etc., giving you the freedom to address your needs.
  6. Prepayment Option: You can prepay your loan after the first 12 EMIs, either in full or in parts, depending on the lender’s policy.

Now, let’s look at the fees and charges associated with personal loans:

  1. Interest Rate: This is the primary charge, affecting your monthly installments and overall interest payment.
  2. Processing Fee: Charged by banks to process your loan application, it may be a flat fee or a percentage of the loan amount.
  3. Late Payment Charges: If you miss an EMI payment, the lender may levy late payment fees, usually around 2% of the outstanding amount.
  4. Foreclosure Charges: If you decide to close your loan before the tenure ends, foreclosure charges will apply.

To be eligible for a personal loan, you need to meet certain criteria:

  1. Age: Typically, you should be between 21 and 58 years for salaried individuals, and 24 to 65 years for self-employed individuals.
  2. Income: Lenders may have minimum income requirements, considering factors like net monthly income and stability of earnings.
  3. Existing Loans: Your existing loan obligations are taken into account to ensure your repayment capacity.
  4. Employment Stability: Lenders prefer borrowers with at least 1 year of employment with the current organization and 2-3 years of overall work experience.
  5. Residence Stability: You should have lived at your current residence for at least 1-2 years.
  6. Credit Score: A credit score of 750 and above is ideal for quick loan approval.
  7. Type of Organization/Business: Approval may vary based on whether you work for a reputed organization or run a stable business.

Remember to provide all necessary documents during the application process, including identity proof, residence proof, income proof, and recent photographs.

Use a Personal Loan EMI Calculator to estimate your monthly installments based on the loan amount, interest rate, and tenure.

Lastly, personal loans come in various types tailored to specific needs, such as wedding loans, travel loans, consumer durable loans, home renovation loans, medical emergency loans, and festive loans. Choose the one that best suits your requirements!

title_iconTESTIMONIALStitle_icon

What Clients Say About Us

Priya S

quote

Rohit M

quote

Amit R

quote

Neha T

quote
724 x 651