personal loan from citifinancial, India
2006-09-10 01:04:48 · 4 answers · asked by thuppakki 3 in Business & Finance ➔ Personal Finance
the offer from such companies comes with hidden strings. because the delinquency rates are very high, its often the genuine borrowers who pay for the defaulters in the form of high interest rates. first work out the interest rate. the company is actually is earning double the interest rate calculated by you. its called internal rate of return.
My piece of advice: desist such loans and get peace!
2006-09-10 04:27:04 · answer #1 · answered by hariharan_hn 2 · 0⤊ 0⤋
1
2016-09-28 06:46:17 · answer #2 · answered by Geneva 3 · 0⤊ 0⤋
(1) Check whether interest rate is flat or reducing balance method. In flat interest rates the effective interest would be much higher.
(2) Check for the processing fee, or any other hidden costs
(3) Taky your loan on such a day so that your trepayment EMIs falls close to your pay day.
(4) Donot take loan for extravaganza.
(5) Spend the loan for the purpose you have taken it.
2006-09-12 00:11:38 · answer #3 · answered by nkbup2003 2 · 0⤊ 0⤋
Personal loan is for personal purpose so be care full that u really need it and yur earning reasonably high to repay it in any condition otherwise its wise full decision
2006-09-10 01:12:32 · answer #4 · answered by Rohit 4 · 0⤊ 0⤋