I have signed a bond with the company for four years and earn a scholarship of around 10,000/- whenever I apply for a personal loan it gets rejected as my payslip shows my designation as student. and my payslip shows my salary as scholarship. is there any bank which would give us personal loans based on our income? I've been in this company for 2 years now
2006-12-25 17:58:08 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Per IT industry norms, no Employee will be a trainee for more than a year. You should ask Employer first in changing your employment status. Also, check with your colleagues on the process of changing the status.
You should address the root cause of the problem from your end , before approaching the banks for loan again.
2006-12-26 17:30:44 · answer #1 · answered by Srinivas G 3 · 0⤊ 0⤋
If you have worked for this compay for two years now, do you have tax returns that show this as earned income. I would imagine that getting a loan while claiming this income would be the same as a self employed individual applying for a loan. If you are claiming this income, check with your financial institution but if this is income that you can't claim on tax returns then I don't think any financial institution will be able to lend you a personal loan.
2006-12-31 16:43:37 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I don't think the bank offer loan against Scholarship
2006-12-26 02:30:34 · answer #3 · answered by amit 1 · 0⤊ 0⤋
u contact on this no. for quiry 9810713708
2007-01-02 10:11:39 · answer #4 · answered by anil kumar 1 · 0⤊ 0⤋