Is ICICI Personal Loan Enough for Travelling Purpose?

A personal loan can be taken for multiple purposes such as travel, wedding, medical expenses, etc. The question now arises as in what is your requirement and which lender is matching that. At ICICI Bank, you can take a personal loan for all these purposes and the loan amount is also very high. If you are recently planning for an international trip and want to know if ICICI Bank is giving that much high amount, you should go through the details before planning your trip.

ICICI Personal Loan Eligibility Criteria

The most important thing is to match the eligibility criteria for a personal loan at ICICI Bank. So, for your reference, ICICI personal loan eligibility criteria is given below:

For Salaried:

  • The age of the loan applicant must be between 23 years and 58 years
  • Minimum Net Monthly Income of the applicant should be ₹17,500/-
  • For Delhi & Mumbai applicants the minimum Net Monthly Income ₹25,000/-
  • For Bangalore, Chennai, Hyderabad, Kolkata or Pune applicants the minimum monthly income of ₹20,000/-
  • Minimum 2 years of work experience with at least 1 year of work experience with the current employer

For Self-employed:

  • The age of the loan applicant must be between 28 years and 65 years (Minimum 25 years for Doctors)
  • Minimum turnover of the business of the applicant must be ₹40 lakhs in case of non-professionals
  • Minimum turnover of the business of the applicant must be ₹15 lakhs in case of professionals
  • Minimum profit must be ₹2 lakhs for self-employed individuals and proprietors (tax excluded)
  • Minimum profit must be ₹1 lakh for non-professionals (tax excluded)
  • Minimum 5 years experience in business (3 years for doctors)
  • The applicants should have a relationship with the ICICI bank for a minimum of 1 year like an account holder or an existing loan customer wherein the loan is either running or would end in the initial 36 months of the loan tenure

ICICI Personal Loan Calculator

An example can be taken to understand how EMI is calculated. For eg., if a person takes a personal loan for ₹20 lakhs and has chosen the repayment period of 5 years, ICICI bank offered him at 12% interest rate.

EMI-₹ 44,489

Total Interest Outgo-6,69,334

Total Amount (Interest + Principal)-₹26,69,334

Documents Required

The list of the documents required for ICICI personal loan is as follows:

For Salaried:

  • Identity Proof: Passport/Driving License/Voters ID Card/PAN Card/Aadhar Card
  • Residence Proof: Leave and License Agreement/Utility Bill (not more than 3 months old)/Passport/Aadhaar Card
  • Last 3 months bank statement with the details of salary credited
  • Last 3 months salary slip
  • 2 passport size photos

For Self-employed:

  • Identity Proof: Passport/Driving License/Voters ID Card/PAN Card/Aadhar Card
  • Residence Proof: Leave and License Agreement/Utility Bill (not more than 3 months old)/Passport/Aadhaar Card
  • Date of Birth proof
  • Income proof (audited financial for the last 2 years)
  • Last 6 months bank statements
  • Office address proof
  • Proof of residence or office ownership
  • Proof of continuity of business
  • 2 passport size photos
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Can You Get a Loan Without CIBIL? Find The Answer Here

Most, if not all, pin hopes on loans to fulfill their wishes or even the needs. However, the approval to loans depends on a variety of factors such as income, strong repayment potential or even credit score for that matter. Of these factors, credit score is the one that lenders see first before glancing at others. It has to be good before the process goes any further. The credit score would be generated by credit bureaus such as CIBIL for someone with a loan or credit card repayment track of at least 6 months. However, it could be the first time for you in the world of credit. If that’s the case, you won’t have a CIBIL score. And, if you require any loan, would your application be approved considering you don’t have a CIBIL score. Yes, it can be, on fulfilling certain conditions. Check out the process of getting a loan without CIBIL in this article.

Factors That Can Lead to Approval of Loan Without CIBIL

Keep in mind the following factors to get the loan approved if you don’t have a CIBIL score.

Loan Against Securities – With no CIBIL, you are almost negated with the possibility of accessing an unsecured loan. However, the option of secured loans is always open to you. So, if you have securities such as fixed deposit, national savings certificate, etc, the loan can be granted at about 80%-90% of the value of these securities.

Loan Against Provident Fund – You can withdraw either Employees Provident Fund (EPF) or Public Provident Fund (PPF) deposits as loans to meet your needs. However, withdrawal from provident funds won’t be treated as loan.

Loan on the Back of Existing Banking Relationship – The existing banking relationship can also work in your favour. A long record of holding a savings, current, recurring or fixed deposit account can make the bank offer you a loan even without a credit score.

Workplace – Your workplace also holds great importance when it comes to accessing loans without CIBIL. Working in top organizations gives an impression of one’s job stability, which could result in loans getting approved easily even without a CIBIL score.

So, these are some of the ways by which a loan can be accessed without having a credit record.

What to Do After Grabbing a Loan Without CIBIL?

One must not lose focus after obtaining a loan without CIBIL. You need to maintain a good credit score to be able to grab loans without having to submit a security or collateral. So, you should pay off the loan EMIs on time and maintain the pattern throughout to maintain a good CIBIL score. For a timely payment, you must ensure to save on your monthly spends which you were making before obtaining a loan. Try to figure out the spends that can be done away with. Plus, the money to be spent on different stuff must reduce while servicing a loan. Resist your temptation for big spends to save enough for a smooth repayment of the loan.

Is There Any Need For Credit Cards For Pensioners?

A credit card is far far better than asking someone for money. Even though personal debts such as from family and family might not be interest charging, but it does cost your self-respect if they turn out to be weirdly selfish. Especially when you are not in your earning or growing phase of life, you are quite dependent on others. However, pensioners are independent. They get enough money for their basic needs but the privileges are somewhat compromised because of lack of money.

Credit cards give you the privileges that you do not enjoy on a debit card. It gives rewarding benefits such as high cashback offers, discounts at restaurants, shopping, medical expenditures and most important – instant availability. In your late 60s, you want a very stable life and do not run after people and also do not want to compromise on your not-yet-executed dreams. Credit cards for pensioners is specially designed to help people continue their lifestyle they used to live before retirement. Some banks give credit card for pensioners on the basis of their pension credit to the bank account and others give it to those who have Fixed deposits at their bank. So, in this article, we have talked about some of the most popular credit cards for pensioners which might be suitable for you or your parents or any family member who wants to enjoy privileges such as travel and shopping through credit cards.

Axis Bank Insta Credit Card – 100% cash withdrawal

  • Cash withdrawal up to 100% of credit limit
  • 50 days credit free period
  • Minimum 15% discount at partnered restaurants
  • Flexible credit limit up to 80% of the FD principal value
  • Guaranteed approval
  • Access to Visa International Global card
  • Instant service for lost credit cards
  • Equipped with Platinum chip for authenticated credit card payments
  • 1% fuel surcharge waiver
  • Transactions over Rs. 2,500 can be converted into EMIs
  • eDGE loyalty reward points

Eligibility criteria for the Axis Bank Insta Easy Credit Card

  • A Fixed Deposit at any Axis Bank branch
  • Minimum Fixed Deposit of Rs. 20,000; Maximum of Rs. 25,00,000
  • Minors are not eligible for the card
  • Tax Saver FDs
  • Flexi-Deposits (Auto-sweep Fixed Deposits)
  • Fixed Deposits in the name of HUF/society/trust/companies

Documentation required:

  • No Income proof required
  • No additional address proof (if current address is same as per bank’s record)
  • No additional identity proof
  • All that is required is a Fixed Deposit at any Axis Bank branch

Bank of India Credit Card for Pensioners

  • Exclusively designed for Pensioners
  • Low-interest credit cards for senior citizens
  • Credit limit based on thrice the monthly pension of the applicant
  • No TOD allowed
  • Billing cycle is from 16th of current month to 15th of next month.
  • Repayment is to be made on or before 5th of succeeding month

Indian Bank Senior Citizen Card

  • One of the best credit cards for pensioners in India
  • Credit Card cum ID Card
  • Bears year of birth, photo and blood group on the card
  • Availability of higher POS / online limits.
  • Photo is printed on the card for additional security
  • Online limit of Cash withdrawal ₹25,000 and Point of Sale ₹25,000 ( Aggregate limit of ₹ 50,000 per day)
  • There will not be any AMC charges for the Senior Citizen Card

Want to Apply for DCB Bank Personal Loan? Know These Facts First

Looking for a bank that can fulfill all your personal needs? If yes, all you need to know about DCB Bank personal loan, which is here to cater all your personal needs in the best way. This reputed lender with its best of services and products ensures that all your needs can easily be fulfilled without any hassle. No matter what your personal needs are such as marriage, travelling, business expansion, medical emergency and so on, this lender is here to meet all of this and much more. Wanna know more about the same, just read the article below:

Personal Loan Interest Rates

Talking about personal loan interest rates, it would not be wrong to say that currently, this lender offers the loan to the applicants at a rate of 12% per annum. If we talk more about the same, these rates allow the applicants to enjoy a hassle-free journey as the lower rates you have, the better it is for you in the future. With competitive rates , your loan burden can easily be reduced as you are going to have pocket-friendly EMI as well as Interest Outgo. This is the reason why DCB Bank personal loan interest rates play an important role in the overall journey of an applicant’s financial cycle.

Eligibility Criteria

Before going for this credit facility, it is important for you to know the personal loan eligibility so as to have the best of the journey. Read below to know more about the same:

  • A salaried individual working in a public/private limited company, government employee, multinational corporations, getting a regular salary.
  • Self-employed professionals such as CA, cost work accountants, company secretaries, doctors, engineers, architects, etc.
  • Proprietors, partners & directors of Pvt Ltd companies
  • Minimum work/business experience should be 3 years

EMI Calculator

When it comes to an EMI Calculator, there is no denying the fact that this magical device with its smartly designed algorithms gives you the exact values of not only your EMI but Interest Outgo as well. This magical tool soon after taking into the account-loan amount, tenure and interest rate gives you the precise values in the least time frame. And, that is why, this device with its 24×7 availability caters the varied needs of one and all and gives the exact results without any hassle. Keeping this thing into consideration, DCB Bank personal loan EMI Calculator has been widely used by many borrowers so that they can take a calculative decision ahead.

Documents Required

When you go for a loan, the first and foremost thing that you need to know about the same is the documentation. You need to keep the documents ready while applying for this credit facility so as to have the best of the journey. Both salaried and self-employed individuals are eligible to get the loan. So make sure the documents should be correct and complete so that you can easily apply for DCB Bank personal loan online.  

Hop this article was worth reading for you and you have got all the answers!

Know The Procedure for Citibank Credit Card Payment

Citibank is known for its customer-friendly services. The credit cards offered by the bank are popular for high cashback offers and reward points. Those who have used even one card would have experienced it that you get benefits on an unbeatable level of offers on all its credit cards. Checkout the list of Citibank credit cards and how can you do Citibank credit card payment in a simple way.

Citibank Credit Cards

  • Citi Simplicity Card
  • Citi Double Cash Card
  • Citi/AAdvantage Platinum Select World Elite Mastercard
  • Citi/AAdvantage Executive World EliteTM Mastercard
  • CitiBusiness/AAdvantage Platinum Select World Mastercard
  • Citi/AAdvantage Gold World Elite Mastercard
  • Citi ThankYou Preferred Card
  • Citi ThankYou Premier Card
  • Citi Prestige Card
  • Citi ThankYou Preferred Card For College Students
  • Citi Diamond Preferred Card
  • Expedia + CARD From Citi
  • Expedia + VOYAGER CARD From Citi
  • Costco Anywhere Visa Card By Citi
  • Costco Anywhere Visa Business Card By Citi
  • AT&T Access Card From Citi
  • Citi Secured Mastercard

Citibank Cashback Credit Card

Fees & Charges

  • No Joining Fee
  • Annual Fee- ₹500
  • Over Credit Limit charge of 2.5% of the amount subject to a minimum of ₹500
  • Interest rate on credit card ranges between 37.20%-42% annually
  • Cash Withdrawal Fee at 2% of the amount with a minimum of ₹300

Features

  • Get 5% cashback on purchase of movie tickets, payment of telephone and utility bills
  • Purchases above ₹2,500 can be converted into easy-to-pay EMIs with a call to the bank’s customer care, online banking, as well as through Citi Mobile when you are traveling
  • Simply tap-and-pay at merchant terminals for purchases up to `2000* without entering the PIN
  • 5% cashback on movie ticket purchases
  • 5% cash back on all your telephone bill payments
  • Pay through Citibank Online Bill Pay and get 5% cash back on Utility Bill Payments

Steps for Citibank credit card apply

Just like amazing features that make Citibank credit card unique, the application procedure is also convenient which makes it even more reachable. You can either apply online via official website or at the nearest bank branch. Nowadays, everyone prefers to work online and get everything instantly, so you can apply for any of Citibank credit cards online. The procedure of Citibank credit card apply is very simple.

Citibank Credit Card statement

The financial statement is the most vital archive for the reference purposes. It incorporates the subtleties of every single exchange produced using the card. Likewise, it has the detail of the base due sum and the last date of Citibank credit card bill payment. The following are the distinctive approaches to get this Citibank credit card statement:

  • You can ask for the bank to send you the record explanation every month on your enrolled email ID.
  • You can likewise check your financial record through web managing an account. You can login to Citibank Netbanking and check the announcement of your Visa simply as you improve the situation your charge card.
  • You can likewise ask for copy proclamations in the event that you don’t get the archive on your enlisted email ID.

Citibank Credit Card customer care

For any question, the Citibank Mastercard clients and furthermore the individuals who need to apply for a Citibank Visa can contact the put money on 1860 210 2484 (Local call charges apply).

On the basis of the above details on Citibank credit card payment, you can further process your payment. The process hardly takes a few minutes to pay your credit card bill of Citibank credit card.

Credit Card Offers: Compare The Best Credit Card And Select One

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Anika Sharma

A credit card is the best way to explore the world. Yes, you can explore during shopping, dining, traveling and more way. Not only this, but you can also get more extra advantages like reward points, cash back, gift voucher and more. To get a credit card offers before that you should know credit card eligibility process. Through the eligibility criteria, you can easily apply for your favorite card and enjoy every moment of life.

Let’s know the topmost bank’s credit card offers step by step and decide which one match with your needs and need to apply now.

SimplySAVE SBI Credit Card

  • When you spent Rs 100 on grocery, dining, movies, and departmental stores, then will get 10X reward points
  • After you spend Rs 2,000 within the first 60 days, then you will get 2,000 bonus reward points
  • Rs 499 one-time annual fee
  • Rs 499 renewal fee

BPCL SBI…

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A Quick Look at HDFC MoneyBack Credit Card Offers & Other Details

HDFC Bank ranks among the top lenders providing a wide range of credit cards to help people shop for a variety of products and receive numerous cashback and discount offers. Amongst its many credit cards, HDFC Moneyback Credit Card is arguably the most popular of all. The reward point offers and their redemption as cashback make it the go-to card. So, without any further delay, let’s check out the card offers in this article.

HDFC MoneyBack Credit Card Benefits

Here’s a list of benefits you can make most of using the MoneyBack credit card.

  • Earn 2 reward points per every 150 spent on the card
  • Welcome benefit and renewal benefit of 500 reward points each on the realization of the membership fee
  • Grab 2X rewards on online spends
  • Rewards can be redeemed as cashback, with 100 reward points equaling 20
  • Minimum 4 transactions to grant you free accidental death insurance up to 50 lakhs and free fire and burglary protection for goods above ₹5,000 for 180 days
  • Grab an e-voucher worth 500 on spends of 50,000 a quarter
  • Enjoy 1% fuel surcharge waiver on a minimum transaction of ₹400. The maximum cashback is capped to 250 per statement cycle
  • Zero lost card liability

HDFC Moneyback Credit Card Annual Fees & Other Charges

To continue the membership, you must pay the following fees.

First Year Membership Fee – ₹500

Renewal Membership Fee – ₹500

Charges on Revolving Credit 41.88% per annum

Late Payment Charges – ₹100-750

Cash Advance Charges – 2.50% of the cash withdrawal amount or ₹500, whichever is greater

Overlimit Charges – 2.50% of the overlimit amount, subject to a minimum of ₹500

Note – 18% Goods and Services Tax (GST) would also be levied on the annual fees and other charges

HDFC MoneyBack Credit Card Eligibility Criteria

You must meet the following criteria to be eligible for HDFC MoneyBack Credit Card.

  • The credit card can be offered to both salaried and self-employed
  • While the minimum age of the salaried is 21 years, the maximum is capped to 60 years
  • Self-employed must be a minimum and maximum of 21 years and 65 years, respectively, to apply for a credit card

How to Apply for HDFC MoneyBack Credit Card?

You can apply for a credit card on the official HDFC Bank website or at its nearest branch. Irrespective of the mode of application you choose to go with, you need to mention your personal and professional details correctly before submitting the application to HDFC Bank, which would scrutinize your candidature thoroughly. As soon as the details are authenticated successfully, the application would be approved.

HDFC MoneyBack Credit Card Application Status

You can even check the status of the credit card application by entering any of the Application Reference Number, Application Form Number or Date of Birth. Apart from that, you must enter the mobile number and captcha code before clicking on the ‘Submit’ button at the bottom. The status would then be flashed on the screen which can be anything from approved, rejected or pending for approval. You can know the reasons for rejection, if it’s the case, on the screen.

Credit Card Offers: Compare The Best Credit Card And Select One

A credit card is the best way to explore the world. Yes, you can explore during shopping, dining, traveling and more way. Not only this, but you can also get more extra advantages like reward points, cash back, gift voucher and more. To get a credit card offers before that you should know credit card eligibility process. Through the eligibility criteria, you can easily apply for your favorite card and enjoy every moment of life.

Let’s know the topmost bank’s credit card offers step by step and decide which one match with your needs and need to apply now.

SimplySAVE SBI Credit Card

  • When you spent Rs 100 on grocery, dining, movies, and departmental stores, then will get 10X reward points
  • After you spend Rs 2,000 within the first 60 days, then you will get 2,000 bonus reward points
  • Rs 499 one-time annual fee
  • Rs 499 renewal fee

BPCL SBI Card

  • For every Rs 100 spent on all fuel and retail purchases, you will get one reward point
  • On every Rs 100 spend at groceries, departmental stores, movies, and dining, you will get 5X reward points
  • When you spent Rs 100 on standing instructions for utility bills payments, you will get 5X reward points
  • First-year fee Rs 499 per annum with GST

HDFC Money Back Card

  • On Rs 150 spent, you will get two reward points
  • On online spends, you will get 2X reward points
  • Rs 500 annual fee

ICICI Instant Platinum Credit Card

  • At over 800 restaurants via culinary treats program, you will get a minimum 15% savings
  • Joining fee and annual fee nil
  • For cash reward points earned can redeem

Standard Chartered Platinum Credit Card

  • At leading hotels, dining outlets, and more, you will get 5X rewards
  • For every Rs 100 spent on hotels, you will get 5X reward points
  • In India on fuel spends, you will get 5X rewards

Citibank Cashback Credit Card

  • On all movie tickets purchases, you will get 5% cashback
  • On all telephone bill payments, you will get 5% cashback
  • On all other spends, you will get 0.5% cash back

Credit Card Eligibility

You can grab all the offers before that you should check credit card eligibility criteria online. So that, it’s easy to know for which bank you are eligible. Let’s know below a few bank’s eligibility criteria.

State Bank Of India

  • You should be Indian national
  • The minimum age should be 18 years
  • You should have a good credit score

HDFC Bank

  • A salaried or self-employed can apply
  • The age should between 21 to 60 years
  • Add-on cardholder should be 15 years
  • For a salaried minimum annual income Rs 1.5 lakhs
  • For self-employed minimum annual income should be Rs 2 lakhs

Axis Bank

  • The minimum age should be 18 years
  • The maximum age should be 70 years
  • Add-on cardholder should be 15 years

ICICI Bank

  • The minimum age should not be less than 23 years
  • Add-on cardholder should be 18 years
  • Rs 20,000 the minimum monthly salary for a salaried and for self-employed the minimum annual income should be Rs 3 lakh

Is Canara Bank Home Loan Suitable For Your Requirements

Image result for Canara Bank Home Loan

People who are eagerly looking for a lender where they can get home loan often get confused between the suitability and availability. When you look for a home loan and the lender is ready to give you loan, you should not just run after it. You should always see if the loan is within your budget and is satisfying your needs or not. When Canara Bank home loan is within your reach, think about the purposes for which it is giving you the loan. Also, you should check monthly installment for the rate you are expected to get from the lender.

A home loan may continue for up to 30 years and thus it is important that you choose a loan amount and tenure which results in a budget EMI. Canara Bank home loan is available at floating rate of interest and vary for a salaried person and non-salaried person. Also, it is decided by the bank on the basis of your in-hand salary, credit score and proper documentation. By considering all these factors, you will be given the interest rate for Canara Bank home loan. Having income documents is very important to apply and get approval for the loan. You can check EMI for an expected rate of interest to get an idea whether or not you will be able to pay it or not.

Documents required for Canara Bank home loan

You have to make sure you have the documents listed below otherwise your Canara Bank home loan application will be rejected:

  • Duly filled loan application form
  • 2 passport size photographs
  • Sale Deed
  • Sale Agreement
  • Copy of the approved plan for the construction, extension or addition to the house.
  • Cost estimate / valuation report provided by Bank’s Architect/ Chartered Engineer
  • Allotment letter from the Apartment Owners’ Association / Co-operative Housing Society/
  • Housing Board or NOC from the Society/ Association/ /Builders/ Housing Board
  • Legal Scrutiny Report, EC for the past 13 years, and permission for mortgage, and Property
  • Tax paid receipt when required.
  • Salaried Individuals: Salary Certificate and Form No.16
  • Non-salaried persons: Last two years’ IT Returns
  • Self-Employed: A brief note in the requisite format, with details about the business, such as type of organization, year of establishment, etc.
  • Self-Employed: Past three years’ Balance Sheet and P&L Account.

Canara Bank Home Loan EMI Calculator

It helps in calculating the EMI in a few minutes by taking into account the basic details of your loan which are:

  • Loan amount
  • Tenure
  • Interest rate

When you provide the above details, the calculator shows EMI, the total interest outgo, and total repayment amount (principal+interest). Here is an example with the loan amount ₹40 lakhs with the tenure of 15 years and interest rate of 8.75% p.a.

EMI: ₹39,978

Total interest outgo: ₹31,96,030

Total amount: ₹71,96,030

You can check EMIs for different interest rate, tenure and loan amount to see which combination is suitable for you if you get Canara Bank home loan. The rate you will get from the bank would depend on the factors such as your income, age, property value, documentation submitted to the bank. The most important thing for you to know is that approval would only be given to properties which are legal and both lender and property are authorized.