I have consumer durable loan Can I still apply for personal loan? Before you go further. We must study about loan terms and conditions.
Our main purpose is to borrow another loan, right? Should you do? question self then your mind and soul will answer you.
Suppose you are owner of loan distributor company or owner of money and the same question do customer, what will you answer them?
I know you are confused now. I answer you.
Everyone has to keep their money safe, even if it’s not you. Then the bank will also give its money to the person who can return it on time. Because no one wants to lose their money. Banks also have to do business.
Therefore, the bank gives loans only when the loan taken earlier is fully repaid or almost the outstanding loan is repaid.
The loan is given only when the that person has the capacity to repay the loan.
I have consumer durable loan Can I still apply for personal loan
Now coming to your issue.
If you have taken consumer loan and want to take a new personal loan, then you have to repay the previous one or pay more than half of the monthly installment on time and if your source of income is good, then bank or financial company will give you personal loan. I mean you can take another loan.
About Personal Loan
A small amount of money that can give to the needy person who need to fulfill himself needs. Nowadays personal loan can borrow sitting at home so you have not to visit bank branch or office.
Many persons ask me What happens if you don’t pay bank loan in India? You must read it, because you are going to borrow double loan and in this situation you may fall so read it.
Your choice is to borrow personal loan then you must read about Types of Personal Loan in India.
There are may banks offer you loans so you may glide over here.
Here is ICICI Bank offers Personal Loan and also join other banks which offers personal loans, I think most of all banks offer personal loan instantly through mobile apps. You should read about unsecured loan with examples and need to read about how to apply for loan online in India. You take loan then need to pay on time, right! So you must aware about what is bank loan EMI? bank loan emi calculator helps you to calculate your monthly installment to pay.
This blog post is about I have consumer durable loan Can I still apply for personal loan? I think your problem solved here, if you think more to know then write your thoughts below.