Sunday, 2 December 2018

INSURANCE

WELCOME TO INSURANCE SERVICES THE LOCAL EVERYWHERE INSURANCE AGENCY Headquartered in NC. Working wherever you are. START PROPOSAL SERVICE POLICIES How can we help you today? Start Proposal Policy Change Report PROTECTION. PRICE. SERVICE. As an independent insurance agency, our insurance agents are dedicated to helping you protect what matters most. We can help with auto insurance, homeowners insurance, or life insurance - really anything to make sure you are covered and ready to take on whatever life throws at you. With offices in Winston-Salem, Mount Airy, and Walnut Cove, NC, we cover the entire state of North Carolina and states up and down the eastern seaboard. We specialize in a wide range of insurance products and services. Auto Insurance Car insurance is about more than just saving 15%. We'll find great coverage at a great rate! Home Insurance Protecting your most valuable asset is serious business. Find out more about why we're the best at homeowners insurance. Life Insurance Let us help you find the right life insurance coverage. You can have peace of mind knowing you're family will be taken care of. Umbrella Insurance Umbrella Insurance is a critical piece of the asset protection puzzle. We leave no stone un-turned. Health Insurance Finding the right health insurance policy can be hard. We can help take that stress out of the process and get you covered. Commercial Package You've worked hard for your business. Let us do the same, because there is nothing more important than protecting what you've built. Whether you need business insurance for big company or a lemonade stand, we've got you covered. Special Event Insurance From weddings to special events, you've got a lot to celebrate. Don't let the unexpected keep your day from being perfect. Quote, pay, and bind your own policy, all without stepping foot in an office. Alliance Star Specialty Insurance A whole host of coverages from events to sports to classic cars and more. If you don't see it covered above, it's probably in here. ALL PERSONAL PRODUCTS ALL COMMERCIAL PRODUCTS "We have been with Alliance Insurance for the past 8 yrs and I'm very happy with the service they provide. Cecilia Martinez has been an excellent agent and she's always looking for the best quote for us at renewal time. I know both our personal and business policies are in good hands at Alliance Insurance. Their service goes above and beyond any other Insurance place. KEEP UP THE AMAZING WORK!!!! FIVE STARS." Laura Z. "I would recommend anyone going to Alliance Insurance. We had the pleasure of working with Cody Jackson regarding our insurance needs. He went above and beyond to ensure he gave us his full attention and even saved us a lot of money! He is very knowledgeable and professional. FIVE STARS." Kyla J. "I love my Alliance agent Cecilia. She is always helpful and polite. They also have very convenient hours and locations. FIVE STARS." Karime G. "Josh Cook has been SUCH a great help when working with Alliance. He has helped me with ANY question I had with my policies, and was very professional and helpful throughout the entire process. I love that the company will follow up with you on any questions or concerns, and Josh especially is always willing to help. I definitely recommend Alliance Insurance to help you find ways to save money on any policy, and Josh Cook to work with you along the way. FIVE STARS." Shannon M. INSURANCE NEWS & TIPS YOU CAN USE Person holding emoji balloons. Do I Need Full Coverage? Full Coverage: The Heart-Eyes Emoji of Insurance When you think of what auto insurance is supposed to do, you’re thinking of full coverage. The term “full coverage” refers to having both liability coverage and physical damage coverage on your vehicle. While I’ll get more into what those are in a moment, the gist of it […] Angry girl thinking about deductible. Deducing Deductibles: How They Work Deductibles: Dastardly or Darling? One of the words most of us know when it comes to insurance is deductible. Despite this, one of the questions we hear on a regular basis is this: “What is a deductible?” Or, at best, “How does my deductible work?” While we are all familiar with the term, it is […] Woman shadowboxing. Common lawsuits employers face today. No one thinks they will be in a lawsuit. “It will never happen to me.” That’s what so many business owners today think when they hear about employees taking their bosses to court. The vast majority of small business owners, entrepreneurs, managers and leaders genuinely believe that the chances of being sued by an employee […] Personal Loan – Low interest rate personal loans from a wide range of lenders Personal loans are an unsecured form of credit that is popular to meet immediate requirements. It is multi-purpose in nature and therefore can be used for various purposes including wedding, home renovation, travel purposes and more. Moreover, there is no restriction for the amount borrowed and can be used for any purpose they want. In fact, a personal loan can help you build your credit faster when compared with other forms of credit. This is because of the risk it carries due to being unsecured. All in all, a personal loan can offset any temporary financial crisis. Benefits and Features of Personal Loan No collateral required One of the benefits associated with an online personal loan is that it is unsecured in nature. This means you don’t need to pledge any collateral for your loan. Although this can be a reason for your interest rate, you can get a low-interest personal loan easily if you meet the eligibility requirements. Minimal Documentation In this age of digitisation, the process of verification and documentation has now become short. This is applicable for an instant personal loan as they are fast in disbursal and require minimum documents for approval. Easy Approval You can get personal loans that are quick and easy in approval. This is why it is the best bet in times of financial emergency. Moreover, the process has become digital; thus reducing time in the verification process. Multipurpose in nature A personal loan can be used for anything except for investment and illegal activities. Apart from that, it is multipurpose in nature and can be used for anything. Other forms of credit when taken are for a specific purpose and can be used only for the same. For example, a home loan is used for purchasing a house whereas a car loan is taken to buy a car. However, a personal loan can be taken to offset any immediate requirements. Personal Loan Eligibility Personal loans are provided by most of the banks/NBFCs but with different eligibility requirements. However, there are certain criteria that are common for all financial institutions. The eligibility criteria to get an online personal loan approval for salaried and self-employed individuals are: Age 18/21 years - 60/65 years Employment Type 1. Salaried 2. Self-Employed professionals Credit score 750 or above with a good credit history Minimum Net Income (Monthly) ₹15,000(non-metro cities) ₹20,000( metro cities) Loan Amount Up to ₹50 lacs depending on the credit profile Work Experience Salaried Employed at current company for at least 6/12 months Self-Employed Business tenure of at least 3 years (continuous) ITR of last 3 years Documents Required for Personal Loan The common documents required for an online personal loan approval are given below: For Salaried Individuals 1. Identity & Age Proof 2. Completely filled personal loan applica tion with photograph 3. PAN Card 4. Residence proof - Passport driving licence, Voter ID, postpaid/landline bill, utility bills (electricity/water/gas) 5. Bank statements for the last 3 months(preferably your salary account) 6. Salary Slips of last 3 months 7. Form 16 or Income Tax Returns of last 3 years For Self-Employed Individuals 1. Identity & Age Proof 2. Completely filled personal loan application with photograph 3. PAN Card 4. Residence proof - Passport driving licence, Voter ID, postpaid/landline bill, utility bills (electricity/water/gas) 5. Bank statements for the last 3 months(preferably your salary account) 6. Salary Slips of last 3 months 7. Last 3 years Income Tax Returns with computation of Income 8. Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account Personal Loan Comparison Table Here is a comparison table of the popular personal loans online along with their processing fees, preclosure charges and interest rate: BANK/NBFC Interest Rate(pa) Loan Amount Processing Fees Part Payment Pre-closure Charges Locking Period Tenure IDFC Bank 11.69% - 15.00% (BT rates starts from 11.50%) 1Lakh to 20Lakhs Up to 2.0% of the loan amount Up to 40% of loan amount every year 3% on your principal outstanding + GST 3 months 12 to 60 months HDFC Bank 10.99% - 20.00% 50k to 40Lakhs Up to 2.50% of the loan amount subject to a minimum of ₹1,999/- & Maximum of ₹25000/- Up to 25% of Principal Outstanding allowed 13-24 Months - 4% of Principal Outstanding 25-36 Months - 3% of Principal Outstanding >36 Months - 2% of Principal Outstanding >48 months - 0% 12 Months 12 to 60 months ICICI Bank 11.50% - 16.75% 50k to 25 Lakhs Up to 2.25% per annum of loan amount plus GST Not available 5% per annum of principal outstanding plus GST 6 months 12 to 60 Months Bajaj Fiserv 12.00% - 16.00% 1 Lakh to 20 Lakhs Up to 3.99% of the loan amount Should be more than 1 EMI (2% + applicable taxes on part-payment amount paid) 4% plus applicable taxes on principal outstanding 1 month 12 to 60 Months Kotak Bank 11.00% - 24.00% 1Lakh to 30Lakhs Up to 2.5% of the loan amount + GST and other applicable statutory levies - 5% of the outstanding amount + GST on principal outstanding 12 months 12 to 48 Months TATA Capital 11.75%-19.00% 75k to 20Lakhs From ₹999/- Up to 2.0% of the loan amount and applicable Service Tax Up to 25% of the principal outstanding (2% of the amount paid + GST) *Maximum of 50% of the principal outstanding permissible >6 months - 4% of principal outstanding >12 months - NIL BT - 5% of the principal outstanding 6 Months 12 to 72 Months IndusInd Bank 11.49% - 20.00% 1Lakh to 20Lakhs Up to 2.50% of the loan amount plus tax - Salaried: 4% of the principal outstanding after repayment of 12 EMIs. Self Employed: 4% of the principal outstanding after repayment of 6 EMIs 1 Year 12 to 60 Months Capital First 12.00% - 35.00% 1Lakh to 15Lakhs Up to 2.0% of the loan amount and applicable Service Tax Women working in Super Cat A / A & B- 10.65% N/A 5% of the principal outstanding amount 1 Year 12 to 60 Months Fullerton 17.25% - 35.00% 65k to 20Lakhs Up to 6.5% of the Loan Amount Within 7 months to 17 months - 7% Within 18 months to 23 months - 5% Within 24 months to 35 months - 3% After 36 months - NIL 6 Months 12 to 60 Months IIFL 12.99% - 20.00% 1Lakh to 20Lakhs Up to 2% of the loan amount plus GST - Up to 4% of the Principal Outstanding >12 Months - NIL 6 Months 12 to 60 Months RBL Bank 14.00% - 20.00% 1Lakh to 20Lakhs 1.5% of the loan amount (Non Refundable fee of Rs 7500 Upfront, Rest at the time of disbursal) NIL NIL 12 months 12 to 60 Months Yes Bank 10.75% - 16.99% 1Lakh to 25Lakhs Up to 2.50% of the loan amount subject to a minimum of ₹999/- plus taxes • 20% Principal Outstanding for 12 – 24 months • 20% Principle Outstanding for 25 – 36 Months • 25% Principal Outstanding for 37 – 48 Months • 25% Principal Outstanding for 49 – 60 Months 1% plus applicable taxes on part payment amount paid 13 – 24 months - 4% of principal outstanding 25 – 36 months - 3% of principal outstanding 37 – 48 months - 2% of principal outstanding >48 Months - Nil 12 months 12 to 60 Months*The figures provided in the table are indicative subject to change from time. Representative Example: With a representative 10.75% APR based on borrowing ₹ 10 lacs and repaying over 60 months with 60 monthly repayments. Monthly repayments of ₹ 21618. Types of Personal Loan: Here are the different types of online personal loan: Personal Loan for Home Improvement There’s something that can be always done to your home and this is where an instant personal loan can help you fulfill them. From remodelling your kitchen to making your house a perfect mix of comfort and durability, a personal loan for home renovation can be the solution. Personal Loan for wedding In India, a normal wedding cost ₹25 lakhs on an average! Exhausting all your savings for all the wedding expenses is not an ideal option. This is where you apply online personal loan and cover the expenses. Now, planning a wedding is now easy. Personal Loan for Travel Apart from home renovation or wedding, you can get personal loan to cover your travel expenses. Since it is convenient and an economic option, it can be an open option. Moreover, it can alternate your uses with your credit card and help you save on interest costs. Fresh Funding Meeting working capital requirements can be a daunting process and without raising fresh funds, the everyday operations can get affected. A personal loan can be the best alternative option to meet your short-term working capital requirements such as cover accounts payable, wages, etc Top Up Personal Loan Top up personal loan is a facility provided by financial institutions to customers that allows you to borrow a certain amount of money over your personal loan. The interest rate for a top up loan is slightly higher than the regular personal loan. Personal Loan Balance Transfer Did you know you can save thousands on your interest costs on a personal loan? Well, that is what a balance transfer can help you with. You can pay off your existing loan with a new loan at a lower-interest rate. Please note there is a charge associated with a personal loan balance transfer. . Personal Loan EMI Calculator When you plan to apply for a personal loan, EMI plays the most important factor. Whether or not the EMI will fit in your monthly budget can help in deciding your personal loan. This is where a personal loan EMI calculator can help you. A loan calculator helps you get the following results: Monthly Repayments - EMI you will be paying every month Total interest payable - Total interest on your loan Total amount to pay - The total amount which is a sum of principal and interest Personal Loan Interest Rates Personal Loan Details Interest Rates 10.75% - 35% Processing Fee Differs from bank to bank; generally ranges between 1-3% of the loan amount Loan Tenure 12 months to 60 months Loan Amount ₹15000 - ₹50 lakhs Lock-in period Varies from lender to lender Preclosure Charges Differs; Generally between 2%-5% of the loan outstanding Guarantor Required Varies on different conditions Why should you apply for a personal loan at IndiaLends? IndiaLends is a one-stop solution for all your financial needs. In here, we try to provide you with the best services that are hassle-free and quick in nature. For personal loans, we provide you with a comparative analysis of what different banks are offering and assist you in your final decision. Here are a few reasons for you to apply for a personal loan at IndiaLends: Fast assistance IndiaLends offers 24*7 services for all its customers. You can contact us at anytime of the day and we will try our best to get back to you as soon as possible. Moreover, the process for personal loan approval is fast and quick in nature. You can simply write to us at support@indialends.com for any grievances, complaints or feedbacks. Customer needs in forefront Your needs are our priority. We promise to deliver you with services that are best on our capabilities. By handpicking the personal loan offers based on customer profile, we try to give you the most personalised experience. The services for all our customers are free of cost. Compare Offers Online With more than 40 lenders as partners, you can compare the different offers of financial institutions to make the right call. In fact, we help you find the best lender as per your eligibility requirements. There is a personalised relationship lender for every customer who helps him/her select the bank of his/her choice. Real-time customer support Our customer support team is fast and efficient to clear all your doubts regarding personal loan eligibility, procedures, offers, documentation and repayment options. We even contact with the respective lender on behalf of you. How To Apply For A Personal Loan at IndiaLends? Applying for a personal loan involves three simple steps: Step-1: Fill the eligibility form In the first step, the customer needs to fill in the eligibility form which includes filling the following details: Full Name(As per PAN Card) Email Address Current Residence Pincode Employment Type Current Company Name Monthly in-hand salary Mobile Number Step-2: Select from the multiple offer(s) You will be given a list of lenders based on the information provided by you in Step-1. The offer could be one or more than one based on your profile. Out of the list, select the lender you wish to go ahead with. Please remember to consider the following points when choosing the lender: Interest rate offered Loan amount Loan Tenure EMI Step-3: Apply for the loan This step is an extended version of Step-1 where you have to give more details on your application. This is where you give a detailed information about your personal details and bank details. Once you submit your application, our representative will contact you to cross verify the details before sending the application to the respective lender. Best Personal Loans in India S. No. Bank Name Interest rate (p.a) Loan Amount 1 Yes Bank 10.75% - 16.99% ₹1 lakh - ₹25 lakhs 2 ICICI Bank 11.50% - 16.75% ₹50k - ₹25 lakhs 3 HDFC Bank 10.99% - 20.00% ₹50k - ₹40 lakhs 4 Kotak Bank 11.00% - 24.00% ₹1 lakh - ₹30 lakhs 5 Tata Capital 11.75%-19.00% ₹75k - ₹20 lakhs 6 IndusInd Bank 11.49% - 20.00% ₹1 lakh - ₹20 lakhs 7 IDFC Bank 11.69% - 15.00% BT rates starts from 11.50%) ₹1 lakh - ₹20 lakhs 8 Bajaj Finserv 12.00% - 16.00% ₹1 lakh - ₹20 lakhs 9 IIFL 12.99% - 20.00% ₹1 lakh - ₹20 lakhs 10 Capital First 12.00% - 35.00% (Women working in Super Cat A / A & B- 10.65%) ₹1 lakh - ₹15 lakhs*The figures provided in the table are indicative subject to change from time. Yes Bank Personal Loan YES Bank personal loans are personalised, faster and easier. Particulars Salaried Individual Interest Rate 10.75% - 16.99% Loan Tenure 12-60 months Age 22 to 60 years (at the time of loan maturity) Processing Fee Up to 2.50% of the loan amount subject to a minimum of ₹999/- plus taxes Lock-in period 12 months Prepayment/ Preclosure charges 13 – 24 months - 4% of principal outstanding 25 – 36 months - 3% of principal outstanding 37 – 48 months - 2% of principal outstanding >48 Months - Nil *The figures provided in the table are indicative subject to change from time. ICICI Personal Loan ICICI personal loans are flexible, quick and convenient and have competitive interest rates. Particulars Salaried Individual Interest Rate 11.50% - 16.75% Loan Tenure 12-60 months Age 23 years to 58 years (at the time of loan maturity) Processing Fee Up to 2.25% per annum of loan amount plus GST Lock-in period 6 months Prepayment/ Preclosure charges Up to 5% per annum of the principal outstanding plus service tax *The figures provided in the table are indicative subject to change from time. HDFC Personal Loan HDFC bank personal loan is one of the popular products of this bank. The personal loans are easy-to-get, hassle-free and superfast. Particulars Salaried Individual Interest Rate 10.99%-20% Loan Tenure 12-60 months Age 21 years - 60 years Processing Fee Up to 2.50% of the loan amount subject to a minimum of ₹1,999/- & Maximum of ₹25000/- Lock-in period 12 months Prepayment/ Preclosure charges 13-24 Months - 4% of Principal Outstanding 25-36 Months - 3% of Principal Outstanding >36 Months - 2% of Principal Outstanding >48 months - 0% *The figures provided in the table are indicative subject to change from time. Kotak Bank Personal Loan Kotak bank personal loans are quite popular in India. It provides personal loans at minimal documentation and flexible EMI’s. Particulars Salaried Individual Interest Rate 11.00% - 24.00% Loan Tenure 12-48 months Age 21 years - 58 years Processing Fee Up to 2.5% of the loan amount + GST and other applicable statutory levies Lock-in period 12 months Prepayment/ Preclosure charges 5% of the outstanding amount + GST on principal outstanding *The figures provided in the table are indicative subject to change from time. Bajaj Finserv Personal Loan The Bajaj personal loans are non-collateral loans with minimal documentation. Moreover, the loans are available at flexible EMI’s ranging from a year to 5 years. Particulars Salaried Individual Interest Rate 12.00% - 16.00% Loan Tenure 12-60 months Age 25 years - 58 years Processing Fee Up to 3.99% of the loan amount Lock-in period 1 months Prepayment/ Preclosure charges 4% plus applicable taxes on principal outstanding *The figures provided in the table are indicative subject to change from time. IIFL Personal Loan Personal loans by IIFL are super fast in terms of disbursal. They are available at 0% part payment charges after a year. Particulars Salaried Individual Interest Rate 12.99% - 20.00% Loan Tenure 12-60 months Age 21 years - 60 years Processing Fee Up to 2.00% of the loan amount plus GST Lock-in period 9 months Prepayment/ Preclosure charges Up to 4% of the Principal Outstanding NIL after 12 Months *The figures provided in the table are indicative subject to change from time. Personal Loan FAQs 1. Is it a good idea to get a personal loan? Personal loans can be an ideal solution during financial crisis. Be it wedding expenses, home renovation or medical emergency, a personal loan can be your solution to meet the immediate financial requirements as they are easy-to-get, fast in disbursal and require no collateral. 2. What is the best personal loan? The best personal loan differs from borrower to borrower’s credit profile. A credit profile includes the credit score, monthly income, employer, employment type and others. All the above factors are considered to find the best personal loan. 3. How can I get personal loan? To get a personal loan, you need to meet the following eligibility requirements: Between the age of 18/21 years - 60/65 years Must be salaried or self-employed Credit score of 750+ with a good credit history Minimum monthly income of ₹15000 for non-metro cities and ₹20,000 for metro cities Should be employed at the current organisation for at least 6/12 months or business tenure of at least 3 years (continuous) 4. What is the eligibility for personal loan? The eligibility criteria for a personal loan are given below: Between the age of 18/21 years - 60/65 years Must be salaried or self-employed Credit score of 750+ with a good credit history Minimum monthly income of ₹15000 for non-metro cities and ₹20,000 for metro cities Should be employed at the current organisation for at least 6/12 months or business tenure of at least 3 years (continuous) 5. Are personal loans good for your credit? Personal loans play an important role in deciding your credit score. The effect of missing a personal loan EMI can be adverse on your credit score. One of the reasons for the same is because personal loans are unsecured in nature. 6. How long does it take to get approved for a personal loan? Due to digitisation, personal loan approval has become instant. However, the disbursal could take a period of 5-7 days due to the documentation process. 7. What is the best personal loan to get? There is no such things as best personal loan. Every borrower needs to find the lender that best suits his/her needs. In order to do that, you can either compare the different lenders offline or apply at platforms such as IndiaLends who help you select the lender as per your requirements. 8. Can you pay off a personal loan early? Of course you can pay off a personal loan early. This is known as prepayment of a personal loan. However, this could attract a specific amount as penalty which would differ from lender-to-lender. 9. What is the average interest rate on a personal loan? The interest rate on a personal loan ranges from 10.75% - 35% which differs from lender to lender. 10. What do banks look at when applying for a personal loan? The banks consider the following factors when looking at a personal loan application: 1. Age 2. Monthly Income 3. Credit Score 4. Credit History 5. Documents 11. Who has the best personal loan rates? The best personal loan interest rates depend on the credit profile of a customer. In order to get the best rates, a customer must have a good credit score, consistent source of income, should be salaried/self-employed. 12. Which bank gives lowest interest rate for personal loan? Currently, YES Bank offers personal loans starting from 10.75%. However, the interest rates can be different for customers based on their credit profile. 13. What is the minimum salary for personal loan? The minimum salary to get a personal loan is ₹15,000 fro non-metro cities and ₹20,000 for metro cities. 14. How can I get personal loan from Bajaj Finance? To get a personal loan from Bajaj Finance, you can apply at their official website or apply at IndiaLends for easy approval and fast disbursal.
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