loan in chennai

June 2012 PERSONAL LOAN SPECIAL RATE

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All Login till 30^th June 2012

Defence 16.5% + 0%

Govt  > 35 K – 16% + 1.5% 

Govt  > 20K & < 35 K – 16.75% + 1.5%

All login till 30^th June 2012 (KRC)

14.25% + 0.80% (Only for HDFC BANK salary credit)

15% + 1% (For other bank salary credit)

Accenture India Pvt Ltd/Accenture services

Capgemini India Pvt Ltd

CTS / HCL / IBM

J.P. Morgan Services

Ness Technologies India Pvt Ltd

Oracle India Pvt Ltd 

Oracle solution service India Ltd

Oracle Financial Services Software Ltd

Star India Group

TCS / TATA Motors Ltd

Wipro ltd

Wipro Technologies Ltd

Wipro Infotech Ltd

Renault Nissan Automotive India Pvt Ltd

Vodafone

Wells Fargo

All login till 30^th June  2012 (SRC)

15.50% + 1.50% (Only for HDFC BANK salary credit)

15.75% + 1.75% (For other bank salary credit)

B.A.Continuum india pvt ltd

Bharti Airtel Group

Cisco systems india pvt ltd

Dell Perot

HP Globalsoft Limited

Hyundai Motors India Ltd

L & T LTD

L & T Infotech

L & T Komatsu

L & T Finance

L & T ECC

L & T Power

L & T Heavy Engineering

L & T Electrical & Electronics

L & T – Integrated Engineering Services(IES)

L & T and Cassidian

L & T – Special Steel & Heavy Forging Pvt Ltd

Mphasis Ltd

Nokia India Pvt LT

Polaris Software Lab Ltd

Ramco Systems

Tata Steel Ltd

Hewitt Associates India Pvt

Interglobe Group

Siemens Group

KPIT Cummins

All Disbursal till 30^th June 2012 (FIC)

<75K 16% + 1% (For All Salary Credit)

>75K 15.75% + 1% (For All Salary Credit)

FMCG

Marico Industries

ITC

Cadbury India

Nestle India

Britannia Industries

PHARMA

Ranbaxy

Cadila

GSK

Aventis

Luptin

POWER & STEEL

Torrent Power

Jindal Steel & Power

Tata Power

Steel Authority of India

Essar Steel Limited

MANUFACTURING

Asian Paints

Maruti Udyog

Grasim (Textile & Cement)

General Motors

Videocon Group

FOCUS EXTERNAL CUSTOMER (FEC)

<75K 16% + 1.5% (For All Salary Credit)

>75K 15.75% + 1.5% (For All Salary Credit)

Jaiprakash Associates Ltd

Gammon India Ltd

Uttam Galva Steels Ltd

BGR Energy Systems Ltd

Tulip Telecom Ltd

Jubilant Life Science Ltd

Bharat Forge Ltd

Jayaswal Neco Industries Ltd

United Spirits Ltd

Sundaram Clayton Ltd

JSW Energy Ltd

Strides Arcolab Ltd

Adani Power Ltd

Ballarpur Industries Ltd

Aban Offshore Ltd

Bilcare Ltd

Adani Enterprises Ltd

Sintex Industries Ltd

Mercator Ltd

Jaypee Infratech Ltd

Polyplex Corporation Ltd

INFOSYS TECHNOLOGIES LIMTED

All Disbursal till 30^th June  2012

For All Salary credits

14.25% + 1.5%

All login till 30^th June 2012

For All salary Credits above 20K

14.25 + 0.8%

MAHARATNA

Oil and Natural Gas Corporation Limited

NTPC Limited

Steel Authority of India Limited

Coal India Limited

Indian Oil Corporation Limited

All login till 30^th June 2012

For All salary Credits above 20K

15.50 + 1.5%

NAVRATNA

Bharat Electronics Limited

Bharat Heavy Electricals Limited

Bharat Petroleum Corporation Limited

GAIL (India) Limited

Hindustan Aeronautics Limited

Hindustan Petroleum Corporation Limited

Mahanagar Telephone Nigam Limted

National Aluminium Company Limited

Neyveli Lignite Corporation Limited

NMDC Limited

Oil India Limited

Power Finance Corporation Limited

Power Grid Corporation of India Limited

Rashtriya Ispat Nigam Limited

Rural Electrification Corporation Limited

Shipping Corporation of India Limited

All login till 30^th June 2012

For All salary Credits above 20K

15.75% + 1.75%

Other Key PSU

Antrix Corporation Limited

Balmer lawrie & co Limited

Bharat Dynamics Limited

BEML Limited

Bharat Sanchar Niham Limited (BSNL)

Bridge & Roof Company (India) Limited

Central warehousing Corporation

Central Coal fields Limited

Chennai Petroloeum Corporation Limted (CPCL)

Cochin Shipyard Limted

Container Corporation of India Limted

Dredging Corporation of India Limited

Engineers India Limted

Ennore Port Limted

Garden Research Ship Builders & Engineers Limited

Goa Shipyard Limited

Hindustan Copper Limited

HLL Lifecare Limited

Hindustan Newsprint Limted

Hindustan paper corporation Limited

Housing & urban development corporation limted

India Tourism development corporation limited

Indian Railway catering & tourism corporation limted

IRCON International Limited

KIOCL Limited

Mahanadi coalfields Limited

Manganese Ore (India) Limted

Mangalore Refinery & petro chemicals limited

Mishra Dhatu Nigam Limited

MMTC Limited

MSTC Limited

National Fertilizers Limited

National Seeds Corporation Limited

NHPC Limited

Northern Coal fields Limted

Numaligarh Refinery Limited

ONGC Videsh Limited

Pawan Hans Helicopters Limited

Projects & Development India Limited

Rashtriya Chemicals & Fertilizers Limited

RITES Limited

SJVN Limited

Security Printing and Minting Corporation of India Limited

South Eastern Coalfields Limited

State Trading Corporation of India Limited

THDC India Limited

Telecommunications Consultants (India) Limited

Western Coalfields Limited

Water & Power Consultancy (India) Limited

            

personal loan in chennai

June 2012 PERSONAL LOAN SPECIAL RATE

___________________________________________________________________________________

All Login till 30^th June 2012

Defence 16.5% + 0%

Govt  > 35 K – 16% + 1.5% 

Govt  > 20K & < 35 K – 16.75% + 1.5%

All login till 30^th June 2012 (KRC)

14.25% + 0.80% (Only for HDFC BANK salary credit)

15% + 1% (For other bank salary credit)

Accenture India Pvt Ltd/Accenture services

Capgemini India Pvt Ltd

CTS / HCL / IBM

J.P. Morgan Services

Ness Technologies India Pvt Ltd

Oracle India Pvt Ltd 

Oracle solution service India Ltd

Oracle Financial Services Software Ltd

Star India Group

TCS / TATA Motors Ltd

Wipro ltd

Wipro Technologies Ltd

Wipro Infotech Ltd

Renault Nissan Automotive India Pvt Ltd

Vodafone

Wells Fargo

All login till 30^th June  2012 (SRC)

15.50% + 1.50% (Only for HDFC BANK salary credit)

15.75% + 1.75% (For other bank salary credit)

B.A.Continuum india pvt ltd

Bharti Airtel Group

Cisco systems india pvt ltd

Dell Perot

HP Globalsoft Limited

Hyundai Motors India Ltd

L & T LTD

L & T Infotech

L & T Komatsu

L & T Finance

L & T ECC

L & T Power

L & T Heavy Engineering

L & T Electrical & Electronics

L & T – Integrated Engineering Services(IES)

L & T and Cassidian

L & T – Special Steel & Heavy Forging Pvt Ltd

Mphasis Ltd

Nokia India Pvt LT

Polaris Software Lab Ltd

Ramco Systems

Tata Steel Ltd

Hewitt Associates India Pvt

Interglobe Group

Siemens Group

KPIT Cummins

All Disbursal till 30^th June 2012 (FIC)

<75K 16% + 1% (For All Salary Credit)

>75K 15.75% + 1% (For All Salary Credit)

FMCG

Marico Industries

ITC

Cadbury India

Nestle India

Britannia Industries

PHARMA

Ranbaxy

Cadila

GSK

Aventis

Luptin

POWER & STEEL

Torrent Power

Jindal Steel & Power

Tata Power

Steel Authority of India

Essar Steel Limited

MANUFACTURING

Asian Paints

Maruti Udyog

Grasim (Textile & Cement)

General Motors

Videocon Group

FOCUS EXTERNAL CUSTOMER (FEC)

<75K 16% + 1.5% (For All Salary Credit)

>75K 15.75% + 1.5% (For All Salary Credit)

Jaiprakash Associates Ltd

Gammon India Ltd

Uttam Galva Steels Ltd

BGR Energy Systems Ltd

Tulip Telecom Ltd

Jubilant Life Science Ltd

Bharat Forge Ltd

Jayaswal Neco Industries Ltd

United Spirits Ltd

Sundaram Clayton Ltd

JSW Energy Ltd

Strides Arcolab Ltd

Adani Power Ltd

Ballarpur Industries Ltd

Aban Offshore Ltd

Bilcare Ltd

Adani Enterprises Ltd

Sintex Industries Ltd

Mercator Ltd

Jaypee Infratech Ltd

Polyplex Corporation Ltd

INFOSYS TECHNOLOGIES LIMTED

All Disbursal till 30^th June  2012

For All Salary credits

14.25% + 1.5%

All login till 30^th June 2012

For All salary Credits above 20K

14.25 + 0.8%

MAHARATNA

Oil and Natural Gas Corporation Limited

NTPC Limited

Steel Authority of India Limited

Coal India Limited

Indian Oil Corporation Limited

All login till 30^th June 2012

For All salary Credits above 20K

15.50 + 1.5%

NAVRATNA

Bharat Electronics Limited

Bharat Heavy Electricals Limited

Bharat Petroleum Corporation Limited

GAIL (India) Limited

Hindustan Aeronautics Limited

Hindustan Petroleum Corporation Limited

Mahanagar Telephone Nigam Limted

National Aluminium Company Limited

Neyveli Lignite Corporation Limited

NMDC Limited

Oil India Limited

Power Finance Corporation Limited

Power Grid Corporation of India Limited

Rashtriya Ispat Nigam Limited

Rural Electrification Corporation Limited

Shipping Corporation of India Limited

All login till 30^th June 2012

For All salary Credits above 20K

15.75% + 1.75%

Other Key PSU

Antrix Corporation Limited

Balmer lawrie & co Limited

Bharat Dynamics Limited

BEML Limited

Bharat Sanchar Niham Limited (BSNL)

Bridge & Roof Company (India) Limited

Central warehousing Corporation

Central Coal fields Limited

Chennai Petroloeum Corporation Limted (CPCL)

Cochin Shipyard Limted

Container Corporation of India Limted

Dredging Corporation of India Limited

Engineers India Limted

Ennore Port Limted

Garden Research Ship Builders & Engineers Limited

Goa Shipyard Limited

Hindustan Copper Limited

HLL Lifecare Limited

Hindustan Newsprint Limted

Hindustan paper corporation Limited

Housing & urban development corporation limted

India Tourism development corporation limited

Indian Railway catering & tourism corporation limted

IRCON International Limited

KIOCL Limited

Mahanadi coalfields Limited

Manganese Ore (India) Limted

Mangalore Refinery & petro chemicals limited

Mishra Dhatu Nigam Limited

MMTC Limited

MSTC Limited

National Fertilizers Limited

National Seeds Corporation Limited

NHPC Limited

Northern Coal fields Limted

Numaligarh Refinery Limited

ONGC Videsh Limited

Pawan Hans Helicopters Limited

Projects & Development India Limited

Rashtriya Chemicals & Fertilizers Limited

RITES Limited

SJVN Limited

Security Printing and Minting Corporation of India Limited

South Eastern Coalfields Limited

State Trading Corporation of India Limited

THDC India Limited

Telecommunications Consultants (India) Limited

Western Coalfields Limited

Water & Power Consultancy (India) Limited

            

New private banks perform better than PSBs

The FY 2011-12 has seen a global economic crisis and the GDP fell 2% below the previous year's 8.5 to 6.5%.

The entire economic condition has affected the banking sector adversely. The growth in advances and deposits were thinner than the previous year. The deposits for the year grew by 13.4% against 15.9% year before; similarly advances grew by 17% compared with 21.5 in FY10.

However, a comparison of NBs and NPBs shows latter outshining the former. NBs deposits grew by 15%, 1.3% below NPBs' 16.3%, while the advances grew by 18.1% for NBs against NPBs' 20.1%.

calculates loan eligibility? www.loaninchennai.com

A bank will start by looking at your income statement (salary slips, tax returns, bank statements). It will calculate your total monthly income by adding up your salary, interest income, rental income, if any etc. All these details are available in your bank statement.

Since savings depend on a variety of factors like income level, lifestyle etc, there is a standard thumb rule of 30 per cent that banks apply to arrive at this number.

That means, if your income is Rs 50,000 per month, the bank assumes that you save 30 per cent, that is Rs 15,000 per month.

The higher your income, the more you can save, so it is assumed.

If you are already paying some other EMI, that amount will be reduced from the calculated savings. So if your savings per month is Rs 15,000 and you are paying an EMI of Rs 2,400 on your car loan, the bank will arrive at a figure of Rs 12,600 as your net savings.

After that, a little backward calculation is done to find out the amount of loan that would result in an EMI equal to the amount that you can save. The bank uses the latest interest rate to calculate this.

So if your monthly net savings is Rs 12,600, the bank assumes that that is the amount available to pay off the EMI. If the prevailing interest rate is 10 per cent and you have applied for a loan tenure of 10 years, you will be eligible for a loan of Rs 9.5 lakh.

Personal Loan in Chennai Chennai Free Classifieds Ads | Post Free Ads | Search Free Ads Tamil Nadu

Personal Loan in Chennai Chennai Free Classifieds Ads | Post Free Ads | Search Free Ads Tamil Nadu

Why Is It A Right Time To Apply For A Personal Loan?

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Personal loan is considered as one of the easiest that an individual can take. There are generally no questions asked, no need of proofs, no criteria to be met. This is unlike other loans, such as those for education, where you require giving evidence of admission, or a home loan, where your house will be used as a security. While every bank is providing personal loans, financial experts advise borrowers against taking these. Why?

The main reason is that these loans are considered as one of the most expensive loans as the rate of interest can cross 30 per cent mark. The extremely high rate of interest is justified because the borrower doesn't require giving a collateral security. The lender will calculate the amount of loan by taking into account the current financial status of the borrower and other parameters, including, cash flow, salary, rental income, profit & loss in business, servicing of other loans, etc. But if the loan is so maligned, why does it exist? Is it beneficial to apply for a personal loan? Yes, it is, depending on the circumstances of the borrower. Let’s check out three situations which justify taking a personal loan, provided there is no other option left, like borrowing from family.

For settlement of a debt which has a high rate of interest

If you are intending to repay a loan that has a very high rate of interest, while that of the personal loan is lower than it will be right to choose the latter. It is feasible to use the personal loan for closing out the higher interest debt. For instance, at times, when people need cash urgently, they borrow a small proportion of amount from money lenders, where they pay only the monthly interest and promise to pay the principal amount at a later stage. This interest amount is usually on the higher side varying anywhere between 1.5 per cent- 3 per cent a month. If you will be able to repay the principal amount in less than six months then you will be able to keep paying the interest on a monthly basis. In case you will take longer to repay the principal amount; it is advantageous to go for a personal loan and use it to settle the earlier loan. Also, when you will regularly repaying your loan amount then it will create a good repayment record, which will in turn help in improving your credit history. You can leverage this in future to get high loans at lower rates.

For paying off a large credit card balance

You can use the personal loan for paying off a substantial credit card balance that is being rolled over for last few months. By paying only the minimum amount on the card bill will not prove useful as the interest rate is charged over the total bill amount, which is very high, generally, 2.5 per cent-3 per cent a month. It is a good idea to divert your money in paying the EMI of a personal loan.

Suppose, you have made a payment of Rs 2.3 lakh through your credit card. You may find it difficult to pay this large amount in one go and could decide to make the payment of minimum balance every month. However, even after the period of six months, there is a balance of Rs 2 lakh. It is pertinent to clear this amount and for that you can use one option out of the two, which are continue to pay the minimum amount every month, or apply for a personal loan.

If you will exercise the first option and pay only the minimum amount, which is 5 per cent then it, will take you 350 months for clearing your bill and the total payout in this case will be nearly Rs 4.78 lakh. The right choice is to apply for a personal loan of Rs 2 lakh to settle the card amount. If the rate of interest for the loan is 18 per cent a year then EMI for two years will be Rs 9,985 and the total payout would be come out Rs 2.40 lakh, which is very less as compared to the first option. Another advantage is that after paying the card balance, you can continue using the card for purchases and can enjoy its different facilities.

For education

You can apply for a personal loan for higher education. Though, it will not be helpful at the graduate level as the chances of getting a fatty salary to compensate for the interest outflow is less, therefore, it is more useful for a professional course. It is good to opt for the personal loan in such situations where there is an urgent need of funds and you cannot submit proof of admission on time or if you do not want to pledge any collateral security. However, it is advisable to take this route only when you are unable to get an education loan or if you want to top up your funding.