It’s Time to Fulfill All Your Needs with the Janalaxmi Personal Loan

Whether it’s your friend’s wedding, buying an expensive home appliance, travelling to some exotic location or renovating your home, for all your personal needs you have an option of buying a personal loan. Now, when we say availing this credit facility, there are various renowned lenders available in the market, which are known for offering you the same. But, the big question lies is that how to select the best among many. Well, for your reference here we have selected the best lender so that you can easily fulfill your wishes. So, without wasting any time further let’s discuss  Janalaxmi personal loan so as to make your loan buying journey memorable.

This private sector bank offers different kinds of retail loan to individuals in order to meet their purpose instantly. So, in this article, we will talk about two types of credit facility offered by the bank i.e. small batch and nano loans. Let’s get into the skin of these two schemes and know more about them.

Small Batch Loans: This is the core product offered by the bank to meet the credit needs of many households. This credit facility is provided to the individuals in a group comprising a minimum of 5 and maximum of 25 women, where each one is a guarantor. Moreover, this credit facility has five loan cycles and after each cycle gets completed, the customers can borrower the loan amount or can move on to the next level.

You can avail this credit facility at an interest of 22.86% per annum for a tenure of upto 24 months with a joint liability batch guarantee. If we talk about the loan amount being offered, in each cycle you can avail upto ₹ 50,000 to meet your varied need. However, the best thing about this credit facility is the fact that it comes to you with a quick & easy process, minimal documentation and attractive interest rates.

Now, let’s move further and discuss the another scheme offered by the lender…

Nano Loans:  This kind of credit facility is offered by the bank to those who have a proven credit history i.e. have completed two years in a small batch loan structure. Under this credit facility, the amount loan that you can avail is upto ₹60,000-2,00,000 for a tenure of upto 36 months at an interest rate of 26% per annum. However, the best thing about this credit facility is the fact that it can also be availed at an interest rate of 25%, only for repeating nano customers. In fact, one of the biggest USPs of this scheme is the fact that it comes to you with unmatched features, flexible repayment options and lowest interest rates.

Moreover, keeping this thing in mind, not only one but many people are showing their keen interest to avail this credit facility in order to meet their   multiple needs in the least time frame. Well, friends now that you know important things about both these schemes so it is the right time to proceed ahead and know few crucial factors here. Yes, you read that absolutely right! Before buying or availing any sort of credit facility, it is important to  keep certain points in mind, i.e. comparison and through research.

Yes, these two are the most crucial parameters that can either make or break the situation for you. Until and unless you won’t study the market i.e. don’t do the deep research or homework, how can you expect to get the best deal. Do the research and take out the names of the lenders offering you the same credit facility. Well, that’s not the end! Know more about the lender i.e. whether the lender has a trustable image or not? Furthermore, with the rise in fraud cases each day, it would not be wrong to say that you need to take every step very careful and should know the lender thoroughly.
Next thing that needs to keep in mind before availing Janalaxmi personal loan is to do the comparison.Yes, the comparison is the key that actually allows you to grab the best deal. Checkout different lenders, offering the same credit facility at better rates, tenures, fee and charges, etc. With the help of doing so, you can get the best deal and that too without much of a burden on your pocket. So, what are you waiting for? Go and grab the best deal for a personal loan to meet your varied needs.

 

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