5 Quick Tips to Choose The Best Personal Loan Online
                     5 Quick Tips to Choose 
The Best Personal Loan 
Online
WHAT IS A PERSONAL 
LOAN?
Personal Loans are unsecured loans taken by 
individuals from a non-banking financial company 
(NBFC) with the sole purpose of meeting their personal 
or immediate needs. With the advent of the online 
services offered by the NBFC, you can get the money 
within 24 hours.

#1 COMPARE INTEREST 
RATES
The interest rate is probably the first things you’re going to look at 
when choosing a personal loan. Compare and contrast the rates 
effectively to gain an idea about how much you will be required to 
pay interest rates on your loan.
#2 COMPARE FEES AND 
OTHER CHARGES
Every personal loan involves a monthly administration fee, but 
some financial institutions fees are higher than others lenders and 
some loans are subject to hidden costs. These can add up and 
make your personal loan some costly.
#3 COMPARE FLEXIBLE 
REPAYMENT OPTIONS
If you want to pay off your loan before the tenure is over, then you 
will have to pay a small charges. It’s could be 2 to 5% of loans 
remaining balance amount.
#4 COMPARE AFFORDABILITY 
OF YOUR EMI
Before taking the loan, calculate the EMI portion first. It is very 
important to take care of the EMI amount you are going to pay every 
month. You should ensure that you can manage the EMI payment, 
given your income and other mandatory costs without any default or 
penalties.
#5 LOOK OTHER LOANS 
AND OPTIONS
Once you’ve done comparison, it’s time to apply for the personal 
loans. But if you need a small sum of money then try to consider 
asking friends & family, or perhaps spending on your credit card. 
Remember one thing always do not borrow more than you can 
payback.
https://en.wikipedia.org/wiki/Loan
https://www.fullertonindia.com/personal-
loan.aspx
https://www.fullertonindia.com/knowledge-
center/how-to-choose-a-personal-loan.aspx
R E F E R E N C E S
T H A N K
Y O U !