Personal Loans

Personal Loan can be used for any Immediate Financial Needs like Children’s Education, Medical Emergencies, Wedding Expenses, Home Renovation, Starting a Business or even for closing any other Financial Liabilities. The features of our Personal Loans are “No pre-payment and foreclosure charges”, “loan amount starting from Rs. 50,000 to Rs. 15,00,000”, “flexible repayment tenure”.

Personal Loans are flexible with minimal documentation, has fast approval mechanism and are open for all those who have a secured/regular income, irrespective of the purpose of application.

Personal Loan, as the name signifies, is funds give to individuals for personal purpose, without any restrictive conditions. Sometimes you just need some extra money.

Heed Securities is an Authorized Direct Selling Agents of various National, Multinational and Non Banking Financial Companies for promoting their sales for asset division.

Purpose of Personal Loan

• Marriage, Holiday, Medical, education, pay off higher loan of credit cards etc.
• Buying Consumer Durables like TV, Fridge
• House extension, Repairs
• Help you build or improve your credit by adding another line of credit to your credit report. Your lender will report your monthly payments to the three credit bureaus—Equifax, Experian and TransUnion

Who is eligible for Personal Loan?

• Salaried Employees
• Salaried Director of Company Holding less than 10% shareholdings
• Self Employed Professionals

Characteristics of Personal Loan Are

• Personal Loan is given as a certain percentage of the Net Earning [For salaried: – Net Salary credited to bank; and for professional: – Certain Percentage of Receipts]
• Finance from Rs. 1 Lacs to Rs.75 Lacs is provided.
• It is calculated on EMI [Equated Monthly Instalment] paying capacity of the borrower. In general, a person is assumed to be eligible to payEMI up to 70% of NTH Salary.