Hi salaried people. Do you want to Avoiding Loan Scams: Essential Tips for Safely Navigating Personal Loans ,In today’s salaried industry do you know that only 20 to 25 percent of people are getting personal loans? The reasons include lack of information, improper repayment strategies, managing multiple EMIs, having many app loans or too many credit cards, and not maintaining proper documentation.
If you’re one of them, life’s demands like medical emergencies, marriages, investments, or foreign trips can become overwhelming. So it’s crucial to keep your documents in order and ensure your repayments are on track. Are you eligible for a personal loan? Every day in India, thousands of people take a personal loan, but 50 to 60 percent get trapped in scams due to information problems and not contacting the right advisors and they become scape goat for Loan Scams. read complete article to get Essential Tips for Safely Navigating Personal Loans.
In one call or message, they might hand over all their personal documents, which is risky. You don’t want to fall into a scam like this. Contact reputable sources, directly associated with leading banks and NBFCs, to guide you through the official channels for securing a loan. A common mistake today is taking app-based loans because they seem easy to obtain. However, these loans can be problematic with small loan amounts and large EMIs, disrupting your financial planning and not adhering to proper banking procedures.
Seven years ago, a customer named Venkat needed a loan for his sister’s marriage. He was considering a hand loan, which would have cost him 2-3% interest per month almost 36% annually. Instead, we arranged a personal loan for him at around 2% interest, which covered both the principal and interest. He was working for a private company with a monthly salary of ₹30,000. We approved a loan of ₹5 lakh for him, and his sister’s marriage went smoothly. Recently, we funded him again with ₹60 lakh for a house purchase, offering him the best competitive rates, and he was delighted with the process.
If you are paying high interest rates or struggling to get timely loans, or if you’re burdened with hand loans, app loans, or credit card debts, remember that financial needs can arise for anyone. I’m Harish from BHS Instant Loan Solution, with over 14 years in the industry and partnerships with more than 30 leading banks and NBFCs. If you have any financial needs, please contact us.
Thank you.
