9 problems with PL/GL

Problems with PL/GL

1. No footage

Many times there is a failure in camera due to this footage of anything related to miss-happening that can be missed like robbery.

2. No monitoring of branches

Due to many branches monitoring all of them can be a problem. So there is a requirement for a proper security system.

3. Lack of security System

Alarms and other security system requirements if the need of many lenders. Just to take off people’s mortgage-related materials.

4. Vault safety

Since there are many documents and mortgage-related files are involved and also the materials like gold are involved to put in the vault there can be mixed up as well.

5. Debt Failure

One of the common problems is people fail to pay debts on the interest rate. So if you want to have a cash base personal loan then choose Bandhan Bank Personal Loan.

6. Less income source

Many people lose a job or have fallen in income between the tenure period at that time paying debt can be a handy process.

7. Hidden Charges

Some lenders can add hidden charges which people ignore without asking them why they are adding those but it is the right of every borrower to ask for it first.

8. Credit Score

If the borrower is lacking in credit score then it will be a big drawback for him because it can help in lowering the interest rate of any loan which he will ask at the present date or in the future. Keep it to a 750+ CIBIL score is a luxury deal for the borrower.

9. No Agreement care

Yes, the agreement file and document can be lengthy where all the details are involved but it is also important to read them for the safety of borrower and lender both.

Problems in Personal LoanThere are all lenders who ask for your details just to know your identity and to confirm if you are liable to give anything if you fail to pay the debt amount. A good amount of loan can be taken on your income sources only otherwise put something on a mortgage like in gold loan people do.

In Rajkot, gold matters a lot to the people because of its history, and many rulers have ruled there. So the tradition of gold loan Rajkot is always there because people use their gold as a source of money in the form of borrowing so they can work on their needs. Since they all know how gold loans work they don’t hesitate while visiting the bank.

In today’s world the internet has come up with all the required information and with the help of these, you can do research on your entire loan. Like knowing the calculation of what they are doing with that amount by using the EMI calculator. So the simple answer to saving yourself from any problem related to a loan does research and plan before reaching the lender’s office.

Author’s bio:

Gaurav S. Khurana is the Founder and CEO of Dialabank and has had a great career in the Banking and Financial Services Sector. He has an experience of 18 years in the sector and has worked at Senior Roles including National Sales Head at ING Investment Management India and as the Vice President Citibank. A post-graduate from IMT, Ghaziabad. Gaurav started his career as a Named Account Manager in Xerox.

Being a part of this field for a long time now, he has written many informative articles and blogs benefiting and assisting many in making decisions regarding the policies provided by various banks and non-banking financial companies such as the Bandhan Bank Personal Loan policy.

Gaurav S. Khurana is the Founder and CEO of Dialabank and has had a great career in the Banking and Financial Services Sector. He has an experience of 18 years in the sector and has worked at Senior Roles.